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 Consumer Non-Cyclicals. QQQ is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.0945% for SPY. QQQ is up 19.3% year-to-date (YTD) with +$15.21B in YTD flows. SPY performs worse with 14.48% YTD performance, and +$13.39B 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 08/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QQQ SPY | +1.57%+3.28% | +1.68%+4.06% | +19.30%+14.48% | +26.64%+21.69% | +100.76%+79.88% | +104.13%+85.86% |
| Flows | QQQ SPY | +$10.46B+$17.21B | +$15.84B+$15.22B | +$15.21B+$13.39B | +$28.53B+$27.09B | +$76.27B+$69.42B | +$91.57B+$97.09B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QQQ SPY | +25.46%+13.64% | +19.53%+12.82% | +20.57%+15.07% | +23.12%+17.03% |
| Max drawdown | QQQ SPY | -11.26%-4.46% | -11.93%-8.89% | -22.83%-18.74% | -35.12%-24.50% |
| Max drawdown duration | QQQ SPY | 73d59d | 167d76d | 124d126d | 714d708d |
Trading data
QQQ | SPY | |
Last sale 8/17/2026 at 1:30 PM | $729.87 | $772.67 |
| Previous close 08/14/2026 | $731.07 | $776.34 |
| Consolidated volume 08/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 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 8/17/2026 at 1:30 PM
Live
Closed
QQQ | SPY | |
|---|---|---|
| Last price | $729.87 | $772.67 |
| 1D performance | -0.16% | -0.47% |
| AuM | $499.35 B | $824.00 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 | 496 |
| 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
94.5%
Other
5.5%
SPY
USA
97.3%
Other
2.7%
Sectors
QQQ
Technology
69.4%
Consumer Non-Cycl.
11.64%
Other
18.96%
SPY
Technology
45.7%
Finance
13.13%
Consumer Non-Cycl.
8.76%
Healthcare
8.66%
Industrials
7.93%
Other
15.81%
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Diversification
QQQ
Total weight of top 15 holdings out of 15
57.21%
SPY
Total weight of top 15 holdings out of 15
43.05%
Top 15 holdings
Data as of June 30, 2026
QQQ
NVIDIA Corp.
7.61%
Apple, Inc.
6.80%
Micron Technology, Inc.
5.76%
Microsoft Corp.
4.52%
Amazon.com, Inc.
4.09%
Advanced Micro Devices, Inc.
3.83%
Alphabet, Inc.
3.21%
Tesla, Inc.
3.10%
Alphabet, Inc.
2.98%
Intel Corp.
2.91%
Broadcom Inc.
2.83%
Meta Platforms, Inc.
2.66%
Walmart, Inc.
2.54%
Applied Materials, Inc.
2.24%
Lam Research Corp.
2.14%
SPY
NVIDIA Corp.
7.50%
Apple, Inc.
6.57%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.77%
Alphabet, Inc.
2.58%
Micron Technology, Inc.
2.01%
Meta Platforms, Inc.
1.91%
Tesla, Inc.
1.83%
Eli Lilly & Co.
1.47%
Advanced Micro Devices, Inc.
1.47%
Berkshire Hathaway, Inc.
1.42%
JPMorgan Chase & Co.
1.36%
Intel Corp.
1.02%
Frequently asked questions about QQQ and SPY
How have the QQQ and SPY ETFs performed in 2026?
As of August 14, 2026, QQQ is up 19.3% year-to-date (YTD), while SPY has returned 14.48%. 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 +$15.21B in flows, compared to +$13.39B for SPY.
Which ETF is more volatile: QQQ or SPY?
Over the past year, QQQ had a volatility of 19.53%, while SPY experienced 12.82%.
Which ETF is bigger: QQQ or SPY?
As of August 14, 2026, QQQ holds $499.35 B in assets under management (AUM), while SPY manages $824.00 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 Micron Technology, Inc.. 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 57.21% of its assets in the top 15. SPY has 501 securities and a top 15 weight of 43.05%.
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