QPX vs SPY
Advisorshares Q Dynamic Growth ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. QPX delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QPX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.74% | 0.09% | |
| AUM | $33M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 8 | 505 | |
| YTD Return | +9.05% | +12.22% | |
| 1Y Return | +21.98% | +20.83% | |
| 3Y Return (annualized) | +20.09% | +21.70% | |
| 5Y Return (annualized) | +11.10% | +12.98% | |
| Volatility (annualized) | 17.4% | 15.3% | |
| Max Drawdown | -34.7% | -56.5% | |
| Fund Family | Advisor Shares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 28, 2020 | Jan 22, 1993 |
QPX vs SPY Performance
Advisorshares Q Dynamic Growth ETF (QPX) is a ETF from Advisor Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QPX returned +21.98% while SPY returned +20.83%. Year to date, QPX is up 9.05% versus a gain of 12.22% for SPY.
Over three years, QPX compounded at +20.09% per year against +21.70% for SPY; over five years the annualized figures are +11.10% and +12.98% respectively. Across the full 6-year window we track, QPX has the edge at +12.59% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QPX has been the more volatile fund, with annualized monthly volatility of 17.4% 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 -34.7% for QPX 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QPX charges 1.74% per year while SPY charges 0.09%. On a $10,000 position that is $174 vs $9 annually, a gap of $165 per year that compounds over a long holding period. On income, QPX currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
QPX and SPY share 0 holdings out of 510 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QPX or SPY?
QPX has an expense ratio of 1.74% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $165 per year of difference.
Which performed better, QPX or SPY?
Over the past year QPX returned +21.98% vs +20.83% for SPY, so QPX leads on 1-year performance. Over the longest common window we track (6 years), QPX annualized +12.59% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, QPX or SPY?
QPX has been the more volatile fund at 17.4% annualized versus 15.3% for SPY. Worst drawdown: QPX -34.7% vs SPY -56.5%.
Should I hold both QPX and SPY?
QPX and SPY have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QPX and SPY?
QPX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, QPX or SPY?
QPX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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