Compare SPY vs. QQQ ETF performance

›Compare ETFs›SPY vs. QQQ ETF comparison

Comparing 2 ETFs	Performance (June 1, 2026 - July 1, 2026)
SPY -1.43% QQQ -2.26%

Comparison analysis

State Street SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) 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 SPY and QQQ distribute dividends, with a TTM distribution yield of 1.01% and 0.42% respectively. Technology, Finance and Consumer Non-Cyclicals are SPY’s top sector exposures, while QQQ invests in Technology, Consumer Non-Cyclicals and Consumer Cyclicals as its top 3. SPY’s top underlying securities are NVIDIA Corp. (7.89%), Apple, Inc. (7.04%) and Microsoft Corp. (5.14%). QQQ’s top underlying securities are NVIDIA Corp. (8.15%), Apple, Inc. (7.28%) and Microsoft Corp. (5.31%). With a Total Expense Ratio (TER) of 0.0945%, SPY is cheaper than QQQ, with 0.18%. SPY has a 3M average daily volume (ADV) of +$29.61B vs. +$23.59B for QQQ. The recorded 1Y bid-ask spread is +0.21bps (SPY) and +0.27bps (QQQ). The table below shows the full side-by-side ETF comparison of SPY and QQQ, with detailed data on performance, flows, liquidity, exposure to individual stocks, segments, sectors, and geographies, helping you select the best ETFs.

	SPY State Street SPDR S&P 500 ETF Trust - USDThis ETF provides exposure to Large Cap US Equities ISIN US78462F1030	QQQ Invesco QQQ ETF - USDThis ETF provides exposure to Large Cap US Equities ISIN US46090E1038, US46090E3018, US46090E2028


Product Type	Passive ETF	Passive ETF
Strategy	Long only	Long only
NAV	$745.55	$725.11
AuM	-	-
TER	0.0945%	0.18%
Rating

Provider	State Street Investment Management	Invesco
Investment strategy	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.	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.
Dividend policy	Distribution	Distribution


Tax optimisation
PEA
UK Reporting

Performance and flows	Perf. Flows	Perf. Flows
1 month	-1.43% To view, create a free account	-2.26% To view, create a free account
3 months	+14.10%	+24.24%
1 year	+22.08%	+33.22%
3 years	+74.31%	+99.20%
5 years	+85.34%	+110.68%
Month to date	-0.21%	-1.54%
Quarter to date	-0.21%	-1.54%
Year to date	+9.93%	+18.34%

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
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Exposure
Countries
Sectors or issuer types
Number of holdings	502	101
Weight of top 15 holdings
Top 15 holdings	NVIDIA Corp. Apple, Inc. Microsoft Corp. Amazon.com, Inc. Alphabet, Inc. Broadcom Inc. Alphabet, Inc. Meta Platforms, Inc. Tesla, Inc. Micron Technology, Inc. Eli Lilly & Co. Berkshire Hathaway, Inc. Advanced Micro Devices, Inc. JPMorgan Chase & Co. Exxon Mobil Corp. To view, create a free account	NVIDIA Corp. Apple, Inc. Microsoft Corp. Micron Technology, Inc. Amazon.com, Inc. Advanced Micro Devices, Inc. Alphabet, Inc. Tesla, Inc. Broadcom Inc. Alphabet, Inc. Meta Platforms, Inc. Intel Corp. Walmart, Inc. Cisco Systems, Inc. Costco Wholesale Corp. To view, create a free account

Replication
Benchmark	S&P 500 Index	NASDAQ-100 Index
Replication method
Replication model
Trackinsight replication rating
Tracking error (1Y)
Tracking difference (1Y)
1Y cumulative return difference	Best -11.58bps Worst -14.00bps	Best -25.18bps Worst -30.39bps
Daily return difference	Avg -0.04bps Worst -0.46bps	Avg -0.08bps Worst -0.38bps

Sustainability
SDG

Frequently asked questions about SPY and QQQ

How did SPY and QQQ perform in 2026?

As of yesterday, SPY has delivered a year-to-date performance of 9.93%, while QQQ has returned 18.34%.

Which ETF is seeing higher flows: SPY or QQQ?

As of yesterday, SPY has recorded -€367M in net flows YTD, compared to +€7.51B for QQQ since the beginning of the year.

Which ETF shows higher volatility: SPY or QQQ?

As of yesterday, SPY reported a 1-year volatility of 12.54%, whereas QQQ registered volatility 18.25% over the same period.

How do SPY and QQQ differ in sector exposure?

As of yesterday, SPY is primarily exposed to sectors such as Technology, weight 46.83%, Finance, weight 12.64% and Consumer Non-Cyclicals, weight 9.19%. The top sectors in QQQ feature Technology, weight 68.60%, Consumer Non-Cyclicals, weight 11.99% and Consumer Cyclicals, weight 3.91%.

How do SPY and QQQ differ in geographic exposure?

As of yesterday, SPY has its largest country exposures in USA, weight 97.71% and Ireland, weight 1.12%. The top countries in QQQ feature USA, weight 95.87%, United Kingdom, weight 1.41% and Netherlands, weight 1.20%.

How do SPY and QQQ differ in terms of holdings?

As of yesterday, SPY include NVIDIA Corp., weight 7.89%, Apple, Inc., weight 7.04% and Microsoft Corp., weight 5.14%. The top positions in QQQ feature NVIDIA Corp., weight 8.15%, Apple, Inc., weight 7.28% and Microsoft Corp., weight 5.31%.

Is SPY or QQQ more diversified?

As of yesterday, SPY holds 502 securities, with 45.34% of its assets allocated to its top 15 positions. QQQ, by comparison, includes 101 holdings and has 59.35% concentrated in its top 15.

Which ETF has a higher distribution yield: SPY or QQQ?

As of yesterday, SPY has a trailing 12-month yield of 1.01%, while QQQ offers 0.42%.

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