GPT vs QQQ
Intelligent Alpha Atlas ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GPT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.18% | |
| AUM | $24M | $496.3B | |
| Dividend Yield | 0.68% | 0.44% | |
| Holdings | 88 | 108 | |
| YTD Return | +13.79% | +16.64% | |
| 1Y Return | +26.08% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 13.6% | 30.6% | |
| Max Drawdown | -25.6% | -83.0% | |
| Fund Family | Intelligent Alpha | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 16, 2024 | Mar 10, 1999 |
GPT vs QQQ Performance
Intelligent Alpha Atlas ETF (GPT) is a ETF from Intelligent Alpha and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GPT returned +26.08% while QQQ returned +27.27%. Year to date, GPT is up 13.79% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.6% for GPT. 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 -25.6% for GPT 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GPT charges 0.69% per year while QQQ charges 0.18%. On a $10,000 position that is $69 vs $18 annually, a gap of $51 per year that compounds over a long holding period. On income, GPT currently yields 0.68% against 0.44% for QQQ.
Holdings Overlap
GPT and QQQ share 5 holdings out of 185 unique holdings combined, representing a 3.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GPT or QQQ?
GPT has an expense ratio of 0.69% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, GPT or QQQ?
Over the past year GPT returned +26.08% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), GPT annualized +19.12% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GPT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.6% for GPT. Worst drawdown: GPT -25.6% vs QQQ -83.0%.
Should I hold both GPT and QQQ?
GPT and QQQ have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GPT and QQQ?
GPT and QQQ share 5 common holdings with a 3.2% weight overlap. Combined, they hold 185 unique securities.
Which pays a higher dividend, GPT or QQQ?
GPT yields 0.68% while QQQ yields 0.44%, so GPT currently pays the higher dividend yield.
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