QQQ vs SHE
Invesco QQQ Trust, Series 1 vs State Street SPDR MSCI USA Gender Diversity ETF
Which is better, QQQ or SHE?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, SHE over 1Y. SHE is less concentrated, with 35.0% of the fund in its ten largest positions against 46.5%.
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 | QQQ | SHE |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.20% |
| AUM | $483.5B | $329M |
| Dividend Yield | 0.44% | 1.05% |
| Holdings | 107 | 234 |
| YTD Return | +15.18% | +18.40%Best |
| 1Y Return | +19.65% | +25.11%Best |
| 3Y Return (annualized) | +24.60%Best | +22.37% |
| 5Y Return (annualized) | +13.94%Best | +9.82% |
| Volatility (annualized) | 18.8% | 16.4%Best |
| Max Drawdown | -35.1%Best | -36.2% |
| $10,000 over 5 years | $19,204Best | $15,974 |
| Top 10 Weight | 46.5% | 35.0%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Mar 7, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Mar 8, 2016 to Sep 15, 2026 (10.5 years).
QQQ vs SHE 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 10.5 years both funds cover.
QQQ vs SHE Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and State Street SPDR MSCI USA Gender Diversity ETF (SHE) is an ETF from State Street Investment Management. Over the past year QQQ returned +19.65% while SHE returned +25.11%. Year to date, QQQ is up 15.18% versus a gain of 18.40% for SHE.
Over three years, QQQ compounded at +24.60% per year against +22.37% for SHE; over five years the annualized figures are +13.94% and +9.82% respectively. Across the full 11-year window we track, QQQ has the edge at +20.29% annualized vs +10.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 16.4% for SHE. 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 -35.1% for QQQ and -36.2% for SHE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SHE charges 0.20%. On a $10,000 position that is $18 vs $20 annually, a gap of $2 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.05% for SHE.
Holdings Overlap
39.8% of QQQ's money is in holdings SHE also owns. 40.3% of SHE's money is in holdings QQQ also owns.
The two portfolios partly overlap.
37 positions in common, counted across the 102 positions we hold weights for in QQQ and 231 in SHE, against full books of 107 and 234.
What only one of them owns
Our book lists 185 positions for SHE that do not appear in our book for QQQ (58.1% of the fund), and 59 for QQQ that do not appear in SHE (57.7%).
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 QQQ | Weight in SHE | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 4.55% | 3.89% |
| MSFTMicrosoft Corp | 5.76% | 4.70% | 1.06% |
| MUMicron Technology, Inc. | 4.43% | 4.59% | 0.16% |
| AMDAdvanced Micro Devices Inc | 3.45% | 4.53% | 1.08% |
| NFLXNetflix, Inc. | 1.37% | 4.53% | 3.16% |
| INTCIntel Corporation | 2.23% | 3.00% | 0.77% |
| COSTCostco Wholesale Corp. | 1.84% | 1.37% | 0.47% |
| ADIAnalog Devices, Inc. | 0.81% | 1.30% | 0.49% |
| QCOMQualcomm Inc. | 0.73% | 1.20% | 0.47% |
| AMGNAmgen Inc. | 0.97% | 0.69% | 0.28% |
40.3% of SHE is already inside QQQ.
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, QQQ or SHE?
QQQ has an expense ratio of 0.18% while SHE charges 0.20%. QQQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, QQQ or SHE?
Over the past year QQQ returned +19.65% vs +25.11% for SHE, so SHE leads on 1-year performance. Over the longest common window we track (11 years), QQQ annualized +20.29% vs +10.36% for SHE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SHE?
QQQ has been the more volatile fund at 18.8% annualized versus 16.4% for SHE. Worst drawdown: QQQ -35.1% vs SHE -36.2%.
Should I hold both QQQ and SHE?
QQQ and SHE have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and SHE?
40.3% of SHE's money is in holdings QQQ also owns. 40.3% of SHE's is in holdings QQQ also owns. They hold 37 positions in common, counted across the 102 positions we hold weights for in QQQ and 231 in SHE.
Which pays a higher dividend, QQQ or SHE?
QQQ yields 0.44% while SHE yields 1.05%, so SHE currently pays the higher dividend yield.
Is SHE better than QQQ?
QQQ has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, SHE over 1Y. SHE is less concentrated, with 35.0% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.