QQQ vs SLYV
Invesco QQQ Trust, Series 1 vs State Street SPDR S&P 600 Small Cap Value ETF
Quick Verdict
SLYV has a lower expense ratio. SLYV delivered stronger 1-year returns. SLYV offers more diversification with 463 holdings.
Side-by-Side Comparison
| Metric | QQQ | SLYV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.15% | |
| AUM | $496.3B | $5.1B | |
| Dividend Yield | 0.44% | 1.82% | |
| Holdings | 108 | 463 | |
| YTD Return | +16.64% | +21.37% | |
| 1Y Return | +27.27% | +33.56% | |
| 3Y Return (annualized) | +25.96% | +15.72% | |
| 5Y Return (annualized) | +14.54% | +8.28% | |
| Volatility (annualized) | 30.6% | 44.6% | |
| Max Drawdown | -83.0% | -63.1% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 25, 2000 |
QQQ vs SLYV Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street SPDR S&P 600 Small Cap Value ETF (SLYV) is a ETF from State Street Investment Management. Over the past year QQQ returned +27.27% while SLYV returned +33.56%. Year to date, QQQ is up 16.64% versus a gain of 21.37% for SLYV.
Over three years, QQQ compounded at +25.96% per year against +15.72% for SLYV; over five years the annualized figures are +14.54% and +8.28% respectively. Across the full 26-year window we track, SLYV has the edge at +13.55% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SLYV has been the more volatile fund, with annualized monthly volatility of 44.6% compared with 30.6% for QQQ. 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 -83.0% for QQQ and -63.1% for SLYV. 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SLYV charges 0.15%. On a $10,000 position that is $18 vs $15 annually, a gap of $3 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.82% for SLYV.
Holdings Overlap
QQQ and SLYV share 0 holdings out of 564 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, QQQ or SLYV?
QQQ has an expense ratio of 0.18% while SLYV charges 0.15%. SLYV is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, QQQ or SLYV?
Over the past year QQQ returned +27.27% vs +33.56% for SLYV, so SLYV leads on 1-year performance. Over the longest common window we track (26 years), QQQ annualized +13.03% vs +13.55% for SLYV. Past performance does not guarantee future results.
Which is riskier, QQQ or SLYV?
SLYV has been the more volatile fund at 44.6% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs SLYV -63.1%.
Should I hold both QQQ and SLYV?
QQQ and SLYV have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SLYV?
QQQ and SLYV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 564 unique securities.
Which pays a higher dividend, QQQ or SLYV?
QQQ yields 0.44% while SLYV yields 1.82%, so SLYV currently pays the higher dividend yield.
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