GRF vs QQQ
Eagle Capital Growth Fund Inc. 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 103 holdings.
Side-by-Side Comparison
| Metric | GRF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.61% | 0.18% | |
| AUM | $40M | $455.8B | |
| Dividend Yield | 8.59% | 0.41% | |
| Holdings | 26 | 108 | |
| YTD Return | -4.57% | +17.46% | |
| 1Y Return | +11.11% | +26.02% | |
| 3Y Return (annualized) | +11.68% | +25.51% | |
| 5Y Return (annualized) | +9.48% | +15.12% | |
| Volatility (annualized) | 123.6% | 30.6% | |
| Max Drawdown | -91.1% | -83.0% | |
| Fund Family | Eagle Capital Growth Fund Inc. | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 2, 1990 | Mar 10, 1999 |
GRF vs QQQ Performance
Eagle Capital Growth Fund Inc. (GRF) is a ETF from Eagle Capital Growth Fund Inc. and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GRF returned +11.11% while QQQ returned +26.02%. Year to date, GRF is down 4.57% versus a gain of 17.46% for QQQ.
Over three years, GRF compounded at +11.68% per year against +25.51% for QQQ; over five years the annualized figures are +9.48% and +15.12% respectively. Across the full 23-year window we track, QQQ has the edge at +13.08% annualized vs +1.49%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GRF has been the more volatile fund, with annualized monthly volatility of 123.6% compared with 30.6% for QQQ. 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 -91.1% for GRF 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 -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GRF charges 1.61% per year while QQQ charges 0.18%. On a $10,000 position that is $161 vs $18 annually, a gap of $143 per year that compounds over a long holding period. On income, GRF currently yields 8.59% against 0.41% for QQQ.
Holdings Overlap
GRF and QQQ share 7 holdings out of 118 unique holdings combined, representing a 9.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GRF or QQQ?
GRF has an expense ratio of 1.61% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $143 per year of difference.
Which performed better, GRF or QQQ?
Over the past year GRF returned +11.11% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (23 years), GRF annualized +1.49% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, GRF or QQQ?
GRF has been the more volatile fund at 123.6% annualized versus 30.6% for QQQ. Worst drawdown: GRF -91.1% vs QQQ -83.0%.
Should I hold both GRF and QQQ?
GRF and QQQ have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GRF and QQQ?
GRF and QQQ share 7 common holdings with a 9.2% weight overlap. Combined, they hold 118 unique securities.
Which pays a higher dividend, GRF or QQQ?
GRF yields 8.59% while QQQ yields 0.41%, so GRF currently pays the higher dividend yield.
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