INQQ vs SPY
The India Internet ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, INQQ or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 61.1%.
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 | INQQ | SPY |
|---|---|---|
| Expense Ratio | 0.86% | 0.09%Best |
| AUM | $39M | $823.2B |
| Dividend Yield | 2.52% | 0.99% |
| Holdings | 56 | 1,515 |
| YTD Return | -12.44% | +13.53%Best |
| 1Y Return | -16.56% | +17.47%Best |
| 3Y Return (annualized) | +1.61% | +22.36%Best |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 19.0% | 15.0%Best |
| Max Drawdown | -40.5% | -19.9%Best |
| $10,000 over 4.5 years | $8,291 | $18,248Best |
| Top 10 Weight | 61.1% | 38.2%Best |
| Fund Family | Exchange Traded Concepts Trust | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Apr 5, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 6, 2022 to Oct 14, 2026 (4.5 years).
INQQ 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 4.5 years both funds cover.
INQQ vs SPY Performance
The India Internet ETF (INQQ) is an ETF from Exchange Traded Concepts Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year INQQ returned -16.56% while SPY returned +17.47%. Year to date, INQQ is down 12.44% versus a gain of 13.53% for SPY.
Over three years, INQQ compounded at +1.61% per year against +22.36% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INQQ has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 15.0% 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 -40.5% for INQQ and -19.9% 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 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
INQQ charges 0.86% per year while SPY charges 0.09%. On a $10,000 position that is $86 vs $9 annually, a gap of $77 per year that compounds over a long holding period. On income, INQQ currently yields 2.52% against 0.99% for SPY.
Holdings Overlap
We hold position weights for 25 holdings in INQQ and 504 in SPY, totalling 100.7% and 99.8% 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 25 positions we hold weights for in INQQ and 504 in SPY, against full books of 56 and 1,515.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for INQQ (99.1% of the fund), and 0 for INQQ that do not appear in SPY (0.0%).
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.
You are not choosing between two funds in isolation.
Whichever of INQQ 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, INQQ or SPY?
INQQ has an expense ratio of 0.86% while SPY charges 0.09%. SPY is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, INQQ or SPY?
Over the past year INQQ returned -16.56% vs +17.47% 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, INQQ or SPY?
INQQ has been the more volatile fund at 19.0% annualized versus 15.0% for SPY. Worst drawdown: INQQ -40.5% vs SPY -19.9%.
Should I hold both INQQ and SPY?
INQQ and SPY have a monthly-return correlation of 0.53, 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, INQQ or SPY?
INQQ yields 2.52% while SPY yields 0.99%, so INQQ currently pays the higher dividend yield.
Is SPY better than INQQ?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 61.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.