QDPL vs SPY
QDPL vs SPY
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | QDPL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $1.7B | $789.1B | |
| Dividend Yield | 4.56% | 1.01% | |
| Holdings | 521 | 505 | |
| YTD Return | +12.27% | +13.79% | |
| 1Y Return | +22.01% | +23.66% | |
| 3Y Return (annualized) | +19.87% | +21.40% | |
| 5Y Return (annualized) | +12.37% | +13.37% | |
| Volatility (annualized) | 14.0% | 15.3% | |
| Max Drawdown | -22.6% | -56.5% | |
| Fund Family | Pacer ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 12, 2021 | Jan 22, 1993 |
QDPL vs SPY Performance
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is a ETF from Pacer ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QDPL returned +22.01% while SPY returned +23.66%. Year to date, QDPL is up 12.27% versus a gain of 13.79% for SPY.
Over three years, QDPL compounded at +19.87% per year against +21.40% for SPY; over five years the annualized figures are +12.37% and +13.37% respectively. Across the full 5-year window we track, QDPL has the edge at +12.47% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.0% for QDPL. 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 -22.6% for QDPL and -56.5% for SPY. 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QDPL charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, QDPL currently yields 4.56% against 1.01% for SPY.
Holdings Overlap
QDPL and SPY share 484 holdings out of 521 unique holdings combined, representing a 89.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in QDPL | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 6.66% | 7.31% | 0.65% |
| AAPL | 6.39% | 7.09% | 0.70% |
| MSFT | 4.09% | 4.43% | 0.34% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings QDPL 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, QDPL or SPY?
QDPL has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, QDPL or SPY?
Over the past year QDPL returned +22.01% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), QDPL annualized +12.47% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, QDPL or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.0% for QDPL. Worst drawdown: QDPL -22.6% vs SPY -56.5%.
Should I hold both QDPL and SPY?
QDPL and SPY have a monthly-return correlation of 1.00, 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 QDPL and SPY?
QDPL and SPY share 484 common holdings with a 89.8% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, QDPL or SPY?
QDPL yields 4.56% while SPY yields 1.01%, so QDPL currently pays the higher dividend yield.
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