QQQ vs SPIN
Invesco QQQ Trust, Series 1 vs State Street US Equity Premium Income ETF
Which is better, QQQ or SPIN?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. SPIN is less concentrated, with 46.1% 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 | SPIN |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.25% |
| AUM | $483.5B | $48M |
| Dividend Yield | 0.44% | 4.85% |
| Holdings | 107 | 101 |
| YTD Return | +15.21%Best | +0.81% |
| 1Y Return | +19.78%Best | +5.66% |
| 3Y Return (annualized) | +24.58% | - |
| 5Y Return (annualized) | +13.93% | - |
| Volatility (annualized) | 18.7% | 9.4%Best |
| Max Drawdown | -22.8% | -16.9%Best |
| $10,000 over 2 years | $15,351Best | $12,129 |
| Top 10 Weight | 46.5% | 46.1%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Sep 4, 2024 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 5, 2024 to Sep 16, 2026 (2 years).
QQQ vs SPIN 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 2 years both funds cover.
QQQ vs SPIN Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and State Street US Equity Premium Income ETF (SPIN) is an ETF from State Street Investment Management. Over the past year QQQ returned +19.78% while SPIN returned +5.66%. Year to date, QQQ is up 15.21% versus a gain of 0.81% for SPIN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 9.4% for SPIN. 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 -16.9% for SPIN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPIN 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 4.85% for SPIN.
Holdings Overlap
68.8% of QQQ's money is in holdings SPIN also owns. 57.0% of SPIN's money is in holdings QQQ also owns.
The two portfolios partly overlap.
33 positions in common, counted across the 102 positions we hold weights for in QQQ and 96 in SPIN, against full books of 107 and 101.
What only one of them owns
Our book lists 61 positions for SPIN that do not appear in our book for QQQ (41.4% of the fund), and 63 for QQQ that do not appear in SPIN (28.8%).
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 SPIN | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 9.74% | 1.30% |
| MSFTMicrosoft Corp | 5.76% | 7.32% | 1.56% |
| AAPLApple, Inc | 7.27% | 5.63% | 1.64% |
| AMZNAmazon.Com Inc | 4.67% | 4.94% | 0.27% |
| GOOGLAlphabet Inc,class A | 3.36% | 5.43% | 2.07% |
| MUMicron Technology, Inc. | 4.43% | 2.73% | 1.70% |
| AVGOBroadcom Inc | 3.16% | 3.33% | 0.17% |
| AMDAdvanced Micro Devices Inc | 3.45% | 2.18% | 1.27% |
| METAMeta Platforms Inc | 2.78% | 2.69% | 0.09% |
| GOOGAlphabet Inc | 3.13% | 0.81% | 2.32% |
68.8% of QQQ is already inside SPIN.
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 SPIN?
QQQ has an expense ratio of 0.18% while SPIN charges 0.25%. QQQ is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, QQQ or SPIN?
Over the past year QQQ returned +19.78% vs +5.66% for SPIN, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +23.90% vs +10.13% for SPIN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPIN?
QQQ has been the more volatile fund at 18.7% annualized versus 9.4% for SPIN. Worst drawdown: QQQ -22.8% vs SPIN -16.9%.
Should I hold both QQQ and SPIN?
QQQ and SPIN have a monthly-return correlation of 0.78, 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 SPIN?
68.8% of QQQ's money is in holdings SPIN also owns. 57.0% of SPIN's is in holdings QQQ also owns. They hold 33 positions in common, counted across the 102 positions we hold weights for in QQQ and 96 in SPIN.
Which pays a higher dividend, QQQ or SPIN?
QQQ yields 0.44% while SPIN yields 4.85%, so SPIN currently pays the higher dividend yield.
Is SPIN better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. SPIN is less concentrated, with 46.1% 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.