QQHG vs SPY
QQHG vs SPY
Invesco QQQ Hedged Advantage 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 | QQHG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $13M | $789.1B | |
| Dividend Yield | 0.26% | 1.01% | |
| Holdings | 265 | 505 | |
| YTD Return | +8.95% | +11.49% | |
| 1Y Return | +17.92% | +21.37% | |
| 3Y Return (annualized) | - | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 11.0% | 15.3% | |
| Max Drawdown | -6.2% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 7, 2025 | Jan 22, 1993 |
QQHG vs SPY Performance
Invesco QQQ Hedged Advantage ETF (QQHG) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QQHG returned +17.92% while SPY returned +21.37%. Year to date, QQHG is up 8.95% versus a gain of 11.49% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.0% for QQHG. 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 -6.2% for QQHG 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQHG charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, QQHG currently yields 0.26% against 1.01% for SPY.
Holdings Overlap
QQHG and SPY share 145 holdings out of 575 unique holdings combined, representing a 53.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in QQHG | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 7.61% | 7.31% | 0.30% |
| AAPL | 6.84% | 7.09% | 0.25% |
| MSFT | 4.79% | 4.43% | 0.36% |
| GOOG | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings QQHG 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, QQHG or SPY?
QQHG has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, QQHG or SPY?
Over the past year QQHG returned +17.92% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), QQHG annualized +24.59% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, QQHG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.0% for QQHG. Worst drawdown: QQHG -6.2% vs SPY -56.5%.
Should I hold both QQHG and SPY?
QQHG and SPY have a monthly-return correlation of 0.92, 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 QQHG and SPY?
QQHG and SPY share 145 common holdings with a 53.2% weight overlap. Combined, they hold 575 unique securities.
Which pays a higher dividend, QQHG or SPY?
QQHG yields 0.26% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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