QQQ vs SPVM
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 Value with Momentum ETF
Which is better, QQQ or SPVM?
Large Cap Growth against Large Cap Value.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. SPVM is less concentrated, with 15.8% of the fund in its ten largest positions against 46.5%.
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 | SPVM |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.39% |
| AUM | $486.1B | $138M |
| Dividend Yield | 0.44% | 1.92% |
| Holdings | 107 | 102 |
| YTD Return | +17.54%Best | +15.37% |
| 1Y Return | +25.59%Best | +23.18% |
| 3Y Return (annualized) | +24.63%Best | +19.37% |
| 5Y Return (annualized) | +14.18%Best | +11.79% |
| Volatility (annualized) | 17.5% | 16.4%Best |
| Max Drawdown | -35.1%Best | -45.9% |
| $10,000 over 5 years | $19,407Best | $17,459 |
| Top 10 Weight | 46.5% | 15.8%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Mar 10, 1999 | Jun 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jun 29, 2011 to Sep 4, 2026 (15.2 years).
QQQ vs SPVM 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 15.2 years both funds cover.
QQQ vs SPVM Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco S&P 500 Value with Momentum ETF (SPVM) is an ETF from Invesco (US). Over the past year QQQ returned +25.59% while SPVM returned +23.18%. Year to date, QQQ is up 17.54% versus a gain of 15.37% for SPVM.
Over three years, QQQ compounded at +24.63% per year against +19.37% for SPVM; over five years the annualized figures are +14.18% and +11.79% respectively. Across the full 15-year window we track, QQQ has the edge at +18.52% annualized vs +10.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 16.4% 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 -35.1% for QQQ and -45.9% for SPVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
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 0.44% against 1.92% for SPVM.
Holdings Overlap
1.1% of QQQ's money is in holdings SPVM also owns. 2.7% of SPVM's money is in holdings QQQ also owns.
SPVM and QQQ share little of their money.
4 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in SPVM, against full books of 107 and 102.
What only one of them owns
Our book lists 96 positions for SPVM that do not appear in our book for QQQ (96.7% of the fund), and 90 for QQQ that do not appear in SPVM (95.7%).
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.
You are not choosing between two funds in isolation.
Whichever of QQQ and SPVM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $21 a year on a $10,000 investment.
Which performed better, QQQ or SPVM?
Over the past year QQQ returned +25.59% vs +23.18% for SPVM, so QQQ leads on 1-year performance. Over the longest common window we track (15 years), QQQ annualized +18.52% vs +10.21% for SPVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPVM?
QQQ has been the more volatile fund at 17.5% annualized versus 16.4% for SPVM. Worst drawdown: QQQ -35.1% vs SPVM -45.9%.
Should I hold both QQQ and SPVM?
QQQ and SPVM have a monthly-return correlation of 0.64, 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 SPVM?
2.7% of SPVM's money is in holdings QQQ also owns. 2.7% of SPVM's is in holdings QQQ also owns. They hold 4 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in SPVM.
Which pays a higher dividend, QQQ or SPVM?
QQQ yields 0.44% while SPVM yields 1.92%, so SPVM currently pays the higher dividend yield.
Is SPVM better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. SPVM is less concentrated, with 15.8% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.