QQQ vs SPGM
Invesco QQQ Trust, Series 1 vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Which is better, QQQ or SPGM?
Large Cap Growth against Large Cap Blend.
SPGM has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, SPGM over 1Y.
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 | SPGM |
|---|---|---|
| Expense Ratio | 0.18% | 0.09%Best |
| AUM | $437.3B | $1.7B |
| Dividend Yield | 0.43% | 1.81% |
| Holdings | 208 | 2,922 |
| YTD Return | +12.98%Best | +11.70% |
| 1Y Return | +11.59% | +13.32%Best |
| 3Y Return (annualized) | +23.05%Best | +21.19% |
| 5Y Return (annualized) | +12.74%Best | +10.30% |
| Volatility (annualized) | 17.5% | 13.5%Best |
| Max Drawdown | -35.1% | -34.0%Best |
| $10,000 over 5 years | $18,213Best | $16,326 |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Feb 27, 2012 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 28, 2012 to Nov 11, 2026 (14.7 years).
QQQ vs SPGM 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 14.7 years both funds cover.
QQQ vs SPGM Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is an ETF from State Street Investment Management. Over the past year QQQ returned +11.59% while SPGM returned +13.32%. Year to date, QQQ is up 12.98% versus a gain of 11.70% for SPGM.
Over three years, QQQ compounded at +23.05% per year against +21.19% for SPGM; over five years the annualized figures are +12.74% and +10.30% respectively. Across the full 15-year window we track, QQQ has the edge at +17.74% annualized vs +9.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 13.5% for SPGM. 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 -34.0% for SPGM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPGM charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, QQQ currently yields 0.43% against 1.81% for SPGM.
Holdings Overlap
At least 95.8% of QQQ's money is in holdings SPGM also owns.
Stated as a floor: for SPGM, our book for it covers 94.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of QQQ is already inside SPGM. Owning both mostly buys the same companies twice.
86 positions in common, counted across the 101 positions we hold weights for in QQQ and 2,789 in SPGM, against full books of 208 and 2,922.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPGM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.05% | 4.69% | 3.36% |
| AAPLApple Inc | 7.68% | 4.18% | 3.50% |
| MSFTMicrosoft Corp | 6.16% | 3.14% | 3.02% |
| AMZNAmazon.Com Inc | 4.23% | 1.98% | 2.25% |
| MUMicron Technology, Inc. | 4.47% | 1.02% | 3.45% |
| GOOGLAlphabet Inc | 3.15% | 1.72% | 1.43% |
| AMDAdvanced Micro Devices Inc | 3.90% | 0.86% | 3.04% |
| METAMeta Platforms Inc | 3.37% | 1.37% | 2.00% |
| GOOGAlphabet Inc. C | 2.93% | 1.43% | 1.50% |
| AVGOBroadcom Inc | 2.52% | 1.36% | 1.16% |
95.8% of QQQ is already inside SPGM.
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 SPGM?
QQQ has an expense ratio of 0.18% while SPGM charges 0.09%. SPGM is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, QQQ or SPGM?
Over the past year QQQ returned +11.59% vs +13.32% for SPGM, so SPGM leads on 1-year performance. Over the longest common window we track (15 years), QQQ annualized +17.74% vs +9.53% for SPGM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPGM?
QQQ has been the more volatile fund at 17.5% annualized versus 13.5% for SPGM. Worst drawdown: QQQ -35.1% vs SPGM -34.0%.
Should I hold both QQQ and SPGM?
QQQ and SPGM have a monthly-return correlation of 0.85, 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 SPGM?
At least 95.8% of QQQ's money is in holdings SPGM also owns. Our book for SPGM is partial, so the real figure is this or higher. They hold 86 positions in common, counted across the 101 positions we hold weights for in QQQ and 2,789 in SPGM.
Which pays a higher dividend, QQQ or SPGM?
QQQ yields 0.43% while SPGM yields 1.81%, so SPGM currently pays the higher dividend yield.
Is SPGM better than QQQ?
SPGM has a lower expense ratio. QQQ led over 3Y, 5Y and the full window, SPGM over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.