GRPZ vs QQQ
Invesco S&P SmallCap 600 GARP ETF vs Invesco QQQ Trust, Series 1
Which is better, GRPZ or QQQ?
Small Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. GRPZ is less concentrated, with 19.1% of the fund in its ten largest positions against 47.2%.
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 | GRPZ | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $3M | $498.6B |
| Dividend Yield | 0.88% | 0.42% |
| Holdings | 92 | 321 |
| YTD Return | +15.45% | +22.67%Best |
| 1Y Return | +15.60% | +24.33%Best |
| 3Y Return (annualized) | - | +29.05% |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 18.9% | 17.3%Best |
| Max Drawdown | -27.9% | -22.8%Best |
| $10,000 over 2.5 years | $12,464 | $17,015Best |
| Top 10 Weight | 19.1%Best | 47.2% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Growth |
| Inception | Mar 27, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 27, 2024 to Oct 2, 2026 (2.5 years).
GRPZ 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 2.5 years both funds cover.
GRPZ vs QQQ Performance
Invesco S&P SmallCap 600 GARP ETF (GRPZ) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GRPZ returned +15.60% while QQQ returned +24.33%. Year to date, GRPZ is up 15.45% versus a gain of 22.67% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GRPZ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 17.3% 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 -27.9% for GRPZ and -22.8% 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 0.31. They move together some of the time, and apart the rest.
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 0.42% for QQQ.
Holdings Overlap
We hold position weights for 89 holdings in GRPZ and 102 in QQQ, totalling 100.0% and 99.9% 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 89 positions we hold weights for in GRPZ and 102 in QQQ, against full books of 92 and 321.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for GRPZ (97.8% of the fund), and 86 for GRPZ that do not appear in QQQ (96.5%).
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 GRPZ 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, GRPZ or QQQ?
GRPZ has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, GRPZ or QQQ?
Over the past year GRPZ returned +15.60% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GRPZ or QQQ?
GRPZ has been the more volatile fund at 18.9% annualized versus 17.3% for QQQ. Worst drawdown: GRPZ -27.9% vs QQQ -22.8%.
Should I hold both GRPZ and QQQ?
GRPZ and QQQ have a monthly-return correlation of 0.31, 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, GRPZ or QQQ?
GRPZ yields 0.88% while QQQ yields 0.42%, so GRPZ currently pays the higher dividend yield.
Is QQQ better than GRPZ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. GRPZ is less concentrated, with 19.1% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.