QQMG vs SPY
Invesco ESG NASDAQ 100 ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QQMG or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. QQMG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 50.1%.
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 | QQMG | SPY |
|---|---|---|
| Expense Ratio | 0.20% | 0.09%Best |
| AUM | $197M | $804.7B |
| Dividend Yield | 0.36% | 0.98% |
| Holdings | 91 | 505 |
| YTD Return | +18.47%Best | +12.22% |
| 1Y Return | +24.61%Best | +16.97% |
| 3Y Return (annualized) | +26.62%Best | +21.16% |
| 5Y Return (annualized) | +15.61%Best | +13.00% |
| Volatility (annualized) | 21.3% | 15.6%Best |
| Max Drawdown | -35.4% | -24.5%Best |
| $10,000 over 5 years | $20,653Best | $18,424 |
| Top 10 Weight | 50.1% | 37.8%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Oct 27, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 28, 2021 to Sep 17, 2026 (4.9 years).
QQMG 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 4.9 years both funds cover.
QQMG vs SPY Performance
Invesco ESG NASDAQ 100 ETF (QQMG) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QQMG returned +24.61% while SPY returned +16.97%. Year to date, QQMG is up 18.47% versus a gain of 12.22% for SPY.
Over three years, QQMG compounded at +26.62% per year against +21.16% for SPY; over five years the annualized figures are +15.61% and +13.00% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQMG has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 15.6% 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 -35.4% for QQMG 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQMG charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, QQMG currently yields 0.36% against 0.98% for SPY.
Holdings Overlap
92.2% of QQMG's money is in holdings SPY also owns. 51.7% of SPY's money is in holdings QQMG also owns.
Most of QQMG is already inside SPY. Owning both mostly buys the same companies twice.
76 positions in common, counted across the 89 positions we hold weights for in QQMG and 504 in SPY, against full books of 91 and 505.
What only one of them owns
Our book lists 421 positions for SPY that do not appear in our book for QQMG (47.7% of the fund), and 6 for QQMG that do not appear in SPY (1.1%).
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 QQMG | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.59% | 8.01% | 2.58% |
| AAPLApple, Inc | 8.27% | 7.26% | 1.01% |
| MSFTMicrosoft Corp | 6.96% | 5.66% | 1.30% |
| AMZNAmazon.Com Inc | 4.70% | 3.79% | 0.91% |
| MUMicron Technology, Inc. | 4.39% | 1.60% | 2.79% |
| GOOGLAlphabet Inc,class A | 2.86% | 2.99% | 0.13% |
| AVGOBroadcom Inc | 2.51% | 2.66% | 0.15% |
| GOOGAlphabet Inc | 2.65% | 2.39% | 0.26% |
| TSLATesla Inc | 2.80% | 1.52% | 1.28% |
| METAMeta Platforms Inc | 1.91% | 1.93% | 0.02% |
92.2% of QQMG is already inside SPY.
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, QQMG or SPY?
QQMG has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, QQMG or SPY?
Over the past year QQMG returned +24.61% vs +16.97% for SPY, so QQMG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQMG or SPY?
QQMG has been the more volatile fund at 21.3% annualized versus 15.6% for SPY. Worst drawdown: QQMG -35.4% vs SPY -24.5%.
Should I hold both QQMG and SPY?
QQMG and SPY have a monthly-return correlation of 0.91, 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 QQMG and SPY?
92.2% of QQMG's money is in holdings SPY also owns. 51.7% of SPY's is in holdings QQMG also owns. They hold 76 positions in common, counted across the 89 positions we hold weights for in QQMG and 504 in SPY.
Which pays a higher dividend, QQMG or SPY?
QQMG yields 0.36% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than QQMG?
SPY has a lower expense ratio. QQMG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 50.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.