GTO vs QQQ
Invesco Total Return Bond ETF vs Invesco QQQ Trust, Series 1
Which is better, GTO or QQQ?
QQQ has been ahead.
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 | GTO | QQQ |
|---|---|---|
| Expense Ratio | 0.25% | 0.18%Best |
| AUM | $2.5B | $506.1B |
| Dividend Yield | 5.02% | 0.42% |
| Holdings | 1,857 | 321 |
| YTD Return | -1.99% | +19.30%Best |
| 1Y Return | -1.55% | +22.47%Best |
| 3Y Return (annualized) | +5.17% | +26.18%Best |
| 5Y Return (annualized) | -0.58% | +15.42%Best |
| Volatility (annualized) | 5.7%Best | 18.7% |
| Max Drawdown | -21.1%Best | -35.1% |
| $10,000 over 5 years | $9,713 | $20,484Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Growth |
| Inception | Feb 10, 2016 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 10, 2016 to Oct 14, 2026 (10.7 years).
GTO 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.
GTO vs QQQ Performance
Invesco Total Return Bond ETF (GTO) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GTO returned -1.55% while QQQ returned +22.47%. Year to date, GTO is down 1.99% versus a gain of 19.30% for QQQ.
Over three years, GTO compounded at +5.17% per year against +26.18% for QQQ; over five years the annualized figures are -0.58% and +15.42% respectively. Across the full 11-year window we track, QQQ has the edge at +21.21% annualized vs +1.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 5.7% for GTO. 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 -21.1% for GTO and -35.1% 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 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GTO charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, GTO currently yields 5.02% against 0.42% for QQQ.
Holdings Overlap
At least 3.0% of QQQ's money is in holdings GTO also owns.
Stated as a floor: for GTO, our book for it covers 35.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
QQQ and GTO share little of their money.
1 positions in common, counted across the 522 positions we hold weights for in GTO and 101 in QQQ, against full books of 1,857 and 321.
Top Shared Holdings
| Stock | Weight in GTO | Weight in QQQ | Difference |
|---|---|---|---|
| GOOGLAlphabet Inc-cl A | 0.06% | 3.05% | 2.99% |
You are not choosing between two funds in isolation.
Whichever of GTO 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, GTO or QQQ?
GTO has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, GTO or QQQ?
Over the past year GTO returned -1.55% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), GTO annualized +1.02% vs +21.21% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GTO or QQQ?
QQQ has been the more volatile fund at 18.7% annualized versus 5.7% for GTO. Worst drawdown: GTO -21.1% vs QQQ -35.1%.
Should I hold both GTO and QQQ?
GTO and QQQ have a monthly-return correlation of 0.55, 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 GTO and QQQ?
At least 3.0% of QQQ's money is in holdings GTO also owns. Our book for GTO is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 522 positions we hold weights for in GTO and 101 in QQQ.
Which pays a higher dividend, GTO or QQQ?
GTO yields 5.02% while QQQ yields 0.42%, so GTO currently pays the higher dividend yield.
Is QQQ better than GTO?
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.