ETF Versus

GLD vs QQQ

SPDR Gold Shares vs Invesco QQQ Trust

Last updated: 2026-04-02

GLD State Street

SPDR Gold Shares (GLD) is an exchange-traded fund issued by State Street that provides exposure to gold securities. It charges an above-average expense ratio of 0.40%. Launched in 2004, the fund has a 22-year track record.

AUM: $151.9B ER: 0.40% Yield: 0.00% Since: Nov 18, 2004
QQQ Invesco

Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.48%. Launched in 1999, the fund has a 27-year track record.

AUM: $363.1B ER: 0.18% Yield: 0.48% Since: Mar 10, 1999

Quick Verdict

QQQ is significantly cheaper at 0.18% vs 0.40% expense ratio, saving you approximately $429 per $10,000 invested over 10 years. Over the past year, GLD has significantly outperformed with a 52.3% return vs 23.6%.

Key Metrics

Metric GLD QQQ
Expense Ratio 0.40% 0.18%
Dividend Yield 0.0% 0.5%
Fund Family State Street Invesco
Category Gold US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

75 119 163 207 251 295 2021-04 2022-06 2023-09 2024-12 2026-04
GLD +170.4%
QQQ +76.5%

Performance Comparison

Period GLD QQQ Difference
1 Month -10.65% -3.91% -6.74%
3 Months +9.93% -4.70% +14.63%
6 Months +22.42% -3.13% +25.55%
YTD +9.93% -4.70% +14.63%
1 Year +52.25% +23.61% +28.64%
3 Years +137.25% +82.51% +54.74%
5 Years +170.39% +76.50% +93.89%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period GLD Fees QQQ Fees You Save
$10.000 10 years $786 $357 $429
$10.000 20 years $3.334 $1.529 $1.804
$10.000 30 years $10.601 $4.912 $5.689
$50.000 10 years $3.932 $1.786 $2.146
$50.000 30 years $53.003 $24.558 $28.445
$100.000 30 years $106.005 $49.116 $56.889

Risk Metrics

Based on 5 years of daily returns

Metric GLD QQQ
Annualized Volatility 17.8% 22.4%
Max Drawdown -21.0% -35.6%
Sharpe Ratio 0.96 0.42

Dividend Comparison

Metric GLD QQQ
Annual Dividend (per share) $0.00 $2.81
Dividend Yield 0.00% 0.48%
Distribution Frequency None Quarterly

Top Holdings

QQQ Top Holdings

NameWeight
NVIDIA CorporationNVDA8.55%
Apple Inc.AAPL7.67%
Microsoft CorporationMSFT5.56%
Amazon.com, Inc.AMZN4.49%
Tesla, Inc.TSLA3.79%
Walmart Inc.WMT3.48%
Meta Platforms, Inc.META3.26%
Alphabet Inc.GOOG3.13%
Broadcom Inc.AVGO2.99%

Which One Should You Choose?

Choose QQQ if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose GLD if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose QQQ if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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