GBRE.L vs. QQQ
Compare and contrast key facts about SPDR® Dow Jones Global Real Estate UCITS ETF (GBRE.L) and Invesco QQQ ETF (QQQ).
GBRE.L and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBRE.L is a passively managed fund by State Street that tracks the performance of the FTSE EPRA Nareit Global TR USD. It was launched on Oct 23, 2012. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both GBRE.L and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GBRE.L vs. QQQ - Performance Comparison
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GBRE.L vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBRE.L SPDR® Dow Jones Global Real Estate UCITS ETF | 3.46% | 1.33% | 0.96% | 5.25% | -16.29% | 32.07% | -13.82% | 16.79% | -0.14% | 0.04% |
QQQ Invesco QQQ ETF | -3.19% | 12.17% | 27.77% | 47.12% | -24.56% | 28.63% | 44.26% | 33.67% | 5.80% | 21.19% |
Different Trading Currencies
GBRE.L is traded in GBP, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GBRE.L achieves a 3.46% return, which is significantly higher than QQQ's -3.19% return. Over the past 10 years, GBRE.L has underperformed QQQ with an annualized return of 3.47%, while QQQ has yielded a comparatively higher 19.92% annualized return.
GBRE.L
- 1D
- -23.91%
- 1M
- -3.85%
- YTD
- 3.46%
- 6M
- 3.88%
- 1Y
- 5.05%
- 3Y*
- 4.19%
- 5Y*
- 2.98%
- 10Y*
- 3.47%
QQQ
- 1D
- 0.00%
- 1M
- -2.00%
- YTD
- -3.19%
- 6M
- -1.95%
- 1Y
- 20.93%
- 3Y*
- 20.28%
- 5Y*
- 14.12%
- 10Y*
- 19.92%
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GBRE.L vs. QQQ - Expense Ratio Comparison
GBRE.L has a 0.40% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
GBRE.L vs. QQQ — Risk / Return Rank
GBRE.L
QQQ
GBRE.L vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® Dow Jones Global Real Estate UCITS ETF (GBRE.L) and Invesco QQQ ETF (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GBRE.L | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 0.92 | -0.80 |
Sortino ratioReturn per unit of downside risk | 0.54 | 1.44 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.77 | -1.45 |
Martin ratioReturn relative to average drawdown | 2.75 | 4.94 | -2.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GBRE.L | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 0.92 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.67 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.90 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.82 | -0.53 |
Correlation
The correlation between GBRE.L and QQQ is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GBRE.L vs. QQQ - Dividend Comparison
GBRE.L's dividend yield for the trailing twelve months is around 0.77%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBRE.L SPDR® Dow Jones Global Real Estate UCITS ETF | 0.77% | 1.45% | 2.73% | 2.66% | 2.84% | 1.79% | 2.76% | 3.25% | 4.30% | 3.99% | 2.40% | 2.09% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
GBRE.L vs. QQQ - Drawdown Comparison
The maximum GBRE.L drawdown since its inception was -35.15%, roughly equal to the maximum QQQ drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for GBRE.L and QQQ.
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Drawdown Indicators
| GBRE.L | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.15% | -82.97% | +47.82% |
Max Drawdown (1Y)Largest decline over 1 year | -23.91% | -11.96% | -11.95% |
Max Drawdown (5Y)Largest decline over 5 years | -27.39% | -35.12% | +7.73% |
Max Drawdown (10Y)Largest decline over 10 years | -35.15% | -35.12% | -0.03% |
Current DrawdownCurrent decline from peak | -23.91% | -7.75% | -16.16% |
Average DrawdownAverage peak-to-trough decline | -10.02% | -32.98% | +22.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.48% | -0.64% |
Volatility
GBRE.L vs. QQQ - Volatility Comparison
SPDR® Dow Jones Global Real Estate UCITS ETF (GBRE.L) has a higher volatility of 41.41% compared to Invesco QQQ ETF (QQQ) at 5.52%. This indicates that GBRE.L's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBRE.L | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.41% | 5.52% | +35.89% |
Volatility (6M)Calculated over the trailing 6-month period | 41.19% | 12.51% | +28.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.88% | 22.93% | +20.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.58% | 21.16% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 22.22% | -1.47% |