GTEK vs QQQ
Goldman Sachs Future Tech Leaders Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, GTEK or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. GTEK led over 1Y and 3Y, QQQ over 5Y and the full window. GTEK is less concentrated, with 30.7% of the fund in its ten largest positions against 46.5%.
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 | GTEK | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $239M | $486.1B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 68 | 107 |
| YTD Return | +40.15%Best | +17.54% |
| 1Y Return | +56.40%Best | +25.59% |
| 3Y Return (annualized) | +31.28%Best | +24.63% |
| 5Y Return (annualized) | +7.07% | +14.18%Best |
| Volatility (annualized) | 27.2% | 20.9%Best |
| Max Drawdown | -53.8% | -35.1%Best |
| $10,000 over 5 years | $14,071 | $19,407Best |
| Top 10 Weight | 30.7%Best | 46.5% |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Sep 14, 2021 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Sep 16, 2021 to Sep 4, 2026 (5 years).
GTEK 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 5 years both funds cover.
GTEK vs QQQ Performance
Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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 GTEK returned +56.40% while QQQ returned +25.59%. Year to date, GTEK is up 40.15% versus a gain of 17.54% for QQQ.
Over three years, GTEK compounded at +31.28% per year against +24.63% for QQQ; over five years the annualized figures are +7.07% and +14.18% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GTEK has been the more volatile fund, with annualized monthly volatility of 27.2% compared with 20.9% 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 -53.8% for GTEK 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GTEK 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, GTEK currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
20.9% of GTEK's money is in holdings QQQ also owns. 7.1% of QQQ's money is in holdings GTEK also owns.
GTEK and QQQ share little of their money.
14 positions in common, counted across the 61 positions we hold weights for in GTEK and 102 in QQQ, against full books of 68 and 107.
What only one of them owns
Our book lists 83 positions for QQQ that do not appear in our book for GTEK (91.3% of the fund), and 17 for GTEK that do not appear in QQQ (27.1%).
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 GTEK | Weight in QQQ | Difference |
|---|---|---|---|
| MRVLMarvell Technology Group Ltd. | 3.74% | 0.81% | 2.93% |
| KLACKla Corp | 1.42% | 1.11% | 0.31% |
| CDNSCadence Design Systems Inc. | 2.05% | 0.41% | 1.64% |
| AXONAxon Enterprise Inc | 2.18% | 0.22% | 1.96% |
| TERTeradyne Inc - Common | 2.12% | 0.27% | 1.85% |
| CRWDCrowdstrike Holdings Inc. Class A | 1.19% | 0.94% | 0.25% |
| DASHDoordash Inc - A | 1.72% | 0.37% | 1.35% |
| LITELumentum Holdings Inc | 1.60% | 0.28% | 1.32% |
| SHOP:CAShopify Inc - Common | 0.92% | 0.77% | 0.15% |
| MPWRMonolithic Power Systems Inc | 1.26% | 0.29% | 0.97% |
20.9% of GTEK 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, GTEK or QQQ?
GTEK 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, GTEK or QQQ?
Over the past year GTEK returned +56.40% vs +25.59% for QQQ, so GTEK leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GTEK or QQQ?
GTEK has been the more volatile fund at 27.2% annualized versus 20.9% for QQQ. Worst drawdown: GTEK -53.8% vs QQQ -35.1%.
Should I hold both GTEK and QQQ?
GTEK and QQQ have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GTEK and QQQ?
20.9% of GTEK's money is in holdings QQQ also owns. 7.1% of QQQ's is in holdings GTEK also owns. They hold 14 positions in common, counted across the 61 positions we hold weights for in GTEK and 102 in QQQ.
Which pays a higher dividend, GTEK or QQQ?
GTEK yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than GTEK?
QQQ has a lower expense ratio. GTEK led over 1Y and 3Y, QQQ over 5Y and the full window. GTEK is less concentrated, with 30.7% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.