GOVI vs QQQ
Invesco Equal Weight 0-30 Year Treasury ETF vs Invesco QQQ Trust, Series 1
Which is better, GOVI or QQQ?
Long Term Government Bond against Large Cap Growth.
GOVI has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. GOVI is less concentrated, with 34.2% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GOVI | QQQ |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.18% |
| AUM | $1.2B | $483.5B |
| Dividend Yield | 3.96% | 0.44% |
| Holdings | 31 | 107 |
| YTD Return | -3.10% | +16.87%Best |
| 1Y Return | -3.80% | +22.98%Best |
| 3Y Return (annualized) | +1.45% | +24.98%Best |
| 5Y Return (annualized) | -4.09% | +14.39%Best |
| Volatility (annualized) | 8.7%Best | 19.0% |
| Max Drawdown | -33.1%Best | -53.5% |
| $10,000 over 5 years | $8,116 | $19,586Best |
| Top 10 Weight | 34.2%Best | 46.5% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Long Term Government Bond | Large Cap Growth |
| Inception | Oct 11, 2007 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Oct 11, 2007 to Sep 11, 2026 (18.9 years).
GOVI vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GOVI vs QQQ Performance
Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GOVI returned -3.80% while QQQ returned +22.98%. Year to date, GOVI is down 3.10% versus a gain of 16.87% for QQQ.
Over three years, GOVI compounded at +1.45% per year against +24.98% for QQQ; over five years the annualized figures are -4.09% and +14.39% respectively. Across the full 19-year window we track, QQQ has the edge at +14.98% annualized vs +0.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.0% 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 -53.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.04. They move largely independently of each other.
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 3.96% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 30 holdings in GOVI and 102 in QQQ, totalling 96.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 30 positions we hold weights for in GOVI and 102 in QQQ, against full books of 31 and 107.
What only one of them owns
Measured across the 30 and 102 positions we hold weights for.
QQQ holds 95 positions GOVI does not, 97.0% of the fund.
Largest: NVDA 8.44%, AAPL 7.27%, MSFT 5.76%, AMZN 4.67%, MU 4.43%
You are not choosing between two funds in isolation.
Whichever of GOVI and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $3 a year on a $10,000 investment.
Which performed better, GOVI or QQQ?
Over the past year GOVI returned -3.80% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), GOVI annualized +0.97% vs +14.98% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GOVI or QQQ?
QQQ has been the more volatile fund at 19.0% annualized versus 8.7% for GOVI. Worst drawdown: GOVI -33.1% vs QQQ -53.5%.
Should I hold both GOVI and QQQ?
GOVI and QQQ have a monthly-return correlation of -0.04, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GOVI or QQQ?
GOVI yields 3.96% while QQQ yields 0.44%, so GOVI currently pays the higher dividend yield.
Is QQQ better than GOVI?
GOVI has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. GOVI is less concentrated, with 34.2% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.