QQQ vs SPWO
Invesco QQQ Trust, Series 1 vs SP Funds S&P World (ex-US) ETF
Quick Verdict
QQQ has a lower expense ratio. SPWO delivered stronger 1-year returns. SPWO offers more diversification with 384 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPWO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.55% | |
| AUM | $496.3B | $212M | |
| Dividend Yield | 0.44% | 1.10% | |
| Holdings | 108 | 384 | |
| YTD Return | +16.64% | +21.49% | |
| 1Y Return | +27.27% | +39.29% | |
| 3Y Return (annualized) | +25.96% | - | |
| 5Y Return (annualized) | +14.54% | - | |
| Volatility (annualized) | 30.6% | 15.9% | |
| Max Drawdown | -83.0% | -18.1% | |
| Fund Family | Invesco (US) | SP Funds | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Dec 19, 2023 |
QQQ vs SPWO Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and SP Funds S&P World (ex-US) ETF (SPWO) is a ETF from SP Funds. Over the past year QQQ returned +27.27% while SPWO returned +39.29%. Year to date, QQQ is up 16.64% versus a gain of 21.49% for SPWO.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.9% 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 -83.0% for QQQ and -18.1% for SPWO. 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 0.73. 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 1.10% for SPWO.
Holdings Overlap
QQQ and SPWO share 3 holdings out of 465 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $37 per year of difference.
Which performed better, QQQ or SPWO?
Over the past year QQQ returned +27.27% vs +39.29% for SPWO, so SPWO leads on 1-year performance. Over the longest common window we track (3 years), QQQ annualized +13.03% vs +23.71% for SPWO. Past performance does not guarantee future results.
Which is riskier, QQQ or SPWO?
QQQ has been the more volatile fund at 30.6% annualized versus 15.9% for SPWO. Worst drawdown: QQQ -83.0% vs SPWO -18.1%.
Should I hold both QQQ and SPWO?
QQQ and SPWO have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPWO?
QQQ and SPWO share 3 common holdings with a 0.5% weight overlap. Combined, they hold 465 unique securities.
Which pays a higher dividend, QQQ or SPWO?
QQQ yields 0.44% while SPWO yields 1.10%, so SPWO 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.