GUSA vs QQQ
Goldman Sachs MarketBeta US 1000 Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, GUSA or QQQ?
Large Cap Blend against Large Cap Growth.
GUSA has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. GUSA is less concentrated, with 35.3% of the fund in its ten largest positions against 47.2%.
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 | GUSA | QQQ |
|---|---|---|
| Expense Ratio | 0.10%Best | 0.18% |
| AUM | $2.4B | $498.6B |
| Dividend Yield | 0.96% | 0.42% |
| Holdings | 2,012 | 321 |
| YTD Return | +14.30% | +24.01%Best |
| 1Y Return | +16.76% | +25.94%Best |
| 3Y Return (annualized) | +22.74% | +28.16%Best |
| 5Y Return (annualized) | - | +16.56% |
| Volatility (annualized) | 15.3%Best | 19.7% |
| Max Drawdown | -19.6%Best | -24.5% |
| $10,000 over 4.5 years | $18,414 | $22,998Best |
| Top 10 Weight | 35.3%Best | 47.2% |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Apr 5, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 12, 2022 to Oct 7, 2026 (4.5 years).
GUSA 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 4.5 years both funds cover.
GUSA vs QQQ Performance
Goldman Sachs MarketBeta US 1000 Equity ETF (GUSA) 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 GUSA returned +16.76% while QQQ returned +25.94%. Year to date, GUSA is up 14.30% versus a gain of 24.01% for QQQ.
Over three years, GUSA compounded at +22.74% per year against +28.16% 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 19.7% compared with 15.3% for GUSA. 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 -19.6% for GUSA and -24.5% 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GUSA charges 0.10% per year while QQQ charges 0.18%. On a $10,000 position that is $10 vs $18 annually, a gap of $8 per year that compounds over a long holding period. On income, GUSA currently yields 0.96% against 0.42% for QQQ.
Holdings Overlap
50.5% of GUSA's money is in holdings QQQ also owns. 96.8% of QQQ's money is in holdings GUSA also owns.
Most of QQQ is already inside GUSA. Owning both mostly buys the same companies twice.
93 positions in common, counted across the 1,004 positions we hold weights for in GUSA and 102 in QQQ, against full books of 2,012 and 321.
What only one of them owns
Our book lists 3 positions for QQQ that do not appear in our book for GUSA (0.9% of the fund), and 838 for GUSA that do not appear in QQQ (48.8%).
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 GUSA | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.25% | 8.45% | 1.20% |
| AAPLApple, Inc | 6.66% | 7.80% | 1.14% |
| MSFTMicrosoft Corp | 5.15% | 5.88% | 0.73% |
| AMZNAmazon.Com Inc | 3.45% | 4.41% | 0.96% |
| MUMicron Technology, Inc. | 1.57% | 4.85% | 3.28% |
| GOOGLAlphabet Inc,class A | 2.77% | 3.15% | 0.38% |
| GOOGAlphabet Inc. C | 2.39% | 2.93% | 0.54% |
| AVGOBroadcom Inc | 2.40% | 2.74% | 0.34% |
| METAMeta Platforms Inc | 2.02% | 3.07% | 1.05% |
| AMDAdvanced Micro Devices Inc | 1.16% | 3.71% | 2.55% |
96.8% of QQQ is already inside GUSA.
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, GUSA or QQQ?
GUSA has an expense ratio of 0.10% while QQQ charges 0.18%. GUSA is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, GUSA or QQQ?
Over the past year GUSA returned +16.76% vs +25.94% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GUSA or QQQ?
QQQ has been the more volatile fund at 19.7% annualized versus 15.3% for GUSA. Worst drawdown: GUSA -19.6% vs QQQ -24.5%.
Should I hold both GUSA and QQQ?
GUSA and QQQ have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GUSA and QQQ?
96.8% of QQQ's money is in holdings GUSA also owns. 96.8% of QQQ's is in holdings GUSA also owns. They hold 93 positions in common, counted across the 1,004 positions we hold weights for in GUSA and 102 in QQQ.
Which pays a higher dividend, GUSA or QQQ?
GUSA yields 0.96% while QQQ yields 0.42%, so GUSA currently pays the higher dividend yield.
Is QQQ better than GUSA?
GUSA has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. GUSA is less concentrated, with 35.3% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.