PRIV vs QQQ
PRIV vs QQQ
State Street IG Public & Private Credit ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. PRIV offers more diversification with 159 holdings.
Side-by-Side Comparison
| Metric | PRIV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.18% | |
| AUM | $837M | $455.8B | |
| Dividend Yield | 4.58% | 0.41% | |
| Holdings | 201 | 108 | |
| YTD Return | -0.24% | +12.48% | |
| 1Y Return | +3.32% | +22.35% | |
| 3Y Return (annualized) | - | +22.30% | |
| 5Y Return (annualized) | - | +14.24% | |
| Volatility (annualized) | 3.2% | 30.6% | |
| Max Drawdown | -2.8% | -83.0% | |
| Fund Family | SPDR State Street Global Advisors | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 26, 2025 | Mar 10, 1999 |
PRIV vs QQQ Performance
State Street IG Public & Private Credit ETF (PRIV) is a ETF from SPDR State Street Global Advisors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PRIV returned +3.32% while QQQ returned +22.35%. Year to date, PRIV is down 0.24% 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 3.2% for PRIV. 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 -2.8% for PRIV 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PRIV charges 0.55% per year while QQQ charges 0.18%. On a $10,000 position that is $55 vs $18 annually, a gap of $37 per year that compounds over a long holding period. On income, PRIV currently yields 4.58% against 0.41% for QQQ.
Holdings Overlap
PRIV and QQQ share 0 holdings out of 262 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PRIV or QQQ?
PRIV has an expense ratio of 0.55% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, PRIV or QQQ?
Over the past year PRIV returned +3.32% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), PRIV annualized +3.38% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, PRIV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 3.2% for PRIV. Worst drawdown: PRIV -2.8% vs QQQ -83.0%.
Should I hold both PRIV and QQQ?
PRIV and QQQ have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PRIV and QQQ?
PRIV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 262 unique securities.
Which pays a higher dividend, PRIV or QQQ?
PRIV yields 4.58% while QQQ yields 0.41%, so PRIV currently pays the higher dividend yield.
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