GNT vs QQQ
GAMCO Natural Resources Gold & Income Trust vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GNT delivered stronger 1-year returns. GNT offers more diversification with 281 holdings.
Side-by-Side Comparison
| Metric | GNT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.18% | 0.18% | |
| AUM | $173M | $496.3B | |
| Dividend Yield | 8.09% | 0.44% | |
| Holdings | 281 | 108 | |
| YTD Return | +26.98% | +16.23% | |
| 1Y Return | +49.15% | +26.23% | |
| 3Y Return (annualized) | +30.72% | +25.75% | |
| 5Y Return (annualized) | +20.04% | +14.78% | |
| Volatility (annualized) | 22.5% | 30.6% | |
| Max Drawdown | -88.1% | -83.0% | |
| Fund Family | Gabelli Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 27, 2011 | Mar 10, 1999 |
GNT vs QQQ Performance
GAMCO Natural Resources Gold & Income Trust (GNT) is a ETF from Gabelli Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GNT returned +49.15% while QQQ returned +26.23%. Year to date, GNT is up 26.98% versus a gain of 16.23% for QQQ.
Over three years, GNT compounded at +30.72% per year against +25.75% for QQQ; over five years the annualized figures are +20.04% and +14.78% respectively. Across the full 16-year window we track, QQQ has the edge at +13.02% annualized vs -2.53%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 22.5% for GNT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.1% for GNT and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GNT charges 1.18% per year while QQQ charges 0.18%. On a $10,000 position that is $118 vs $18 annually, a gap of $100 per year that compounds over a long holding period. On income, GNT currently yields 8.09% against 0.44% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, GNT or QQQ?
GNT has an expense ratio of 1.18% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, GNT or QQQ?
Over the past year GNT returned +49.15% vs +26.23% for QQQ, so GNT leads on 1-year performance. Over the longest common window we track (16 years), GNT annualized -2.53% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, GNT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 22.5% for GNT. Worst drawdown: GNT -88.1% vs QQQ -83.0%.
Should I hold both GNT and QQQ?
GNT and QQQ have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GNT and QQQ?
GNT and QQQ share 2 common holdings with a 0.5% weight overlap. Combined, they hold 188 unique securities.
Which pays a higher dividend, GNT or QQQ?
GNT yields 8.09% while QQQ yields 0.44%, so GNT currently pays the higher dividend yield.
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