QQQ vs SPRX
Invesco QQQ Trust, Series 1 vs Spear Alpha ETF
Quick Verdict
QQQ has a lower expense ratio. SPRX delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPRX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.75% | |
| AUM | $496.3B | $240M | |
| Dividend Yield | 0.44% | 0.00% | |
| Holdings | 108 | 28 | |
| YTD Return | +16.23% | +13.47% | |
| 1Y Return | +26.23% | +40.09% | |
| 3Y Return (annualized) | +25.75% | +37.27% | |
| 5Y Return (annualized) | +14.78% | +17.98% | |
| Volatility (annualized) | 30.6% | 39.1% | |
| Max Drawdown | -83.0% | -51.2% | |
| Fund Family | Invesco (US) | Spear | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Aug 3, 2021 |
QQQ vs SPRX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Spear Alpha ETF (SPRX) is a ETF from Spear. Over the past year QQQ returned +26.23% while SPRX returned +40.09%. Year to date, QQQ is up 16.23% versus a gain of 13.47% for SPRX.
Over three years, QQQ compounded at +25.75% per year against +37.27% for SPRX; over five years the annualized figures are +14.78% and +17.98% respectively. Across the full 5-year window we track, SPRX has the edge at +17.88% annualized vs +13.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPRX has been the more volatile fund, with annualized monthly volatility of 39.1% compared with 30.6% 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 -83.0% for QQQ and -51.2% for SPRX. 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 0.85. 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 0.44% against 0.00% for SPRX.
Holdings Overlap
QQQ and SPRX share 12 holdings out of 117 unique holdings combined, representing a 8.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $57 per year of difference.
Which performed better, QQQ or SPRX?
Over the past year QQQ returned +26.23% vs +40.09% for SPRX, so SPRX leads on 1-year performance. Over the longest common window we track (5 years), QQQ annualized +13.02% vs +17.88% for SPRX. Past performance does not guarantee future results.
Which is riskier, QQQ or SPRX?
SPRX has been the more volatile fund at 39.1% annualized versus 30.6% for QQQ. Worst drawdown: QQQ -83.0% vs SPRX -51.2%.
Should I hold both QQQ and SPRX?
QQQ and SPRX have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPRX?
QQQ and SPRX share 12 common holdings with a 8.9% weight overlap. Combined, they hold 117 unique securities.
Which pays a higher dividend, QQQ or SPRX?
QQQ yields 0.44% while SPRX yields 0.00%, so QQQ currently pays the higher dividend yield.
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