QQWZ vs SPY
Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QQWZ or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 46.5%.
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 | QQWZ | SPY |
|---|---|---|
| Expense Ratio | 0.49% | 0.09%Best |
| AUM | $42M | $823.2B |
| Dividend Yield | 0.64% | 0.99% |
| Holdings | 207 | 1,515 |
| YTD Return | +7.29% | +13.53%Best |
| 1Y Return | +10.76% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 16.7% | 11.6%Best |
| Max Drawdown | -11.3% | -8.9%Best |
| $10,000 over 1.4 years | $13,606 | $13,822Best |
| Top 10 Weight | 46.5% | 38.2%Best |
| Fund Family | Pacer ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 6, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: May 7, 2025 to Oct 14, 2026 (1.4 years).
QQWZ vs SPY 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 1.4 years both funds cover.
QQWZ vs SPY Performance
Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF (QQWZ) is an ETF from Pacer ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QQWZ returned +10.76% while SPY returned +17.47%. Year to date, QQWZ is up 7.29% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQWZ has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 11.6% 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 -11.3% for QQWZ and -8.9% 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 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQWZ charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, QQWZ currently yields 0.64% against 0.99% for SPY.
Holdings Overlap
92.6% of QQWZ's money is in holdings SPY also owns. 54.2% of SPY's money is in holdings QQWZ also owns.
Most of QQWZ is already inside SPY. Owning both mostly buys the same companies twice.
86 positions in common, counted across the 101 positions we hold weights for in QQWZ and 504 in SPY, against full books of 207 and 1,515.
What only one of them owns
Our book lists 410 positions for SPY that do not appear in our book for QQWZ (44.9% of the fund), and 10 for QQWZ that do not appear in SPY (4.9%).
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 QQWZ | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.37% | 7.78% | 0.59% |
| AAPLApple, Inc | 7.25% | 7.45% | 0.20% |
| MSFTMicrosoft Corp | 5.71% | 5.71% | 0.00% |
| AMZNAmazon.Com Inc | 4.04% | 3.78% | 0.26% |
| MUMicron Technology, Inc. | 5.13% | 1.59% | 3.54% |
| GOOGLAlphabet Inc | 2.99% | 3.12% | 0.13% |
| METAMeta Platforms Inc | 3.26% | 2.22% | 1.04% |
| AMDAdvanced Micro Devices Inc | 4.15% | 1.22% | 2.93% |
| GOOGAlphabet Inc. C | 2.79% | 2.49% | 0.30% |
| AVGOBroadcom Inc | 2.47% | 2.48% | 0.01% |
92.6% of QQWZ 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, QQWZ or SPY?
QQWZ has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, QQWZ or SPY?
Over the past year QQWZ returned +10.76% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), QQWZ annualized +24.60% vs +26.01% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQWZ or SPY?
QQWZ has been the more volatile fund at 16.7% annualized versus 11.6% for SPY. Worst drawdown: QQWZ -11.3% vs SPY -8.9%.
Should I hold both QQWZ and SPY?
QQWZ and SPY have a monthly-return correlation of 0.53, 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 QQWZ and SPY?
92.6% of QQWZ's money is in holdings SPY also owns. 54.2% of SPY's is in holdings QQWZ also owns. They hold 86 positions in common, counted across the 101 positions we hold weights for in QQWZ and 504 in SPY.
Which pays a higher dividend, QQWZ or SPY?
QQWZ yields 0.64% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than QQWZ?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.