QQQ vs. GDE
QQQ (Invesco QQQ ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while GDE is a Gold fund actively managed by WisdomTree. QQQ is passively managed, while GDE is actively managed. Over the past 3 years, QQQ returned 23.54%/yr vs 39.14%/yr for GDE. A 0.61 correlation means they provide meaningful diversification when combined. QQQ charges 0.18%/yr vs 0.20%/yr for GDE.
Performance
QQQ vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 13.58% return, which is significantly higher than GDE's -1.30% return.
QQQ
- 1D
- 0.10%
- 1M
- -5.91%
- 6M
- 12.30%
- YTD
- 13.58%
- 1Y
- 24.61%
- 3Y*
- 23.54%
- 5Y*
- 14.68%
- 10Y*
- 20.72%
- ALL TIME*
- 10.70%
GDE
- 1D
- -0.20%
- 1M
- -4.95%
- 6M
- -7.43%
- YTD
- -1.30%
- 1Y
- 32.45%
- 3Y*
- 39.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.17%
QQQ vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 13.58% | 20.77% | 25.58% | 54.86% | -21.18% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | -1.30% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between QQQ and GDE is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.61 |
The correlation between QQQ and GDE has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.
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Return for Risk
QQQ vs. GDE — Risk / Return Rank
QQQ
GDE
QQQ vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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.
| QQQ | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.44 | +0.63 |
| Martin ratioReturn relative to average drawdown | 7.22 | 3.38 | +3.84 |
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Drawdowns
QQQ vs. GDE - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for QQQ and GDE.
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Drawdown Indicators
| QQQ | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -32.01% | -50.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -22.66% | +10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -22.66% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | — | — |
Current DrawdownCurrent decline from peak | -6.61% | -20.14% | +13.53% |
Average DrawdownAverage peak-to-trough decline | -32.65% | -8.16% | -24.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 9.62% | -6.20% |
Volatility
QQQ vs. GDE - Volatility Comparison
Invesco QQQ ETF (QQQ) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) have volatilities of 7.41% and 7.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 7.43% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 26.34% | -10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 30.85% | -12.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 27.10% | -4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.45% | 27.10% | -4.65% |
QQQ vs. GDE - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than GDE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QQQ vs. GDE - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.44%, less than GDE's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.38% | 4.32% | 7.14% | 2.22% | 0.81% | 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
QQQ and GDE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (7.43%) compared to QQQ (7.41%). In terms of maximum drawdown, QQQ dropped -82.97% vs GDE's -32.01%.
On 3-year performance, GDE leads with 39.14% vs 23.54% for QQQ. On fees, QQQ is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 39.14% return vs 23.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.20% for GDE.
GDE has the higher dividend yield at 4.38%, compared with 0.44% for QQQ.
QQQ is categorized as Nasdaq-100, while GDE is Gold. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.18% for QQQ and 0.20% for GDE.
QQQ currently has the higher Sharpe Ratio (1.32 vs 1.06), 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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