QQQ vs SPDV
Invesco QQQ Trust, Series 1 vs AAM S&P 500 High Dividend Value ETF
Which is better, QQQ or SPDV?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. SPDV is less concentrated, with 20.6% 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 | SPDV |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.29% |
| AUM | $483.5B | $106M |
| Dividend Yield | 0.44% | 3.23% |
| Holdings | 107 | 52 |
| YTD Return | +16.87% | +20.09%Best |
| 1Y Return | +22.98%Best | +21.89% |
| 3Y Return (annualized) | +24.98%Best | +17.76% |
| 5Y Return (annualized) | +14.39%Best | +10.65% |
| Volatility (annualized) | 20.0% | 18.3%Best |
| Max Drawdown | -35.1%Best | -45.4% |
| $10,000 over 5 years | $19,586Best | $16,587 |
| Top 10 Weight | 46.5% | 20.6%Best |
| Fund Family | Invesco (US) | Advisors Asset Management, Inc. |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Nov 28, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Nov 29, 2017 to Sep 11, 2026 (8.8 years).
QQQ vs SPDV 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 8.8 years both funds cover.
QQQ vs SPDV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and AAM S&P 500 High Dividend Value ETF (SPDV) is an ETF from Advisors Asset Management, Inc.. Over the past year QQQ returned +22.98% while SPDV returned +21.89%. Year to date, QQQ is up 16.87% versus a gain of 20.09% for SPDV.
Over three years, QQQ compounded at +24.98% per year against +17.76% for SPDV; over five years the annualized figures are +14.39% and +10.65% respectively. Across the full 9-year window we track, QQQ has the edge at +19.55% annualized vs +8.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -35.1% for QQQ and -45.4% for SPDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
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 0.44% against 3.23% for SPDV.
Holdings Overlap
3.1% of QQQ's money is in holdings SPDV also owns. 12.6% of SPDV's money is in holdings QQQ also owns.
SPDV and QQQ share little of their money.
7 positions in common, counted across the 102 positions we hold weights for in QQQ and 55 in SPDV, against full books of 107 and 52.
What only one of them owns
Our book lists 46 positions for SPDV that do not appear in our book for QQQ (83.9% of the fund), and 88 for QQQ that do not appear in SPDV (93.9%).
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 SPDV | Difference |
|---|---|---|---|
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.82% | 1.69% | 0.87% |
| ADPAutomatic Data Processing, Inc. | 0.47% | 1.96% | 1.49% |
| CMCSAComcast Corp. Class A | 0.39% | 1.97% | 1.58% |
| QCOMQualcomm Inc. | 0.73% | 1.61% | 0.88% |
| CEGConstellation Energy Corp | 0.42% | 1.72% | 1.30% |
| PAYXPaychex, Inc. | 0.19% | 1.91% | 1.72% |
| KHCKraft Heinz Co. | 0.13% | 1.69% | 1.56% |
You are not choosing between two funds in isolation.
Whichever of QQQ and SPDV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $11 a year on a $10,000 investment.
Which performed better, QQQ or SPDV?
Over the past year QQQ returned +22.98% vs +21.89% for SPDV, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), QQQ annualized +19.55% vs +8.21% for SPDV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPDV?
QQQ has been the more volatile fund at 20.0% annualized versus 18.3% for SPDV. Worst drawdown: QQQ -35.1% vs SPDV -45.4%.
Should I hold both QQQ and SPDV?
QQQ and SPDV have a monthly-return correlation of 0.58, 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 SPDV?
12.6% of SPDV's money is in holdings QQQ also owns. 12.6% of SPDV's is in holdings QQQ also owns. They hold 7 positions in common, counted across the 102 positions we hold weights for in QQQ and 55 in SPDV.
Which pays a higher dividend, QQQ or SPDV?
QQQ yields 0.44% while SPDV yields 3.23%, so SPDV currently pays the higher dividend yield.
Is SPDV better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. SPDV is less concentrated, with 20.6% 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.