QQQ vs SPY
Comparison between Invesco QQQ Trust Series 1 (QQQ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceQQQ has outperformed SPY, delivering a return of +17.0% compared to +13.3%
QQQ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QQQ
$373B
Winner
SPY
$652B
Expense Ratio
QQQ
0.18%
Winner
SPY
0.09%
Max Drawdown
QQQ
82.97%
Winner
SPY
56.47%
Sharpe Ratio
Winner
QQQ
2.25
SPY
2.07
5Y Beta
QQQ
1.22
Winner
SPY
1.00
P/E Ratio
QQQ
37.10
Winner
SPY
28.24
Forward P/E
QQQ
24.31
Winner
SPY
21.85
PEG Ratio
QQQ
0.46
SPY
N/A
5Y Dividends CAGR
Winner
QQQ
10.60%
SPY
5.43%
5Y EPS CAGR
Winner
QQQ
31.06%
SPY
25.79%
Debt to Equity
QQQ
35.13%
Winner
SPY
22.35%
P/S Ratio
QQQ
5.81
Winner
SPY
3.55
P/B Ratio
QQQ
8.89
Winner
SPY
5.29
QQQ vs SPY - Holdings Comparison
QQQ and SPY have 89 common holdings. Overlap is 53.82%
QQQ's top 25 holdings weight is 71.84%. SPY's top 25 holdings weight is 51.32%.
| Rank | QQQ | SPY |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 9.26% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | APPLE INC (AAPL) - 7.10% | APPLE INC (AAPL) - 6.48% |
| #3 | MICROSOFT CORP (MSFT) - 5.70% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | AMAZON.COM INC (AMZN) - 4.98% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 3.64% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | META PLATFORMS INC CLASS A (META) - 3.54% | BROADCOM INC (AVGO) - 3.09% |
| #7 | BROADCOM INC (AVGO) - 3.39% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | ALPHABET INC CLASS C (GOOG) - 3.38% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | TESLA INC (TSLA) - 3.35% | TESLA INC (TSLA) - 1.73% |
| #10 | WALMART INC (WMT) - 3.08% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | MICRON TECHNOLOGY INC (MU) - 2.80% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | ADVANCED MICRO DEVICES INC (AMD) - 2.60% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | COSTCO WHOLESALE CORP (COST) - 2.18% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | INTEL CORP (INTC) - 2.08% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | NETFLIX INC (NFLX) - 1.92% | WALMART INC (WMT) - 0.91% |
| #16 | CISCO SYSTEMS INC (CSCO) - 1.69% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | n/a (PLTR) - 1.60% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | LAM RESEARCH CORP (LRCX) - 1.55% | VISA INC CLASS A (V) - 0.85% |
| #19 | APPLIED MATERIALS INC (AMAT) - 1.49% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | TEXAS INSTRUMENTS INC (TXN) - 1.19% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | KLA CORP (KLAC) - 1.17% | INTEL CORP (INTC) - 0.65% |
| #22 | LINDE PLC (LIN) - 1.17% | NETFLIX INC (NFLX) - 0.64% |
| #23 | PEPSICO INC (PEP) - 1.05% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | T-MOBILE US INC (TMUS) - 1.01% | CHEVRON CORP (CVX) - 0.58% |
| #25 | ANALOG DEVICES INC (ADI) - 0.92% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 103 | 505 |
QQQ vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
QQQ
+17.35%
SPY
+9.11%
3M
Winner
QQQ
+15.92%
SPY
+6.59%
6M
Winner
QQQ
+16.94%
SPY
+10.56%
1Y
Winner
QQQ
+46.36%
SPY
+32.04%
5Y(CAGR)
Winner
QQQ
+17.00%
SPY
+13.35%
10Y(CAGR)
Winner
QQQ
+21.87%
SPY
+15.49%
Max(CAGR)
Winner
QQQ
+10.12%
SPY
+8.50%
QQQ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | QQQ | SPY |
|---|---|---|
| 2026 | +16.15% | +8.27% |
| 2025 | +21.00% | +18.00% |
| 2024 | +27.74% | +25.59% |
| 2023 | +55.91% | +26.72% |
| 2022 | -33.22% | -18.64% |
| 2021 | +29.25% | +30.52% |
| 2020 | +46.18% | +17.28% |
| 2019 | +38.40% | +31.09% |
| 2018 | -1.84% | -5.24% |
| 2017 | +31.49% | +20.78% |
| 2016 | +9.41% | +13.59% |
| 2015 | +9.78% | +1.31% |
| 2014 | +20.12% | +14.56% |
| 2013 | +32.43% | +29.00% |
| 2012 | +15.89% | +14.17% |
| 2011 | +1.79% | +0.85% |
| 2010 | +18.18% | +13.14% |
| 2009 | +48.26% | +22.67% |
| 2008 | -40.84% | -36.25% |
| 2007 | +18.80% | +5.32% |
| 2006 | +4.81% | +13.85% |
| 2005 | +2.65% | +5.32% |
| 2004 | +10.83% | +10.75% |
| 2003 | +43.60% | +24.18% |
| 2002 | -39.24% | -22.42% |
| 2001 | -27.19% | -10.13% |
| 2000 | -38.39% | -8.84% |
| 1999 | +39.76% | +8.61% |
QQQ vs SPY Drawdown Comparison
The maximum drawdown for QQQ was -82.97%, occurring on Oct 9, 2002. Recovery took 3748 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | QQQ | SPY |
|---|---|---|
| #1 | -82.97% Mar 27, 2000 - Feb 20, 2015 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -35.12% Dec 27, 2021 - Dec 13, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -28.56% Feb 19, 2020 - Jun 3, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.79% Aug 29, 2018 - Apr 12, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -22.77% Feb 19, 2025 - Jun 24, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -16.10% Dec 1, 2015 - Jul 27, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.46% Jan 3, 2000 - Jan 19, 2000 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.94% Jul 20, 2015 - Oct 28, 2015 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.56% Jul 10, 2024 - Nov 6, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -12.62% Sep 2, 2020 - Dec 1, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.97% Oct 29, 2025 - Apr 15, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.98% May 3, 2019 - Jul 3, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.85% Feb 12, 2021 - Apr 9, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.65% Jan 21, 2000 - Feb 3, 2000 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.52% Mar 9, 2000 - Mar 23, 2000 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between QQQ and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
QQQ vs SPY dividend yield comparison.
| Year | QQQ | SPY |
|---|---|---|
| 2026 | 0.10% | 0.24% |
| 2025 | 0.45% | 1.07% |
| 2024 | 0.56% | 1.21% |
| 2023 | 0.62% | 1.40% |
| 2022 | 0.80% | 1.65% |
| 2021 | 0.43% | 1.20% |
| 2020 | 0.55% | 1.52% |
| 2019 | 0.74% | 1.75% |
| 2018 | 0.91% | 2.04% |
| 2017 | 0.84% | 1.80% |
| 2016 | 1.06% | 2.03% |
| 2015 | 0.99% | 2.06% |
| 2014 | 1.41% | 1.87% |
| 2013 | 1.02% | 1.81% |
| 2012 | 1.26% | 2.18% |
| 2011 | 0.83% | 2.05% |
| 2010 | 0.66% | 1.80% |
| 2009 | 0.46% | 1.95% |
| 2008 | 0.47% | 3.02% |
| 2007 | 0.28% | 1.85% |
| 2006 | 0.31% | 1.73% |
| 2005 | 0.34% | 1.73% |
| 2004 | 0.95% | 1.82% |
| 2003 | 0.04% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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