QQQ vs SPDG
Invesco QQQ Trust, Series 1 vs State Street SPDR Portfolio S&P Sector Neutral Dividend ETF
Which is better, QQQ or SPDG?
Large Cap Growth against Large Cap Value.
SPDG has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. SPDG is less concentrated, with 42.0% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQQ | SPDG |
|---|---|---|
| Expense Ratio | 0.18% | 0.05%Best |
| AUM | $483.5B | $13M |
| Dividend Yield | 0.44% | 2.68% |
| Holdings | 107 | 277 |
| YTD Return | +17.21%Best | +13.73% |
| 1Y Return | +22.10%Best | +17.97% |
| 3Y Return (annualized) | +25.27%Best | +18.16% |
| 5Y Return (annualized) | +14.60% | - |
| Volatility (annualized) | 17.3% | 11.9%Best |
| Max Drawdown | -22.8% | -15.7%Best |
| $10,000 over 3 years | $19,503Best | $16,426 |
| Top 10 Weight | 46.5% | 42.0%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Sep 11, 2023 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 12, 2023 to Sep 17, 2026 (3 years).
QQQ vs SPDG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
QQQ vs SPDG Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) is an ETF from State Street Investment Management. Over the past year QQQ returned +22.10% while SPDG returned +17.97%. Year to date, QQQ is up 17.21% versus a gain of 13.73% for SPDG.
Over three years, QQQ compounded at +25.27% per year against +18.16% for SPDG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 11.9% for SPDG. 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 -22.8% for QQQ and -15.7% for SPDG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPDG charges 0.05%. On a $10,000 position that is $18 vs $5 annually, a gap of $13 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 2.68% for SPDG.
Holdings Overlap
11.2% of QQQ's money is in holdings SPDG also owns. 29.1% of SPDG's money is in holdings QQQ also owns.
SPDG and QQQ share little of their money.
19 positions in common, counted across the 102 positions we hold weights for in QQQ and 274 in SPDG, against full books of 107 and 277.
What only one of them owns
Our book lists 252 positions for SPDG that do not appear in our book for QQQ (68.9% of the fund), and 77 for QQQ that do not appear in SPDG (86.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPDG | Difference |
|---|---|---|---|
| CSCOCisco Systems Inc. - Ordinary Shares | 2.10% | 7.94% | 5.84% |
| TXNTexas Instrument Inc | 1.12% | 4.18% | 3.06% |
| QCOMQualcomm Inc. | 0.73% | 3.29% | 2.56% |
| ADIAnalog Devices, Inc. | 0.81% | 3.15% | 2.34% |
| CMCSAComcast Corp-class A Cmcsa | 0.39% | 3.12% | 2.73% |
| PEPPepsico Inc. | 0.83% | 0.93% | 0.10% |
| SBUXStarbucks Corp | 0.53% | 1.20% | 0.67% |
| AMGNAmgen Inc. | 0.97% | 0.68% | 0.29% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 0.26% | 0.99% | 0.73% |
| GILDGilead Sciences | 0.72% | 0.52% | 0.20% |
29.1% of SPDG is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or SPDG?
QQQ has an expense ratio of 0.18% while SPDG charges 0.05%. SPDG is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, QQQ or SPDG?
Over the past year QQQ returned +22.10% vs +17.97% for SPDG, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPDG?
QQQ has been the more volatile fund at 17.3% annualized versus 11.9% for SPDG. Worst drawdown: QQQ -22.8% vs SPDG -15.7%.
Should I hold both QQQ and SPDG?
QQQ and SPDG have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and SPDG?
29.1% of SPDG's money is in holdings QQQ also owns. 29.1% of SPDG's is in holdings QQQ also owns. They hold 19 positions in common, counted across the 102 positions we hold weights for in QQQ and 274 in SPDG.
Which pays a higher dividend, QQQ or SPDG?
QQQ yields 0.44% while SPDG yields 2.68%, so SPDG currently pays the higher dividend yield.
Is SPDG better than QQQ?
SPDG has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. SPDG is less concentrated, with 42.0% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.