QQQ vs SPXV
Invesco QQQ Trust, Series 1 vs ProShares S&P 500 Ex-Health Care ETF
Which is better, QQQ or SPXV?
Large Cap Growth against Large Cap Blend.
SPXV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. SPXV is less concentrated, with 41.5% 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 | SPXV |
|---|---|---|
| Expense Ratio | 0.18% | 0.09%Best |
| AUM | $483.5B | $41M |
| Dividend Yield | 0.44% | 0.94% |
| Holdings | 107 | 445 |
| YTD Return | +16.87%Best | +13.14% |
| 1Y Return | +22.98%Best | +17.20% |
| 3Y Return (annualized) | +24.98%Best | +22.63% |
| 5Y Return (annualized) | +14.39%Best | +13.67% |
| Volatility (annualized) | 18.9% | 16.2%Best |
| Max Drawdown | -35.1% | -34.3%Best |
| $10,000 over 5 years | $19,586Best | $18,977 |
| Top 10 Weight | 46.5% | 41.5%Best |
| Fund Family | Invesco (US) | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Sep 22, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2015 to Sep 11, 2026 (11 years).
QQQ vs SPXV 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 11 years both funds cover.
QQQ vs SPXV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and ProShares S&P 500 Ex-Health Care ETF (SPXV) is an ETF from ProShares. Over the past year QQQ returned +22.98% while SPXV returned +17.20%. Year to date, QQQ is up 16.87% versus a gain of 13.14% for SPXV.
Over three years, QQQ compounded at +24.98% per year against +22.63% for SPXV; over five years the annualized figures are +14.39% and +13.67% respectively. Across the full 11-year window we track, QQQ has the edge at +19.59% annualized vs +14.73%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 16.2% for SPXV. 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 -34.3% for SPXV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPXV 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 0.94% for SPXV.
Holdings Overlap
91.0% of QQQ's money is in holdings SPXV also owns. 57.9% of SPXV's money is in holdings QQQ also owns.
Most of QQQ is already inside SPXV. Owning both mostly buys the same companies twice.
79 positions in common, counted across the 102 positions we hold weights for in QQQ and 444 in SPXV, against full books of 107 and 445.
What only one of them owns
Our book lists 349 positions for SPXV that do not appear in our book for QQQ (40.8% of the fund), and 16 for QQQ that do not appear in SPXV (6.1%).
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 SPXV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.44% | 8.74% | 0.30% |
| AAPLApple, Inc | 7.27% | 7.52% | 0.25% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 5.97% | 0.21% |
| AMZNAmazon.Com Inc | 4.67% | 4.39% | 0.28% |
| GOOGLAlphabet A Usd 0.001 | 3.36% | 3.50% | 0.14% |
| AVGOBroadcom Inc | 3.16% | 3.26% | 0.10% |
| MUMicron Technology, Inc. | 4.43% | 1.65% | 2.78% |
| GOOGAlphabet Inc | 3.13% | 2.80% | 0.33% |
| METAMeta Platforms, Inc. | 2.78% | 2.13% | 0.65% |
| AMDAdvanced Micro Devices Inc. | 3.45% | 1.30% | 2.15% |
91.0% of QQQ is already inside SPXV.
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 SPXV?
QQQ has an expense ratio of 0.18% while SPXV charges 0.09%. SPXV is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, QQQ or SPXV?
Over the past year QQQ returned +22.98% vs +17.20% for SPXV, so QQQ leads on 1-year performance. Over the longest common window we track (11 years), QQQ annualized +19.59% vs +14.73% for SPXV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPXV?
QQQ has been the more volatile fund at 18.9% annualized versus 16.2% for SPXV. Worst drawdown: QQQ -35.1% vs SPXV -34.3%.
Should I hold both QQQ and SPXV?
QQQ and SPXV have a monthly-return correlation of 0.89, 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 SPXV?
91.0% of QQQ's money is in holdings SPXV also owns. 57.9% of SPXV's is in holdings QQQ also owns. They hold 79 positions in common, counted across the 102 positions we hold weights for in QQQ and 444 in SPXV.
Which pays a higher dividend, QQQ or SPXV?
QQQ yields 0.44% while SPXV yields 0.94%, so SPXV currently pays the higher dividend yield.
Is SPXV better than QQQ?
SPXV has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. SPXV is less concentrated, with 41.5% 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.