ETF Versus

IAU vs QQQ

iShares Gold Trust vs Invesco QQQ Trust

Last updated: 2026-04-10

IAU iShares

iShares Gold Trust (IAU) is an exchange-traded fund issued by iShares that provides exposure to gold securities. It charges a moderate expense ratio of 0.25%. Launched in 2005, the fund has a 21-year track record.

AUM: $73.9B ER: 0.25% Yield: N/A Since: Jan 21, 2005
QQQ Invesco

Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.46%. Launched in 1999, the fund has a 27-year track record.

AUM: $389.6B ER: 0.18% Yield: 0.46% Since: Mar 10, 1999

Quick Verdict

QQQ has a slightly lower expense ratio (0.18% vs 0.25%), saving about $137 per $10,000 over 10 years. Over the past year, IAU has significantly outperformed with a 50.0% return vs 37.0%.

Key Metrics

Metric IAU QQQ
Expense Ratio 0.25% 0.18%
Dividend Yield N/A 0.5%
Fund Family iShares Invesco
Category Gold US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

75 122 169 216 263 310 2021-04 2022-07 2023-10 2025-01 2026-04
IAU +171.9%
QQQ +81.6%

Performance Comparison

Period IAU QQQ Difference
1 Month -8.01% +0.58% -8.59%
3 Months +3.75% -2.54% +6.29%
6 Months +15.89% +1.53% +14.36%
YTD +10.02% -0.31% +10.33%
1 Year +50.03% +36.99% +13.04%
3 Years +136.21% +93.53% +42.68%
5 Years +171.92% +81.55% +90.37%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IAU Fees QQQ Fees You Save
$10,000 10 years $495 $357 $137
$10,000 20 years $2,111 $1,529 $582
$10,000 30 years $6,758 $4,912 $1,847
$50,000 10 years $2,473 $1,786 $687
$50,000 30 years $33,792 $24,558 $9,234
$100,000 30 years $67,584 $49,116 $18,468

Risk Metrics

Based on 5 years of daily returns

Metric IAU QQQ
Annualized Volatility 17.7% 22.4%
Max Drawdown -20.9% -35.6%
Sharpe Ratio 0.97 0.45

Dividend Comparison

Metric IAU QQQ
Annual Dividend (per share) $0.00 $2.81
Dividend Yield 0.00% 0.46%
Distribution Frequency None Quarterly

Top Holdings

QQQ Top Holdings

NameWeight
NVIDIA CorporationNVDA8.69%
Apple Inc.AAPL7.47%
Microsoft CorporationMSFT5.55%
Amazon.com, Inc.AMZN4.61%
Tesla, Inc.TSLA3.47%
Meta Platforms, Inc.META3.41%
Alphabet Inc.GOOG3.32%
Walmart Inc.WMT3.32%
Broadcom Inc.AVGO3.18%

Which One Should You Choose?

Choose QQQ if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose IAU if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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