QQQ vs SPHB
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 High Beta ETF
Which is better, QQQ or SPHB?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over the full window, SPHB over 1Y, 3Y and 5Y. SPHB is less concentrated, with 18.5% 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 | SPHB |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.25% |
| AUM | $483.5B | $891M |
| Dividend Yield | 0.44% | 0.56% |
| Holdings | 107 | 102 |
| YTD Return | +22.20% | +29.24%Best |
| 1Y Return | +24.58% | +38.63%Best |
| 3Y Return (annualized) | +28.38% | +30.85%Best |
| 5Y Return (annualized) | +15.80% | +16.63%Best |
| Volatility (annualized) | 17.5%Best | 24.6% |
| Max Drawdown | -35.1%Best | -47.8% |
| $10,000 over 5 years | $20,823 | $21,580Best |
| Top 10 Weight | 46.5% | 18.5%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | May 5, 2011 |
Volatility and max drawdown are measured over the window both funds cover: May 5, 2011 to Sep 22, 2026 (15.4 years).
QQQ vs SPHB 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 15.4 years both funds cover.
QQQ vs SPHB Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco S&P 500 High Beta ETF (SPHB) is an ETF from Invesco (US). Over the past year QQQ returned +24.58% while SPHB returned +38.63%. Year to date, QQQ is up 22.20% versus a gain of 29.24% for SPHB.
Over three years, QQQ compounded at +28.38% per year against +30.85% for SPHB; over five years the annualized figures are +15.80% and +16.63% respectively. Across the full 15-year window we track, QQQ has the edge at +18.29% annualized vs +13.07%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPHB has been the more volatile fund, with annualized monthly volatility of 24.6% compared with 17.5% for QQQ. 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 -47.8% for SPHB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPHB charges 0.25%. On a $10,000 position that is $18 vs $25 annually, a gap of $7 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.56% for SPHB.
Holdings Overlap
47.1% of QQQ's money is in holdings SPHB also owns. 33.4% of SPHB's money is in holdings QQQ also owns.
The two portfolios partly overlap.
29 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in SPHB, against full books of 107 and 102.
What only one of them owns
Our book lists 69 positions for SPHB that do not appear in our book for QQQ (63.1% of the fund), and 67 for QQQ that do not appear in SPHB (50.4%).
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 SPHB | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 0.98% | 7.46% |
| MUMicron Technology, Inc. | 4.43% | 1.88% | 2.55% |
| AMZNAmazon.Com Inc | 4.67% | 0.78% | 3.89% |
| AVGOBroadcom Inc | 3.16% | 1.01% | 2.15% |
| TSLATesla Inc | 2.56% | 1.32% | 1.24% |
| GOOGAlphabet Inc | 3.13% | 0.70% | 2.43% |
| INTCIntel Corporation | 2.23% | 1.30% | 0.93% |
| SNDKSandisk Corp/De | 0.88% | 2.65% | 1.77% |
| METAMeta Platforms Inc | 2.78% | 0.73% | 2.05% |
| LRCXLrcx Uw Equity | 1.69% | 1.56% | 0.13% |
47.1% of QQQ is already inside SPHB.
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 SPHB?
QQQ has an expense ratio of 0.18% while SPHB charges 0.25%. QQQ is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, QQQ or SPHB?
Over the past year QQQ returned +24.58% vs +38.63% for SPHB, so SPHB leads on 1-year performance. Over the longest common window we track (15 years), QQQ annualized +18.29% vs +13.07% for SPHB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPHB?
SPHB has been the more volatile fund at 24.6% annualized versus 17.5% for QQQ. Worst drawdown: QQQ -35.1% vs SPHB -47.8%.
Should I hold both QQQ and SPHB?
QQQ and SPHB have a monthly-return correlation of 0.80, 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 SPHB?
47.1% of QQQ's money is in holdings SPHB also owns. 33.4% of SPHB's is in holdings QQQ also owns. They hold 29 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in SPHB.
Which pays a higher dividend, QQQ or SPHB?
QQQ yields 0.44% while SPHB yields 0.56%, so SPHB currently pays the higher dividend yield.
Is SPHB better than QQQ?
QQQ has a lower expense ratio. QQQ led over the full window, SPHB over 1Y, 3Y and 5Y. SPHB is less concentrated, with 18.5% 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.