GQGU vs QQQ
GQG US Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, GQGU or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 57.2%.
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 | GQGU | QQQ |
|---|---|---|
| Expense Ratio | 0.49% | 0.18%Best |
| AUM | $583M | $498.6B |
| Dividend Yield | 0.96% | 0.42% |
| Holdings | 77 | 321 |
| YTD Return | +9.95% | +24.01%Best |
| 1Y Return | +7.51% | +25.94%Best |
| 3Y Return (annualized) | - | +28.16% |
| 5Y Return (annualized) | - | +16.56% |
| Volatility (annualized) | 11.7%Best | 19.7% |
| Max Drawdown | -8.4%Best | -12.0% |
| $10,000 over 1.2 years | $10,837 | $13,592Best |
| Top 10 Weight | 57.2% | 47.2%Best |
| Fund Family | GQG Partners LLC | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 31, 2019 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 14, 2025 to Oct 7, 2026 (1.2 years).
GQGU 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 covers the 1.2 years both funds cover.
GQGU vs QQQ Performance
GQG US Equity ETF (GQGU) is an ETF from GQG Partners LLC and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GQGU returned +7.51% while QQQ returned +25.94%. Year to date, GQGU is up 9.95% versus a gain of 24.01% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.7% compared with 11.7% for GQGU. 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 -8.4% for GQGU and -12.0% 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 -0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GQGU charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, GQGU currently yields 0.96% against 0.42% for QQQ.
Holdings Overlap
60.2% of GQGU's money is in holdings QQQ also owns. 51.3% of QQQ's money is in holdings GQGU also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 38 positions we hold weights for in GQGU and 102 in QQQ, against full books of 77 and 321.
What only one of them owns
Our book lists 80 positions for QQQ that do not appear in our book for GQGU (46.5% of the fund), and 20 for GQGU that do not appear in QQQ (36.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GQGU | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.37% | 8.45% | 0.92% |
| AAPLApple, Inc | 7.83% | 7.80% | 0.03% |
| MSFTMicrosoft Corp | 8.16% | 5.88% | 2.28% |
| AMZNAmazon.Com Inc | 6.76% | 4.41% | 2.35% |
| GOOGAlphabet Inc. C | 7.25% | 2.93% | 4.32% |
| MUMicron Technology, Inc. | 4.08% | 4.85% | 0.77% |
| AVGOBroadcom Inc | 2.56% | 2.74% | 0.18% |
| AMDAdvanced Micro Devices Inc | 1.29% | 3.71% | 2.42% |
| LRCXLrcx Uw Equity | 3.12% | 1.64% | 1.48% |
| METAMeta Platforms Inc | 1.68% | 3.07% | 1.39% |
60.2% of GQGU is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GQGU or QQQ?
GQGU has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, GQGU or QQQ?
Over the past year GQGU returned +7.51% vs +25.94% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), GQGU annualized +6.93% vs +29.14% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GQGU or QQQ?
QQQ has been the more volatile fund at 19.7% annualized versus 11.7% for GQGU. Worst drawdown: GQGU -8.4% vs QQQ -12.0%.
Should I hold both GQGU and QQQ?
GQGU and QQQ have a monthly-return correlation of -0.36, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GQGU and QQQ?
60.2% of GQGU's money is in holdings QQQ also owns. 51.3% of QQQ's is in holdings GQGU also owns. They hold 16 positions in common, counted across the 38 positions we hold weights for in GQGU and 102 in QQQ.
Which pays a higher dividend, GQGU or QQQ?
GQGU yields 0.96% while QQQ yields 0.42%, so GQGU currently pays the higher dividend yield.
Is QQQ better than GQGU?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 57.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.