QQQ vs SPGP
QQQ vs SPGP
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 GARP ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPGP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.36% | |
| AUM | $455.8B | $2.2B | |
| Dividend Yield | 0.41% | 0.82% | |
| Holdings | 108 | 76 | |
| YTD Return | +18.20% | +12.67% | |
| 1Y Return | +27.63% | +20.35% | |
| 3Y Return (annualized) | +25.54% | +12.03% | |
| 5Y Return (annualized) | +15.12% | +8.31% | |
| Volatility (annualized) | 30.6% | 16.3% | |
| Max Drawdown | -83.0% | -42.4% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jun 16, 2011 |
QQQ vs SPGP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 GARP ETF (SPGP) is a ETF from Invesco (US). Over the past year QQQ returned +27.63% while SPGP returned +20.35%. Year to date, QQQ is up 18.20% versus a gain of 12.67% for SPGP.
Over three years, QQQ compounded at +25.54% per year against +12.03% for SPGP; over five years the annualized figures are +15.12% and +8.31% respectively. Across the full 15-year window we track, SPGP has the edge at +13.62% annualized vs +13.11%. 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 16.3% for SPGP. 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 -42.4% for SPGP. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPGP charges 0.36%. On a $10,000 position that is $18 vs $36 annually, a gap of $18 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 0.82% for SPGP.
Holdings Overlap
QQQ and SPGP share 16 holdings out of 162 unique holdings combined, representing a 11.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPGP | Difference |
|---|---|---|---|
| NVDA | 7.88% | 2.12% | 5.76% |
| MSFT | 4.65% | 0.91% | 3.74% |
| META | 3.11% | 1.54% | 1.57% |
| GOOG | Pro | Pro | Pro |
| APP | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
| FTNT | Pro | Pro | Pro |
| ABNB | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
See all 10 holdings QQQ shares with SPGP 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 SPGP?
QQQ has an expense ratio of 0.18% while SPGP charges 0.36%. QQQ is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, QQQ or SPGP?
Over the past year QQQ returned +27.63% vs +20.35% for SPGP, so QQQ leads on 1-year performance. Over the longest common window we track (15 years), QQQ annualized +13.11% vs +13.62% for SPGP. Past performance does not guarantee future results.
Which is riskier, QQQ or SPGP?
QQQ has been the more volatile fund at 30.6% annualized versus 16.3% for SPGP. Worst drawdown: QQQ -83.0% vs SPGP -42.4%.
Should I hold both QQQ and SPGP?
QQQ and SPGP have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPGP?
QQQ and SPGP share 16 common holdings with a 11.5% weight overlap. Combined, they hold 162 unique securities.
Which pays a higher dividend, QQQ or SPGP?
QQQ yields 0.41% while SPGP yields 0.82%, so SPGP currently pays the higher dividend yield.
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