QQQ vs SPSK
Invesco QQQ Trust, Series 1 vs SP Funds Dow Jones Global Sukuk ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. SPSK offers more diversification with 170 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPSK | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.50% | |
| AUM | $496.3B | $653M | |
| Dividend Yield | 0.44% | 4.51% | |
| Holdings | 108 | 170 | |
| YTD Return | +16.23% | +0.14% | |
| 1Y Return | +26.23% | +1.55% | |
| 3Y Return (annualized) | +25.75% | +4.44% | |
| 5Y Return (annualized) | +14.78% | +0.80% | |
| Volatility (annualized) | 30.6% | 4.6% | |
| Max Drawdown | -83.0% | -13.1% | |
| Fund Family | Invesco (US) | SP Funds | |
| Category | Equity | Fixed Income | |
| Inception | Mar 10, 1999 | Dec 27, 2019 |
QQQ vs SPSK Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and SP Funds Dow Jones Global Sukuk ETF (SPSK) is a ETF from SP Funds. Over the past year QQQ returned +26.23% while SPSK returned +1.55%. Year to date, QQQ is up 16.23% versus a gain of 0.14% for SPSK.
Over three years, QQQ compounded at +25.75% per year against +4.44% for SPSK; over five years the annualized figures are +14.78% and +0.80% respectively. Across the full 7-year window we track, QQQ has the edge at +13.02% annualized vs +0.75%. 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 4.6% for SPSK. 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 -13.1% for SPSK. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPSK charges 0.50%. On a $10,000 position that is $18 vs $50 annually, a gap of $32 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 4.51% for SPSK.
Holdings Overlap
QQQ and SPSK share 0 holdings out of 110 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 SPSK?
QQQ has an expense ratio of 0.18% while SPSK charges 0.50%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, QQQ or SPSK?
Over the past year QQQ returned +26.23% vs +1.55% for SPSK, so QQQ leads on 1-year performance. Over the longest common window we track (7 years), QQQ annualized +13.02% vs +0.75% for SPSK. Past performance does not guarantee future results.
Which is riskier, QQQ or SPSK?
QQQ has been the more volatile fund at 30.6% annualized versus 4.6% for SPSK. Worst drawdown: QQQ -83.0% vs SPSK -13.1%.
Should I hold both QQQ and SPSK?
QQQ and SPSK have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPSK?
QQQ and SPSK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 110 unique securities.
Which pays a higher dividend, QQQ or SPSK?
QQQ yields 0.44% while SPSK yields 4.51%, so SPSK currently pays the higher dividend yield.
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