QVOL vs SPY
Infrastructure Capital Nasdaq Option Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QVOL or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 46.6%.
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 | QVOL | SPY |
|---|---|---|
| Expense Ratio | 0.82% | 0.09%Best |
| AUM | $58M | $811.2B |
| Dividend Yield | 4.22% | 0.98% |
| Holdings | 121 | 1,515 |
| YTD Return | +6.26% | +14.77%Best |
| 1Y Return | - | +18.61% |
| 3Y Return (annualized) | - | +22.83% |
| 5Y Return (annualized) | - | +13.84% |
| Top 10 Weight | 46.6% | 38.2%Best |
| Fund Family | InfraCap | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | May 12, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
QVOL 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QVOL vs SPY Performance
Infrastructure Capital Nasdaq Option Income ETF (QVOL) is an ETF from InfraCap and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, QVOL is up 6.26% versus a gain of 14.77% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
QVOL charges 0.82% per year while SPY charges 0.09%. On a $10,000 position that is $82 vs $9 annually, a gap of $73 per year that compounds over a long holding period. On income, QVOL currently yields 4.22% against 0.98% for SPY.
Holdings Overlap
84.4% of QVOL's money is in holdings SPY also owns. 48.2% of SPY's money is in holdings QVOL also owns.
Most of QVOL is already inside SPY. Owning both mostly buys the same companies twice.
56 positions in common, counted across the 67 positions we hold weights for in QVOL and 504 in SPY, against full books of 121 and 1,515.
What only one of them owns
Our book lists 441 positions for SPY that do not appear in our book for QVOL (51.0% of the fund), and 9 for QVOL that do not appear in SPY (12.8%).
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 QVOL | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.51% | 7.45% | 1.94% |
| NVDANvidia Corp | 2.04% | 7.78% | 5.74% |
| GOOGLAlphabet Inc,class A | 6.69% | 3.12% | 3.57% |
| AVGOBroadcom Inc | 6.25% | 2.48% | 3.77% |
| MSFTMicrosoft Corp | 2.82% | 5.71% | 2.89% |
| AMZNAmazon.Com Inc | 3.53% | 3.78% | 0.25% |
| METAMeta Platforms Inc | 3.75% | 2.22% | 1.53% |
| MUMicron Technology, Inc. | 4.07% | 1.59% | 2.48% |
| MRVLMarvell Technology Group Ltd. | 5.27% | 0.29% | 4.98% |
| AMDAdvanced Micro Devices Inc | 4.30% | 1.22% | 3.08% |
84.4% of QVOL 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, QVOL or SPY?
QVOL has an expense ratio of 0.82% while SPY charges 0.09%. SPY is the cheaper option, by $73 a year on a $10,000 investment.
What is the holdings overlap between QVOL and SPY?
84.4% of QVOL's money is in holdings SPY also owns. 48.2% of SPY's is in holdings QVOL also owns. They hold 56 positions in common, counted across the 67 positions we hold weights for in QVOL and 504 in SPY.
Which pays a higher dividend, QVOL or SPY?
QVOL yields 4.22% while SPY yields 0.98%, so QVOL currently pays the higher dividend yield.
Is SPY better than QVOL?
SPY has a lower expense ratio. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 46.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.