FMQQ vs SPY
The Next Frontier Internet ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FMQQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.09% | |
| AUM | $22M | $821.1B | |
| Dividend Yield | 0.69% | 1.01% | |
| Holdings | 38 | 505 | |
| YTD Return | -7.76% | +14.24% | |
| 1Y Return | -11.75% | +21.71% | |
| 3Y Return (annualized) | +5.82% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 23.1% | 15.3% | |
| Max Drawdown | -64.5% | -56.5% | |
| Fund Family | Exchange Traded Concepts Trust | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 27, 2021 | Jan 22, 1993 |
FMQQ vs SPY Performance
The Next Frontier Internet ETF (FMQQ) is a ETF from Exchange Traded Concepts Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FMQQ returned -11.75% while SPY returned +21.71%. Year to date, FMQQ is down 7.76% versus a gain of 14.24% for SPY.
Over three years, FMQQ compounded at +5.82% per year against +22.10% for SPY. Across the full 5-year window we track, SPY has the edge at +8.86% annualized vs -12.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMQQ has been the more volatile fund, with annualized monthly volatility of 23.1% compared with 15.3% for SPY. 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 -64.5% for FMQQ and -56.5% for SPY. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMQQ charges 0.86% per year while SPY charges 0.09%. On a $10,000 position that is $86 vs $9 annually, a gap of $77 per year that compounds over a long holding period. On income, FMQQ currently yields 0.69% against 1.01% for SPY.
Holdings Overlap
FMQQ and SPY share 0 holdings out of 542 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, FMQQ or SPY?
FMQQ has an expense ratio of 0.86% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, FMQQ or SPY?
Over the past year FMQQ returned -11.75% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), FMQQ annualized -12.65% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, FMQQ or SPY?
FMQQ has been the more volatile fund at 23.1% annualized versus 15.3% for SPY. Worst drawdown: FMQQ -64.5% vs SPY -56.5%.
Should I hold both FMQQ and SPY?
FMQQ and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMQQ and SPY?
FMQQ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, FMQQ or SPY?
FMQQ yields 0.69% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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