QQQ vs SPIN
Invesco QQQ Trust, Series 1 vs State Street US Equity Premium Income 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 | SPIN | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.25% | |
| AUM | $455.8B | $46M | |
| Dividend Yield | 0.41% | 5.68% | |
| Holdings | 108 | 197 | |
| YTD Return | +17.85% | +3.83% | |
| 1Y Return | +26.45% | +11.97% | |
| 3Y Return (annualized) | +26.07% | - | |
| 5Y Return (annualized) | +15.16% | - | |
| Volatility (annualized) | 30.6% | 9.5% | |
| Max Drawdown | -83.0% | -16.9% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 4, 2024 |
QQQ vs SPIN Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street US Equity Premium Income ETF (SPIN) is a ETF from State Street Investment Management. Over the past year QQQ returned +26.45% while SPIN returned +11.97%. Year to date, QQQ is up 17.85% versus a gain of 3.83% for SPIN.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 9.5% 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 -83.0% for QQQ and -16.9% for SPIN. 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 0.77. 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 0.41% against 5.68% for SPIN.
Holdings Overlap
QQQ and SPIN share 31 holdings out of 170 unique holdings combined, representing a 48.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $7 per year of difference.
Which performed better, QQQ or SPIN?
Over the past year QQQ returned +26.45% vs +11.97% for SPIN, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.09% vs +12.40% for SPIN. Past performance does not guarantee future results.
Which is riskier, QQQ or SPIN?
QQQ has been the more volatile fund at 30.6% annualized versus 9.5% for SPIN. Worst drawdown: QQQ -83.0% vs SPIN -16.9%.
Should I hold both QQQ and SPIN?
QQQ and SPIN have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPIN?
QQQ and SPIN share 31 common holdings with a 48.4% weight overlap. Combined, they hold 170 unique securities.
Which pays a higher dividend, QQQ or SPIN?
QQQ yields 0.41% while SPIN yields 5.68%, so SPIN currently pays the higher dividend yield.
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