QDPL vs SPY
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QDPL or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. QDPL is less concentrated, with 34.8% of the fund in its ten largest positions against 37.8%.
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
| Metric | QDPL | SPY |
|---|---|---|
| Expense Ratio | 0.60% | 0.09%Best |
| AUM | $1.8B | $804.7B |
| Dividend Yield | 4.62% | 0.98% |
| Holdings | 519 | 505 |
| YTD Return | +10.03% | +11.45%Best |
| 1Y Return | +14.78% | +15.87%Best |
| 3Y Return (annualized) | +19.32% | +20.93%Best |
| 5Y Return (annualized) | +11.65% | +12.59%Best |
| Volatility (annualized) | 13.9%Best | 15.7% |
| Max Drawdown | -22.6%Best | -24.5% |
| $10,000 over 5 years | $17,350 | $18,093Best |
| Top 10 Weight | 34.8%Best | 37.8% |
| Fund Family | Pacer ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 12, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jul 13, 2021 to Sep 15, 2026 (5.2 years).
QDPL 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 5.2 years both funds cover.
QDPL vs SPY Performance
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is an ETF from Pacer ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QDPL returned +14.78% while SPY returned +15.87%. Year to date, QDPL is up 10.03% versus a gain of 11.45% for SPY.
Over three years, QDPL compounded at +19.32% per year against +20.93% for SPY; over five years the annualized figures are +11.65% and +12.59% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 13.9% for QDPL. 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 -22.6% for QDPL and -24.5% 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QDPL charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, QDPL currently yields 4.62% against 0.98% for SPY.
Holdings Overlap
90.9% of QDPL's money is in holdings SPY also owns. 99.3% of SPY's money is in holdings QDPL also owns.
Most of SPY is already inside QDPL. Owning both mostly buys the same companies twice.
483 positions in common, counted across the 500 positions we hold weights for in QDPL and 504 in SPY, against full books of 519 and 505.
What only one of them owns
Our book lists 18 positions for SPY that do not appear in our book for QDPL (0.4% of the fund), and 14 for QDPL that do not appear in SPY (8.1%).
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
| Stock | Weight in QDPL | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.68% | 8.01% | 0.33% |
| AAPLApple, Inc | 6.47% | 7.26% | 0.79% |
| MSFTMicrosoft Corp | 5.11% | 5.66% | 0.55% |
| AMZNAmazon.Com Inc | 3.48% | 3.79% | 0.31% |
| GOOGLAlphabet Inc,class A | 2.73% | 2.99% | 0.26% |
| AVGOBroadcom Inc | 2.33% | 2.66% | 0.33% |
| GOOGAlphabet Inc | 2.18% | 2.39% | 0.21% |
| METAMeta Platforms Inc | 1.86% | 1.93% | 0.07% |
| MUMicron Technology, Inc. | 1.58% | 1.60% | 0.02% |
| TSLATesla Inc | 1.37% | 1.52% | 0.15% |
99.3% of SPY is already inside QDPL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QDPL or SPY?
QDPL has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, QDPL or SPY?
Over the past year QDPL returned +14.78% vs +15.87% 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, QDPL or SPY?
SPY has been the more volatile fund at 15.7% annualized versus 13.9% for QDPL. Worst drawdown: QDPL -22.6% vs SPY -24.5%.
Should I hold both QDPL and SPY?
QDPL and SPY have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QDPL and SPY?
99.3% of SPY's money is in holdings QDPL also owns. 99.3% of SPY's is in holdings QDPL also owns. They hold 483 positions in common, counted across the 500 positions we hold weights for in QDPL and 504 in SPY.
Which pays a higher dividend, QDPL or SPY?
QDPL yields 4.62% while SPY yields 0.98%, so QDPL currently pays the higher dividend yield.
Is SPY better than QDPL?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. QDPL is less concentrated, with 34.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.