QQMG vs SPY
Invesco ESG NASDAQ 100 ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. QQMG delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QQMG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $206M | $821.1B | |
| Dividend Yield | 0.38% | 1.01% | |
| Holdings | 91 | 505 | |
| YTD Return | +17.32% | +12.22% | |
| 1Y Return | +28.21% | +20.83% | |
| 3Y Return (annualized) | +26.71% | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 21.4% | 15.3% | |
| Max Drawdown | -35.4% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 27, 2021 | Jan 22, 1993 |
QQMG vs SPY Performance
Invesco ESG NASDAQ 100 ETF (QQMG) 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 QQMG returned +28.21% while SPY returned +20.83%. Year to date, QQMG is up 17.32% versus a gain of 12.22% for SPY.
Over three years, QQMG compounded at +26.71% per year against +21.70% for SPY. Across the full 5-year window we track, QQMG has the edge at +15.65% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQMG has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -35.4% for QQMG 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 0.91. 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 0.38% against 1.01% for SPY.
Holdings Overlap
QQMG and SPY share 76 holdings out of 518 unique holdings combined, representing a 50.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
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. On a $10,000 investment, that is $11 per year of difference.
Which performed better, QQMG or SPY?
Over the past year QQMG returned +28.21% vs +20.83% for SPY, so QQMG leads on 1-year performance. Over the longest common window we track (5 years), QQMG annualized +15.65% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, QQMG or SPY?
QQMG has been the more volatile fund at 21.4% annualized versus 15.3% for SPY. Worst drawdown: QQMG -35.4% vs SPY -56.5%.
Should I hold both QQMG and SPY?
QQMG and SPY have a monthly-return correlation of 0.91, 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 QQMG and SPY?
QQMG and SPY share 76 common holdings with a 50.5% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, QQMG or SPY?
QQMG yields 0.38% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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