GVLE vs QQQ
Goldman Sachs Value Opportunities ETF vs Invesco QQQ Trust, Series 1
Which is better, GVLE or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. GVLE led over 1Y. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 50.5%.
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 | GVLE | QQQ |
|---|---|---|
| Expense Ratio | 0.45% | 0.18%Best |
| AUM | $40M | $437.3B |
| Dividend Yield | 0.97% | 0.43% |
| Holdings | 64 | 208 |
| YTD Return | +20.93%Best | +12.98% |
| 1Y Return | +26.96%Best | +11.59% |
| 3Y Return (annualized) | - | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Volatility (annualized) | 12.7%Best | 23.1% |
| Top 10 Weight | 50.5% | 46.9%Best |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Jul 31, 2015 | Mar 10, 1999 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
GVLE 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GVLE vs QQQ Performance
Goldman Sachs Value Opportunities ETF (GVLE) 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 GVLE returned +26.96% while QQQ returned +11.59%. Year to date, GVLE is up 20.93% 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 23.1% compared with 12.7% for GVLE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GVLE charges 0.45% per year while QQQ charges 0.18%. On a $10,000 position that is $45 vs $18 annually, a gap of $27 per year that compounds over a long holding period. On income, GVLE currently yields 0.97% against 0.43% for QQQ.
Holdings Overlap
30.6% of GVLE's money is in holdings QQQ also owns. 20.8% of QQQ's money is in holdings GVLE also owns.
The two portfolios partly overlap.
7 positions in common, counted across the 31 positions we hold weights for in GVLE and 101 in QQQ, against full books of 64 and 208.
What only one of them owns
Our book lists 87 positions for QQQ that do not appear in our book for GVLE (76.4% of the fund), and 23 for GVLE that do not appear in QQQ (63.9%).
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
30.6% of GVLE is already inside QQQ.
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, GVLE or QQQ?
GVLE has an expense ratio of 0.45% while QQQ charges 0.18%. QQQ is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, GVLE or QQQ?
Over the past year GVLE returned +26.96% vs +11.59% for QQQ, so GVLE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GVLE or QQQ?
QQQ has been the more volatile fund at 23.1% annualized versus 12.7% for GVLE.
Should I hold both GVLE and QQQ?
GVLE and QQQ have a monthly-return correlation of 0.60, 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 GVLE and QQQ?
30.6% of GVLE's money is in holdings QQQ also owns. 20.8% of QQQ's is in holdings GVLE also owns. They hold 7 positions in common, counted across the 31 positions we hold weights for in GVLE and 101 in QQQ.
Which pays a higher dividend, GVLE or QQQ?
GVLE yields 0.97% while QQQ yields 0.43%, so GVLE currently pays the higher dividend yield.
Is QQQ better than GVLE?
QQQ has a lower expense ratio. GVLE led over 1Y. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 50.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.