PQUS vs SPY
PQUS vs SPY
Pictet AI Enhanced US Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | PQUS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.09% | |
| AUM | $76M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 170 | 505 | |
| YTD Return | +13.58% | +13.50% | |
| 1Y Return | - | +23.56% | |
| 3Y Return (annualized) | - | +21.17% | |
| 5Y Return (annualized) | - | +13.46% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -7.2% | -56.5% | |
| Fund Family | Pictet Asset Management Ltd. (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 25, 2026 | Jan 22, 1993 |
PQUS vs SPY Performance
Pictet AI Enhanced US Equity ETF (PQUS) is a ETF from Pictet Asset Management Ltd. (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, PQUS is up 13.58% versus a gain of 13.50% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -7.2% for PQUS and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
PQUS charges 0.22% per year while SPY charges 0.09%. On a $10,000 position that is $22 vs $9 annually, a gap of $13 per year that compounds over a long holding period. On income, PQUS currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
PQUS and SPY share 158 holdings out of 505 unique holdings combined, representing a 67.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in PQUS | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 7.76% | 7.31% | 0.45% |
| AAPL | 7.28% | 7.09% | 0.19% |
| MSFT | 4.44% | 4.43% | 0.01% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings PQUS shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, PQUS or SPY?
PQUS has an expense ratio of 0.22% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
What is the holdings overlap between PQUS and SPY?
PQUS and SPY share 158 common holdings with a 67.2% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, PQUS or SPY?
PQUS yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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