IQQ vs SPY
iShares Nasdaq 100 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 | IQQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.09% | |
| AUM | $357M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 104 | 505 | |
| YTD Return | -1.39% | +12.68% | |
| 1Y Return | - | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -8.8% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 8, 2026 | Jan 22, 1993 |
IQQ vs SPY Performance
iShares Nasdaq 100 ETF (IQQ) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, IQQ is down 1.39% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -8.8% for IQQ 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
IQQ charges 0.10% per year while SPY charges 0.09%. On a $10,000 position that is $10 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, IQQ currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
IQQ and SPY share 86 holdings out of 522 unique holdings combined, representing a 53.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IQQ or SPY?
IQQ has an expense ratio of 0.10% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
What is the holdings overlap between IQQ and SPY?
IQQ and SPY share 86 common holdings with a 53.6% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, IQQ or SPY?
IQQ yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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