QQQ vs SPGM
QQQ vs SPGM
Invesco QQQ Trust, Series 1 vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Quick Verdict
SPGM has a lower expense ratio. QQQ delivered stronger 1-year returns. SPGM offers more diversification with 2846 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPGM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $455.8B | $1.7B | |
| Dividend Yield | 0.41% | 1.80% | |
| Holdings | 108 | 2,985 | |
| YTD Return | +16.83% | +13.82% | |
| 1Y Return | +26.58% | +26.36% | |
| 3Y Return (annualized) | +24.70% | +20.27% | |
| 5Y Return (annualized) | +14.88% | +11.53% | |
| Volatility (annualized) | 30.6% | 13.6% | |
| Max Drawdown | -83.0% | -34.0% | |
| Fund Family | Invesco (US) | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Feb 27, 2012 |
QQQ vs SPGM Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors. Over the past year QQQ returned +26.58% while SPGM returned +26.36%. Year to date, QQQ is up 16.83% versus a gain of 13.82% for SPGM.
Over three years, QQQ compounded at +24.70% per year against +20.27% for SPGM; over five years the annualized figures are +14.88% and +11.53% respectively. Across the full 14-year window we track, QQQ has the edge at +13.06% annualized vs +9.86%. 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 13.6% for SPGM. 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 -34.0% for SPGM. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPGM charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.80% for SPGM.
Holdings Overlap
QQQ and SPGM share 87 holdings out of 2862 unique holdings combined, representing a 27.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPGM | Difference |
|---|---|---|---|
| NVDA | 7.88% | 4.02% | 3.86% |
| AAPL | 7.46% | 3.67% | 3.79% |
| MSFT | 4.65% | 2.59% | 2.06% |
| AMZN | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
See all 10 holdings QQQ shares with SPGM 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, QQQ or SPGM?
QQQ has an expense ratio of 0.18% while SPGM charges 0.09%. SPGM is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, QQQ or SPGM?
Over the past year QQQ returned +26.58% vs +26.36% for SPGM, so QQQ leads on 1-year performance. Over the longest common window we track (14 years), QQQ annualized +13.06% vs +9.86% for SPGM. Past performance does not guarantee future results.
Which is riskier, QQQ or SPGM?
QQQ has been the more volatile fund at 30.6% annualized versus 13.6% for SPGM. Worst drawdown: QQQ -83.0% vs SPGM -34.0%.
Should I hold both QQQ and SPGM?
QQQ and SPGM have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPGM?
QQQ and SPGM share 87 common holdings with a 27.1% weight overlap. Combined, they hold 2862 unique securities.
Which pays a higher dividend, QQQ or SPGM?
QQQ yields 0.41% while SPGM yields 1.80%, so SPGM currently pays the higher dividend yield.
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