GPRF vs QQQ
Goldman Sachs Access US Preferred Stock and Hybrid Securities ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GPRF offers more diversification with 427 holdings.
Side-by-Side Comparison
| Metric | GPRF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.18% | |
| AUM | $132M | $455.8B | |
| Dividend Yield | 5.64% | 0.41% | |
| Holdings | 488 | 108 | |
| YTD Return | +0.30% | +18.31% | |
| 1Y Return | +2.87% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 4.0% | 30.6% | |
| Max Drawdown | -4.2% | -83.0% | |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 30, 2024 | Mar 10, 1999 |
GPRF vs QQQ Performance
Goldman Sachs Access US Preferred Stock and Hybrid Securities ETF (GPRF) is a ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GPRF returned +2.87% while QQQ returned +25.37%. Year to date, GPRF is up 0.30% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 4.0% for GPRF. 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 -4.2% for GPRF 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GPRF charges 0.45% per year while QQQ charges 0.18%. On a $10,000 position that is $45 vs $18 annually, a gap of $27 per year that compounds over a long holding period. On income, GPRF currently yields 5.64% against 0.41% for QQQ.
Holdings Overlap
GPRF and QQQ share 1 holdings out of 529 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GPRF | Weight in QQQ | Difference |
|---|---|---|---|
| XEL | 0.29% | 0.22% | 0.07% |
Frequently Asked Questions
Which is cheaper, GPRF or QQQ?
GPRF has an expense ratio of 0.45% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, GPRF or QQQ?
Over the past year GPRF returned +2.87% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), GPRF annualized +4.70% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, GPRF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 4.0% for GPRF. Worst drawdown: GPRF -4.2% vs QQQ -83.0%.
Should I hold both GPRF and QQQ?
GPRF and QQQ have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GPRF and QQQ?
GPRF and QQQ share 1 common holdings with a 0.2% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, GPRF or QQQ?
GPRF yields 5.64% while QQQ yields 0.41%, so GPRF currently pays the higher dividend yield.
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