QQQ vs SPHB
QQQ vs SPHB
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 High Beta ETF
Quick Verdict
QQQ has a lower expense ratio. SPHB delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPHB | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.25% | |
| AUM | $455.8B | $983M | |
| Dividend Yield | 0.41% | 0.52% | |
| Holdings | 108 | 103 | |
| YTD Return | +16.83% | +22.71% | |
| 1Y Return | +26.58% | +45.21% | |
| 3Y Return (annualized) | +24.70% | +24.31% | |
| 5Y Return (annualized) | +14.88% | +15.22% | |
| Volatility (annualized) | 30.6% | 24.6% | |
| Max Drawdown | -83.0% | -47.8% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | May 5, 2011 |
QQQ vs SPHB Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 High Beta ETF (SPHB) is a ETF from Invesco (US). Over the past year QQQ returned +26.58% while SPHB returned +45.21%. Year to date, QQQ is up 16.83% versus a gain of 22.71% for SPHB.
Over three years, QQQ compounded at +24.70% per year against +24.31% for SPHB; over five years the annualized figures are +14.88% and +15.22% respectively. Across the full 15-year window we track, QQQ has the edge at +13.06% annualized vs +12.80%. 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 24.6% for SPHB. 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 -47.8% for SPHB. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPHB charges 0.25%. On a $10,000 position that is $18 vs $25 annually, a gap of $7 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 0.52% for SPHB.
Holdings Overlap
QQQ and SPHB share 29 holdings out of 174 unique holdings combined, representing a 21.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPHB | Difference |
|---|---|---|---|
| NVDA | 7.88% | 0.83% | 7.05% |
| MU | 4.67% | 2.17% | 2.50% |
| AMZN | 4.26% | 0.67% | 3.59% |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| SNDK | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
See all 10 holdings QQQ shares with SPHB 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 SPHB?
QQQ has an expense ratio of 0.18% while SPHB charges 0.25%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, QQQ or SPHB?
Over the past year QQQ returned +26.58% vs +45.21% for SPHB, so SPHB leads on 1-year performance. Over the longest common window we track (15 years), QQQ annualized +13.06% vs +12.80% for SPHB. Past performance does not guarantee future results.
Which is riskier, QQQ or SPHB?
QQQ has been the more volatile fund at 30.6% annualized versus 24.6% for SPHB. Worst drawdown: QQQ -83.0% vs SPHB -47.8%.
Should I hold both QQQ and SPHB?
QQQ and SPHB have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPHB?
QQQ and SPHB share 29 common holdings with a 21.2% weight overlap. Combined, they hold 174 unique securities.
Which pays a higher dividend, QQQ or SPHB?
QQQ yields 0.41% while SPHB yields 0.52%, so SPHB currently pays the higher dividend yield.
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