QEW vs SPY
Invesco QQQ Equal Weight 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 | QEW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.09% | |
| AUM | $21M | $814.4B | |
| Dividend Yield | 0.11% | 1.01% | |
| Holdings | 106 | 505 | |
| YTD Return | +19.83% | +12.60% | |
| 1Y Return | - | +20.83% | |
| 3Y Return (annualized) | - | +20.98% | |
| 5Y Return (annualized) | - | +12.56% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -5.9% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 18, 2026 | Jan 22, 1993 |
QEW vs SPY Performance
Invesco QQQ Equal Weight ETF (QEW) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, QEW is up 19.83% versus a gain of 12.60% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -5.9% for QEW 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
QEW charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, QEW currently yields 0.11% against 1.01% for SPY.
Holdings Overlap
QEW and SPY share 87 holdings out of 521 unique holdings combined, representing a 24.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QEW or SPY?
QEW has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
What is the holdings overlap between QEW and SPY?
QEW and SPY share 87 common holdings with a 24.6% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, QEW or SPY?
QEW yields 0.11% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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