QQQ vs SPDV
Invesco QQQ Trust, Series 1 vs AAM S&P 500 High Dividend Value ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPDV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.29% | |
| AUM | $455.8B | $102M | |
| Dividend Yield | 0.41% | 3.37% | |
| Holdings | 108 | 54 | |
| YTD Return | +19.68% | +20.42% | |
| 1Y Return | +26.75% | +26.70% | |
| 3Y Return (annualized) | +26.25% | +17.25% | |
| 5Y Return (annualized) | +15.39% | +10.38% | |
| Volatility (annualized) | 30.6% | 18.3% | |
| Max Drawdown | -83.0% | -45.4% | |
| Fund Family | Invesco (US) | Advisors Asset Management, Inc. | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Nov 28, 2017 |
QQQ vs SPDV Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and AAM S&P 500 High Dividend Value ETF (SPDV) is a ETF from Advisors Asset Management, Inc.. Over the past year QQQ returned +26.75% while SPDV returned +26.70%. Year to date, QQQ is up 19.68% versus a gain of 20.42% for SPDV.
Over three years, QQQ compounded at +26.25% per year against +17.25% for SPDV; over five years the annualized figures are +15.39% and +10.38% respectively. Across the full 9-year window we track, QQQ has the edge at +13.15% annualized vs +8.32%. 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 18.3% for SPDV. 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 -45.4% for SPDV. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPDV charges 0.29%. On a $10,000 position that is $18 vs $29 annually, a gap of $11 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 3.37% for SPDV.
Holdings Overlap
QQQ and SPDV share 1 holdings out of 107 unique holdings combined, representing a 0.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPDV | Difference |
|---|---|---|---|
| AMGN | 0.86% | 1.83% | 0.97% |
Frequently Asked Questions
Which is cheaper, QQQ or SPDV?
QQQ has an expense ratio of 0.18% while SPDV charges 0.29%. QQQ is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, QQQ or SPDV?
Over the past year QQQ returned +26.75% vs +26.70% for SPDV, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), QQQ annualized +13.15% vs +8.32% for SPDV. Past performance does not guarantee future results.
Which is riskier, QQQ or SPDV?
QQQ has been the more volatile fund at 30.6% annualized versus 18.3% for SPDV. Worst drawdown: QQQ -83.0% vs SPDV -45.4%.
Should I hold both QQQ and SPDV?
QQQ and SPDV have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPDV?
QQQ and SPDV share 1 common holdings with a 0.9% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, QQQ or SPDV?
QQQ yields 0.41% while SPDV yields 3.37%, so SPDV currently pays the higher dividend yield.
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