QQQ vs SPYV
Invesco QQQ Trust, Series 1 vs State Street SPDR Portfolio S&P 500 Value ETF
Quick Verdict
SPYV has a lower expense ratio. QQQ delivered stronger 1-year returns. SPYV offers more diversification with 440 holdings.
Side-by-Side Comparison
| Metric | QQQ | SPYV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $496.3B | $36.8B | |
| Dividend Yield | 0.44% | 1.69% | |
| Holdings | 108 | 440 | |
| YTD Return | +19.52% | +12.89% | |
| 1Y Return | +26.68% | +19.94% | |
| 3Y Return (annualized) | +26.64% | +15.83% | |
| 5Y Return (annualized) | +15.36% | +11.53% | |
| Volatility (annualized) | 30.6% | 25.1% | |
| Max Drawdown | -83.0% | -60.4% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 25, 2000 |
QQQ vs SPYV Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is a ETF from State Street Investment Management. Over the past year QQQ returned +26.68% while SPYV returned +19.94%. Year to date, QQQ is up 19.52% versus a gain of 12.89% for SPYV.
Over three years, QQQ compounded at +26.64% per year against +15.83% for SPYV; over five years the annualized figures are +15.36% and +11.53% respectively. Across the full 26-year window we track, QQQ has the edge at +13.14% annualized vs +8.68%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 25.1% for SPYV. 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 -60.4% for SPYV. 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPYV charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 1.69% for SPYV.
Holdings Overlap
QQQ and SPYV share 61 holdings out of 480 unique holdings combined, representing a 31.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or SPYV?
QQQ has an expense ratio of 0.18% while SPYV charges 0.04%. SPYV is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, QQQ or SPYV?
Over the past year QQQ returned +26.68% vs +19.94% for SPYV, so QQQ leads on 1-year performance. Over the longest common window we track (26 years), QQQ annualized +13.14% vs +8.68% for SPYV. Past performance does not guarantee future results.
Which is riskier, QQQ or SPYV?
QQQ has been the more volatile fund at 30.6% annualized versus 25.1% for SPYV. Worst drawdown: QQQ -83.0% vs SPYV -60.4%.
Should I hold both QQQ and SPYV?
QQQ and SPYV have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and SPYV?
QQQ and SPYV share 61 common holdings with a 31.4% weight overlap. Combined, they hold 480 unique securities.
Which pays a higher dividend, QQQ or SPYV?
QQQ yields 0.44% while SPYV yields 1.69%, so SPYV currently pays the higher dividend yield.
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