QQQ vs SPMB
QQQ vs SPMB
Invesco QQQ Trust, Series 1 vs State Street SPDR Portfolio Mortgage Backed Bond ETF
Quick Verdict
SPMB has a lower expense ratio. QQQ delivered stronger 1-year returns. SPMB offers more diversification with 2556 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPMB | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $455.8B | $7.0B | |
| Dividend Yield | 0.41% | 4.05% | |
| Holdings | 108 | 2,661 | |
| YTD Return | +14.45% | -0.33% | |
| 1Y Return | +24.70% | +3.02% | |
| 3Y Return (annualized) | +24.19% | +4.40% | |
| 5Y Return (annualized) | +14.49% | -0.03% | |
| Volatility (annualized) | 30.6% | 4.5% | |
| Max Drawdown | -83.0% | -22.8% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Jan 15, 2009 |
QQQ vs SPMB Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is a ETF from State Street Investment Management. Over the past year QQQ returned +24.70% while SPMB returned +3.02%. Year to date, QQQ is up 14.45% versus a loss of 0.33% for SPMB.
Over three years, QQQ compounded at +24.19% per year against +4.40% for SPMB; over five years the annualized figures are +14.49% and -0.03% respectively. Across the full 18-year window we track, QQQ has the edge at +12.98% annualized vs +0.08%. 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 4.5% for SPMB. 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 -22.8% for SPMB. 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPMB charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 4.05% for SPMB.
Holdings Overlap
QQQ and SPMB share 0 holdings out of 2659 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or SPMB?
QQQ has an expense ratio of 0.18% while SPMB charges 0.04%. SPMB is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, QQQ or SPMB?
Over the past year QQQ returned +24.70% vs +3.02% for SPMB, so QQQ leads on 1-year performance. Over the longest common window we track (18 years), QQQ annualized +12.98% vs +0.08% for SPMB. Past performance does not guarantee future results.
Which is riskier, QQQ or SPMB?
QQQ has been the more volatile fund at 30.6% annualized versus 4.5% for SPMB. Worst drawdown: QQQ -83.0% vs SPMB -22.8%.
Should I hold both QQQ and SPMB?
QQQ and SPMB have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPMB?
QQQ and SPMB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2659 unique securities.
Which pays a higher dividend, QQQ or SPMB?
QQQ yields 0.41% while SPMB yields 4.05%, so SPMB currently pays the higher dividend yield.
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