EQQQ vs SPY
ProShares Ultra QQQ Equal Weight ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EQQQ or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EQQQ | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $5M | $811.2B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 103 | 1,515 |
| YTD Return | +6.45% | +12.70%Best |
| 1Y Return | - | +15.53% |
| 3Y Return (annualized) | - | +22.86% |
| 5Y Return (annualized) | - | +13.47% |
| Fund Family | ProShares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Jul 21, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
EQQQ vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
EQQQ vs SPY Performance
ProShares Ultra QQQ Equal Weight ETF (EQQQ) is an ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, EQQQ is up 6.45% versus a gain of 12.70% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
EQQQ charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, EQQQ currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
At least 54.2% of SPY's money is in holdings EQQQ also owns.
Stated as a floor: for EQQQ, our book for it covers 47.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
86 positions in common, counted across the 101 positions we hold weights for in EQQQ and 504 in SPY, against full books of 103 and 1,515.
Top Shared Holdings
| Stock | Weight in EQQQ | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.49% | 7.78% | 7.29% |
| AAPLApple, Inc | 0.52% | 7.45% | 6.93% |
| MSFTMicrosoft Corp | 0.54% | 5.71% | 5.17% |
| AMZNAmazon.Com Inc | 0.45% | 3.78% | 3.33% |
| GOOGLAlphabet Inc,class A | 0.22% | 3.12% | 2.90% |
| AVGOBroadcom Inc | 0.37% | 2.48% | 2.11% |
| METAMeta Platforms Inc | 0.52% | 2.22% | 1.70% |
| GOOGAlphabet Inc. C | 0.22% | 2.49% | 2.27% |
| MUMicron Technology, Inc. | 0.47% | 1.59% | 1.12% |
| TSLATesla Inc | 0.40% | 1.54% | 1.14% |
54.2% of SPY is already inside EQQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EQQQ or SPY?
EQQQ has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
What is the holdings overlap between EQQQ and SPY?
At least 54.2% of SPY's money is in holdings EQQQ also owns. Our book for EQQQ is partial, so the real figure is this or higher. They hold 86 positions in common, counted across the 101 positions we hold weights for in EQQQ and 504 in SPY.
Which pays a higher dividend, EQQQ or SPY?
EQQQ yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than EQQQ?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.