QVOY vs SPY
Q3 All-Season Active Rotation ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QVOY or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 97.4%.
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 | QVOY | SPY |
|---|---|---|
| Expense Ratio | 1.32% | 0.09%Best |
| AUM | $65M | $804.7B |
| Dividend Yield | 0.56% | 0.98% |
| Holdings | 13 | 505 |
| YTD Return | +7.09% | +12.47%Best |
| 1Y Return | +3.75% | +17.51%Best |
| 3Y Return (annualized) | +6.75% | +21.18%Best |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 14.1% | 12.5%Best |
| Max Drawdown | -17.1%Best | -18.8% |
| $10,000 over 3.8 years | $13,682 | $20,569Best |
| Top 10 Weight | 97.4% | 38.0%Best |
| Fund Family | Q3 Asset Management | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Dec 6, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 7, 2022 to Sep 11, 2026 (3.8 years).
QVOY 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 3.8 years both funds cover.
QVOY vs SPY Performance
Q3 All-Season Active Rotation ETF (QVOY) is an ETF from Q3 Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QVOY returned +3.75% while SPY returned +17.51%. Year to date, QVOY is up 7.09% versus a gain of 12.47% for SPY.
Over three years, QVOY compounded at +6.75% per year against +21.18% for SPY. Across the full 4-year window we track, SPY has the edge at +20.90% annualized vs +8.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVOY has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.5% 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 -17.1% for QVOY and -18.8% 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVOY charges 1.32% per year while SPY charges 0.09%. On a $10,000 position that is $132 vs $9 annually, a gap of $123 per year that compounds over a long holding period. On income, QVOY currently yields 0.56% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 12 holdings in QVOY and 504 in SPY, totalling 99.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 12 positions we hold weights for in QVOY and 504 in SPY, against full books of 13 and 505.
What only one of them owns
Measured across the 12 and 504 positions we hold weights for.
SPY holds 494 positions QVOY does not, 99.5% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
You are not choosing between two funds in isolation.
Whichever of QVOY and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QVOY or SPY?
QVOY has an expense ratio of 1.32% while SPY charges 0.09%. SPY is the cheaper option, by $123 a year on a $10,000 investment.
Which performed better, QVOY or SPY?
Over the past year QVOY returned +3.75% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), QVOY annualized +8.60% vs +20.90% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QVOY or SPY?
QVOY has been the more volatile fund at 14.1% annualized versus 12.5% for SPY. Worst drawdown: QVOY -17.1% vs SPY -18.8%.
Should I hold both QVOY and SPY?
QVOY and SPY have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QVOY or SPY?
QVOY yields 0.56% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than QVOY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 97.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.