QXQ vs SPY
SGI Enhanced Nasdaq-100 ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. QXQ delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QXQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.09% | |
| AUM | $83M | $821.1B | |
| Dividend Yield | 16.06% | 1.01% | |
| Holdings | 32 | 505 | |
| YTD Return | +16.19% | +12.68% | |
| 1Y Return | +28.17% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 18.8% | 15.3% | |
| Max Drawdown | -22.5% | -56.5% | |
| Fund Family | Summit Global Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 14, 2024 | Jan 22, 1993 |
QXQ vs SPY Performance
SGI Enhanced Nasdaq-100 ETF (QXQ) is a ETF from Summit Global Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QXQ returned +28.17% while SPY returned +21.82%. Year to date, QXQ is up 16.19% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
QXQ has been the more volatile fund, with annualized monthly volatility of 18.8% 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 -22.5% for QXQ 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QXQ charges 0.98% per year while SPY charges 0.09%. On a $10,000 position that is $98 vs $9 annually, a gap of $89 per year that compounds over a long holding period. On income, QXQ currently yields 16.06% against 1.01% for SPY.
Holdings Overlap
QXQ and SPY share 0 holdings out of 506 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, QXQ or SPY?
QXQ has an expense ratio of 0.98% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, QXQ or SPY?
Over the past year QXQ returned +28.17% vs +21.82% for SPY, so QXQ leads on 1-year performance. Over the longest common window we track (2 years), QXQ annualized +27.28% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, QXQ or SPY?
QXQ has been the more volatile fund at 18.8% annualized versus 15.3% for SPY. Worst drawdown: QXQ -22.5% vs SPY -56.5%.
Should I hold both QXQ and SPY?
QXQ and SPY have a monthly-return correlation of 0.92, 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 QXQ and SPY?
QXQ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, QXQ or SPY?
QXQ yields 16.06% while SPY yields 1.01%, so QXQ currently pays the higher dividend yield.
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