QOWZ vs SPY
Invesco Nasdaq Free Cash Flow Achievers ETF 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 505 holdings.
Side-by-Side Comparison
| Metric | QOWZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $10M | $821.1B | |
| Dividend Yield | 0.25% | 1.01% | |
| Holdings | 52 | 505 | |
| YTD Return | +5.54% | +12.68% | |
| 1Y Return | +5.35% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 13.9% | 15.3% | |
| Max Drawdown | -20.4% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 6, 2023 | Jan 22, 1993 |
QOWZ vs SPY Performance
Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QOWZ returned +5.35% while SPY returned +21.82%. Year to date, QOWZ is up 5.54% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.9% for QOWZ. 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 -20.4% for QOWZ 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QOWZ charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, QOWZ currently yields 0.25% against 1.01% for SPY.
Holdings Overlap
QOWZ and SPY share 33 holdings out of 521 unique holdings combined, representing a 13.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QOWZ or SPY?
QOWZ has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, QOWZ or SPY?
Over the past year QOWZ returned +5.35% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), QOWZ annualized +18.70% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, QOWZ or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.9% for QOWZ. Worst drawdown: QOWZ -20.4% vs SPY -56.5%.
Should I hold both QOWZ and SPY?
QOWZ and SPY have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QOWZ and SPY?
QOWZ and SPY share 33 common holdings with a 13.8% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, QOWZ or SPY?
QOWZ yields 0.25% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.