DWX vs QQQ
State Street SPDR S&P International Dividend ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. DWX offers more diversification with 122 holdings.
Side-by-Side Comparison
| Metric | DWX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.18% | |
| AUM | $530M | $496.3B | |
| Dividend Yield | 4.11% | 0.44% | |
| Holdings | 122 | 108 | |
| YTD Return | +10.82% | +16.23% | |
| 1Y Return | +15.26% | +26.23% | |
| 3Y Return (annualized) | +17.07% | +25.75% | |
| 5Y Return (annualized) | +7.86% | +14.78% | |
| Volatility (annualized) | 20.0% | 30.6% | |
| Max Drawdown | -69.3% | -83.0% | |
| Fund Family | SPDR State Street Global Advisors | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 12, 2008 | Mar 10, 1999 |
DWX vs QQQ Performance
State Street SPDR S&P International Dividend ETF (DWX) is a ETF from SPDR State Street Global Advisors and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DWX returned +15.26% while QQQ returned +26.23%. Year to date, DWX is up 10.82% versus a gain of 16.23% for QQQ.
Over three years, DWX compounded at +17.07% per year against +25.75% for QQQ; over five years the annualized figures are +7.86% and +14.78% respectively. Across the full 19-year window we track, QQQ has the edge at +13.02% annualized vs -1.05%. 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 20.0% for DWX. 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 -69.3% for DWX and -83.0% for QQQ. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DWX charges 0.45% per year while QQQ charges 0.18%. On a $10,000 position that is $45 vs $18 annually, a gap of $27 per year that compounds over a long holding period. On income, DWX currently yields 4.11% against 0.44% for QQQ.
Holdings Overlap
DWX and QQQ share 0 holdings out of 203 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, DWX or QQQ?
DWX has an expense ratio of 0.45% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, DWX or QQQ?
Over the past year DWX returned +15.26% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), DWX annualized -1.05% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, DWX or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 20.0% for DWX. Worst drawdown: DWX -69.3% vs QQQ -83.0%.
Should I hold both DWX and QQQ?
DWX and QQQ have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DWX and QQQ?
DWX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 203 unique securities.
Which pays a higher dividend, DWX or QQQ?
DWX yields 4.11% while QQQ yields 0.44%, so DWX currently pays the higher dividend yield.
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