Compare QQQ vs. SPY ETF performance
Comparing 2 ETFs | Performance (December 29, 2025 - March 27, 2026) |
QQQ SPY |
Comparison analysis Invesco QQQ ETF (QQQ) and SPDR S&P 500 ETF Trust (SPY) belong to the US Large Cap industry segment. Both funds use a Direct (Physical) replication method to follow their index and a replication model of Full replication. Both QQQ and SPY distribute dividends, with a TTM distribution yield of 0.50% and 1.16% respectively. Information Technology, Communication Services and Consumer Discretionary are QQQ’s top sector exposures, while SPY invests in Information Technology, Communication Services and Financials as its top 3. QQQ’s top underlying securities are NVIDIA (8.74%), APPLE (7.85%) and MICROSOFT-T (5.81%). SPY’s top underlying securities are NVIDIA (7.31%), APPLE (6.63%) and MICROSOFT-T (4.96%). With a Total Expense Ratio (TER) of 0.18%, QQQ is more expensive than SPY, with 0.0945%. QQQ has a 3M average daily volume (ADV) of +$32.26B vs. +$46.96B for SPY. The recorded 1Y bid-ask spread is +1.70bps (QQQ) and +0.25bps (SPY). The table below shows the full side-by-side ETF comparison of QQQ and SPY, with detailed data on performance, flows, liquidity, exposure to individual stocks, segments, sectors, and geographies, helping you select the best ETFs. |
QQQ Invesco QQQ ETF - USDThis ETF provides exposure to Large Cap US Equities ISIN US46090E1038, US46090E3018, US46090E2028 |
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Product Type | Passive ETF | Passive ETF | ||
Strategy | Long only | Long only | ||
NAV | $562.66 | $634.44 | ||
AuM | - | - | ||
E/R | 0.18% | 0.0945% | ||
Rating | ||||
Provider | ||||
Investment strategy | Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index®. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually. | The SPDR® S&P 500® ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The S&P 500® Index is composed of five hundred (500) selected stocks, all of which are listed on national stock exchanges and spans over 25 separate industry groups. | ||
Dividend policy | Distribution | Distribution | ||
Tax optimisation | ||||
PEA | ||||
UK Reporting | ||||
Performance and flows | Perf. Flows | Perf. Flows | ||
1 month | -7.27% To view, create a free account | -7.31% To view, create a free account | ||
3 months | -9.26% | -7.50% | ||
1 year | +17.40% | +13.16% | ||
3 years | +85.55% | +66.38% | ||
5 years | +83.62% | +71.74% | ||
Month to date | -7.27% | -7.31% | ||
Quarter to date | -8.27% | -6.69% | ||
Year to date | -8.27% | -6.69% | ||
Volatility and risk | 1 year 3 years 5 years | 1 year 3 years 5 years | ||
Volatility | To view, create a free account | To view, create a free account | ||
Perf./Volatility | ||||
Max drawdown | ||||
Create a free Trackinsight Essentials account to unlock insights Access exclusive metrics and features to support your investment decisions. | ||||
Exposure | ||||
Countries | ||||
Sectors or issuer types | ||||
Number of holdings | 101 | 502 | ||
Weight of top 15 holdings | ||||
Top 15 holdings | NVIDIA APPLE MICROSOFT-T AMAZON.COM INC TESLA META PLATFORMS ALPHABET INC-CL WALMART INC ALPHABET INC-CL BROADCOM LIMITED MICRON TECHNOLOGY COSTCO WHOLESALE NETFLIX ADVANCED MICRO DEVICES PALANTIR TECHNOLOGIES To view, create a free account | NVIDIA APPLE MICROSOFT-T AMAZON.COM INC ALPHABET INC-CL BROADCOM LIMITED ALPHABET INC-CL META PLATFORMS TESLA BERKSHIRE HATHWAY LILLY JPMORGAN CHASE EXXON JOHNSON&JOHNSON WALMART INC To view, create a free account | ||
Replication | ||||
Benchmark | ||||
Replication method | ||||
Replication model | ||||
Trackinsight replication rating | ||||
Tracking error (1Y) | ||||
Tracking difference (1Y) | ||||
Sustainability | ||||
ESG Consensus® |  | | ||
SDG |
Frequently asked questions about QQQ and SPY
How did QQQ and SPY perform in 2026?
As of 3/27/2026, QQQ has delivered a year-to-date performance of -8.27%, while SPY has returned -6.69%.
Which ETF shows higher volatility: QQQ or SPY?
As of 3/27/2026, QQQ reported a 1-year volatility of 22.68%, whereas SPY registered volatility 18.22% over the same period.
How do QQQ and SPY differ in sector exposure?
As of 3/27/2026, QQQ is primarily exposed to sectors such as Information Technology, weight 49.13%, Communication Services, weight 15.29% and Consumer Discretionary, weight 12.46%. The top sectors in SPY feature Information Technology, weight 33.46%, Communication Services, weight 10.46% and Financials, weight 10.26%.
How do QQQ and SPY differ in geographic exposure?
As of 3/27/2026, QQQ has its largest country exposures in USA, weight 96.35%, Ireland, weight 1.72% and Canada, weight 1.07%. The top countries in SPY feature USA, weight 96.75% and Ireland, weight 2.12%.
How do QQQ and SPY differ in terms of holdings?
As of 3/27/2026, QQQ include NVIDIA, weight 8.74%, APPLE, weight 7.85% and MICROSOFT-T, weight 5.81%. The top positions in SPY feature NVIDIA, weight 7.31%, APPLE, weight 6.63% and MICROSOFT-T, weight 4.96%.
Is QQQ or SPY more diversified?
As of 3/27/2026, QQQ holds 101 securities, with 57.63% of its assets allocated to its top 15 positions. SPY, by comparison, includes 502 holdings and has 42.22% concentrated in its top 15.
Which ETF has a higher distribution yield: QQQ or SPY?
As of 3/27/2026, QQQ has a trailing 12-month yield of 0.50%, while SPY offers 1.16%.
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