QQQ vs SPCZ
Invesco QQQ Trust, Series 1 vs RiverNorth Enhanced Pre-Merger SPAC ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. SPCZ offers more diversification with 171 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPCZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.90% | |
| AUM | $496.3B | $7M | |
| Dividend Yield | 0.44% | 9.67% | |
| Holdings | 108 | 171 | |
| YTD Return | +16.64% | +2.04% | |
| 1Y Return | +27.27% | -5.75% | |
| 3Y Return (annualized) | +25.96% | +2.41% | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 6.5% | |
| Max Drawdown | -83.0% | -12.3% | |
| Fund Family | Invesco (US) | RiverNorth | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jul 11, 2022 |
QQQ vs SPCZ Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is a ETF from RiverNorth. Over the past year QQQ returned +27.27% while SPCZ returned -5.75%. Year to date, QQQ is up 16.64% versus a gain of 2.04% for SPCZ.
Over three years, QQQ compounded at +25.96% per year against +2.41% for SPCZ. Across the full 4-year window we track, QQQ has the edge at +13.03% annualized vs +3.33%. 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 6.5% for SPCZ. 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 -12.3% for SPCZ. 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 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPCZ charges 0.90%. On a $10,000 position that is $18 vs $90 annually, a gap of $72 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 9.67% for SPCZ.
Holdings Overlap
QQQ and SPCZ share 0 holdings out of 189 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 SPCZ?
QQQ has an expense ratio of 0.18% while SPCZ charges 0.90%. QQQ is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, QQQ or SPCZ?
Over the past year QQQ returned +27.27% vs -5.75% for SPCZ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +13.03% vs +3.33% for SPCZ. Past performance does not guarantee future results.
Which is riskier, QQQ or SPCZ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.5% for SPCZ. Worst drawdown: QQQ -83.0% vs SPCZ -12.3%.
Should I hold both QQQ and SPCZ?
QQQ and SPCZ have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPCZ?
QQQ and SPCZ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 189 unique securities.
Which pays a higher dividend, QQQ or SPCZ?
QQQ yields 0.44% while SPCZ yields 9.67%, so SPCZ currently pays the higher dividend yield.
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