QQQ vs SPWO
Invesco QQQ Trust, Series 1 vs SP Funds S&P World (ex-US) ETF
Which is better, QQQ or SPWO?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over the full window, SPWO over 1Y. SPWO is less concentrated, with 41.1% 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 | SPWO |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.55% |
| AUM | $483.5B | $222M |
| Dividend Yield | 0.44% | 1.06% |
| Holdings | 107 | 384 |
| YTD Return | +17.21% | +18.88%Best |
| 1Y Return | +22.10% | +27.43%Best |
| 3Y Return (annualized) | +25.27% | - |
| 5Y Return (annualized) | +14.60% | - |
| Volatility (annualized) | 16.9% | 15.7%Best |
| Max Drawdown | -22.8% | -18.1%Best |
| $10,000 over 2.7 years | $17,867Best | $17,122 |
| Top 10 Weight | 46.5% | 41.1%Best |
| Fund Family | Invesco (US) | SP Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Dec 19, 2023 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Dec 20, 2023 to Sep 17, 2026 (2.7 years).
QQQ vs SPWO 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 2.7 years both funds cover.
QQQ vs SPWO Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and SP Funds S&P World (ex-US) ETF (SPWO) is an ETF from SP Funds. Over the past year QQQ returned +22.10% while SPWO returned +27.43%. Year to date, QQQ is up 17.21% versus a gain of 18.88% for SPWO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 15.7% for SPWO. 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 -22.8% for QQQ and -18.1% for SPWO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPWO charges 0.55%. On a $10,000 position that is $18 vs $55 annually, a gap of $37 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.06% for SPWO.
Holdings Overlap
0.9% of QQQ's money is in holdings SPWO also owns. 0.9% of SPWO's money is in holdings QQQ also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
3 positions in common, counted across the 102 positions we hold weights for in QQQ and 367 in SPWO, against full books of 107 and 384.
What only one of them owns
Our book lists 71 positions for SPWO that do not appear in our book for QQQ (11.2% of the fund), and 95 for QQQ that do not appear in SPWO (97.0%).
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 SPWO 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 SPWO?
QQQ has an expense ratio of 0.18% while SPWO charges 0.55%. QQQ is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, QQQ or SPWO?
Over the past year QQQ returned +22.10% vs +27.43% for SPWO, so SPWO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPWO?
QQQ has been the more volatile fund at 16.9% annualized versus 15.7% for SPWO. Worst drawdown: QQQ -22.8% vs SPWO -18.1%.
Should I hold both QQQ and SPWO?
QQQ and SPWO have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QQQ or SPWO?
QQQ yields 0.44% while SPWO yields 1.06%, so SPWO currently pays the higher dividend yield.
Is SPWO better than QQQ?
QQQ has a lower expense ratio. QQQ led over the full window, SPWO over 1Y. SPWO is less concentrated, with 41.1% 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.