QQQ vs SPYQ
Invesco QQQ Trust, Series 1 vs Tradr 2X Long SPY Quarterly ETF
Which is better, QQQ or SPYQ?
Large Cap Growth against Leverage Strategy.
QQQ has a lower expense ratio. QQQ led over 1Y, SPYQ over the full window. The two have moved almost in lockstep, correlation 0.90.
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 | SPYQ |
|---|---|---|
| Expense Ratio | 0.18%Best | 1.00% |
| AUM | $498.6B | $12M |
| Dividend Yield | 0.42% | 0.14% |
| Holdings | 321 | 9 |
| YTD Return | +22.67%Best | +20.47% |
| 1Y Return | +24.33%Best | +23.75% |
| 3Y Return (annualized) | +29.05% | - |
| 5Y Return (annualized) | +17.00% | - |
| Volatility (annualized) | 18.4%Best | 25.0% |
| Max Drawdown | -22.8%Best | -35.9% |
| $10,000 over 2 years | $15,728 | $15,944Best |
| Fund Family | Invesco (US) | Tradr ETFs |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Leverage Strategy |
| Inception | Mar 10, 1999 | Sep 30, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 1, 2024 to Oct 2, 2026 (2 years).
QQQ vs SPYQ 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 years both funds cover.
QQQ vs SPYQ Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Tradr 2X Long SPY Quarterly ETF (SPYQ) is an ETF from Tradr ETFs. Over the past year QQQ returned +24.33% while SPYQ returned +23.75%. Year to date, QQQ is up 22.67% versus a gain of 20.47% for SPYQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYQ has been the more volatile fund, with annualized monthly volatility of 25.0% compared with 18.4% for QQQ. 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 -35.9% for SPYQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPYQ charges 1.00%. On a $10,000 position that is $18 vs $100 annually, a gap of $82 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.14% for SPYQ.
Holdings Overlap
We hold position weights for 102 holdings in QQQ and 1 in SPYQ, totalling 99.9% and 54.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 102 positions we hold weights for in QQQ and 1 in SPYQ, against full books of 321 and 9.
You are not choosing between two funds in isolation.
Whichever of QQQ and SPYQ 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 SPYQ?
QQQ has an expense ratio of 0.18% while SPYQ charges 1.00%. QQQ is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, QQQ or SPYQ?
Over the past year QQQ returned +24.33% vs +23.75% for SPYQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +25.41% vs +26.27% for SPYQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPYQ?
SPYQ has been the more volatile fund at 25.0% annualized versus 18.4% for QQQ. Worst drawdown: QQQ -22.8% vs SPYQ -35.9%.
Should I hold both QQQ and SPYQ?
QQQ and SPYQ have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, QQQ or SPYQ?
QQQ yields 0.42% while SPYQ yields 0.14%, so QQQ currently pays the higher dividend yield.
Is SPYQ better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, SPYQ over the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.