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 Consumer Cyclicals. In contrast, SPY's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. QQQ is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.0945% for SPY. QQQ is up 16.43% year-to-date (YTD) with +$9.60B in YTD flows. SPY performs worse with 9.93% YTD performance, and +$4.23B 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 07/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QQQ SPY | -4.29%-1.56% | +22.10%+13.97% | +16.43%+9.93% | +30.12%+21.50% | +95.99%+74.32% | +104.91%+83.95% |
| Flows | QQQ SPY | +$9.69B+$8.26B | +$22.29B+$36.67B | +$9.60B+$4.23B | +$24.40B+$18.15B | +$68.92B+$54.38B | +$87.78B+$85.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QQQ SPY | +23.48%+13.64% | +18.32%+12.54% | +20.29%+14.99% | +22.93%+17.00% |
| Max drawdown | QQQ SPY | -6.99%-4.46% | -11.93%-8.89% | -22.83%-18.74% | -35.12%-24.50% |
| Max drawdown duration | QQQ SPY | 30d30d | 167d76d | 124d126d | 714d708d |
Trading data
QQQ | SPY | |
Last sale 7/2/2026 at 1:30 PM | $712.60 | $744.78 |
| Previous close 07/02/2026 | $725.17 | $745.76 |
| Consolidated volume 07/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 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 7/2/2026 at 1:30 PM
Live
Closed
QQQ | SPY | |
|---|---|---|
| Last price | $712.60 | $744.78 |
| 1D performance | -1.73% | -0.13% |
| AuM | $481.89 B | $782.13 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 | 100 | 499 |
| 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
95.87%
Other
4.13%
SPY
USA
97.71%
Other
2.29%
Sectors
QQQ
Technology
68.6%
Consumer Non-Cycl.
11.99%
Other
19.41%
SPY
Technology
46.83%
Finance
12.64%
Consumer Non-Cycl.
9.19%
Healthcare
8.11%
Industrials
7.59%
Other
15.64%
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Diversification
QQQ
Total weight of top 15 holdings out of 15
59.35%
SPY
Total weight of top 15 holdings out of 15
45.34%
Top 15 holdings
Data as of May 31, 2026
QQQ
NVIDIA Corp.
8.15%
Apple, Inc.
7.28%
Microsoft Corp.
5.31%
Micron Technology, Inc.
4.80%
Amazon.com, Inc.
4.62%
Advanced Micro Devices, Inc.
3.69%
Alphabet, Inc.
3.52%
Tesla, Inc.
3.46%
Broadcom Inc.
3.37%
Alphabet, Inc.
3.25%
Meta Platforms, Inc.
2.97%
Intel Corp.
2.51%
Walmart, Inc.
2.48%
Cisco Systems, Inc.
2.09%
Costco Wholesale Corp.
1.86%
SPY
NVIDIA Corp.
7.89%
Apple, Inc.
7.04%
Microsoft Corp.
5.14%
Amazon.com, Inc.
4.06%
Alphabet, Inc.
3.40%
Broadcom Inc.
3.26%
Alphabet, Inc.
2.71%
Meta Platforms, Inc.
2.13%
Tesla, Inc.
1.88%
Micron Technology, Inc.
1.68%
Eli Lilly & Co.
1.35%
Berkshire Hathaway, Inc.
1.34%
Advanced Micro Devices, Inc.
1.29%
JPMorgan Chase & Co.
1.24%
Exxon Mobil Corp.
0.93%
Frequently asked questions about QQQ and SPY
How have the QQQ and SPY ETFs performed in 2026?
As of July 2, 2026, QQQ is up 16.43% year-to-date (YTD), while SPY has returned 9.93%. 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 +$9.60B in flows, compared to +$4.23B for SPY.
Which ETF is more volatile: QQQ or SPY?
Over the past year, QQQ had a volatility of 18.32%, while SPY experienced 12.54%.
Which ETF is bigger: QQQ or SPY?
As of July 2, 2026, QQQ holds $481.89 B in assets under management (AUM), while SPY manages $782.13 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 Consumer Non-Cyclicals.
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 101 securities with 59.35% of its assets in the top 15. SPY has 502 securities and a top 15 weight of 45.34%.
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