QQQ vs SPBX
Invesco QQQ Trust, Series 1 vs AllianzIM 6 Month Buffer10 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 | SPBX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.79% | |
| AUM | $496.3B | $72M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 7 | |
| YTD Return | +16.64% | +8.23% | |
| 1Y Return | +27.27% | +12.94% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 6.6% | |
| Max Drawdown | -83.0% | -11.1% | |
| Fund Family | Invesco (US) | AllianzIM | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Jan 7, 2025 |
QQQ vs SPBX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) is a ETF from AllianzIM. Over the past year QQQ returned +27.27% while SPBX returned +12.94%. Year to date, QQQ is up 16.64% versus a gain of 8.23% for SPBX.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 6.6% for SPBX. 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 -11.1% for SPBX. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPBX 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 SPBX.
Holdings Overlap
QQQ and SPBX share 0 holdings out of 108 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 SPBX?
QQQ has an expense ratio of 0.18% while SPBX 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 SPBX?
Over the past year QQQ returned +27.27% vs +12.94% for SPBX, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.03% vs +11.31% for SPBX. Past performance does not guarantee future results.
Which is riskier, QQQ or SPBX?
QQQ has been the more volatile fund at 30.6% annualized versus 6.6% for SPBX. Worst drawdown: QQQ -83.0% vs SPBX -11.1%.
Should I hold both QQQ and SPBX?
QQQ and SPBX have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPBX?
QQQ and SPBX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, QQQ or SPBX?
QQQ yields 0.44% while SPBX yields 0.00%, so QQQ currently pays the higher dividend yield.
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