GRN vs QQQ
iPath Series B Carbon ETN vs Invesco QQQ Trust, Series 1
Which is better, GRN or QQQ?
Energy against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 54.4%.
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 | GRN | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $13M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 50 | 321 |
| YTD Return | +3.21% | +18.75%Best |
| 1Y Return | +14.09% | +15.18%Best |
| 3Y Return (annualized) | +4.39% | +28.38%Best |
| 5Y Return (annualized) | +8.92% | +14.24%Best |
| Volatility (annualized) | 34.1% | 20.5%Best |
| Max Drawdown | -48.0% | -35.1%Best |
| $10,000 over 5 years | $15,330 | $19,458Best |
| Top 10 Weight | 54.4% | 46.7%Best |
| Fund Family | Barclays | Invesco (US) |
| Category | Commodity | Equity |
| Style | Energy | Large Cap Growth |
| Inception | Sep 10, 2019 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 10, 2019 to Oct 28, 2026 (7.1 years).
GRN 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 7.1 years both funds cover.
GRN vs QQQ Performance
iPath Series B Carbon ETN (GRN) is an ETF from Barclays and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GRN returned +14.09% while QQQ returned +15.18%. Year to date, GRN is up 3.21% versus a gain of 18.75% for QQQ.
Over three years, GRN compounded at +4.39% per year against +28.38% for QQQ; over five years the annualized figures are +8.92% and +14.24% respectively. Across the full 7-year window we track, QQQ has the edge at +21.18% annualized vs +18.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GRN has been the more volatile fund, with annualized monthly volatility of 34.1% compared with 20.5% 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 -48.0% for GRN and -35.1% 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 0.23. They move largely independently of each other.
Fees and Cost Over Time
GRN charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, GRN currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 50 holdings in GRN and 101 in QQQ, totalling 98.6% and 99.6% 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 50 positions we hold weights for in GRN and 101 in QQQ, against full books of 50 and 321.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for GRN (97.2% of the fund), and 0 for GRN that do not appear in QQQ (0.0%).
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.
You are not choosing between two funds in isolation.
Whichever of GRN 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, GRN or QQQ?
GRN has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, GRN or QQQ?
Over the past year GRN returned +14.09% vs +15.18% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), GRN annualized +18.37% vs +21.18% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GRN or QQQ?
GRN has been the more volatile fund at 34.1% annualized versus 20.5% for QQQ. Worst drawdown: GRN -48.0% vs QQQ -35.1%.
Should I hold both GRN and QQQ?
GRN and QQQ have a monthly-return correlation of 0.23, 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, GRN or QQQ?
GRN yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than GRN?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 54.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.