QQQ vs SPUT
QQQ vs SPUT
Invesco QQQ Trust, Series 1 vs Innovator Equity Premium Income - Daily PutWrite ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. SPUT offers more diversification with 497 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPUT | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.79% | |
| AUM | $455.8B | $17M | |
| Dividend Yield | 0.41% | 5.14% | |
| Holdings | 108 | 503 | |
| YTD Return | +14.45% | +7.09% | |
| 1Y Return | +24.70% | +13.94% | |
| 3Y Return (annualized) | +24.19% | - | |
| 5Y Return (annualized) | +14.49% | - | |
| Volatility (annualized) | 30.6% | 7.0% | |
| Max Drawdown | -83.0% | -10.6% | |
| Fund Family | Invesco (US) | Innovator ETFs Trust | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Mar 14, 2025 |
QQQ vs SPUT Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Innovator Equity Premium Income - Daily PutWrite ETF (SPUT) is a ETF from Innovator ETFs Trust. Over the past year QQQ returned +24.70% while SPUT returned +13.94%. Year to date, QQQ is up 14.45% versus a gain of 7.09% for SPUT.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.0% for SPUT. 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 -10.6% for SPUT. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPUT charges 0.79%. On a $10,000 position that is $18 vs $79 annually, a gap of $61 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 5.14% for SPUT.
Holdings Overlap
QQQ and SPUT share 91 holdings out of 509 unique holdings combined, representing a 23.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPUT | Difference |
|---|---|---|---|
| NVDA | 7.88% | 3.54% | 4.34% |
| AAPL | 7.46% | 3.18% | 4.28% |
| MSFT | 4.65% | 2.34% | 2.31% |
| AMZN | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
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Frequently Asked Questions
Which is cheaper, QQQ or SPUT?
QQQ has an expense ratio of 0.18% while SPUT charges 0.79%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, QQQ or SPUT?
Over the past year QQQ returned +24.70% vs +13.94% for SPUT, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +12.98% vs +14.78% for SPUT. Past performance does not guarantee future results.
Which is riskier, QQQ or SPUT?
QQQ has been the more volatile fund at 30.6% annualized versus 7.0% for SPUT. Worst drawdown: QQQ -83.0% vs SPUT -10.6%.
Should I hold both QQQ and SPUT?
QQQ and SPUT have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPUT?
QQQ and SPUT share 91 common holdings with a 23.6% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, QQQ or SPUT?
QQQ yields 0.41% while SPUT yields 5.14%, so SPUT currently pays the higher dividend yield.
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