QQQ vs SPGP
Invesco QQQ Trust, Series 1 vs Invesco S&P 500 GARP ETF
Which is better, QQQ or SPGP?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. SPGP is less concentrated, with 20.9% 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 | SPGP |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.34% |
| AUM | $506.1B | $2.1B |
| Dividend Yield | 0.42% | 0.81% |
| Holdings | 321 | 158 |
| YTD Return | +19.30%Best | +6.89% |
| 1Y Return | +22.47%Best | +8.57% |
| 3Y Return (annualized) | +26.18%Best | +10.70% |
| 5Y Return (annualized) | +15.42%Best | +7.67% |
| Volatility (annualized) | 17.5% | 16.3%Best |
| Max Drawdown | -35.1%Best | -42.4% |
| $10,000 over 5 years | $20,484Best | $14,470 |
| Top 10 Weight | 46.7% | 20.9%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jun 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2011 to Oct 14, 2026 (15.3 years).
QQQ vs SPGP 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 15.3 years both funds cover.
QQQ vs SPGP Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco S&P 500 GARP ETF (SPGP) is an ETF from Invesco (US). Over the past year QQQ returned +22.47% while SPGP returned +8.57%. Year to date, QQQ is up 19.30% versus a gain of 6.89% for SPGP.
Over three years, QQQ compounded at +26.18% per year against +10.70% for SPGP; over five years the annualized figures are +15.42% and +7.67% respectively. Across the full 15-year window we track, QQQ has the edge at +18.75% annualized vs +13.06%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 16.3% for SPGP. 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 -35.1% for QQQ and -42.4% for SPGP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPGP charges 0.34%. On a $10,000 position that is $18 vs $34 annually, a gap of $16 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.81% for SPGP.
Holdings Overlap
25.4% of QQQ's money is in holdings SPGP also owns. 22.4% of SPGP's money is in holdings QQQ also owns.
QQQ and SPGP share little of their money.
16 positions in common, counted across the 101 positions we hold weights for in QQQ and 75 in SPGP, against full books of 321 and 158.
What only one of them owns
Our book lists 58 positions for SPGP that do not appear in our book for QQQ (76.7% of the fund), and 77 for QQQ that do not appear in SPGP (70.8%).
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 QQQ | Weight in SPGP | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.33% | 2.65% | 5.68% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 1.33% | 4.43% |
| METAMeta Platform Inc | 3.26% | 2.07% | 1.19% |
| GOOGAlphabet Inc Class C | 2.85% | 1.23% | 1.62% |
| FTNTFortinet Inc | 0.55% | 1.75% | 1.20% |
| NFLXNetflix, Inc. | 1.21% | 1.03% | 0.18% |
| KLACKla-tencor | 1.06% | 1.05% | 0.01% |
| PYPLPaypal Holdings Inc | 0.19% | 1.58% | 1.39% |
| DXCMDexcom Inc. | 0.14% | 1.56% | 1.42% |
| ABNBAirbnb Inc | 0.28% | 1.40% | 1.12% |
25.4% of QQQ is already inside SPGP.
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, QQQ or SPGP?
QQQ has an expense ratio of 0.18% while SPGP charges 0.34%. QQQ is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, QQQ or SPGP?
Over the past year QQQ returned +22.47% vs +8.57% for SPGP, so QQQ leads on 1-year performance. Over the longest common window we track (15 years), QQQ annualized +18.75% vs +13.06% for SPGP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPGP?
QQQ has been the more volatile fund at 17.5% annualized versus 16.3% for SPGP. Worst drawdown: QQQ -35.1% vs SPGP -42.4%.
Should I hold both QQQ and SPGP?
QQQ and SPGP have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQ and SPGP?
25.4% of QQQ's money is in holdings SPGP also owns. 22.4% of SPGP's is in holdings QQQ also owns. They hold 16 positions in common, counted across the 101 positions we hold weights for in QQQ and 75 in SPGP.
Which pays a higher dividend, QQQ or SPGP?
QQQ yields 0.42% while SPGP yields 0.81%, so SPGP currently pays the higher dividend yield.
Is SPGP better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. SPGP is less concentrated, with 20.9% 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.