QQQ vs SMAP
Invesco QQQ Trust, Series 1 vs Amplify Small-Mid Cap Equity ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | SMAP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.60% | |
| AUM | $496.3B | $1M | |
| Dividend Yield | 0.44% | 0.42% | |
| Holdings | 108 | 57 | |
| YTD Return | +19.52% | +6.50% | |
| 1Y Return | +26.68% | +12.14% | |
| 3Y Return (annualized) | +26.64% | - | |
| 5Y Return (annualized) | +15.36% | - | |
| Volatility (annualized) | 30.6% | 15.0% | |
| Max Drawdown | -83.0% | -24.2% | |
| Fund Family | Invesco (US) | Amplify ETFs | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Oct 23, 2024 |
QQQ vs SMAP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Amplify Small-Mid Cap Equity ETF (SMAP) is a ETF from Amplify ETFs. Over the past year QQQ returned +26.68% while SMAP returned +12.14%. Year to date, QQQ is up 19.52% versus a gain of 6.50% for SMAP.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.0% for SMAP. 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 -24.2% for SMAP. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SMAP charges 0.60%. On a $10,000 position that is $18 vs $60 annually, a gap of $42 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.42% for SMAP.
Holdings Overlap
QQQ and SMAP share 4 holdings out of 154 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or SMAP?
QQQ has an expense ratio of 0.18% while SMAP charges 0.60%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, QQQ or SMAP?
Over the past year QQQ returned +26.68% vs +12.14% for SMAP, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.14% vs +5.13% for SMAP. Past performance does not guarantee future results.
Which is riskier, QQQ or SMAP?
QQQ has been the more volatile fund at 30.6% annualized versus 15.0% for SMAP. Worst drawdown: QQQ -83.0% vs SMAP -24.2%.
Should I hold both QQQ and SMAP?
QQQ and SMAP have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SMAP?
QQQ and SMAP share 4 common holdings with a 0.8% weight overlap. Combined, they hold 154 unique securities.
Which pays a higher dividend, QQQ or SMAP?
QQQ yields 0.44% while SMAP yields 0.42%, so QQQ currently pays the higher dividend yield.
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