QQQ vs SLYV
Invesco QQQ Trust, Series 1 vs State Street SPDR S&P 600 Small Cap Value ETF
Which is better, QQQ or SLYV?
Large Cap Growth against Small Cap Value.
SLYV has a lower expense ratio. QQQ led over 1Y, 3Y and 5Y, SLYV over the full window. SLYV is less concentrated, with 8.5% of the fund in its ten largest positions against 46.7%.
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 | QQQ | SLYV |
|---|---|---|
| Expense Ratio | 0.18% | 0.15%Best |
| AUM | $506.1B | $4.7B |
| Dividend Yield | 0.42% | 2.01% |
| Holdings | 321 | 463 |
| YTD Return | +19.30%Best | +12.58% |
| 1Y Return | +22.47%Best | +17.84% |
| 3Y Return (annualized) | +26.18%Best | +15.17% |
| 5Y Return (annualized) | +15.42%Best | +5.82% |
| Volatility (annualized) | 22.1%Best | 44.5% |
| Max Drawdown | -77.4% | -63.1%Best |
| $10,000 over 5 years | $20,484Best | $13,269 |
| Top 10 Weight | 46.7% | 8.5%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Small Cap Value |
| Inception | Mar 10, 1999 | Sep 25, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2000 to Oct 14, 2026 (26 years).
QQQ vs SLYV 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 26 years both funds cover.
QQQ vs SLYV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and State Street SPDR S&P 600 Small Cap Value ETF (SLYV) is an ETF from State Street Investment Management. Over the past year QQQ returned +22.47% while SLYV returned +17.84%. Year to date, QQQ is up 19.30% versus a gain of 12.58% for SLYV.
Over three years, QQQ compounded at +26.18% per year against +15.17% for SLYV; over five years the annualized figures are +15.42% and +5.82% respectively. Across the full 26-year window we track, SLYV has the edge at +13.14% annualized vs +8.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SLYV has been the more volatile fund, with annualized monthly volatility of 44.5% compared with 22.1% for QQQ. 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 -77.4% for QQQ and -63.1% for SLYV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.27. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while SLYV charges 0.15%. On a $10,000 position that is $18 vs $15 annually, a gap of $3 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 2.01% for SLYV.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 463 in SLYV, totalling 99.6% 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 101 positions we hold weights for in QQQ and 463 in SLYV, against full books of 321 and 463.
What only one of them owns
Our book lists 458 positions for SLYV that do not appear in our book for QQQ (98.8% of the fund), and 93 for QQQ that do not appear in SLYV (96.3%).
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 QQQ and SLYV 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, QQQ or SLYV?
QQQ has an expense ratio of 0.18% while SLYV charges 0.15%. SLYV is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, QQQ or SLYV?
Over the past year QQQ returned +22.47% vs +17.84% for SLYV, so QQQ leads on 1-year performance. Over the longest common window we track (26 years), QQQ annualized +8.56% vs +13.14% for SLYV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SLYV?
SLYV has been the more volatile fund at 44.5% annualized versus 22.1% for QQQ. Worst drawdown: QQQ -77.4% vs SLYV -63.1%.
Should I hold both QQQ and SLYV?
QQQ and SLYV have a monthly-return correlation of 0.27, 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, QQQ or SLYV?
QQQ yields 0.42% while SLYV yields 2.01%, so SLYV currently pays the higher dividend yield.
Is SLYV better than QQQ?
SLYV has a lower expense ratio. QQQ led over 1Y, 3Y and 5Y, SLYV over the full window. SLYV is less concentrated, with 8.5% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.