QQQ vs SHE
QQQ vs SHE
Invesco QQQ Trust, Series 1 vs State Street SPDR MSCI USA Gender Diversity ETF
Quick Verdict
QQQ has a lower expense ratio. SHE delivered stronger 1-year returns. SHE offers more diversification with 232 holdings.
Side-by-Side Comparison
| Metric | QQQ | SHE | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.20% | |
| AUM | $455.8B | $322M | |
| Dividend Yield | 0.41% | 1.03% | |
| Holdings | 108 | 215 | |
| YTD Return | +16.83% | +20.42% | |
| 1Y Return | +26.58% | +29.70% | |
| 3Y Return (annualized) | +24.70% | +22.41% | |
| 5Y Return (annualized) | +14.88% | +10.21% | |
| Volatility (annualized) | 30.6% | 16.4% | |
| Max Drawdown | -83.0% | -36.2% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Mar 7, 2016 |
QQQ vs SHE Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street SPDR MSCI USA Gender Diversity ETF (SHE) is a ETF from State Street Investment Management. Over the past year QQQ returned +26.58% while SHE returned +29.70%. Year to date, QQQ is up 16.83% versus a gain of 20.42% for SHE.
Over three years, QQQ compounded at +24.70% per year against +22.41% for SHE; over five years the annualized figures are +14.88% and +10.21% respectively. Across the full 10-year window we track, QQQ has the edge at +13.06% annualized vs +10.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 16.4% for SHE. 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 -83.0% for QQQ and -36.2% for SHE. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SHE charges 0.20%. On a $10,000 position that is $18 vs $20 annually, a gap of $2 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.03% for SHE.
Holdings Overlap
QQQ and SHE share 36 holdings out of 299 unique holdings combined, representing a 29.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SHE | Difference |
|---|---|---|---|
| NVDA | 7.88% | 3.92% | 3.96% |
| AMD | 3.85% | 5.78% | 1.93% |
| MSFT | 4.65% | 4.10% | 0.55% |
| AVGO | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| ADI | Pro | Pro | Pro |
| LIN:IE | Pro | Pro | Pro |
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Frequently Asked Questions
Which is cheaper, QQQ or SHE?
QQQ has an expense ratio of 0.18% while SHE charges 0.20%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, QQQ or SHE?
Over the past year QQQ returned +26.58% vs +29.70% for SHE, so SHE leads on 1-year performance. Over the longest common window we track (10 years), QQQ annualized +13.06% vs +10.65% for SHE. Past performance does not guarantee future results.
Which is riskier, QQQ or SHE?
QQQ has been the more volatile fund at 30.6% annualized versus 16.4% for SHE. Worst drawdown: QQQ -83.0% vs SHE -36.2%.
Should I hold both QQQ and SHE?
QQQ and SHE have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SHE?
QQQ and SHE share 36 common holdings with a 29.9% weight overlap. Combined, they hold 299 unique securities.
Which pays a higher dividend, QQQ or SHE?
QQQ yields 0.41% while SHE yields 1.03%, so SHE currently pays the higher dividend yield.
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