QQQ vs SPIP
Invesco QQQ Trust, Series 1 vs State Street SPDR Portfolio TIPS ETF
Quick Verdict
SPIP has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPIP | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.12% | |
| AUM | $455.8B | $1.0B | |
| Dividend Yield | 0.41% | 4.77% | |
| Holdings | 108 | 51 | |
| YTD Return | +19.68% | +0.01% | |
| 1Y Return | +26.75% | +0.92% | |
| 3Y Return (annualized) | +26.25% | +3.77% | |
| 5Y Return (annualized) | +15.39% | -0.01% | |
| Volatility (annualized) | 30.6% | 5.9% | |
| Max Drawdown | -83.0% | -18.7% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | May 25, 2007 |
QQQ vs SPIP Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street SPDR Portfolio TIPS ETF (SPIP) is a ETF from State Street Investment Management. Over the past year QQQ returned +26.75% while SPIP returned +0.92%. Year to date, QQQ is up 19.68% versus a gain of 0.01% for SPIP.
Over three years, QQQ compounded at +26.25% per year against +3.77% for SPIP; over five years the annualized figures are +15.39% and -0.01% respectively. Across the full 19-year window we track, QQQ has the edge at +13.15% annualized vs +1.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 5.9% for SPIP. 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 -18.7% for SPIP. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPIP charges 0.12%. On a $10,000 position that is $18 vs $12 annually, a gap of $6 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 4.77% for SPIP.
Holdings Overlap
QQQ and SPIP share 0 holdings out of 148 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or SPIP?
QQQ has an expense ratio of 0.18% while SPIP charges 0.12%. SPIP is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, QQQ or SPIP?
Over the past year QQQ returned +26.75% vs +0.92% for SPIP, so QQQ leads on 1-year performance. Over the longest common window we track (19 years), QQQ annualized +13.15% vs +1.56% for SPIP. Past performance does not guarantee future results.
Which is riskier, QQQ or SPIP?
QQQ has been the more volatile fund at 30.6% annualized versus 5.9% for SPIP. Worst drawdown: QQQ -83.0% vs SPIP -18.7%.
Should I hold both QQQ and SPIP?
QQQ and SPIP have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPIP?
QQQ and SPIP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 148 unique securities.
Which pays a higher dividend, QQQ or SPIP?
QQQ yields 0.41% while SPIP yields 4.77%, so SPIP currently pays the higher dividend yield.
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