QSIX vs SPY
Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. QSIX delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QSIX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $18M | $789.1B | |
| Dividend Yield | 3.51% | 1.01% | |
| Holdings | 106 | 505 | |
| YTD Return | +17.77% | +14.47% | |
| 1Y Return | +24.28% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 17.3% | 15.3% | |
| Max Drawdown | -19.5% | -56.5% | |
| Fund Family | Pacer ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 23, 2024 | Jan 22, 1993 |
QSIX vs SPY Performance
Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (QSIX) is a ETF from Pacer ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QSIX returned +24.28% while SPY returned +21.96%. Year to date, QSIX is up 17.77% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
QSIX has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 15.3% for SPY. 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 -19.5% for QSIX and -56.5% for SPY. 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QSIX charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, QSIX currently yields 3.51% against 1.01% for SPY.
Holdings Overlap
QSIX and SPY share 88 holdings out of 518 unique holdings combined, representing a 53.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, QSIX or SPY?
QSIX has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, QSIX or SPY?
Over the past year QSIX returned +24.28% vs +21.96% for SPY, so QSIX leads on 1-year performance. Over the longest common window we track (2 years), QSIX annualized +23.73% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, QSIX or SPY?
QSIX has been the more volatile fund at 17.3% annualized versus 15.3% for SPY. Worst drawdown: QSIX -19.5% vs SPY -56.5%.
Should I hold both QSIX and SPY?
QSIX and SPY have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QSIX and SPY?
QSIX and SPY share 88 common holdings with a 53.1% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, QSIX or SPY?
QSIX yields 3.51% while SPY yields 1.01%, so QSIX currently pays the higher dividend yield.
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