QQQ vs SPRXX
Invesco QQQ Trust, Series 1 vs Fidelity Money Market Fund
Quick Verdict
QQQ has a lower expense ratio. SPRXX offers more diversification with 299 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPRXX | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.42% | |
| AUM | $496.3B | $11.8B | |
| Dividend Yield | 0.44% | 3.23% | |
| Holdings | 108 | 299 | |
| YTD Return | +16.64% | +0.00% | |
| 1Y Return | +27.27% | - | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | - | |
| Max Drawdown | -83.0% | 0.0% | |
| Fund Family | Invesco (US) | Fidelity Investments (US) | |
| Category | Equity | Money Market | |
| Inception | Mar 10, 1999 | Jan 23, 1989 |
QQQ vs SPRXX Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Fidelity Money Market Fund (SPRXX) is a mutual fund from Fidelity Investments (US). Year to date, QQQ is up 16.64% versus a gain of 0.00% for SPRXX.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -83.0% for QQQ and 0.0% for SPRXX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPRXX charges 0.42%. On a $10,000 position that is $18 vs $42 annually, a gap of $24 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 3.23% for SPRXX.
Holdings Overlap
QQQ and SPRXX share 0 holdings out of 115 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 SPRXX?
QQQ has an expense ratio of 0.18% while SPRXX charges 0.42%. QQQ is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
What is the holdings overlap between QQQ and SPRXX?
QQQ and SPRXX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 115 unique securities.
Which pays a higher dividend, QQQ or SPRXX?
QQQ yields 0.44% while SPRXX yields 3.23%, so SPRXX currently pays the higher dividend yield.
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