GCGIX vs. QQQ
GCGIX (Goldman Sachs Large Cap Growth Insights Fund) and QQQ (Invesco QQQ ETF) are both funds - GCGIX is a Large Cap Growth Equities fund managed by Goldman Sachs, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, GCGIX returned 17.74%/yr vs 22.48%/yr for QQQ. Their correlation of 0.92 suggests significant overlap in exposure. GCGIX charges 0.54%/yr vs 0.18%/yr for QQQ.
Performance
GCGIX vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, GCGIX achieves a 1.72% return, which is significantly lower than QQQ's 20.41% return. Over the past 10 years, GCGIX has underperformed QQQ with an annualized return of 17.74%, while QQQ has yielded a comparatively higher 22.48% annualized return.
GCGIX
- 1D
- 1.25%
- 1M
- -1.79%
- YTD
- 1.72%
- 6M
- 0.84%
- 1Y
- 19.26%
- 3Y*
- 25.50%
- 5Y*
- 15.14%
- 10Y*
- 17.74%
QQQ
- 1D
- -0.25%
- 1M
- 2.96%
- YTD
- 20.41%
- 6M
- 19.46%
- 1Y
- 40.91%
- 3Y*
- 27.47%
- 5Y*
- 16.94%
- 10Y*
- 22.48%
GCGIX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCGIX Goldman Sachs Large Cap Growth Insights Fund | 1.72% | 15.51% | 53.44% | 37.56% | -29.62% | 29.10% | 32.21% | 29.70% | -4.58% | 29.75% |
QQQ Invesco QQQ ETF | 20.41% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between GCGIX and QQQ is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.92 |
The correlation between GCGIX and QQQ has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
GCGIX vs. QQQ — Risk / Return Rank
GCGIX
QQQ
GCGIX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Large Cap Growth Insights Fund (GCGIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GCGIX | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.44 | -2.35 |
| Martin ratioReturn relative to average drawdown | 3.50 | 12.79 | -9.29 |
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Drawdowns
GCGIX vs. QQQ - Drawdown Comparison
The maximum GCGIX drawdown since its inception was -65.78%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for GCGIX and QQQ.
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Drawdown Indicators
| GCGIX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.78% | -82.97% | +17.19% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -11.96% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -25.10% | -22.77% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -32.57% | -35.12% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -32.94% | -35.12% | +2.18% |
Current DrawdownCurrent decline from peak | -4.49% | -0.99% | -3.50% |
Average DrawdownAverage peak-to-trough decline | -20.80% | -32.73% | +11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 3.21% | +2.14% |
Volatility
GCGIX vs. QQQ - Volatility Comparison
The current volatility for Goldman Sachs Large Cap Growth Insights Fund (GCGIX) is 5.67%, while Invesco QQQ ETF (QQQ) has a volatility of 8.47%. This indicates that GCGIX experiences smaller price fluctuations and is considered to be less risky 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
| GCGIX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 8.47% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.76% | 14.20% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.31% | 17.67% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 22.64% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 22.43% | -0.83% |
GCGIX vs. QQQ - Expense Ratio Comparison
GCGIX has a 0.54% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
GCGIX vs. QQQ - Dividend Comparison
GCGIX's dividend yield for the trailing twelve months is around 7.37%, more than QQQ's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCGIX Goldman Sachs Large Cap Growth Insights Fund | 7.37% | 7.50% | 23.16% | 7.08% | 19.27% | 42.43% | 9.71% | 4.02% | 10.10% | 4.76% | 0.76% | 0.87% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
With a correlation of 0.93, GCGIX and QQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
QQQ has higher volatility (8.47%) compared to GCGIX (5.67%). In terms of maximum drawdown, GCGIX dropped -65.78% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (2.33 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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