QQQ vs SPXD
Invesco QQQ Trust, Series 1 vs Xtrackers S&P 500 Diversified Sector Weight ETF
Which is better, QQQ or SPXD?
Large Cap Growth against Large Cap Blend.
SPXD has a lower expense ratio. QQQ led over 1Y and the full window. SPXD is less concentrated, with 16.7% 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 | SPXD |
|---|---|---|
| Expense Ratio | 0.18% | 0.09%Best |
| AUM | $483.5B | $7M |
| Dividend Yield | 0.44% | 1.35% |
| Holdings | 107 | 507 |
| YTD Return | +17.21%Best | +13.11% |
| 1Y Return | +22.10%Best | +17.17% |
| 3Y Return (annualized) | +25.27% | - |
| 5Y Return (annualized) | +14.60% | - |
| Volatility (annualized) | 20.5% | 9.7%Best |
| Max Drawdown | -12.0% | -7.5%Best |
| $10,000 over 1.1 years | $12,616Best | $11,847 |
| Top 10 Weight | 46.5% | 16.7%Best |
| Fund Family | Invesco (US) | Xtrackers ETFs |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jul 23, 2025 |
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Jul 24, 2025 to Sep 17, 2026 (1.1 years).
QQQ vs SPXD 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 1.1 years both funds cover.
QQQ vs SPXD Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Xtrackers S&P 500 Diversified Sector Weight ETF (SPXD) is an ETF from Xtrackers ETFs. Over the past year QQQ returned +22.10% while SPXD returned +17.17%. Year to date, QQQ is up 17.21% versus a gain of 13.11% for SPXD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.5% compared with 9.7% for SPXD. 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 -12.0% for QQQ and -7.5% for SPXD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPXD charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.35% for SPXD.
Holdings Overlap
93.6% of QQQ's money is in holdings SPXD also owns. 18.8% of SPXD's money is in holdings QQQ also owns.
Most of QQQ is already inside SPXD. Owning both mostly buys the same companies twice.
86 positions in common, counted across the 102 positions we hold weights for in QQQ and 503 in SPXD, against full books of 107 and 507.
What only one of them owns
Our book lists 405 positions for SPXD that do not appear in our book for QQQ (79.6% of the fund), and 10 for QQQ that do not appear in SPXD (3.9%).
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.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in SPXD | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 0.28% | 8.16% |
| AAPLApple, Inc | 7.27% | 1.05% | 6.22% |
| MSFTMicrosoft Corp | 5.76% | 1.20% | 4.56% |
| AMZNAmazon.Com Inc | 4.67% | 0.62% | 4.05% |
| MUMicron Technology, Inc. | 4.43% | 0.20% | 4.23% |
| GOOGLAlphabet Inc,class A | 3.36% | 0.46% | 2.90% |
| GOOGAlphabet Inc | 3.13% | 0.37% | 2.76% |
| AMDAdvanced Micro Devices Inc | 3.45% | 0.03% | 3.42% |
| AVGOBroadcom Inc | 3.16% | 0.32% | 2.84% |
| METAMeta Platforms Inc | 2.78% | 0.69% | 2.09% |
93.6% of QQQ is already inside SPXD.
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 SPXD?
QQQ has an expense ratio of 0.18% while SPXD charges 0.09%. SPXD is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, QQQ or SPXD?
Over the past year QQQ returned +22.10% vs +17.17% for SPXD, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +23.52% vs +16.66% for SPXD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPXD?
QQQ has been the more volatile fund at 20.5% annualized versus 9.7% for SPXD. Worst drawdown: QQQ -12.0% vs SPXD -7.5%.
Should I hold both QQQ and SPXD?
QQQ and SPXD have a monthly-return correlation of 0.49, 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 SPXD?
93.6% of QQQ's money is in holdings SPXD also owns. 18.8% of SPXD's is in holdings QQQ also owns. They hold 86 positions in common, counted across the 102 positions we hold weights for in QQQ and 503 in SPXD.
Which pays a higher dividend, QQQ or SPXD?
QQQ yields 0.44% while SPXD yields 1.35%, so SPXD currently pays the higher dividend yield.
Is SPXD better than QQQ?
SPXD has a lower expense ratio. QQQ led over 1Y and the full window. SPXD is less concentrated, with 16.7% 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.