GRPZ vs QQQ
Invesco S&P SmallCap 600 GARP ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GRPZ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GRPZ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $3M | $496.3B | |
| Dividend Yield | 0.88% | 0.44% | |
| Holdings | 92 | 108 | |
| YTD Return | +24.11% | +16.23% | |
| 1Y Return | +27.26% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 18.9% | 30.6% | |
| Max Drawdown | -27.9% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 27, 2024 | Mar 10, 1999 |
GRPZ vs QQQ Performance
Invesco S&P SmallCap 600 GARP ETF (GRPZ) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GRPZ returned +27.26% while QQQ returned +26.23%. Year to date, GRPZ is up 24.11% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.9% for GRPZ. 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 -27.9% for GRPZ 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GRPZ charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, GRPZ currently yields 0.88% against 0.44% for QQQ.
Holdings Overlap
GRPZ and QQQ share 0 holdings out of 192 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GRPZ or QQQ?
GRPZ has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, GRPZ or QQQ?
Over the past year GRPZ returned +27.26% vs +26.23% for QQQ, so GRPZ leads on 1-year performance. Over the longest common window we track (2 years), GRPZ annualized +13.04% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, GRPZ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.9% for GRPZ. Worst drawdown: GRPZ -27.9% vs QQQ -83.0%.
Should I hold both GRPZ and QQQ?
GRPZ and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GRPZ and QQQ?
GRPZ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 192 unique securities.
Which pays a higher dividend, GRPZ or QQQ?
GRPZ yields 0.88% while QQQ yields 0.44%, so GRPZ currently pays the higher dividend yield.
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