GTEK vs QQQ
Goldman Sachs Future Tech Leaders Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GTEK delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | GTEK | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.18% | |
| AUM | $247M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 68 | 108 | |
| YTD Return | +47.61% | +19.52% | |
| 1Y Return | +68.61% | +26.68% | |
| 3Y Return (annualized) | +34.51% | +26.64% | |
| 5Y Return (annualized) | +8.30% | +15.36% | |
| Volatility (annualized) | 27.7% | 30.6% | |
| Max Drawdown | -53.8% | -83.0% | |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 14, 2021 | Mar 10, 1999 |
GTEK vs QQQ Performance
Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is a ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GTEK returned +68.61% while QQQ returned +26.68%. Year to date, GTEK is up 47.61% versus a gain of 19.52% for QQQ.
Over three years, GTEK compounded at +34.51% per year against +26.64% for QQQ; over five years the annualized figures are +8.30% and +15.36% respectively. Across the full 5-year window we track, QQQ has the edge at +13.14% annualized vs +8.30%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 27.7% for GTEK. 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 -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 0.89. 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
GTEK and QQQ share 14 holdings out of 148 unique holdings combined, representing a 7.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $57 per year of difference.
Which performed better, GTEK or QQQ?
Over the past year GTEK returned +68.61% vs +26.68% for QQQ, so GTEK leads on 1-year performance. Over the longest common window we track (5 years), GTEK annualized +8.30% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, GTEK or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 27.7% for GTEK. Worst drawdown: GTEK -53.8% vs QQQ -83.0%.
Should I hold both GTEK and QQQ?
GTEK and QQQ have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTEK and QQQ?
GTEK and QQQ share 14 common holdings with a 7.1% weight overlap. Combined, they hold 148 unique securities.
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.
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