GFLW vs QQQ

Quick Verdict

QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.

Lower Fees: QQQHigher Returns: QQQMore Diversified: QQQ

Side-by-Side Comparison

MetricGFLWQQQWinner
Expense Ratio0.39%0.18%
AUM$880M$455.8B
Dividend Yield0.01%0.41%
Holdings102108
YTD Return+13.03%+12.48%
1Y Return+19.53%+22.35%
3Y Return (annualized)-+22.30%
5Y Return (annualized)-+14.24%
Volatility (annualized)19.8%30.6%
Max Drawdown-24.1%-83.0%
Fund FamilyVictory Capital Management Inc.Invesco (US)
CategoryEquityEquity
InceptionDec 3, 2024Mar 10, 1999

GFLW vs QQQ Performance

VictoryShares Free Cash Flow Growth ETF (GFLW) is a ETF from Victory Capital Management Inc. and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GFLW returned +19.53% while QQQ returned +22.35%. Year to date, GFLW is up 13.03% versus a gain of 12.48% for QQQ.

Risk: Volatility and Drawdowns

QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 19.8% for GFLW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -24.1% for GFLW and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

GFLW charges 0.39% per year while QQQ charges 0.18%. On a $10,000 position that is $39 vs $18 annually, a gap of $21 per year that compounds over a long holding period. On income, GFLW currently yields 0.01% against 0.41% for QQQ.

Holdings Overlap

21.9%overlap

GFLW and QQQ share 29 holdings out of 174 unique holdings combined, representing a 21.9% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in GFLWWeight in QQQDifference
NVDA3.68%7.88%4.20%
AVGO2.42%2.91%0.49%
AMAT2.41%2.02%0.39%
LRCXProProPro
SNDKProProPro
KLACProProPro
PANWProProPro
BKNGProProPro
PLTRProProPro
MARProProPro
See all 10 holdings GFLW shares with QQQ
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, GFLW or QQQ?

GFLW has an expense ratio of 0.39% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.

Which performed better, GFLW or QQQ?

Over the past year GFLW returned +19.53% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), GFLW annualized +15.20% vs +12.91% for QQQ. Past performance does not guarantee future results.

Which is riskier, GFLW or QQQ?

QQQ has been the more volatile fund at 30.6% annualized versus 19.8% for GFLW. Worst drawdown: GFLW -24.1% vs QQQ -83.0%.

Should I hold both GFLW and QQQ?

GFLW and QQQ have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between GFLW and QQQ?

GFLW and QQQ share 29 common holdings with a 21.9% weight overlap. Combined, they hold 174 unique securities.

Which pays a higher dividend, GFLW or QQQ?

GFLW yields 0.01% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.

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