GFOF vs. QQQ

Last updated Aug 2, 2026

GFOF (Grayscale Future of Finance ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Their 0.50 correlation means they have sometimes moved together and sometimes differently. GFOF charges 0.70%/yr vs 0.18%/yr for QQQ.

Performance

GFOF vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Future of Finance ETF (GFOF) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GFOF

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QQQ

• 1D: 0.65%
• 1M: -3.45%
• 6M: 10.89%
• YTD: 12.26%
• 1Y: 24.81%
• 3Y*: 22.29%
• 5Y*: 14.23%
• 10Y*: 20.44%
• ALL TIME*: 10.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQ Invesco QQQ ETF	$30.32B	$28.40B	$31.45B

GFOF vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	60.08%	145.49%	-69.18%
QQQ Invesco QQQ ETF	12.26%	20.77%	25.58%	54.86%	-26.61%

Correlation

The correlation between GFOF and QQQ is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022	0.50

The correlation between GFOF and QQQ shifts across timeframes, from 0.29 (3 years) to 0.50 (all time), reflecting how their relationship changes across market environments.

GFOF vs. QQQ - Sectors Allocation Comparison

Sectors	GFOF	QQQ
Financial Services	49.1%	0.2%
Technology	31.0%	60.9%
Healthcare	8.5%	3.6%
Industrials	3.4%	2.7%
Basic Materials	-	1.0%
Communication Services	-	13.1%
Consumer Cyclical	-	10.7%
Consumer Defensive	-	6.3%
Energy	-	0.5%
Real Estate	-	0.1%
Utilities	-	1.1%

Return for Risk

GFOF vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GFOF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQ

QQQ Risk / Return Rank: 49
QQQ Sharpe Ratio Rank: 47
QQQ Sortino Ratio Rank: 46
QQQ Omega Ratio Rank: 45
QQQ Calmar Ratio Rank: 53
QQQ Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GFOF vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Future of Finance ETF (GFOF) 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.

	GFOF	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.16	—
Sortino ratio: Return per unit of downside risk	—	1.65	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.88	—
Martin ratio: Return relative to average drawdown	—	6.00	—

Drawdowns

Drawdown Indicators

	GFOF	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-82.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	—	-7.69%	—
Average Drawdown Average peak-to-trough decline	—	-32.62%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.74%	—

Volatility

Volatility by Period

	GFOF	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.38%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.90%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.50%	—

GFOF vs. QQQ - Expense Ratio Comparison

GFOF has a 0.70% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

GFOF vs. QQQ - Dividend Comparison

GFOF has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.44%	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

Can I hold both GFOF and QQQ in my portfolio?

GFOF and QQQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GFOF or QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GFOF or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.70% for GFOF.

Which ETF pays a higher dividend yield, GFOF or QQQ?

QQQ has the higher dividend yield at 0.44%, compared with 0.00% for GFOF.

What is the main difference between GFOF and QQQ?

GFOF is categorized as Blockchain, while QQQ is Nasdaq-100. GFOF tracks Bloomberg Grayscale Future of Finance Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Grayscale and Invesco. Their fees differ too: 0.70% for GFOF and 0.18% for QQQ.