GSSQX vs. QQQ
Compare and contrast key facts about Goldman Sachs U.S. Equity Insights Fund (GSSQX) and Invesco QQQ (QQQ).
GSSQX is managed by Goldman Sachs. It was launched on May 24, 1991. 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: GSSQX or QQQ.
Correlation
The correlation between GSSQX and QQQ is 0.87, 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
GSSQX vs. QQQ - Performance Comparison
Key characteristics
GSSQX:
-0.20
QQQ:
0.48
GSSQX:
-0.10
QQQ:
0.83
GSSQX:
0.98
QQQ:
1.12
GSSQX:
-0.16
QQQ:
0.53
GSSQX:
-0.41
QQQ:
1.76
GSSQX:
11.84%
QQQ:
6.79%
GSSQX:
24.37%
QQQ:
25.19%
GSSQX:
-62.03%
QQQ:
-82.98%
GSSQX:
-22.04%
QQQ:
-10.59%
Returns By Period
In the year-to-date period, GSSQX achieves a -7.07% return, which is significantly lower than QQQ's -5.64% return. Over the past 10 years, GSSQX has underperformed QQQ with an annualized return of 3.98%, while QQQ has yielded a comparatively higher 16.95% annualized return.
GSSQX
-7.07%
-0.58%
-15.68%
-3.00%
5.29%
3.98%
QQQ
-5.64%
1.90%
-0.14%
14.97%
18.56%
16.95%
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GSSQX vs. QQQ - Expense Ratio Comparison
GSSQX has a 0.92% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
GSSQX vs. QQQ — Risk-Adjusted Performance Rank
GSSQX
QQQ
GSSQX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs U.S. Equity Insights Fund (GSSQX) 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
GSSQX vs. QQQ - Dividend Comparison
GSSQX's dividend yield for the trailing twelve months is around 0.20%, less than QQQ's 0.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSSQX Goldman Sachs U.S. Equity Insights Fund | 0.20% | 0.19% | 0.38% | 0.73% | 0.42% | 0.48% | 1.37% | 0.40% | 0.97% | 0.73% | 0.98% | 0.71% |
QQQ Invesco QQQ | 0.62% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
GSSQX vs. QQQ - Drawdown Comparison
The maximum GSSQX drawdown since its inception was -62.03%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for GSSQX and QQQ. For additional features, visit the drawdowns tool.
Volatility
GSSQX vs. QQQ - Volatility Comparison
The current volatility for Goldman Sachs U.S. Equity Insights Fund (GSSQX) is 14.50%, while Invesco QQQ (QQQ) has a volatility of 16.67%. This indicates that GSSQX 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.