QQQ vs SPYV
Invesco QQQ Trust, Series 1 vs State Street SPDR Portfolio S&P 500 Value ETF
Which is better, QQQ or SPYV?
Large Cap Growth against Large Cap Value.
SPYV has a lower expense ratio. QQQ led over 1Y, 3Y and 5Y. SPYV is less concentrated, with 24.1% 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 | SPYV |
|---|---|---|
| Expense Ratio | 0.18% | 0.04%Best |
| AUM | $506.1B | $36.6B |
| Dividend Yield | 0.42% | 1.73% |
| Holdings | 321 | 880 |
| YTD Return | +19.30%Best | +11.42% |
| 1Y Return | +22.47%Best | +15.80% |
| 3Y Return (annualized) | +26.18%Best | +16.65% |
| 5Y Return (annualized) | +15.42%Best | +11.38% |
| Volatility (annualized) | 22.1%Best | 25.0% |
| Max Drawdown | -77.4% | -60.4%Best |
| $10,000 over 5 years | $20,484Best | $17,141 |
| Top 10 Weight | 46.7% | 24.1%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large 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 SPYV 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 SPYV Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an ETF from State Street Investment Management. Over the past year QQQ returned +22.47% while SPYV returned +15.80%. Year to date, QQQ is up 19.30% versus a gain of 11.42% for SPYV.
Over three years, QQQ compounded at +26.18% per year against +16.65% for SPYV; over five years the annualized figures are +15.42% and +11.38% respectively. Across the full 26-year window we track, QQQ has the edge at +8.56% annualized vs +8.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYV has been the more volatile fund, with annualized monthly volatility of 25.0% 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 -60.4% for SPYV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQ charges 0.18% per year while SPYV charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 1.73% for SPYV.
Holdings Overlap
41.4% of QQQ's money is in holdings SPYV also owns. 29.5% of SPYV's money is in holdings QQQ also owns.
The two portfolios partly overlap.
58 positions in common, counted across the 101 positions we hold weights for in QQQ and 439 in SPYV, against full books of 321 and 880.
What only one of them owns
Our book lists 375 positions for SPYV that do not appear in our book for QQQ (69.8% of the fund), and 34 for QQQ that do not appear in SPYV (54.9%).
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 SPYV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.35% | 8.12% | 0.77% |
| AMZNAmazon.Com Inc | 4.07% | 3.93% | 0.14% |
| INTCIntel Corp. | 2.64% | 1.69% | 0.95% |
| TSLATesla Motors Inc | 2.82% | 1.30% | 1.52% |
| WMTWalmart, Inc. | 2.11% | 1.56% | 0.55% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.77% | 0.69% | 1.08% |
| TXNTexas Instruments Inc. | 1.07% | 0.81% | 0.26% |
| PANWPalo Alto Networks Inc. | 1.35% | 0.39% | 0.96% |
| QCOMQualcomm Inc. | 0.81% | 0.64% | 0.17% |
| ADIAnalog Devices, Inc. | 0.80% | 0.62% | 0.18% |
41.4% of QQQ is already inside SPYV.
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 SPYV?
QQQ has an expense ratio of 0.18% while SPYV charges 0.04%. SPYV is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, QQQ or SPYV?
Over the past year QQQ returned +22.47% vs +15.80% for SPYV, so QQQ leads on 1-year performance. Over the longest common window we track (26 years), QQQ annualized +8.56% vs +8.56% for SPYV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SPYV?
SPYV has been the more volatile fund at 25.0% annualized versus 22.1% for QQQ. Worst drawdown: QQQ -77.4% vs SPYV -60.4%.
Should I hold both QQQ and SPYV?
QQQ and SPYV have a monthly-return correlation of 0.41, 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 SPYV?
41.4% of QQQ's money is in holdings SPYV also owns. 29.5% of SPYV's is in holdings QQQ also owns. They hold 58 positions in common, counted across the 101 positions we hold weights for in QQQ and 439 in SPYV.
Which pays a higher dividend, QQQ or SPYV?
QQQ yields 0.42% while SPYV yields 1.73%, so SPYV currently pays the higher dividend yield.
Is SPYV better than QQQ?
SPYV has a lower expense ratio. QQQ led over 1Y, 3Y and 5Y. SPYV is less concentrated, with 24.1% 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.