GXDW vs QQQ
Global X Dorsey Wright Thematic ETF vs Invesco QQQ Trust, Series 1
Which is better, GXDW 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 | GXDW | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $6M | $506.1B |
| Dividend Yield | 1.44% | 0.42% |
| Holdings | 7 | 321 |
| YTD Return | -3.16% | +19.30%Best |
| 1Y Return | -14.73% | +22.47%Best |
| 3Y Return (annualized) | +2.95% | +26.18%Best |
| 5Y Return (annualized) | -12.68% | +15.42%Best |
| Volatility (annualized) | 28.2% | 20.7%Best |
| Max Drawdown | -67.8% | -35.1%Best |
| $10,000 over 5 years | $5,077 | $20,484Best |
| Top 10 Weight | - | 46.7% |
| Fund Family | Global X by mirae Asset | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Oct 25, 2019 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 4, 2019 to Oct 14, 2026 (6.9 years).
GXDW 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 6.9 years both funds cover.
GXDW vs QQQ Performance
Global X Dorsey Wright Thematic ETF (GXDW) is an ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GXDW returned -14.73% while QQQ returned +22.47%. Year to date, GXDW is down 3.16% versus a gain of 19.30% for QQQ.
Over three years, GXDW compounded at +2.95% per year against +26.18% for QQQ; over five years the annualized figures are -12.68% and +15.42% respectively. Across the full 7-year window we track, QQQ has the edge at +21.05% annualized vs -0.14%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GXDW has been the more volatile fund, with annualized monthly volatility of 28.2% compared with 20.7% 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 -67.8% for GXDW 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GXDW charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, GXDW currently yields 1.44% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 5 holdings in GXDW and 101 in QQQ, totalling 100.0% 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 5 positions we hold weights for in GXDW and 101 in QQQ, against full books of 7 and 321.
What only one of them owns
Our book lists 93 positions for QQQ that do not appear in our book for GXDW (96.3% of the fund), and 5 for GXDW that do not appear in QQQ (100.0%).
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 GXDW 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, GXDW or QQQ?
GXDW has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, GXDW or QQQ?
Over the past year GXDW returned -14.73% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), GXDW annualized -0.14% vs +21.05% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GXDW or QQQ?
GXDW has been the more volatile fund at 28.2% annualized versus 20.7% for QQQ. Worst drawdown: GXDW -67.8% vs QQQ -35.1%.
Should I hold both GXDW and QQQ?
GXDW and QQQ have a monthly-return correlation of 0.82, 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, GXDW or QQQ?
GXDW yields 1.44% while QQQ yields 0.42%, so GXDW currently pays the higher dividend yield.
Is QQQ better than GXDW?
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.