QQQM vs. GDE

Last updated Jun 14, 2026

QQQM (Invesco NASDAQ 100 ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while GDE is a Gold fund actively managed by WisdomTree. QQQM is passively managed, while GDE is actively managed. Over the past 3 years, QQQM returned 26.52%/yr vs 42.64%/yr for GDE. A 0.61 correlation means they provide meaningful diversification when combined. QQQM charges 0.15%/yr vs 0.20%/yr for GDE.

Performance

QQQM vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ 100 ETF (QQQM) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQM achieves a 17.59% return, which is significantly higher than GDE's 3.16% return.

QQQM

• 1D: 0.67%
• 1M: 1.75%
• YTD: 17.59%
• 6M: 17.91%
• 1Y: 37.64%
• 3Y*: 26.52%
• 5Y*: 16.94%
• 10Y*: —

GDE

• 1D: 0.67%
• 1M: -9.22%
• YTD: 3.16%
• 6M: 4.00%
• 1Y: 40.98%
• 3Y*: 42.64%
• 5Y*: —
• 10Y*: —

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

QQQM vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QQQM Invesco NASDAQ 100 ETF	17.59%	20.85%	25.68%	55.01%	-21.12%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.16%	73.76%	44.79%	33.85%	-8.58%

Correlation

The correlation between QQQM and GDE is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	0.61

The correlation between QQQM and GDE has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.

Return for Risk

QQQM vs. GDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQM

QQQM Risk / Return Rank: 72
QQQM Sharpe Ratio Rank: 76
QQQM Sortino Ratio Rank: 71
QQQM Omega Ratio Rank: 73
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 70

GDE

GDE Risk / Return Rank: 42
GDE Sharpe Ratio Rank: 45
GDE Sortino Ratio Rank: 39
GDE Omega Ratio Rank: 46
GDE Calmar Ratio Rank: 41
GDE Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQM vs. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) 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.

	QQQM	GDE	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.39	+0.72
Sortino ratio: Return per unit of downside risk	2.74	1.81	+0.93
Omega ratio: Gain probability vs. loss probability	1.37	1.26	+0.11
Calmar ratio: Return relative to maximum drawdown	3.02	1.83	+1.18
Martin ratio: Return relative to average drawdown	11.23	5.36	+5.87

QQQM vs. GDE - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 2.11, which is higher than the GDE Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of QQQM and GDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQM vs. GDE - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for QQQM and GDE.

Drawdown Indicators

	QQQM	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-32.01%	-3.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-22.66%	+10.70%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-22.66%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	—	—
Current Drawdown Current decline from peak	-3.33%	-16.53%	+13.20%
Average Drawdown Average peak-to-trough decline	-8.23%	-7.93%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	7.73%	-4.52%

Volatility

QQQM vs. GDE - Volatility Comparison

The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 7.45%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 10.77%. This indicates that QQQM experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQM	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	10.77%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	25.97%	-12.26%
Volatility (1Y) Calculated over the trailing 1-year period	17.11%	29.88%	-12.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.40%	27.09%	-4.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.22%	27.09%	-4.87%

QQQM vs. GDE - Expense Ratio Comparison

QQQM has a 0.15% 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

QQQM vs. GDE - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.43%, less than GDE's 4.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.19%	4.32%	7.14%	2.22%	0.81%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.43%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both QQQM and GDE in my portfolio?

QQQM and GDE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQM or GDE?

GDE has higher volatility (10.77%) compared to QQQM (7.45%). In terms of maximum drawdown, QQQM dropped -35.04% vs GDE's -32.01%.

Which ETF is better, QQQM or GDE?

On 3-year performance, GDE leads with 42.64% vs 26.52% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 7.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQM or GDE?

Over the 3-year period, GDE has performed better with a 42.64% return vs 26.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQM or GDE?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.20% for GDE.

Which ETF pays a higher dividend yield, QQQM or GDE?

GDE has the higher dividend yield at 4.19%, compared with 0.43% for QQQM.

What is the main difference between QQQM and GDE?

QQQM is categorized as Nasdaq-100, while GDE is Gold. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.15% for QQQM and 0.20% for GDE.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.11 vs 1.39), 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.