QTR vs SPY
Global X NASDAQ 100 Tail Risk ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QTR or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.5%.
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 | QTR | SPY |
|---|---|---|
| Expense Ratio | 0.25% | 0.09%Best |
| AUM | $9M | $804.7B |
| Dividend Yield | 16.74% | 0.98% |
| Holdings | 107 | 505 |
| YTD Return | +11.39% | +12.47%Best |
| 1Y Return | +15.52% | +17.51%Best |
| 3Y Return (annualized) | +19.11% | +21.18%Best |
| 5Y Return (annualized) | +10.46% | +12.88%Best |
| Volatility (annualized) | 18.6% | 15.8%Best |
| Max Drawdown | -31.7% | -24.5%Best |
| $10,000 over 5 years | $16,445 | $18,327Best |
| Top 10 Weight | 45.5% | 38.0%Best |
| Fund Family | GLOBALXETFS | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Aug 25, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Aug 26, 2021 to Sep 11, 2026 (5 years).
QTR vs SPY 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 5 years both funds cover.
QTR vs SPY Performance
Global X NASDAQ 100 Tail Risk ETF (QTR) is an ETF from GLOBALXETFS and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QTR returned +15.52% while SPY returned +17.51%. Year to date, QTR is up 11.39% versus a gain of 12.47% for SPY.
Over three years, QTR compounded at +19.11% per year against +21.18% for SPY; over five years the annualized figures are +10.46% and +12.88% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QTR has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 15.8% 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 -31.7% for QTR and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QTR charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, QTR currently yields 16.74% against 0.98% for SPY.
Holdings Overlap
94.0% of QTR's money is in holdings SPY also owns. 54.4% of SPY's money is in holdings QTR also owns.
Most of QTR is already inside SPY. Owning both mostly buys the same companies twice.
87 positions in common, counted across the 102 positions we hold weights for in QTR and 504 in SPY, against full books of 107 and 505.
What only one of them owns
Our book lists 407 positions for SPY that do not appear in our book for QTR (45.1% of the fund), and 7 for QTR that do not appear in SPY (2.5%).
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 QTR | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.49% | 7.71% | 0.78% |
| AAPLApple, Inc | 6.99% | 6.83% | 0.16% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.72% | 5.50% | 0.22% |
| AMZNAmazon.Com Inc | 4.39% | 4.08% | 0.31% |
| GOOGLAlphabet A Usd 0.001 | 3.12% | 3.33% | 0.21% |
| MUMicron Technology, Inc. | 4.71% | 1.51% | 3.20% |
| AVGOBroadcom Inc | 2.90% | 2.97% | 0.07% |
| GOOGAlphabet Inc | 2.90% | 2.67% | 0.23% |
| AMDAdvanced Micro Devices Inc. | 3.59% | 1.27% | 2.32% |
| METAMeta Platforms, Inc. | 2.71% | 1.94% | 0.77% |
94.0% of QTR is already inside SPY.
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, QTR or SPY?
QTR has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, QTR or SPY?
Over the past year QTR returned +15.52% vs +17.51% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QTR or SPY?
QTR has been the more volatile fund at 18.6% annualized versus 15.8% for SPY. Worst drawdown: QTR -31.7% vs SPY -24.5%.
Should I hold both QTR and SPY?
QTR and SPY have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QTR and SPY?
94.0% of QTR's money is in holdings SPY also owns. 54.4% of SPY's is in holdings QTR also owns. They hold 87 positions in common, counted across the 102 positions we hold weights for in QTR and 504 in SPY.
Which pays a higher dividend, QTR or SPY?
QTR yields 16.74% while SPY yields 0.98%, so QTR currently pays the higher dividend yield.
Is SPY better than QTR?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.