QQQ vs SPYX
QQQ vs SPYX
Invesco QQQ Trust, Series 1 vs State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. SPYX offers more diversification with 490 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPYX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.20% | |
| AUM | $455.8B | $2.7B | |
| Dividend Yield | 0.41% | 0.86% | |
| Holdings | 108 | 491 | |
| YTD Return | +12.48% | +9.47% | |
| 1Y Return | +22.35% | +19.04% | |
| 3Y Return (annualized) | +22.30% | +19.26% | |
| 5Y Return (annualized) | +14.24% | +12.33% | |
| Volatility (annualized) | 30.6% | 15.3% | |
| Max Drawdown | -83.0% | -33.2% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Nov 30, 2015 |
QQQ vs SPYX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is a ETF from State Street Investment Management. Over the past year QQQ returned +22.35% while SPYX returned +19.04%. Year to date, QQQ is up 12.48% versus a gain of 9.47% for SPYX.
Over three years, QQQ compounded at +22.30% per year against +19.26% for SPYX; over five years the annualized figures are +14.24% and +12.33% respectively. Across the full 11-year window we track, SPYX has the edge at +13.51% annualized vs +12.91%. 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 15.3% for SPYX. 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 -33.2% for SPYX. 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPYX charges 0.20%. On a $10,000 position that is $18 vs $20 annually, a gap of $2 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 0.86% for SPYX.
Holdings Overlap
QQQ and SPYX share 85 holdings out of 508 unique holdings combined, representing a 54.9% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPYX | Difference |
|---|---|---|---|
| NVDA | 7.88% | 7.54% | 0.34% |
| AAPL | 7.46% | 7.31% | 0.15% |
| MSFT | 4.65% | 4.57% | 0.08% |
| 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 SPYX 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 SPYX?
QQQ has an expense ratio of 0.18% while SPYX charges 0.20%. QQQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, QQQ or SPYX?
Over the past year QQQ returned +22.35% vs +19.04% for SPYX, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), QQQ annualized +12.91% vs +13.51% for SPYX. Past performance does not guarantee future results.
Which is riskier, QQQ or SPYX?
QQQ has been the more volatile fund at 30.6% annualized versus 15.3% for SPYX. Worst drawdown: QQQ -83.0% vs SPYX -33.2%.
Should I hold both QQQ and SPYX?
QQQ and SPYX have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QQQ and SPYX?
QQQ and SPYX share 85 common holdings with a 54.9% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, QQQ or SPYX?
QQQ yields 0.41% while SPYX yields 0.86%, so SPYX currently pays the higher dividend yield.
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