QQQ vs XLVI
Invesco QQQ Trust, Series 1 vs State Street Health Care Select Sector SPDR Premium Income ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | XLVI | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.35% | |
| AUM | $496.3B | $23M | |
| Dividend Yield | 0.44% | 11.83% | |
| Holdings | 108 | 7 | |
| YTD Return | +15.47% | +10.30% | |
| 1Y Return | +24.44% | +23.02% | |
| 3Y Return (annualized) | +25.47% | - | |
| 5Y Return (annualized) | +14.22% | - | |
| Volatility (annualized) | 30.6% | 10.0% | |
| Max Drawdown | -83.0% | -8.1% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Jul 29, 2025 |
QQQ vs XLVI Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and State Street Health Care Select Sector SPDR Premium Income ETF (XLVI) is a ETF from State Street Investment Management. Over the past year QQQ returned +24.44% while XLVI returned +23.02%. Year to date, QQQ is up 15.47% versus a gain of 10.30% for XLVI.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 10.0% for XLVI. 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 -8.1% for XLVI. 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while XLVI charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 11.83% for XLVI.
Holdings Overlap
QQQ and XLVI share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or XLVI?
QQQ has an expense ratio of 0.18% while XLVI charges 0.35%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, QQQ or XLVI?
Over the past year QQQ returned +24.44% vs +23.02% for XLVI, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +12.99% vs +23.07% for XLVI. Past performance does not guarantee future results.
Which is riskier, QQQ or XLVI?
QQQ has been the more volatile fund at 30.6% annualized versus 10.0% for XLVI. Worst drawdown: QQQ -83.0% vs XLVI -8.1%.
Should I hold both QQQ and XLVI?
QQQ and XLVI have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and XLVI?
QQQ and XLVI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, QQQ or XLVI?
QQQ yields 0.44% while XLVI yields 11.83%, so XLVI currently pays the higher dividend yield.
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