QQQ vs SPCK
Invesco QQQ Trust, Series 1 vs The SPAC and New Issue 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 | SPCK | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 2.32% | |
| AUM | $455.8B | $8M | |
| Dividend Yield | 0.41% | 16.26% | |
| Holdings | 108 | 43 | |
| YTD Return | +19.68% | +1.44% | |
| 1Y Return | +26.75% | +4.18% | |
| 3Y Return (annualized) | +26.25% | +3.72% | |
| 5Y Return (annualized) | +15.39% | -1.30% | |
| Volatility (annualized) | 30.6% | 8.0% | |
| Max Drawdown | -83.0% | -28.3% | |
| Fund Family | Invesco (US) | AXS Investments | |
| Category | Equity | Alternative | |
| Inception | Mar 10, 1999 | Dec 15, 2020 |
QQQ vs SPCK Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and The SPAC and New Issue ETF (SPCK) is a ETF from AXS Investments. Over the past year QQQ returned +26.75% while SPCK returned +4.18%. Year to date, QQQ is up 19.68% versus a gain of 1.44% for SPCK.
Over three years, QQQ compounded at +26.25% per year against +3.72% for SPCK; over five years the annualized figures are +15.39% and -1.30% respectively. Across the full 6-year window we track, QQQ has the edge at +13.15% annualized vs +1.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.0% for SPCK. 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 -28.3% for SPCK. 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 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPCK charges 2.32%. On a $10,000 position that is $18 vs $232 annually, a gap of $214 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 16.26% for SPCK.
Holdings Overlap
QQQ and SPCK share 0 holdings out of 140 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 SPCK?
QQQ has an expense ratio of 0.18% while SPCK charges 2.32%. QQQ is the cheaper option. On a $10,000 investment, that is $214 per year of difference.
Which performed better, QQQ or SPCK?
Over the past year QQQ returned +26.75% vs +4.18% for SPCK, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +13.15% vs +1.15% for SPCK. Past performance does not guarantee future results.
Which is riskier, QQQ or SPCK?
QQQ has been the more volatile fund at 30.6% annualized versus 8.0% for SPCK. Worst drawdown: QQQ -83.0% vs SPCK -28.3%.
Should I hold both QQQ and SPCK?
QQQ and SPCK have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPCK?
QQQ and SPCK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, QQQ or SPCK?
QQQ yields 0.41% while SPCK yields 16.26%, so SPCK currently pays the higher dividend yield.
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