GOVI vs QQQ
Invesco Equal Weight 0-30 Year Treasury ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
GOVI has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GOVI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.18% | |
| AUM | $1.2B | $496.3B | |
| Dividend Yield | 3.94% | 0.44% | |
| Holdings | 31 | 108 | |
| YTD Return | -1.94% | +16.64% | |
| 1Y Return | +0.62% | +27.27% | |
| 3Y Return (annualized) | +2.15% | +25.96% | |
| 5Y Return (annualized) | -3.95% | +14.54% | |
| Volatility (annualized) | 8.7% | 30.6% | |
| Max Drawdown | -33.1% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 11, 2007 | Mar 10, 1999 |
GOVI vs QQQ Performance
Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GOVI returned +0.62% while QQQ returned +27.27%. Year to date, GOVI is down 1.94% versus a gain of 16.64% for QQQ.
Over three years, GOVI compounded at +2.15% per year against +25.96% for QQQ; over five years the annualized figures are -3.95% and +14.54% respectively. Across the full 19-year window we track, QQQ has the edge at +13.03% annualized vs +1.04%. 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 8.7% for GOVI. 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 -33.1% for GOVI 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 -0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GOVI charges 0.15% per year while QQQ charges 0.18%. On a $10,000 position that is $15 vs $18 annually, a gap of $3 per year that compounds over a long holding period. On income, GOVI currently yields 3.94% against 0.44% for QQQ.
Holdings Overlap
GOVI and QQQ share 0 holdings out of 132 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GOVI or QQQ?
GOVI has an expense ratio of 0.15% while QQQ charges 0.18%. GOVI is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, GOVI or QQQ?
Over the past year GOVI returned +0.62% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), GOVI annualized +1.04% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GOVI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.7% for GOVI. Worst drawdown: GOVI -33.1% vs QQQ -83.0%.
Should I hold both GOVI and QQQ?
GOVI and QQQ have a monthly-return correlation of -0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GOVI and QQQ?
GOVI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, GOVI or QQQ?
GOVI yields 3.94% while QQQ yields 0.44%, so GOVI currently pays the higher dividend yield.
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