GVAL vs QQQ
Cambria Global Value ETF vs Invesco QQQ Trust, Series 1
Which is better, GVAL or QQQ?
Mid Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. GVAL led over 1Y, 3Y and 5Y, QQQ over the full window. GVAL is less concentrated, with 23.8% of the fund in its ten largest positions against 46.5%.
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 | GVAL | QQQ |
|---|---|---|
| Expense Ratio | 0.66% | 0.18%Best |
| AUM | $591M | $483.5B |
| Dividend Yield | 2.31% | 0.44% |
| Holdings | 121 | 107 |
| YTD Return | +24.32%Best | +16.87% |
| 1Y Return | +36.91%Best | +22.98% |
| 3Y Return (annualized) | +30.47%Best | +24.98% |
| 5Y Return (annualized) | +15.09%Best | +14.39% |
| Volatility (annualized) | 18.7% | 18.2%Best |
| Max Drawdown | -46.8% | -35.1%Best |
| $10,000 over 5 years | $20,192Best | $19,586 |
| Top 10 Weight | 23.8%Best | 46.5% |
| Fund Family | Cambria Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Growth |
| Inception | Mar 11, 2014 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Mar 12, 2014 to Sep 11, 2026 (12.5 years).
GVAL 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 12.5 years both funds cover.
GVAL vs QQQ Performance
Cambria Global Value ETF (GVAL) is an ETF from Cambria Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GVAL returned +36.91% while QQQ returned +22.98%. Year to date, GVAL is up 24.32% versus a gain of 16.87% for QQQ.
Over three years, GVAL compounded at +30.47% per year against +24.98% for QQQ; over five years the annualized figures are +15.09% and +14.39% respectively. Across the full 13-year window we track, QQQ has the edge at +18.28% annualized vs +7.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GVAL has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 18.2% for QQQ. 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 -46.8% for GVAL and -35.1% 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GVAL charges 0.66% per year while QQQ charges 0.18%. On a $10,000 position that is $66 vs $18 annually, a gap of $48 per year that compounds over a long holding period. On income, GVAL currently yields 2.31% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 113 holdings in GVAL and 102 in QQQ, totalling 99.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 113 positions we hold weights for in GVAL and 102 in QQQ, against full books of 121 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for GVAL (97.0% of the fund), and 6 for GVAL that do not appear in QQQ (7.0%).
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.
You are not choosing between two funds in isolation.
Whichever of GVAL and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GVAL or QQQ?
GVAL has an expense ratio of 0.66% while QQQ charges 0.18%. QQQ is the cheaper option, by $48 a year on a $10,000 investment.
Which performed better, GVAL or QQQ?
Over the past year GVAL returned +36.91% vs +22.98% for QQQ, so GVAL leads on 1-year performance. Over the longest common window we track (13 years), GVAL annualized +7.26% vs +18.28% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GVAL or QQQ?
GVAL has been the more volatile fund at 18.7% annualized versus 18.2% for QQQ. Worst drawdown: GVAL -46.8% vs QQQ -35.1%.
Should I hold both GVAL and QQQ?
GVAL and QQQ have a monthly-return correlation of 0.51, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GVAL or QQQ?
GVAL yields 2.31% while QQQ yields 0.44%, so GVAL currently pays the higher dividend yield.
Is QQQ better than GVAL?
QQQ has a lower expense ratio. GVAL led over 1Y, 3Y and 5Y, QQQ over the full window. GVAL is less concentrated, with 23.8% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.