QQJG vs SPY
Invesco ESG NASDAQ Next Gen 100 ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QQJG or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. QQJG is less concentrated, with 27.1% of the fund in its ten largest positions against 38.2%.
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 | QQJG | SPY |
|---|---|---|
| Expense Ratio | 0.20% | 0.09%Best |
| AUM | $7M | $823.2B |
| Dividend Yield | 0.69% | 0.99% |
| Holdings | 84 | 1,515 |
| Volatility (annualized) | 19.2% | 15.5%Best |
| Max Drawdown | -36.8% | -24.5%Best |
| $10,000 over 4.3 years | $10,344 | $15,902Best |
| Top 10 Weight | 27.1%Best | 38.2% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Oct 27, 2021 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 233 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. QQJG has data through Feb 23, 2026 and SPY through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Oct 27, 2021 to Feb 23, 2026 (4.3 years).
Risk: Volatility and Drawdowns
QQJG has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 15.5% 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 -36.8% for QQJG 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQJG charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, QQJG currently yields 0.69% against 0.99% for SPY.
Holdings Overlap
50.0% of QQJG's money is in holdings SPY also owns. 1.6% of SPY's money is in holdings QQJG also owns.
The two portfolios partly overlap.
The two holdings books were reported 349 days apart, QQJG as of Sep 30, 2025 and SPY as of Sep 14, 2026, so some of the difference between them is the time between the two reports rather than the funds.
35 positions in common, counted across the 88 positions we hold weights for in QQJG and 504 in SPY, against full books of 84 and 1,515.
What only one of them owns
Our book lists 462 positions for SPY that do not appear in our book for QQJG (97.4% of the fund), and 38 for QQJG that do not appear in SPY (32.4%).
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 QQJG | Weight in SPY | Difference |
|---|---|---|---|
| STXSeagate Technolo | 4.09% | 0.27% | 3.82% |
| WDCWestern Digital Corp. | 3.51% | 0.22% | 3.29% |
| MPWRMonolithic Power Systems Inc | 3.27% | 0.09% | 3.18% |
| EBAYEbay Inc. | 2.72% | 0.07% | 2.65% |
| TSCOTractor Supply Co | 2.29% | 0.03% | 2.26% |
| SMCISuper Micro Computer Inc Common Stock Usd 0.001 | 2.23% | 0.03% | 2.20% |
| ULTAUlta Beauty Inc. | 2.01% | 0.04% | 1.97% |
| NTAPNetapp Inc | 1.92% | 0.06% | 1.86% |
| PTCPtc, Inc.(A) | 1.80% | 0.02% | 1.78% |
| TERTeradyne Inc - Common | 1.71% | 0.08% | 1.63% |
50.0% of QQJG 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, QQJG or SPY?
QQJG has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option, by $11 a year on a $10,000 investment.
Which is riskier, QQJG or SPY?
QQJG has been the more volatile fund at 19.2% annualized versus 15.5% for SPY. Worst drawdown: QQJG -36.8% vs SPY -24.5%.
Should I hold both QQJG and SPY?
QQJG and SPY have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQJG and SPY?
50.0% of QQJG's money is in holdings SPY also owns. 1.6% of SPY's is in holdings QQJG also owns. They hold 35 positions in common, counted across the 88 positions we hold weights for in QQJG and 504 in SPY.
Which pays a higher dividend, QQJG or SPY?
QQJG yields 0.69% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than QQJG?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. QQJG is less concentrated, with 27.1% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.