GTOC vs QQQ
Invesco Core Fixed Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GTOC offers more diversification with 796 holdings.
Side-by-Side Comparison
| Metric | GTOC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.18% | |
| AUM | $355M | $496.3B | |
| Dividend Yield | 4.03% | 0.44% | |
| Holdings | 796 | 108 | |
| YTD Return | -2.57% | +16.64% | |
| 1Y Return | -0.41% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 3.6% | 30.6% | |
| Max Drawdown | -4.1% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 23, 2025 | Mar 10, 1999 |
GTOC vs QQQ Performance
Invesco Core Fixed Income ETF (GTOC) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GTOC returned -0.41% while QQQ returned +27.27%. Year to date, GTOC is down 2.57% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 3.6% for GTOC. 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 -4.1% for GTOC 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GTOC charges 0.26% per year while QQQ charges 0.18%. On a $10,000 position that is $26 vs $18 annually, a gap of $8 per year that compounds over a long holding period. On income, GTOC currently yields 4.03% against 0.44% for QQQ.
Holdings Overlap
GTOC and QQQ share 0 holdings out of 322 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, GTOC or QQQ?
GTOC has an expense ratio of 0.26% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $8 per year of difference.
Which performed better, GTOC or QQQ?
Over the past year GTOC returned -0.41% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), GTOC annualized +0.32% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GTOC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 3.6% for GTOC. Worst drawdown: GTOC -4.1% vs QQQ -83.0%.
Should I hold both GTOC and QQQ?
GTOC and QQQ have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTOC and QQQ?
GTOC and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 322 unique securities.
Which pays a higher dividend, GTOC or QQQ?
GTOC yields 4.03% while QQQ yields 0.44%, so GTOC currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.