QQQ vs SPUT
Invesco QQQ Trust, Series 1 vs Innovator Equity Premium Income - Daily PutWrite ETF
Which is better, QQQ or SPUT?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
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 | SPUT |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.79% |
| AUM | $483.5B | $17M |
| Dividend Yield | 0.44% | 4.90% |
| Holdings | 107 | 1,010 |
| YTD Return | +16.87%Best | +8.27% |
| 1Y Return | +22.98%Best | +12.09% |
| 3Y Return (annualized) | +24.98% | - |
| 5Y Return (annualized) | +14.39% | - |
| Volatility (annualized) | 19.2% | 6.9%Best |
| Max Drawdown | -15.7% | -10.6%Best |
| $10,000 over 1.5 years | $15,037Best | $12,250 |
| Fund Family | Invesco (US) | Innovator ETFs Trust |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Mar 14, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 14, 2025 to Sep 11, 2026 (1.5 years).
QQQ vs SPUT 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 1.5 years both funds cover.
QQQ vs SPUT Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Innovator Equity Premium Income - Daily PutWrite ETF (SPUT) is an ETF from Innovator ETFs Trust. Over the past year QQQ returned +22.98% while SPUT returned +12.09%. Year to date, QQQ is up 16.87% versus a gain of 8.27% for SPUT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 6.9% for SPUT. 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 -15.7% for QQQ and -10.6% for SPUT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 SPUT charges 0.79%. On a $10,000 position that is $18 vs $79 annually, a gap of $61 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 4.90% for SPUT.
Holdings Overlap
At least 96.5% of QQQ's money is in holdings SPUT also owns.
Stated as a floor: for SPUT, our book for it covers 49.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of QQQ is already inside SPUT. Owning both mostly buys the same companies twice.
93 positions in common, counted across the 102 positions we hold weights for in QQQ and 496 in SPUT, against full books of 107 and 1,010.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPUT | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.44% | 3.84% | 4.60% |
| AAPLApple, Inc | 7.27% | 3.35% | 3.92% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 2.69% | 3.07% |
| AMZNAmazon.Com Inc | 4.67% | 1.97% | 2.70% |
| MUMicron Technology, Inc. | 4.43% | 0.76% | 3.67% |
| GOOGLAlphabet A Usd 0.001 | 3.36% | 1.60% | 1.76% |
| AVGOBroadcom Inc | 3.16% | 1.47% | 1.69% |
| GOOGAlphabet Inc | 3.13% | 1.38% | 1.75% |
| AMDAdvanced Micro Devices Inc. | 3.45% | 0.59% | 2.86% |
| METAMeta Platforms, Inc. | 2.78% | 0.97% | 1.81% |
96.5% of QQQ is already inside SPUT.
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 SPUT?
QQQ has an expense ratio of 0.18% while SPUT charges 0.79%. QQQ is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, QQQ or SPUT?
Over the past year QQQ returned +22.98% vs +12.09% for SPUT, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +31.25% vs +14.49% for SPUT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPUT?
QQQ has been the more volatile fund at 19.2% annualized versus 6.9% for SPUT. Worst drawdown: QQQ -15.7% vs SPUT -10.6%.
Should I hold both QQQ and SPUT?
QQQ and SPUT have a monthly-return correlation of 0.85, 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 SPUT?
At least 96.5% of QQQ's money is in holdings SPUT also owns. Our book for SPUT is partial, so the real figure is this or higher. They hold 93 positions in common, counted across the 102 positions we hold weights for in QQQ and 496 in SPUT.
Which pays a higher dividend, QQQ or SPUT?
QQQ yields 0.44% while SPUT yields 4.90%, so SPUT currently pays the higher dividend yield.
Is SPUT better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.