KIE vs QQQ
State Street SPDR S&P Insurance ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | KIE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $710M | $496.3B | |
| Dividend Yield | 1.52% | 0.44% | |
| Holdings | 55 | 108 | |
| YTD Return | +8.26% | +16.19% | |
| 1Y Return | +10.29% | +25.22% | |
| 3Y Return (annualized) | +16.65% | +25.47% | |
| 5Y Return (annualized) | +11.77% | +14.34% | |
| Volatility (annualized) | 21.0% | 30.6% | |
| Max Drawdown | -76.2% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2005 | Mar 10, 1999 |
KIE vs QQQ Performance
State Street SPDR S&P Insurance ETF (KIE) is a ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year KIE returned +10.29% while QQQ returned +25.22%. Year to date, KIE is up 8.26% versus a gain of 16.19% for QQQ.
Over three years, KIE compounded at +16.65% per year against +25.47% for QQQ; over five years the annualized figures are +11.77% and +14.34% respectively. Across the full 21-year window we track, QQQ has the edge at +13.01% annualized vs +6.84%. 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 21.0% for KIE. 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 -76.2% for KIE 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
KIE charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, KIE currently yields 1.52% against 0.44% for QQQ.
Holdings Overlap
KIE and QQQ share 0 holdings out of 156 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, KIE or QQQ?
KIE has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, KIE or QQQ?
Over the past year KIE returned +10.29% vs +25.22% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (21 years), KIE annualized +6.84% vs +13.01% for QQQ. Past performance does not guarantee future results.
Which is riskier, KIE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 21.0% for KIE. Worst drawdown: KIE -76.2% vs QQQ -83.0%.
Should I hold both KIE and QQQ?
KIE and QQQ have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KIE and QQQ?
KIE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 156 unique securities.
Which pays a higher dividend, KIE or QQQ?
KIE yields 1.52% while QQQ yields 0.44%, so KIE currently pays the higher dividend yield.
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