QQQ vs SPCZ
Invesco QQQ Trust, Series 1 vs RiverNorth Enhanced Pre-Merger SPAC ETF
Which is better, QQQ or SPCZ?
Large Cap Growth against Small Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
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 | SPCZ |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.90% |
| AUM | $506.1B | $7M |
| Dividend Yield | 0.42% | 9.67% |
| Holdings | 321 | 171 |
| Volatility (annualized) | 19.1% | 6.5%Best |
| Max Drawdown | -22.8% | -12.3%Best |
| $10,000 over 4 years | $25,534Best | $11,400 |
| Fund Family | Invesco (US) | RiverNorth |
| Category | Equity | Equity |
| Style | Large Cap Growth | Small Cap Growth |
| Inception | Mar 10, 1999 | Jul 11, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 98 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. QQQ has data through Oct 14, 2026 and SPCZ through Jul 8, 2026.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Jul 12, 2022 to Jul 8, 2026 (4 years).
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 6.5% for SPCZ. 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 -22.8% for QQQ and -12.3% for SPCZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.11. They move largely independently of each other.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPCZ charges 0.90%. On a $10,000 position that is $18 vs $90 annually, a gap of $72 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 9.67% for SPCZ.
Holdings Overlap
We hold position weights for 101 holdings in QQQ and 87 in SPCZ, totalling 99.6% and 94.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 216 days apart, QQQ as of Oct 1, 2026 and SPCZ as of Feb 27, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 101 positions we hold weights for in QQQ and 87 in SPCZ, against full books of 321 and 171.
You are not choosing between two funds in isolation.
Whichever of QQQ and SPCZ 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 SPCZ?
QQQ has an expense ratio of 0.18% while SPCZ charges 0.90%. QQQ is the cheaper option, by $72 a year on a $10,000 investment.
Which is riskier, QQQ or SPCZ?
QQQ has been the more volatile fund at 19.1% annualized versus 6.5% for SPCZ. Worst drawdown: QQQ -22.8% vs SPCZ -12.3%.
Should I hold both QQQ and SPCZ?
QQQ and SPCZ have a monthly-return correlation of 0.11, 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 SPCZ?
QQQ yields 0.42% while SPCZ yields 9.67%, so SPCZ currently pays the higher dividend yield.
Is SPCZ better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.