QQQvsSPYETF Comparison
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Invesco QQQ ETF (QQQ) and State Street SPDR S&P 500 ETF Trust (SPY) belong to the same industry segment: US Large Cap. QQQ's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Healthcare. In contrast, SPY's top sector exposures are Technology, Finance and Healthcare. QQQ is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.0945% for SPY. QQQ is up 22.42% year-to-date (YTD) with +$7.64B in YTD flows. SPY performs worse with 13.73% YTD performance, and +$12.37B in YTD flows. Run a side-by-side ETF comparison of QQQ and SPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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QQQ vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QQQ SPY | +5.76%+0.83% | +5.14%+3.46% | +22.42%+13.73% | +24.31%+16.25% | +110.92%+86.69% | +119.00%+92.00% |
| Flows | QQQ SPY | -$6.81B+$2.47B | -$1.10B+$12.84B | +$7.64B+$12.37B | +$24.39B+$28.80B | +$65.58B+$69.26B | +$80.98B+$85.41B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QQQ SPY | +18.99%+11.04% | +19.92%+13.00% | +20.51%+14.99% | +23.09%+16.98% |
| Max drawdown | QQQ SPY | -8.83%-3.40% | -11.93%-8.89% | -22.83%-18.74% | -35.12%-24.50% |
| Max drawdown duration | QQQ SPY | 31d19d | 167d76d | 124d126d | 714d708d |
Trading data
QQQ | SPY | |
Last sale 10/5/2026 at 1:30 PM | $756.15 | $774.94 |
| Previous close 10/02/2026 | $749.58 | $769.64 |
| Consolidated volume 10/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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QQQ | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/5/2026 at 1:30 PM
Live
Closed
QQQ | SPY | |
|---|---|---|
| Last price | $756.15 | $774.94 |
| 1D performance | +0.88% | +0.69% |
| AuM | $504.03 B | $815.33 B |
| E/R | 0.18% | 0.0945% |
Characteristics
QQQ | SPY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | NASDAQ-100 Index | S&P 500 Index |
| N° of holdings | 101 | 497 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 10, 1999 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
QQQ
USA
94.49%
Other
5.51%
SPY
USA
96.4%
Other
3.6%
Sectors
QQQ
Technology
67.22%
Consumer Non-Cycl.
11.5%
Other
21.28%
SPY
Technology
45.23%
Finance
13.62%
Healthcare
9.08%
Consumer Non-Cycl.
8.88%
Industrials
7.46%
Other
15.72%
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Diversification
QQQ
Total weight of top 15 holdings out of 15
56.8%
SPY
Total weight of top 15 holdings out of 15
44.11%
Top 15 holdings
Data as of August 31, 2026
QQQ
NVIDIA Corp.
8.75%
Apple, Inc.
7.33%
Microsoft Corp.
5.95%
Micron Technology, Inc.
4.62%
Amazon.com, Inc.
4.37%
Advanced Micro Devices, Inc.
3.40%
Alphabet, Inc.
3.15%
Alphabet, Inc.
2.92%
Tesla, Inc.
2.81%
Broadcom Inc.
2.79%
Meta Platforms, Inc.
2.68%
Walmart, Inc.
2.19%
Intel Corp.
2.03%
Cisco Systems, Inc.
1.94%
Palantir Technologies, Inc.
1.87%
SPY
NVIDIA Corp.
8.07%
Apple, Inc.
7.03%
Microsoft Corp.
5.69%
Amazon.com, Inc.
3.84%
Alphabet, Inc.
3.00%
Broadcom Inc.
2.65%
Alphabet, Inc.
2.39%
Meta Platforms, Inc.
1.90%
Micron Technology, Inc.
1.63%
Tesla, Inc.
1.56%
JPMorgan Chase & Co.
1.44%
Berkshire Hathaway, Inc.
1.40%
Eli Lilly & Co.
1.38%
Advanced Micro Devices, Inc.
1.16%
Johnson & Johnson
0.97%
Frequently asked questions about QQQ and SPY
How have the QQQ and SPY ETFs performed in 2026?
As of October 2, 2026, QQQ is up 22.42% year-to-date (YTD), while SPY has returned 13.73%. That puts QQQ better performer ahead so far this year.
Which ETF is attracting more investor money: QQQ or SPY?
Year-to-date, the QQQ ETF saw +$7.64B in flows, compared to +$12.37B for SPY.
Which ETF is more volatile: QQQ or SPY?
Over the past year, QQQ had a volatility of 19.92%, while SPY experienced 13%.
Which ETF is bigger: QQQ or SPY?
As of October 2, 2026, QQQ holds $504.03 B in assets under management (AUM), while SPY manages $815.33 B.
What sectors do the QQQ and SPY ETFs invest in?
QQQ leans toward sectors like Technology and Consumer Non-Cyclicals. Meanwhile, SPY focuses on Technology, Finance and Healthcare.
What are the top holdings of the QQQ ETF and SPY ETF?
QQQ top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: QQQ or SPY?
QQQ holds 102 securities with 56.8% of its assets in the top 15. SPY has 500 securities and a top 15 weight of 44.11%.
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