EQQQ vs SPY
ProShares Ultra QQQ Equal Weight ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EQQQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.09% | |
| AUM | $5M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 102 | 505 | |
| YTD Return | +11.14% | +13.17% | |
| 1Y Return | - | +21.53% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -4.1% | -56.5% | |
| Fund Family | ProShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 21, 2026 | Jan 22, 1993 |
EQQQ vs SPY Performance
ProShares Ultra QQQ Equal Weight ETF (EQQQ) is a ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, EQQQ is up 11.14% versus a gain of 13.17% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -4.1% for EQQQ and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 1.01% for SPY.
Holdings Overlap
EQQQ and SPY share 86 holdings out of 520 unique holdings combined, representing a 18.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $86 per year of difference.
What is the holdings overlap between EQQQ and SPY?
EQQQ and SPY share 86 common holdings with a 18.3% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, EQQQ or SPY?
EQQQ yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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