QQQ vs SPUS
Invesco QQQ Trust, Series 1 vs SP Funds S&P 500 Sharia Industry Exclusions ETF
Which is better, QQQ or SPUS?
Nearly the same fund. QQQ costs less.
QQQ has a lower expense ratio. QQQ led over 3Y and the full window, SPUS over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.97. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 57.0%.
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 | SPUS |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.45% |
| AUM | $483.5B | $3.1B |
| Dividend Yield | 0.44% | 0.52% |
| Holdings | 107 | 219 |
| YTD Return | +17.95%Best | +15.46% |
| 1Y Return | +21.77% | +22.17%Best |
| 3Y Return (annualized) | +25.63%Best | +23.46% |
| 5Y Return (annualized) | +15.24% | +15.54%Best |
| Volatility (annualized) | 20.9% | 18.0%Best |
| Max Drawdown | -35.1% | -30.8%Best |
| $10,000 over 5 years | $20,324 | $20,590Best |
| Top 10 Weight | 46.5%Best | 57.0% |
| Fund Family | Invesco (US) | SP Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Dec 17, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Dec 18, 2019 to Sep 18, 2026 (6.8 years).
QQQ vs SPUS 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 6.8 years both funds cover.
QQQ vs SPUS Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an ETF from SP Funds. Over the past year QQQ returned +21.77% while SPUS returned +22.17%. Year to date, QQQ is up 17.95% versus a gain of 15.46% for SPUS.
Over three years, QQQ compounded at +25.63% per year against +23.46% for SPUS; over five years the annualized figures are +15.24% and +15.54% respectively. Across the full 7-year window we track, QQQ has the edge at +20.67% annualized vs +18.18%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 18.0% for SPUS. 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 -30.8% for SPUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPUS charges 0.45%. On a $10,000 position that is $18 vs $45 annually, a gap of $27 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.52% for SPUS.
Holdings Overlap
65.2% of QQQ's money is in holdings SPUS also owns. 68.0% of SPUS's money is in holdings QQQ also owns.
The two portfolios partly overlap.
54 positions in common, counted across the 102 positions we hold weights for in QQQ and 218 in SPUS, against full books of 107 and 219.
What only one of them owns
Our book lists 161 positions for SPUS that do not appear in our book for QQQ (31.4% of the fund), and 42 for QQQ that do not appear in SPUS (32.4%).
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 SPUS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 14.09% | 5.65% |
| AAPLApple, Inc | 7.27% | 12.37% | 5.10% |
| MSFTMicrosoft Corp | 5.76% | 9.57% | 3.81% |
| GOOGLAlphabet Inc,class A | 3.36% | 5.12% | 1.76% |
| AVGOBroadcom Inc | 3.16% | 4.49% | 1.33% |
| MUMicron Technology, Inc. | 4.43% | 2.78% | 1.65% |
| AMDAdvanced Micro Devices Inc | 3.45% | 1.92% | 1.53% |
| TSLATesla Inc | 2.56% | 2.59% | 0.03% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.10% | 1.13% | 0.97% |
| AMATApplied Materials, Inc. | 1.86% | 0.91% | 0.95% |
68.0% of SPUS 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 SPUS?
QQQ has an expense ratio of 0.18% while SPUS charges 0.45%. QQQ is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, QQQ or SPUS?
Over the past year QQQ returned +21.77% vs +22.17% for SPUS, so SPUS leads on 1-year performance. Over the longest common window we track (7 years), QQQ annualized +20.67% vs +18.18% for SPUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPUS?
QQQ has been the more volatile fund at 20.9% annualized versus 18.0% for SPUS. Worst drawdown: QQQ -35.1% vs SPUS -30.8%.
Should I hold both QQQ and SPUS?
QQQ and SPUS have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and SPUS?
68.0% of SPUS's money is in holdings QQQ also owns. 68.0% of SPUS's is in holdings QQQ also owns. They hold 54 positions in common, counted across the 102 positions we hold weights for in QQQ and 218 in SPUS.
Which pays a higher dividend, QQQ or SPUS?
QQQ yields 0.44% while SPUS yields 0.52%, so SPUS currently pays the higher dividend yield.
Is SPUS better than QQQ?
QQQ has a lower expense ratio. QQQ led over 3Y and the full window, SPUS over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.97. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 57.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.