GPZ vs QQQ
VanEck Alternative Asset Manager ETF vs Invesco QQQ Trust, Series 1
Which is better, GPZ or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 69.9%.
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 | GPZ | QQQ |
|---|---|---|
| Expense Ratio | 0.40% | 0.18%Best |
| AUM | $239M | $506.1B |
| Dividend Yield | 1.06% | 0.42% |
| Holdings | 42 | 321 |
| YTD Return | -25.26% | +19.30%Best |
| 1Y Return | -22.91% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 26.9% | 19.3%Best |
| Max Drawdown | -31.7% | -12.0%Best |
| $10,000 over 1.4 years | $8,276 | $14,133Best |
| Top 10 Weight | 69.9% | 46.7%Best |
| Fund Family | VanEck | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Jun 4, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Jun 5, 2025 to Oct 14, 2026 (1.4 years).
GPZ 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 1.4 years both funds cover.
GPZ vs QQQ Performance
VanEck Alternative Asset Manager ETF (GPZ) is an ETF from VanEck and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GPZ returned -22.91% while QQQ returned +22.47%. Year to date, GPZ is down 25.26% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GPZ has been the more volatile fund, with annualized monthly volatility of 26.9% compared with 19.3% 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 -31.7% for GPZ and -12.0% 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 0.18. They move largely independently of each other.
Fees and Cost Over Time
GPZ charges 0.40% per year while QQQ charges 0.18%. On a $10,000 position that is $40 vs $18 annually, a gap of $22 per year that compounds over a long holding period. On income, GPZ currently yields 1.06% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 20 holdings in GPZ and 101 in QQQ, totalling 99.7% and 99.6% 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 20 positions we hold weights for in GPZ and 101 in QQQ, against full books of 42 and 321.
What only one of them owns
Our book lists 93 positions for QQQ that do not appear in our book for GPZ (96.3% of the fund), and 11 for GPZ that do not appear in QQQ (61.0%).
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 GPZ 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, GPZ or QQQ?
GPZ has an expense ratio of 0.40% while QQQ charges 0.18%. QQQ is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, GPZ or QQQ?
Over the past year GPZ returned -22.91% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), GPZ annualized -12.64% vs +28.03% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPZ or QQQ?
GPZ has been the more volatile fund at 26.9% annualized versus 19.3% for QQQ. Worst drawdown: GPZ -31.7% vs QQQ -12.0%.
Should I hold both GPZ and QQQ?
GPZ and QQQ have a monthly-return correlation of 0.18, 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, GPZ or QQQ?
GPZ yields 1.06% while QQQ yields 0.42%, so GPZ currently pays the higher dividend yield.
Is QQQ better than GPZ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 69.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.