QQQ vs SPAXX
Invesco QQQ Trust, Series 1 vs Fidelity Government Money Market Fund
Quick Verdict
QQQ has a lower expense ratio. SPAXX offers more diversification with 700 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPAXX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.42% | |
| AUM | $496.3B | $423.8B | |
| Dividend Yield | 0.44% | 3.18% | |
| Holdings | 108 | 700 | |
| YTD Return | +16.64% | +0.00% | |
| 1Y Return | +27.27% | - | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | - | |
| Max Drawdown | -83.0% | 0.0% | |
| Fund Family | Invesco (US) | Fidelity Investments (US) | |
| Category | Equity | Money Market | |
| Inception | Mar 10, 1999 | Feb 5, 1990 |
QQQ vs SPAXX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Fidelity Government Money Market Fund (SPAXX) is a mutual fund from Fidelity Investments (US). Year to date, QQQ is up 16.64% versus a gain of 0.00% for SPAXX.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -83.0% for QQQ and 0.0% for SPAXX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPAXX charges 0.42%. On a $10,000 position that is $18 vs $42 annually, a gap of $24 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 3.18% for SPAXX.
Holdings Overlap
QQQ and SPAXX share 0 holdings out of 142 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 SPAXX?
QQQ has an expense ratio of 0.18% while SPAXX charges 0.42%. QQQ is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
What is the holdings overlap between QQQ and SPAXX?
QQQ and SPAXX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 142 unique securities.
Which pays a higher dividend, QQQ or SPAXX?
QQQ yields 0.44% while SPAXX yields 3.18%, so SPAXX currently pays the higher dividend yield.
Popular Fund Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.