GXC vs QQQ
State Street SPDR S&P China ETF vs Invesco QQQ Trust, Series 1
Which is better, GXC 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. GXC is less concentrated, with 31.4% 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 | GXC | QQQ |
|---|---|---|
| Expense Ratio | 0.59% | 0.18%Best |
| AUM | $451M | $506.1B |
| Dividend Yield | 2.29% | 0.42% |
| Holdings | 1,375 | 321 |
| YTD Return | -14.95% | +19.30%Best |
| 1Y Return | -14.15% | +22.47%Best |
| 3Y Return (annualized) | +8.18% | +26.18%Best |
| 5Y Return (annualized) | -3.61% | +15.42%Best |
| Volatility (annualized) | 25.9% | 18.8%Best |
| Max Drawdown | -72.3% | -53.5%Best |
| $10,000 over 5 years | $8,321 | $20,484Best |
| Top 10 Weight | 31.4%Best | 46.7% |
| 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 |
Volatility and max drawdown are measured over the window both funds cover: Mar 23, 2007 to Oct 14, 2026 (19.6 years).
GXC 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.
GXC vs QQQ Performance
State Street SPDR S&P China ETF (GXC) 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 GXC returned -14.15% while QQQ returned +22.47%. Year to date, GXC is down 14.95% versus a gain of 19.30% for QQQ.
Over three years, GXC compounded at +8.18% per year against +26.18% for QQQ; over five years the annualized figures are -3.61% and +15.42% respectively. Across the full 20-year window we track, QQQ has the edge at +15.61% annualized vs +2.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GXC has been the more volatile fund, with annualized monthly volatility of 25.9% 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 -72.3% for GXC 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GXC charges 0.59% per year while QQQ charges 0.18%. On a $10,000 position that is $59 vs $18 annually, a gap of $41 per year that compounds over a long holding period. On income, GXC currently yields 2.29% against 0.42% for QQQ.
Holdings Overlap
1.8% of GXC's money is in holdings QQQ also owns. 0.2% of QQQ's money is in holdings GXC also owns.
GXC and QQQ share little of their money.
1 positions in common, counted across the 1,340 positions we hold weights for in GXC and 101 in QQQ, against full books of 1,375 and 321.
What only one of them owns
Our book lists 93 positions for QQQ that do not appear in our book for GXC (96.3% of the fund), and 21 for GXC that do not appear in QQQ (0.8%).
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 GXC | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IEPdd Holdings Inc. | 1.78% | 0.22% | 1.56% |
You are not choosing between two funds in isolation.
Whichever of GXC 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, GXC or QQQ?
GXC has an expense ratio of 0.59% while QQQ charges 0.18%. QQQ is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, GXC or QQQ?
Over the past year GXC returned -14.15% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (20 years), GXC annualized +2.96% vs +15.61% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GXC or QQQ?
GXC has been the more volatile fund at 25.9% annualized versus 18.8% for QQQ. Worst drawdown: GXC -72.3% vs QQQ -53.5%.
Should I hold both GXC and QQQ?
GXC and QQQ have a monthly-return correlation of 0.51, 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 GXC and QQQ?
1.8% of GXC's money is in holdings QQQ also owns. 0.2% of QQQ's is in holdings GXC also owns. They hold 1 positions in common, counted across the 1,340 positions we hold weights for in GXC and 101 in QQQ.
Which pays a higher dividend, GXC or QQQ?
GXC yields 2.29% while QQQ yields 0.42%, so GXC currently pays the higher dividend yield.
Is QQQ better than GXC?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. GXC is less concentrated, with 31.4% 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.