QBF vs SPY
Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly 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 503 holdings.
Side-by-Side Comparison
| Metric | QBF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $12M | $789.1B | |
| Dividend Yield | 2.01% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -29.17% | +13.39% | |
| 1Y Return | -45.00% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 28.0% | 15.3% | |
| Max Drawdown | -49.4% | -56.5% | |
| Fund Family | Innovator ETFs Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Feb 6, 2025 | Jan 22, 1993 |
QBF vs SPY Performance
Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) is a ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QBF returned -45.00% while SPY returned +22.52%. Year to date, QBF is down 29.17% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
QBF has been the more volatile fund, with annualized monthly volatility of 28.0% 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 -49.4% for QBF 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QBF charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, QBF currently yields 2.01% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, QBF or SPY?
QBF has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, QBF or SPY?
Over the past year QBF returned -45.00% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), QBF annualized -28.07% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, QBF or SPY?
QBF has been the more volatile fund at 28.0% annualized versus 15.3% for SPY. Worst drawdown: QBF -49.4% vs SPY -56.5%.
Should I hold both QBF and SPY?
QBF and SPY have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QBF or SPY?
QBF yields 2.01% while SPY yields 1.01%, so QBF currently pays the higher dividend yield.
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