GSGO vs QQQ
Goldman Sachs Growth Opportunities ETF vs Invesco QQQ Trust, Series 1
Which is better, GSGO or QQQ?
Nearly the same fund. QQQ costs less.
QQQ has a lower expense ratio. QQQ led over 1Y. The two have moved almost in lockstep, correlation 0.99. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 53.7%.
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 | GSGO | QQQ |
|---|---|---|
| Expense Ratio | 0.45% | 0.18%Best |
| AUM | $177M | $437.3B |
| Dividend Yield | 0.00% | 0.43% |
| Holdings | 107 | 208 |
| YTD Return | +4.00% | +12.98%Best |
| 1Y Return | +5.37% | +11.59%Best |
| 3Y Return (annualized) | - | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Volatility (annualized) | 20.4%Best | 23.1% |
| Top 10 Weight | 53.7% | 46.9%Best |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 24, 1999 | Mar 10, 1999 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
GSGO 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GSGO vs QQQ Performance
Goldman Sachs Growth Opportunities ETF (GSGO) is an ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GSGO returned +5.37% while QQQ returned +11.59%. Year to date, GSGO is up 4.00% versus a gain of 12.98% 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 23.1% compared with 20.4% for GSGO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSGO charges 0.45% per year while QQQ charges 0.18%. On a $10,000 position that is $45 vs $18 annually, a gap of $27 per year that compounds over a long holding period. On income, GSGO currently yields 0.00% against 0.43% for QQQ.
Holdings Overlap
69.1% of GSGO's money is in holdings QQQ also owns. 62.7% of QQQ's money is in holdings GSGO also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 53 positions we hold weights for in GSGO and 101 in QQQ, against full books of 107 and 208.
What only one of them owns
Our book lists 69 positions for QQQ that do not appear in our book for GSGO (35.4% of the fund), and 24 for GSGO that do not appear in QQQ (24.8%).
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 GSGO | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 12.24% | 8.05% | 4.19% |
| MSFTMicrosoft Corp | 7.12% | 6.16% | 0.96% |
| GOOGLAlphabet Inc | 9.34% | 3.15% | 6.19% |
| AAPLApple Inc | 2.28% | 7.68% | 5.40% |
| METAMeta Platforms Inc | 5.39% | 3.37% | 2.02% |
| MUMicron Technology, Inc. | 3.74% | 4.47% | 0.73% |
| AMDAdvanced Micro Devices Inc | 4.22% | 3.90% | 0.32% |
| GOOGAlphabet Inc. C | 3.37% | 2.93% | 0.44% |
| AMZNAmazon.Com Inc | 1.07% | 4.23% | 3.16% |
| AVGOBroadcom Inc | 2.62% | 2.52% | 0.10% |
69.1% of GSGO 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, GSGO or QQQ?
GSGO has an expense ratio of 0.45% while QQQ charges 0.18%. QQQ is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, GSGO or QQQ?
Over the past year GSGO returned +5.37% vs +11.59% 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, GSGO or QQQ?
QQQ has been the more volatile fund at 23.1% annualized versus 20.4% for GSGO.
Should I hold both GSGO and QQQ?
GSGO and QQQ have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GSGO and QQQ?
69.1% of GSGO's money is in holdings QQQ also owns. 62.7% of QQQ's is in holdings GSGO also owns. They hold 26 positions in common, counted across the 53 positions we hold weights for in GSGO and 101 in QQQ.
Which pays a higher dividend, GSGO or QQQ?
GSGO yields 0.00% while QQQ yields 0.43%, so QQQ currently pays the higher dividend yield.
Is QQQ better than GSGO?
QQQ has a lower expense ratio. QQQ led over 1Y. The two have moved almost in lockstep, correlation 0.99. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 53.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.