CGGO vs QQQ
Capital Group Global Growth Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, CGGO or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. CGGO is less concentrated, with 34.9% of the fund in its ten largest positions against 46.7%.
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 | CGGO | QQQ |
|---|---|---|
| Expense Ratio | 0.47% | 0.18%Best |
| AUM | $11.9B | $506.1B |
| Dividend Yield | 1.00% | 0.42% |
| Holdings | 106 | 321 |
| YTD Return | +8.88% | +19.30%Best |
| 1Y Return | +12.88% | +22.47%Best |
| 3Y Return (annualized) | +19.50% | +26.18%Best |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 17.5%Best | 20.7% |
| Max Drawdown | -24.9%Best | -29.6% |
| $10,000 over 4.6 years | $16,404 | $21,900Best |
| Top 10 Weight | 34.9%Best | 46.7% |
| Fund Family | Capital Group (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 22, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 24, 2022 to Oct 14, 2026 (4.6 years).
CGGO 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 4.6 years both funds cover.
CGGO vs QQQ Performance
Capital Group Global Growth Equity ETF (CGGO) is an ETF from Capital Group (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CGGO returned +12.88% while QQQ returned +22.47%. Year to date, CGGO is up 8.88% versus a gain of 19.30% for QQQ.
Over three years, CGGO compounded at +19.50% per year against +26.18% 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 20.7% compared with 17.5% for CGGO. 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 -24.9% for CGGO and -29.6% 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGGO charges 0.47% per year while QQQ charges 0.18%. On a $10,000 position that is $47 vs $18 annually, a gap of $29 per year that compounds over a long holding period. On income, CGGO currently yields 1.00% against 0.42% for QQQ.
Holdings Overlap
32.3% of CGGO's money is in holdings QQQ also owns. 51.7% of QQQ's money is in holdings CGGO also owns.
The two portfolios partly overlap.
22 positions in common, counted across the 100 positions we hold weights for in CGGO and 101 in QQQ, against full books of 106 and 321.
What only one of them owns
Our book lists 73 positions for QQQ that do not appear in our book for CGGO (46.3% of the fund), and 29 for CGGO that do not appear in QQQ (22.4%).
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 CGGO | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.29% | 8.33% | 7.04% |
| MUMicron Technology, Inc. | 3.49% | 5.02% | 1.53% |
| MSFTMicrosoft Corp | 2.75% | 5.76% | 3.01% |
| AAPLApple, Inc | 1.14% | 7.35% | 6.21% |
| AMZNAmazon.Com Inc | 2.38% | 4.07% | 1.69% |
| GOOGLAlphabet Inc | 3.39% | 3.05% | 0.34% |
| AVGOBroadcom Inc | 3.44% | 2.53% | 0.91% |
| METAMeta Platforms Inc | 1.62% | 3.26% | 1.64% |
| INTCIntel Corporation | 1.30% | 2.64% | 1.34% |
| WDCWestern Digital Corp. | 2.57% | 0.68% | 1.89% |
51.7% of QQQ is already inside CGGO.
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, CGGO or QQQ?
CGGO has an expense ratio of 0.47% while QQQ charges 0.18%. QQQ is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, CGGO or QQQ?
Over the past year CGGO returned +12.88% vs +22.47% 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, CGGO or QQQ?
QQQ has been the more volatile fund at 20.7% annualized versus 17.5% for CGGO. Worst drawdown: CGGO -24.9% vs QQQ -29.6%.
Should I hold both CGGO and QQQ?
CGGO and QQQ have a monthly-return correlation of 0.89, 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 CGGO and QQQ?
51.7% of QQQ's money is in holdings CGGO also owns. 51.7% of QQQ's is in holdings CGGO also owns. They hold 22 positions in common, counted across the 100 positions we hold weights for in CGGO and 101 in QQQ.
Which pays a higher dividend, CGGO or QQQ?
CGGO yields 1.00% while QQQ yields 0.42%, so CGGO currently pays the higher dividend yield.
Is QQQ better than CGGO?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. CGGO is less concentrated, with 34.9% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.