QQA vs SPY
Invesco QQQ Income Advantage ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QQA or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQA | SPY |
|---|---|---|
| Expense Ratio | 0.29% | 0.09%Best |
| AUM | $881M | $797.9B |
| Dividend Yield | 10.19% | 1.00% |
| Holdings | 241 | 504 |
| YTD Return | +8.90% | +11.28%Best |
| 1Y Return | +10.86% | +13.46%Best |
| 3Y Return (annualized) | - | +20.37% |
| 5Y Return (annualized) | - | +11.54% |
| Volatility (annualized) | 13.1% | 11.8%Best |
| Max Drawdown | -19.7% | -18.8%Best |
| $10,000 over 2.3 years | $13,731 | $13,852Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jul 17, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 17, 2024 to Nov 13, 2026 (2.3 years).
QQA vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
QQA vs SPY Performance
Invesco QQQ Income Advantage ETF (QQA) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QQA returned +10.86% while SPY returned +13.46%. Year to date, QQA is up 8.90% versus a gain of 11.28% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQA has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 11.8% for SPY. 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 -19.7% for QQA and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQA charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, QQA currently yields 10.19% against 1.00% for SPY.
Holdings Overlap
At least 46.8% of SPY's money is in holdings QQA also owns.
Stated as a floor: for QQA, our book for it covers 74.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
85 positions in common, counted across the 96 positions we hold weights for in QQA and 502 in SPY, against full books of 241 and 504.
Top Shared Holdings
| Stock | Weight in QQA | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.38% | 7.60% | 1.22% |
| NVDANvidia Corp. | 5.10% | 7.52% | 2.42% |
| AMZNAmazon.Com Inc | 3.66% | 3.71% | 0.05% |
| GOOGLAlphabet Inc | 2.11% | 2.52% | 0.41% |
| METAMeta Platform Inc | 2.39% | 2.06% | 0.33% |
| AVGOBroadcom Inc | 1.98% | 2.36% | 0.38% |
| MUMicron Technology, Inc. | 2.83% | 1.45% | 1.38% |
| TSLATesla Motors Inc | 2.50% | 1.75% | 0.75% |
| AMDAdvanced Micro Devices Inc. | 2.91% | 1.17% | 1.74% |
| GOOGAlphabet Inc | 1.97% | 2.03% | 0.06% |
46.8% of SPY is already inside QQA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, QQA or SPY?
QQA has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, QQA or SPY?
Over the past year QQA returned +10.86% vs +13.46% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), QQA annualized +14.78% vs +15.22% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQA or SPY?
QQA has been the more volatile fund at 13.1% annualized versus 11.8% for SPY. Worst drawdown: QQA -19.7% vs SPY -18.8%.
Should I hold both QQA and SPY?
QQA and SPY have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQA and SPY?
At least 46.8% of SPY's money is in holdings QQA also owns. Our book for QQA is partial, so the real figure is this or higher. They hold 85 positions in common, counted across the 96 positions we hold weights for in QQA and 502 in SPY.
Which pays a higher dividend, QQA or SPY?
QQA yields 10.19% while SPY yields 1.00%, so QQA currently pays the higher dividend yield.
Is SPY better than QQA?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.