SPY vs QQQ
Comparison between SPDR S&P 500 ETF Trust (SPY, ETF) and Invesco QQQ Trust Series 1 (QQQ, ETF).
5-Year PerformanceQQQ has outperformed SPY, delivering a return of +15.1% compared to +13.3%
SPY vs QQQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SPY
$781B
QQQ
$490B
Expense Ratio
Winner
SPY
0.09%
QQQ
0.18%
Max Drawdown
Winner
SPY
56.47%
QQQ
82.97%
Sharpe Ratio
Winner
SPY
1.42
QQQ
1.17
5Y Beta
Winner
SPY
1.00
QQQ
1.25
P/E Ratio
Winner
SPY
26.48
QQQ
33.42
Forward P/E
Winner
SPY
20.90
QQQ
22.16
PEG Ratio
SPY
0.30
Winner
QQQ
0.18
5Y Dividends CAGR
SPY
6.00%
Winner
QQQ
10.86%
5Y EPS CAGR
SPY
26.40%
Winner
QQQ
32.60%
Debt to Equity
SPY
48.17%
Winner
QQQ
32.02%
P/S Ratio
Winner
SPY
3.72
QQQ
6.12
P/B Ratio
Winner
SPY
5.55
QQQ
8.96
SPY vs QQQ - Holdings Comparison
SPY and QQQ have 89 common holdings. Overlap is 54.20%
SPY's top 25 holdings weight is 51.49%. QQQ's top 25 holdings weight is 70.54%.
| Rank | SPY | QQQ |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 7.76% | NVIDIA CORP (NVDA) - 8.28% |
| #2 | APPLE INC (AAPL) - 7.44% | APPLE INC (AAPL) - 7.72% |
| #3 | MICROSOFT CORP (MSFT) - 4.56% | MICRON TECHNOLOGY INC (MU) - 4.82% |
| #4 | AMAZON.COM INC (AMZN) - 3.74% | MICROSOFT CORP (MSFT) - 4.68% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 3.14% | AMAZON.COM INC (AMZN) - 4.25% |
| #6 | BROADCOM INC (AVGO) - 2.83% | ADVANCED MICRO DEVICES INC (AMD) - 4.01% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.53% | ALPHABET INC CLASS A (GOOGL) - 3.21% |
| #8 | META PLATFORMS INC CLASS A (META) - 2.18% | BROADCOM INC (AVGO) - 3.03% |
| #9 | MICRON TECHNOLOGY INC (MU) - 1.69% | ALPHABET INC CLASS C (GOOG) - 3.01% |
| #10 | TESLA INC (TSLA) - 1.65% | TESLA INC (TSLA) - 3.01% |
| #11 | ELI LILLY AND CO (LLY) - 1.44% | META PLATFORMS INC CLASS A (META) - 3.00% |
| #12 | JPMORGAN CHASE & CO (JPM) - 1.43% | WALMART INC (WMT) - 2.38% |
| #13 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% | INTEL CORP (INTC) - 2.30% |
| #14 | ADVANCED MICRO DEVICES INC (AMD) - 1.37% | CISCO SYSTEMS INC (CSCO) - 1.97% |
| #15 | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% | APPLIED MATERIALS INC (AMAT) - 1.96% |
| #16 | JOHNSON & JOHNSON (JNJ) - 0.93% | COSTCO WHOLESALE CORP (COST) - 1.83% |
| #17 | VISA INC CLASS A (V) - 0.91% | LAM RESEARCH CORP (LRCX) - 1.78% |
| #18 | INTEL CORP (INTC) - 0.77% | NETFLIX INC (NFLX) - 1.29% |
| #19 | WALMART INC (WMT) - 0.75% | n/a (PLTR) - 1.27% |
| #20 | ABBVIE INC (ABBV) - 0.70% | KLA CORP (KLAC) - 1.25% |
| #21 | APPLIED MATERIALS INC (AMAT) - 0.69% | PALO ALTO NETWORKS INC (PANW) - 1.22% |
| #22 | CISCO SYSTEMS INC (CSCO) - 0.68% | TEXAS INSTRUMENTS INC (TXN) - 1.19% |
| #23 | MASTERCARD INC CLASS A (MA) - 0.67% | LINDE PLC (LIN) - 1.05% |
| #24 | COSTCO WHOLESALE CORP (COST) - 0.64% | SANDISK CORP ORDINARY SHARES (SNDK) - 1.05% |
| #25 | CATERPILLAR INC (CAT) - 0.63% | n/a (SPCX) - 0.98% |
| Total Holdings | 505 | 105 |
SPY vs QQQ - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPY
+3.42%
QQQ
+1.92%
3M
Winner
SPY
+5.97%
QQQ
+4.16%
6M
SPY
+12.56%
Winner
QQQ
+18.88%
1Y
SPY
+23.65%
Winner
QQQ
+27.63%
5Y(CAGR)
SPY
+13.33%
Winner
QQQ
+15.14%
10Y(CAGR)
SPY
+15.34%
Winner
QQQ
+20.87%
Max(CAGR)
SPY
+8.61%
Winner
QQQ
+10.09%
SPY vs QQQ - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SPY | QQQ |
|---|---|---|
| 2026 | +13.79% | +18.20% |
| 2025 | +18.00% | +21.00% |
| 2024 | +25.59% | +27.74% |
| 2023 | +26.72% | +55.91% |
| 2022 | -18.64% | -33.22% |
| 2021 | +30.52% | +29.25% |
| 2020 | +17.28% | +46.18% |
| 2019 | +31.09% | +38.40% |
| 2018 | -5.24% | -1.84% |
| 2017 | +20.78% | +31.49% |
| 2016 | +13.59% | +9.41% |
| 2015 | +1.31% | +9.78% |
| 2014 | +14.56% | +20.12% |
| 2013 | +29.00% | +32.43% |
| 2012 | +14.17% | +15.89% |
| 2011 | +0.85% | +1.79% |
| 2010 | +13.14% | +18.18% |
| 2009 | +22.67% | +48.26% |
| 2008 | -36.25% | -40.84% |
| 2007 | +5.32% | +18.80% |
| 2006 | +13.85% | +4.81% |
| 2005 | +5.32% | +2.65% |
| 2004 | +10.75% | +10.83% |
| 2003 | +24.18% | +43.60% |
| 2002 | -22.42% | -39.24% |
| 2001 | -10.13% | -27.19% |
| 2000 | -8.84% | -38.39% |
| 1999 | +8.61% | +39.76% |
SPY vs QQQ Drawdown Comparison
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The maximum drawdown for QQQ was -82.97%, occurring on Oct 9, 2002. Recovery took 3748 trading sessions.
The current QQQ drawdown is -2.99%.
| Rank | SPY | QQQ |
|---|---|---|
| #1 | -55.20% Oct 9, 2007 - Aug 16, 2012 | -82.97% Mar 27, 2000 - Feb 20, 2015 |
| #2 | -47.50% Mar 24, 2000 - Oct 26, 2006 | -35.12% Dec 27, 2021 - Dec 13, 2023 |
| #3 | -33.70% Feb 19, 2020 - Aug 10, 2020 | -28.56% Feb 19, 2020 - Jun 3, 2020 |
| #4 | -24.50% Jan 3, 2022 - Dec 13, 2023 | -22.79% Aug 29, 2018 - Apr 12, 2019 |
| #5 | -19.34% Sep 20, 2018 - Apr 12, 2019 | -22.77% Feb 19, 2025 - Jun 24, 2025 |
| #6 | -18.76% Feb 19, 2025 - Jun 26, 2025 | -16.10% Dec 1, 2015 - Jul 27, 2016 |
| #7 | -13.02% Jul 20, 2015 - Apr 18, 2016 | -15.46% Jan 3, 2000 - Jan 19, 2000 |
| #8 | -10.10% Jan 26, 2018 - Aug 6, 2018 | -13.94% Jul 20, 2015 - Oct 28, 2015 |
| #9 | -9.44% Sep 2, 2020 - Nov 11, 2020 | -13.56% Jul 10, 2024 - Nov 6, 2024 |
| #10 | -9.30% Jan 19, 2000 - Mar 17, 2000 | -12.62% Sep 2, 2020 - Dec 1, 2020 |
| #11 | -9.05% Jul 19, 2007 - Oct 5, 2007 | -11.97% Oct 29, 2025 - Apr 15, 2026 |
| #12 | -8.88% Jan 27, 2026 - Apr 14, 2026 | -11.22% Jun 2, 2026 - Jul 29, 2026 |
| #13 | -8.41% Jul 16, 2024 - Sep 19, 2024 | -10.98% May 3, 2019 - Jul 3, 2019 |
| #14 | -7.35% Sep 14, 2012 - Jan 2, 2013 | -10.85% Feb 12, 2021 - Apr 9, 2021 |
| #15 | -7.27% Sep 18, 2014 - Oct 31, 2014 | -10.65% Jan 21, 2000 - Feb 3, 2000 |
Correlation
Correlation between SPY and QQQ is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
SPY vs QQQ dividend yield comparison.
| Year | SPY | QQQ |
|---|---|---|
| 2026 | 0.48% | 0.21% |
| 2025 | 1.07% | 0.45% |
| 2024 | 1.21% | 0.56% |
| 2023 | 1.40% | 0.62% |
| 2022 | 1.65% | 0.80% |
| 2021 | 1.20% | 0.43% |
| 2020 | 1.52% | 0.55% |
| 2019 | 1.75% | 0.74% |
| 2018 | 2.04% | 0.91% |
| 2017 | 1.80% | 0.84% |
| 2016 | 2.03% | 1.06% |
| 2015 | 2.06% | 0.99% |
| 2014 | 1.87% | 1.41% |
| 2013 | 1.81% | 1.02% |
| 2012 | 2.18% | 1.26% |
| 2011 | 2.05% | 0.83% |
| 2010 | 1.80% | 0.66% |
| 2009 | 1.95% | 0.46% |
| 2008 | 3.02% | 0.47% |
| 2007 | 1.85% | 0.28% |
| 2006 | 1.73% | 0.31% |
| 2005 | 1.73% | 0.34% |
| 2004 | 1.82% | 0.95% |
| 2003 | 1.47% | 0.04% |
| 2002 | 1.70% | 0.00% |
| 2001 | 1.25% | 0.00% |
| 2000 | 1.15% | 0.00% |
| 1999 | 0.24% | 0.00% |
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