LQAI vs SPY

LQAI vs SPY

Which is better, LQAI or SPY?

Each has led over a different period.

SPY has a lower expense ratio. LQAI led over the full window, SPY over 1Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 44.9%.

Lower Fees: SPYHigher Returns: splitLess Concentrated: SPY

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

MetricLQAISPY
Expense Ratio0.75%0.09%Best
AUM$2M$804.7B
Dividend Yield0.92%0.98%
Holdings101505
YTD Return+16.88%Best+11.97%
1Y Return+16.25%+16.40%Best
3Y Return (annualized)-+21.10%
5Y Return (annualized)-+12.88%
Volatility (annualized)15.2%11.8%Best
Max Drawdown-21.2%-18.8%Best
$10,000 over 2.9 years$18,695Best$18,189
Top 10 Weight44.9%37.8%Best
Fund FamilyQRAFT AI ETFsState Street Investment Management
CategoryEquityEquity
StyleLarge Cap BlendLarge Cap Blend
InceptionNov 7, 2023Jan 22, 1993

Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 7, 2023 to Sep 14, 2026 (2.9 years).

LQAI 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 covers the 2.9 years both funds cover.

LQAI vs SPY Performance

LG QRAFT AI-Powered US Large Cap Core ETF (LQAI) is an ETF from QRAFT AI ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LQAI returned +16.25% while SPY returned +16.40%. Year to date, LQAI is up 16.88% versus a gain of 11.97% for SPY.

Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

LQAI has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 11.8% 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 -21.2% for LQAI and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

LQAI charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, LQAI currently yields 0.92% against 0.98% for SPY.

Holdings Overlap

LQAI already in SPY86.0%
SPY already in LQAI51.8%

86.0% of LQAI's money is in holdings SPY also owns. 51.8% of SPY's money is in holdings LQAI also owns.

Most of LQAI is already inside SPY. Owning both mostly buys the same companies twice.

81 positions in common, counted across the 99 positions we hold weights for in LQAI and 504 in SPY, against full books of 101 and 505.

What only one of them owns

Our book lists 416 positions for SPY that do not appear in our book for LQAI (47.6% of the fund), and 10 for LQAI that do not appear in SPY (4.0%).

Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.

Top Shared Holdings

StockWeight in LQAIWeight in SPYDifference
NVDANvidia Corp5.45%8.01%2.56%
AAPLApple, Inc3.87%7.26%3.39%
MSFTMicrosoft Corp5.35%5.66%0.31%
AMZNAmazon.Com Inc5.26%3.79%1.47%
MUMicron Technology, Inc.6.19%1.60%4.59%
AMDAdvanced Micro Devices Inc4.54%1.14%3.40%
TSLATesla Inc4.05%1.52%2.53%
METAMeta Platforms Inc3.32%1.93%1.39%
SNDKSandisk Corp/De3.67%0.35%3.32%
GOOGLAlphabet Inc,class A0.50%2.99%2.49%

86.0% of LQAI is already inside SPY.

You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.

LQAISPY

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, LQAI or SPY?

LQAI has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.

Which performed better, LQAI or SPY?

Over the past year LQAI returned +16.25% vs +16.40% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.

Which is riskier, LQAI or SPY?

LQAI has been the more volatile fund at 15.2% annualized versus 11.8% for SPY. Worst drawdown: LQAI -21.2% vs SPY -18.8%.

Should I hold both LQAI and SPY?

LQAI and SPY have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.

What is the holdings overlap between LQAI and SPY?

86.0% of LQAI's money is in holdings SPY also owns. 51.8% of SPY's is in holdings LQAI also owns. They hold 81 positions in common, counted across the 99 positions we hold weights for in LQAI and 504 in SPY.

Which pays a higher dividend, LQAI or SPY?

LQAI yields 0.92% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.

Is SPY better than LQAI?

SPY has a lower expense ratio. LQAI led over the full window, SPY over 1Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 44.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.