QQQ vs SPBW
Invesco QQQ Trust, Series 1 vs AllianzIM Buffer20 Allocation 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 | SPBW | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.79% | |
| AUM | $496.3B | $84M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 13 | |
| YTD Return | +16.23% | +5.96% | |
| 1Y Return | +26.23% | +9.98% | |
| 3Y Return (annualized) | +25.75% | - | |
| 5Y Return (annualized) | +14.78% | - | |
| Volatility (annualized) | 30.6% | 4.9% | |
| Max Drawdown | -83.0% | -8.8% | |
| Fund Family | Invesco (US) | AllianzIM | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jan 7, 2025 |
QQQ vs SPBW Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and AllianzIM Buffer20 Allocation ETF (SPBW) is a ETF from AllianzIM. Over the past year QQQ returned +26.23% while SPBW returned +9.98%. Year to date, QQQ is up 16.23% versus a gain of 5.96% for SPBW.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 4.9% for SPBW. 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 -8.8% for SPBW. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPBW charges 0.79%. On a $10,000 position that is $18 vs $79 annually, a gap of $61 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.00% for SPBW.
Holdings Overlap
QQQ and SPBW share 0 holdings out of 105 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 SPBW?
QQQ has an expense ratio of 0.18% while SPBW charges 0.79%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, QQQ or SPBW?
Over the past year QQQ returned +26.23% vs +9.98% for SPBW, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.02% vs +9.76% for SPBW. Past performance does not guarantee future results.
Which is riskier, QQQ or SPBW?
QQQ has been the more volatile fund at 30.6% annualized versus 4.9% for SPBW. Worst drawdown: QQQ -83.0% vs SPBW -8.8%.
Should I hold both QQQ and SPBW?
QQQ and SPBW have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPBW?
QQQ and SPBW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, QQQ or SPBW?
QQQ yields 0.44% while SPBW yields 0.00%, so QQQ currently pays the higher dividend yield.
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