GMF vs QQQ
State Street SPDR S&P Emerging Asia Pacific ETF vs Invesco QQQ Trust, Series 1
Which is better, GMF or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
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 | GMF | QQQ |
|---|---|---|
| Expense Ratio | 0.49% | 0.18%Best |
| AUM | $405M | $506.1B |
| Dividend Yield | 1.18% | 0.42% |
| Holdings | 1,290 | 321 |
| YTD Return | +8.04% | +19.30%Best |
| 1Y Return | +12.98% | +22.47%Best |
| 3Y Return (annualized) | +17.91% | +26.18%Best |
| 5Y Return (annualized) | +5.92% | +15.42%Best |
| Volatility (annualized) | 20.7% | 18.8%Best |
| Max Drawdown | -67.6% | -53.5%Best |
| $10,000 over 5 years | $13,332 | $20,484Best |
| Fund Family | State Street Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Mar 19, 2007 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 23, 2007 to Oct 14, 2026 (19.6 years).
GMF 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 19.6 years both funds cover.
GMF vs QQQ Performance
State Street SPDR S&P Emerging Asia Pacific ETF (GMF) is an ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GMF returned +12.98% while QQQ returned +22.47%. Year to date, GMF is up 8.04% versus a gain of 19.30% for QQQ.
Over three years, GMF compounded at +17.91% per year against +26.18% for QQQ; over five years the annualized figures are +5.92% and +15.42% respectively. Across the full 20-year window we track, QQQ has the edge at +15.61% annualized vs +5.32%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GMF has been the more volatile fund, with annualized monthly volatility of 20.7% compared with 18.8% 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 -67.6% for GMF and -53.5% 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GMF charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, GMF currently yields 1.18% against 0.42% for QQQ.
Holdings Overlap
At least 0.2% of QQQ's money is in holdings GMF also owns.
Stated as a floor: for GMF, our book for it covers 88.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 1,284 positions we hold weights for in GMF and 101 in QQQ, against full books of 1,290 and 321.
Top Shared Holdings
| Stock | Weight in GMF | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IEPdd Holdings Inc. | 0.55% | 0.22% | 0.33% |
You are not choosing between two funds in isolation.
Whichever of GMF 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, GMF or QQQ?
GMF has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, GMF or QQQ?
Over the past year GMF returned +12.98% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), GMF annualized +5.32% vs +15.61% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GMF or QQQ?
GMF has been the more volatile fund at 20.7% annualized versus 18.8% for QQQ. Worst drawdown: GMF -67.6% vs QQQ -53.5%.
Should I hold both GMF and QQQ?
GMF and QQQ have a monthly-return correlation of 0.69, 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, GMF or QQQ?
GMF yields 1.18% while QQQ yields 0.42%, so GMF currently pays the higher dividend yield.
Is QQQ better than GMF?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.