QQQ vs SPXT
QQQ vs SPXT
Invesco QQQ Trust, Series 1 vs ProShares S&P 500 Ex-Technology ETF
Quick Verdict
SPXT has a lower expense ratio. QQQ delivered stronger 1-year returns. SPXT offers more diversification with 429 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPXT | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $455.8B | $275M | |
| Dividend Yield | 0.41% | 1.37% | |
| Holdings | 108 | 430 | |
| YTD Return | +18.34% | +8.80% | |
| 1Y Return | +28.94% | +18.35% | |
| 3Y Return (annualized) | +25.28% | +16.10% | |
| 5Y Return (annualized) | +15.22% | +9.92% | |
| Volatility (annualized) | 30.6% | 14.4% | |
| Max Drawdown | -83.0% | -34.4% | |
| Fund Family | Invesco (US) | ProShares | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 22, 2015 |
QQQ vs SPXT Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and ProShares S&P 500 Ex-Technology ETF (SPXT) is a ETF from ProShares. Over the past year QQQ returned +28.94% while SPXT returned +18.35%. Year to date, QQQ is up 18.34% versus a gain of 8.80% for SPXT.
Over three years, QQQ compounded at +25.28% per year against +16.10% for SPXT; over five years the annualized figures are +15.22% and +9.92% respectively. Across the full 11-year window we track, QQQ has the edge at +13.12% annualized vs +10.87%. 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 14.4% for SPXT. 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 -34.4% for SPXT. 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 SPXT 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 1.37% for SPXT.
Holdings Overlap
QQQ and SPXT share 52 holdings out of 480 unique holdings combined, representing a 28.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPXT | Difference |
|---|---|---|---|
| AMZN | 4.26% | 5.85% | 1.59% |
| GOOGL | 3.29% | 5.26% | 1.97% |
| GOOG | 3.06% | 4.22% | 1.16% |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
| LIN | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
See all 10 holdings QQQ shares with SPXT 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 SPXT?
QQQ has an expense ratio of 0.18% while SPXT charges 0.09%. SPXT is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, QQQ or SPXT?
Over the past year QQQ returned +28.94% vs +18.35% for SPXT, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), QQQ annualized +13.12% vs +10.87% for SPXT. Past performance does not guarantee future results.
Which is riskier, QQQ or SPXT?
QQQ has been the more volatile fund at 30.6% annualized versus 14.4% for SPXT. Worst drawdown: QQQ -83.0% vs SPXT -34.4%.
Should I hold both QQQ and SPXT?
QQQ and SPXT 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 SPXT?
QQQ and SPXT share 52 common holdings with a 28.0% weight overlap. Combined, they hold 480 unique securities.
Which pays a higher dividend, QQQ or SPXT?
QQQ yields 0.41% while SPXT yields 1.37%, so SPXT currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.