GOP vs QQQ
Subversive Congressional Republicans Trading ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GOP delivered stronger 1-year returns. GOP offers more diversification with 141 holdings.
Side-by-Side Comparison
| Metric | GOP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.73% | 0.18% | |
| AUM | $91M | $496.3B | |
| Dividend Yield | 0.58% | 0.44% | |
| Holdings | 141 | 108 | |
| YTD Return | +20.72% | +16.64% | |
| 1Y Return | +28.61% | +27.27% | |
| 3Y Return (annualized) | +21.69% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 13.4% | 30.6% | |
| Max Drawdown | -20.7% | -83.0% | |
| Fund Family | Subversive Capital | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 7, 2023 | Mar 10, 1999 |
GOP vs QQQ Performance
Subversive Congressional Republicans Trading ETF (GOP) is a ETF from Subversive Capital and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GOP returned +28.61% while QQQ returned +27.27%. Year to date, GOP is up 20.72% versus a gain of 16.64% for QQQ.
Over three years, GOP compounded at +21.69% per year against +25.96% for QQQ. Across the full 4-year window we track, GOP has the edge at +17.94% annualized vs +13.03%. 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 13.4% for GOP. 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 -20.7% for GOP 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GOP charges 0.73% per year while QQQ charges 0.18%. On a $10,000 position that is $73 vs $18 annually, a gap of $55 per year that compounds over a long holding period. On income, GOP currently yields 0.58% against 0.44% for QQQ.
Holdings Overlap
GOP and QQQ share 32 holdings out of 210 unique holdings combined, representing a 20.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GOP or QQQ?
GOP has an expense ratio of 0.73% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, GOP or QQQ?
Over the past year GOP returned +28.61% vs +27.27% for QQQ, so GOP leads on 1-year performance. Over the longest common window we track (4 years), GOP annualized +17.94% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GOP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.4% for GOP. Worst drawdown: GOP -20.7% vs QQQ -83.0%.
Should I hold both GOP and QQQ?
GOP and QQQ have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GOP and QQQ?
GOP and QQQ share 32 common holdings with a 20.1% weight overlap. Combined, they hold 210 unique securities.
Which pays a higher dividend, GOP or QQQ?
GOP yields 0.58% while QQQ yields 0.44%, so GOP currently pays the higher dividend yield.
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