QQQ vs SPXV
QQQ vs SPXV
Invesco QQQ Trust, Series 1 vs ProShares S&P 500 Ex-Health Care ETF
Quick Verdict
SPXV has a lower expense ratio. QQQ delivered stronger 1-year returns. SPXV offers more diversification with 444 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPXV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $455.8B | $39M | |
| Dividend Yield | 0.41% | 0.93% | |
| Holdings | 108 | 445 | |
| YTD Return | +18.34% | +14.49% | |
| 1Y Return | +28.94% | +23.58% | |
| 3Y Return (annualized) | +25.28% | +22.73% | |
| 5Y Return (annualized) | +15.22% | +14.37% | |
| Volatility (annualized) | 30.6% | 16.2% | |
| Max Drawdown | -83.0% | -34.3% | |
| Fund Family | Invesco (US) | ProShares | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 22, 2015 |
QQQ vs SPXV Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and ProShares S&P 500 Ex-Health Care ETF (SPXV) is a ETF from ProShares. Over the past year QQQ returned +28.94% while SPXV returned +23.58%. Year to date, QQQ is up 18.34% versus a gain of 14.49% for SPXV.
Over three years, QQQ compounded at +25.28% per year against +22.73% for SPXV; over five years the annualized figures are +15.22% and +14.37% respectively. Across the full 11-year window we track, SPXV has the edge at +15.01% annualized vs +13.12%. 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 16.2% for SPXV. 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 -34.3% for SPXV. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPXV 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 0.93% for SPXV.
Holdings Overlap
QQQ and SPXV share 80 holdings out of 467 unique holdings combined, representing a 56.9% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPXV | Difference |
|---|---|---|---|
| NVDA | 7.88% | 8.02% | 0.14% |
| AAPL | 7.46% | 7.77% | 0.31% |
| MSFT | 4.65% | 4.87% | 0.22% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
See all 10 holdings QQQ shares with SPXV 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 SPXV?
QQQ has an expense ratio of 0.18% while SPXV charges 0.09%. SPXV is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, QQQ or SPXV?
Over the past year QQQ returned +28.94% vs +23.58% for SPXV, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), QQQ annualized +13.12% vs +15.01% for SPXV. Past performance does not guarantee future results.
Which is riskier, QQQ or SPXV?
QQQ has been the more volatile fund at 30.6% annualized versus 16.2% for SPXV. Worst drawdown: QQQ -83.0% vs SPXV -34.3%.
Should I hold both QQQ and SPXV?
QQQ and SPXV have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPXV?
QQQ and SPXV share 80 common holdings with a 56.9% weight overlap. Combined, they hold 467 unique securities.
Which pays a higher dividend, QQQ or SPXV?
QQQ yields 0.41% while SPXV yields 0.93%, so SPXV currently pays the higher dividend yield.
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