GVAL vs QQQ
Cambria Global Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GVAL delivered stronger 1-year returns. GVAL offers more diversification with 121 holdings.
Side-by-Side Comparison
| Metric | GVAL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.66% | 0.18% | |
| AUM | $582M | $496.3B | |
| Dividend Yield | 2.38% | 0.44% | |
| Holdings | 121 | 108 | |
| YTD Return | +21.83% | +16.64% | |
| 1Y Return | +36.87% | +27.27% | |
| 3Y Return (annualized) | +29.25% | +25.96% | |
| 5Y Return (annualized) | +15.17% | +14.54% | |
| Volatility (annualized) | 18.8% | 30.6% | |
| Max Drawdown | -46.8% | -83.0% | |
| Fund Family | Cambria Investment Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 11, 2014 | Mar 10, 1999 |
GVAL vs QQQ Performance
Cambria Global Value ETF (GVAL) is a ETF from Cambria Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GVAL returned +36.87% while QQQ returned +27.27%. Year to date, GVAL is up 21.83% versus a gain of 16.64% for QQQ.
Over three years, GVAL compounded at +29.25% per year against +25.96% for QQQ; over five years the annualized figures are +15.17% and +14.54% respectively. Across the full 12-year window we track, QQQ has the edge at +13.03% annualized vs +7.12%. 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 18.8% for GVAL. 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 -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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.38% against 0.44% for QQQ.
Holdings Overlap
GVAL and QQQ share 0 holdings out of 215 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, GVAL or QQQ?
GVAL has an expense ratio of 0.66% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, GVAL or QQQ?
Over the past year GVAL returned +36.87% vs +27.27% for QQQ, so GVAL leads on 1-year performance. Over the longest common window we track (12 years), GVAL annualized +7.12% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GVAL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.8% for GVAL. Worst drawdown: GVAL -46.8% vs QQQ -83.0%.
Should I hold both GVAL and QQQ?
GVAL and QQQ have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GVAL and QQQ?
GVAL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 215 unique securities.
Which pays a higher dividend, GVAL or QQQ?
GVAL yields 2.38% while QQQ yields 0.44%, so GVAL currently pays the higher dividend yield.
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