QQQ vs SPVM
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Value with Momentum ETF
Quick Verdict
QQQ has a lower expense ratio. SPVM delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPVM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.39% | |
| AUM | $455.8B | $129M | |
| Dividend Yield | 0.41% | 2.00% | |
| Holdings | 108 | 104 | |
| YTD Return | +17.46% | +15.27% | |
| 1Y Return | +26.02% | +29.64% | |
| 3Y Return (annualized) | +25.51% | +18.58% | |
| 5Y Return (annualized) | +15.12% | +11.26% | |
| Volatility (annualized) | 30.6% | 16.5% | |
| Max Drawdown | -83.0% | -45.9% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jun 16, 2011 |
QQQ vs SPVM Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P 500 Value with Momentum ETF (SPVM) is a ETF from Invesco (US). Over the past year QQQ returned +26.02% while SPVM returned +29.64%. Year to date, QQQ is up 17.46% versus a gain of 15.27% for SPVM.
Over three years, QQQ compounded at +25.51% per year against +18.58% for SPVM; over five years the annualized figures are +15.12% and +11.26% respectively. Across the full 15-year window we track, QQQ has the edge at +13.08% annualized vs +10.25%. 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 16.5% for SPVM. 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 -45.9% for SPVM. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPVM charges 0.39%. On a $10,000 position that is $18 vs $39 annually, a gap of $21 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 2.00% for SPVM.
Holdings Overlap
QQQ and SPVM share 4 holdings out of 200 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or SPVM?
QQQ has an expense ratio of 0.18% while SPVM charges 0.39%. QQQ is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, QQQ or SPVM?
Over the past year QQQ returned +26.02% vs +29.64% for SPVM, so SPVM leads on 1-year performance. Over the longest common window we track (15 years), QQQ annualized +13.08% vs +10.25% for SPVM. Past performance does not guarantee future results.
Which is riskier, QQQ or SPVM?
QQQ has been the more volatile fund at 30.6% annualized versus 16.5% for SPVM. Worst drawdown: QQQ -83.0% vs SPVM -45.9%.
Should I hold both QQQ and SPVM?
QQQ and SPVM have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPVM?
QQQ and SPVM share 4 common holdings with a 1.1% weight overlap. Combined, they hold 200 unique securities.
Which pays a higher dividend, QQQ or SPVM?
QQQ yields 0.41% while SPVM yields 2.00%, so SPVM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.