GTOQ vs QQQ
Invesco High Yield Systematic Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GTOQ offers more diversification with 489 holdings.
Side-by-Side Comparison
| Metric | GTOQ | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.18% | |
| AUM | $182M | $496.3B | |
| Dividend Yield | 6.88% | 0.44% | |
| Holdings | 489 | 108 | |
| YTD Return | +2.77% | +16.19% | |
| 1Y Return | +5.09% | +25.22% | |
| 3Y Return (annualized) | +8.51% | +25.47% | |
| 5Y Return (annualized) | +3.94% | +14.34% | |
| Volatility (annualized) | 6.7% | 30.6% | |
| Max Drawdown | -15.7% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 2, 2020 | Mar 10, 1999 |
GTOQ vs QQQ Performance
Invesco High Yield Systematic Bond ETF (GTOQ) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GTOQ returned +5.09% while QQQ returned +25.22%. Year to date, GTOQ is up 2.77% versus a gain of 16.19% for QQQ.
Over three years, GTOQ compounded at +8.51% per year against +25.47% for QQQ; over five years the annualized figures are +3.94% and +14.34% respectively. Across the full 6-year window we track, QQQ has the edge at +13.01% annualized vs +4.23%. 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 6.7% for GTOQ. 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 -15.7% for GTOQ 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GTOQ charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, GTOQ currently yields 6.88% against 0.44% for QQQ.
Holdings Overlap
GTOQ and QQQ share 0 holdings out of 511 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, GTOQ or QQQ?
GTOQ has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, GTOQ or QQQ?
Over the past year GTOQ returned +5.09% vs +25.22% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), GTOQ annualized +4.23% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, GTOQ or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.7% for GTOQ. Worst drawdown: GTOQ -15.7% vs QQQ -83.0%.
Should I hold both GTOQ and QQQ?
GTOQ and QQQ have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTOQ and QQQ?
GTOQ and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, GTOQ or QQQ?
GTOQ yields 6.88% while QQQ yields 0.44%, so GTOQ currently pays the higher dividend yield.
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