GTPE vs QQQ
Goldman Sachs MSCI World Private Equity Return Tracker ETF vs Invesco QQQ Trust, Series 1
Which is better, GTPE or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. GTPE led over 1Y and the full window. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 51.1%.
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 | GTPE | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $30M | $437.3B |
| Dividend Yield | 0.00% | 0.43% |
| Holdings | 1,566 | 208 |
| YTD Return | +13.43%Best | +12.98% |
| 1Y Return | +16.32%Best | +11.59% |
| 3Y Return (annualized) | - | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Volatility (annualized) | 14.8%Best | 22.3% |
| Max Drawdown | -10.8%Best | -14.8% |
| $10,000 over 1.1 years | $11,792Best | $11,428 |
| Top 10 Weight | 51.1% | 46.9%Best |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Oct 21, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Oct 23, 2025 to Nov 11, 2026 (1.1 years).
GTPE 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 1.1 years both funds cover.
GTPE vs QQQ Performance
Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE) 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 GTPE returned +16.32% while QQQ returned +11.59%. Year to date, GTPE is up 13.43% 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 22.3% compared with 14.8% for GTPE. 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 -10.8% for GTPE and -14.8% 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GTPE charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, GTPE currently yields 0.00% against 0.43% for QQQ.
Holdings Overlap
19.2% of GTPE's money is in holdings QQQ also owns. 51.3% of QQQ's money is in holdings GTPE also owns.
The two portfolios partly overlap.
32 positions in common, counted across the 903 positions we hold weights for in GTPE and 101 in QQQ, against full books of 1,566 and 208.
What only one of them owns
Our book lists 64 positions for QQQ that do not appear in our book for GTPE (47.5% of the fund), and 386 for GTPE that do not appear in QQQ (68.3%).
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 GTPE | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.48% | 8.05% | 7.57% |
| AAPLApple Inc | 0.39% | 7.68% | 7.29% |
| MSFTMicrosoft Corp | 1.55% | 6.16% | 4.61% |
| AMDAdvanced Micro Devices Inc | 2.88% | 3.90% | 1.02% |
| MUMicron Technology, Inc. | 0.42% | 4.47% | 4.05% |
| AVGOBroadcom Inc | 1.84% | 2.52% | 0.68% |
| PLTRPalantir Technologies Inc. | 1.72% | 1.96% | 0.24% |
| AMATApplied Material | 2.13% | 1.45% | 0.68% |
| MRVLMarvell Technology Inc | 1.61% | 0.90% | 0.71% |
| INTCIntel Corp. | 0.10% | 2.13% | 2.03% |
51.3% of QQQ is already inside GTPE.
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, GTPE or QQQ?
GTPE has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, GTPE or QQQ?
Over the past year GTPE returned +16.32% vs +11.59% for QQQ, so GTPE leads on 1-year performance. Over the longest common window we track (1 years), GTPE annualized +16.17% vs +12.90% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GTPE or QQQ?
QQQ has been the more volatile fund at 22.3% annualized versus 14.8% for GTPE. Worst drawdown: GTPE -10.8% vs QQQ -14.8%.
Should I hold both GTPE and QQQ?
GTPE and QQQ have a monthly-return correlation of 0.88, 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 GTPE and QQQ?
51.3% of QQQ's money is in holdings GTPE also owns. 51.3% of QQQ's is in holdings GTPE also owns. They hold 32 positions in common, counted across the 903 positions we hold weights for in GTPE and 101 in QQQ.
Which pays a higher dividend, GTPE or QQQ?
GTPE yields 0.00% while QQQ yields 0.43%, so QQQ currently pays the higher dividend yield.
Is QQQ better than GTPE?
QQQ has a lower expense ratio. GTPE led over 1Y and the full window. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 51.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.