QQQ vs XNTK
Invesco QQQ Trust, Series 1 vs State Street SPDR NYSE Technology ETF
Which is better, QQQ or XNTK?
Nearly the same fund. QQQ costs less.
QQQ has a lower expense ratio. QQQ led over the full window, XNTK over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 48.2%.
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 | XNTK |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.35% |
| AUM | $498.6B | $2.1B |
| Dividend Yield | 0.42% | 0.15% |
| Holdings | 321 | 37 |
| YTD Return | +22.67% | +39.34%Best |
| 1Y Return | +24.33% | +39.33%Best |
| 3Y Return (annualized) | +29.05% | +42.90%Best |
| 5Y Return (annualized) | +17.00% | +20.88%Best |
| Volatility (annualized) | 22.1%Best | 26.1% |
| Max Drawdown | -77.4% | -76.3%Best |
| $10,000 over 5 years | $21,924 | $25,809Best |
| Top 10 Weight | 47.2%Best | 48.2% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Sep 25, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2000 to Oct 2, 2026 (26 years).
QQQ vs XNTK 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 26 years both funds cover.
QQQ vs XNTK Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and State Street SPDR NYSE Technology ETF (XNTK) is an ETF from State Street Investment Management. Over the past year QQQ returned +24.33% while XNTK returned +39.33%. Year to date, QQQ is up 22.67% versus a gain of 39.34% for XNTK.
Over three years, QQQ compounded at +29.05% per year against +42.90% for XNTK; over five years the annualized figures are +17.00% and +20.88% respectively. Across the full 26-year window we track, QQQ has the edge at +8.69% annualized vs +8.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XNTK has been the more volatile fund, with annualized monthly volatility of 26.1% compared with 22.1% 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 -77.4% for QQQ and -76.3% for XNTK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 XNTK 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 0.42% against 0.15% for XNTK.
Holdings Overlap
64.6% of QQQ's money is in holdings XNTK also owns. 79.7% of XNTK's money is in holdings QQQ also owns.
Most of XNTK is already inside QQQ. Owning both mostly buys the same companies twice.
26 positions in common, counted across the 102 positions we hold weights for in QQQ and 36 in XNTK, against full books of 321 and 37.
What only one of them owns
Our book lists 8 positions for XNTK that do not appear in our book for QQQ (15.5% of the fund), and 72 for QQQ that do not appear in XNTK (34.5%).
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 XNTK | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 4.85% | 8.87% | 4.02% |
| NVDANvidia Corp | 8.45% | 2.74% | 5.71% |
| AAPLApple, Inc | 7.80% | 2.62% | 5.18% |
| AMDAdvanced Micro Devices Inc | 3.71% | 5.38% | 1.67% |
| INTCIntel Corporation | 2.28% | 5.98% | 3.70% |
| MSFTMicrosoft Corp | 5.88% | 2.27% | 3.61% |
| MRVLMarvell Technology Group Ltd. | 0.91% | 6.14% | 5.23% |
| AMZNAmazon.Com Inc | 4.41% | 2.49% | 1.92% |
| LRCXLam Research Corp | 1.64% | 4.08% | 2.44% |
| GOOGLAlphabet Inc,class A | 3.15% | 2.40% | 0.75% |
79.7% of XNTK is already inside QQQ.
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 XNTK?
QQQ has an expense ratio of 0.18% while XNTK charges 0.35%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, QQQ or XNTK?
Over the past year QQQ returned +24.33% vs +39.33% for XNTK, so XNTK leads on 1-year performance. Over the longest common window we track (26 years), QQQ annualized +8.69% vs +8.51% for XNTK. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or XNTK?
XNTK has been the more volatile fund at 26.1% annualized versus 22.1% for QQQ. Worst drawdown: QQQ -77.4% vs XNTK -76.3%.
Should I hold both QQQ and XNTK?
QQQ and XNTK have a monthly-return correlation of 0.95, 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.
What is the holdings overlap between QQQ and XNTK?
79.7% of XNTK's money is in holdings QQQ also owns. 79.7% of XNTK's is in holdings QQQ also owns. They hold 26 positions in common, counted across the 102 positions we hold weights for in QQQ and 36 in XNTK.
Which pays a higher dividend, QQQ or XNTK?
QQQ yields 0.42% while XNTK yields 0.15%, so QQQ currently pays the higher dividend yield.
Is XNTK better than QQQ?
QQQ has a lower expense ratio. QQQ led over the full window, XNTK over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.95. QQQ is less concentrated, with 47.2% of the fund in its ten largest positions against 48.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.