QVOY vs SPY
Q3 All-Season Active Rotation ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QVOY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.16% | 0.09% | |
| AUM | $66M | $821.1B | |
| Dividend Yield | 0.57% | 1.01% | |
| Holdings | 12 | 505 | |
| YTD Return | +9.85% | +12.68% | |
| 1Y Return | +13.17% | +21.82% | |
| 3Y Return (annualized) | +8.80% | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 14.2% | 15.3% | |
| Max Drawdown | -17.1% | -56.5% | |
| Fund Family | Q3 Asset Management | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Dec 6, 2022 | Jan 22, 1993 |
QVOY vs SPY Performance
Q3 All-Season Active Rotation ETF (QVOY) is a ETF from Q3 Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QVOY returned +13.17% while SPY returned +21.82%. Year to date, QVOY is up 9.85% versus a gain of 12.68% for SPY.
Over three years, QVOY compounded at +8.80% per year against +21.98% for SPY. Across the full 4-year window we track, QVOY has the edge at +9.49% annualized vs +8.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.2% for QVOY. 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 -17.1% for QVOY 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVOY charges 1.16% per year while SPY charges 0.09%. On a $10,000 position that is $116 vs $9 annually, a gap of $107 per year that compounds over a long holding period. On income, QVOY currently yields 0.57% against 1.01% for SPY.
Holdings Overlap
QVOY and SPY share 0 holdings out of 515 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, QVOY or SPY?
QVOY has an expense ratio of 1.16% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $107 per year of difference.
Which performed better, QVOY or SPY?
Over the past year QVOY returned +13.17% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), QVOY annualized +9.49% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, QVOY or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.2% for QVOY. Worst drawdown: QVOY -17.1% vs SPY -56.5%.
Should I hold both QVOY and SPY?
QVOY and SPY have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QVOY and SPY?
QVOY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, QVOY or SPY?
QVOY yields 0.57% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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