GCGIX vs. QQQ
Compare and contrast key facts about Goldman Sachs Large Cap Growth Insights Fund (GCGIX) and Invesco QQQ (QQQ).
GCGIX is managed by Goldman Sachs. It was launched on May 1, 1997. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GCGIX or QQQ.
Correlation
The correlation between GCGIX and QQQ is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GCGIX vs. QQQ - Performance Comparison
Key characteristics
GCGIX:
1.19
QQQ:
1.64
GCGIX:
1.49
QQQ:
2.19
GCGIX:
1.26
QQQ:
1.30
GCGIX:
0.51
QQQ:
2.16
GCGIX:
6.54
QQQ:
7.79
GCGIX:
3.71%
QQQ:
3.76%
GCGIX:
20.38%
QQQ:
17.85%
GCGIX:
-68.37%
QQQ:
-82.98%
GCGIX:
-34.33%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, GCGIX achieves a 23.02% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, GCGIX has underperformed QQQ with an annualized return of 4.58%, while QQQ has yielded a comparatively higher 18.36% annualized return.
GCGIX
23.02%
-7.63%
0.29%
22.97%
0.66%
4.58%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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GCGIX vs. QQQ - Expense Ratio Comparison
GCGIX has a 0.54% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GCGIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Large Cap Growth Insights Fund (GCGIX) and Invesco QQQ (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.
Dividends
GCGIX vs. QQQ - Dividend Comparison
GCGIX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCGIX Goldman Sachs Large Cap Growth Insights Fund | 0.00% | 0.08% | 0.48% | 0.22% | 0.27% | 0.69% | 0.76% | 0.59% | 0.76% | 0.87% | 0.96% | 1.03% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
GCGIX vs. QQQ - Drawdown Comparison
The maximum GCGIX drawdown since its inception was -68.37%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GCGIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GCGIX vs. QQQ - Volatility Comparison
Goldman Sachs Large Cap Growth Insights Fund (GCGIX) has a higher volatility of 12.63% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that GCGIX'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.