QQQ vs SPRX
Invesco QQQ Trust, Series 1 vs Spear Alpha ETF
Which is better, QQQ or SPRX?
SPRX has been ahead.
QQQ has a lower expense ratio. SPRX led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 66.1%.
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 | SPRX |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.75% |
| AUM | $498.6B | $231M |
| Dividend Yield | 0.42% | 0.00% |
| Holdings | 321 | 63 |
| YTD Return | +22.67% | +26.60%Best |
| 1Y Return | +24.33% | +26.90%Best |
| 3Y Return (annualized) | +29.05% | +44.51%Best |
| 5Y Return (annualized) | +17.00% | +21.20%Best |
| Volatility (annualized) | 20.8%Best | 38.6% |
| Max Drawdown | -35.1%Best | -51.2% |
| $10,000 over 5 years | $21,924 | $26,152Best |
| Top 10 Weight | 47.2%Best | 66.1% |
| Fund Family | Invesco (US) | Spear |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Aug 3, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Aug 4, 2021 to Oct 2, 2026 (5.2 years).
QQQ vs SPRX 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 5.2 years both funds cover.
QQQ vs SPRX Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Spear Alpha ETF (SPRX) is an ETF from Spear. Over the past year QQQ returned +24.33% while SPRX returned +26.90%. Year to date, QQQ is up 22.67% versus a gain of 26.60% for SPRX.
Over three years, QQQ compounded at +29.05% per year against +44.51% for SPRX; over five years the annualized figures are +17.00% and +21.20% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPRX has been the more volatile fund, with annualized monthly volatility of 38.6% compared with 20.8% 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 -51.2% for SPRX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPRX charges 0.75%. On a $10,000 position that is $18 vs $75 annually, a gap of $57 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.00% for SPRX.
Holdings Overlap
15.1% of QQQ's money is in holdings SPRX also owns. 46.7% of SPRX's money is in holdings QQQ also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 102 positions we hold weights for in QQQ and 31 in SPRX, against full books of 321 and 63.
What only one of them owns
Our book lists 13 positions for SPRX that do not appear in our book for QQQ (39.0% of the fund), and 83 for QQQ that do not appear in SPRX (82.7%).
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 SPRX | Difference |
|---|---|---|---|
| ALABAstera Labs Inc - Common | 0.22% | 10.34% | 10.12% |
| LRCXLrcx Uw Equity | 1.64% | 6.94% | 5.30% |
| LITELumentum Holdings Inc | 0.32% | 7.11% | 6.79% |
| SPCXSpace Exploration Technologies | 1.28% | 4.81% | 3.53% |
| KLACKla Corp | 1.04% | 4.38% | 3.34% |
| AMDAdvanced Micro Devices Inc | 3.71% | 0.65% | 3.06% |
| MRVLMarvell Technology Group Ltd. | 0.91% | 3.21% | 2.30% |
| TERTeradyne Inc - Common | 0.26% | 3.71% | 3.45% |
| SNDKSandisk Corp/De | 1.07% | 2.60% | 1.53% |
| METAMeta Platforms Inc | 3.07% | 0.13% | 2.94% |
46.7% of SPRX is already inside QQQ.
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 SPRX?
QQQ has an expense ratio of 0.18% while SPRX charges 0.75%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, QQQ or SPRX?
Over the past year QQQ returned +24.33% vs +26.90% for SPRX, so SPRX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPRX?
SPRX has been the more volatile fund at 38.6% annualized versus 20.8% for QQQ. Worst drawdown: QQQ -35.1% vs SPRX -51.2%.
Should I hold both QQQ and SPRX?
QQQ and SPRX have a monthly-return correlation of 0.84, 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 SPRX?
46.7% of SPRX's money is in holdings QQQ also owns. 46.7% of SPRX's is in holdings QQQ also owns. They hold 13 positions in common, counted across the 102 positions we hold weights for in QQQ and 31 in SPRX.
Which pays a higher dividend, QQQ or SPRX?
QQQ yields 0.42% while SPRX yields 0.00%, so QQQ currently pays the higher dividend yield.
Is SPRX better than QQQ?
QQQ has a lower expense ratio. SPRX led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 66.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.