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 Information Technology, Communication Services and Consumer Discretionary. In contrast, SPY's top sector exposures are Information Technology, Financials and Communication Services. QQQ is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.0945% for SPY. QQQ is up 16.23% year-to-date (YTD) with +$825M in YTD flows. SPY performs worse with 9.04% YTD performance, and -$9.18B 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 05/20/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QQQ SPY | +10.23%+4.64% | +17.27%+7.87% | +16.23%+9.04% | +37.73%+26.52% | +114.93%+84.02% | +123.35%+91.23% |
| Flows | QQQ SPY | +$5.55B+$8.60B | +$4.50B+$7.98B | +$825M-$9.18B | +$18.91B+$12.62B | +$64.38B+$51.12B | +$86.04B+$80.77B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QQQ SPY | +19.65%+14.93% | +16.27%+12.17% | +19.84%+14.89% | +22.58%+16.89% |
| Max drawdown | QQQ SPY | -9.32%-8.55% | -11.93%-8.89% | -22.83%-18.74% | -35.12%-24.50% |
| Max drawdown duration | QQQ SPY | 44d47d | 167d76d | 124d126d | 714d708d |
Trading data
QQQ | SPY | |
Last sale 5/21/2026 at 3:50 PM | $710.75 | $739.61 |
| Previous close 05/20/2026 | $713.15 | $741.25 |
| Consolidated volume 05/20/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 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 5/21/2026 at 3:50 PM
Live
Closed
QQQ | SPY | |
|---|---|---|
| Last price | $710.75 | $739.61 |
| 1D performance | -0.34% | -0.22% |
| AuM | $473.09 B | $764.13 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 | 93 | 478 |
| 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
96.39%
Other
3.61%
SPY
USA
96.95%
Other
3.05%
Sectors
QQQ
Information Techn.
49.09%
Communication Ser.
15.04%
Consumer Discreti.
12.46%
Consumer Staples
8.69%
Other
14.72%
SPY
Information Techn.
33.93%
Financials
10.39%
Communication Ser.
10.23%
Consumer Discreti.
10.01%
Health Care
9.32%
Industrials
8.33%
Other
17.78%
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Diversification
QQQ
Total weight of top 15 holdings out of 15
57.37%
SPY
Total weight of top 15 holdings out of 15
42.5%
Top 15 holdings
Data as of March 31, 2026
QQQ
NVIDIA
8.57%
APPLE
7.69%
MICROSOFT-T
5.58%
AMAZON.COM INC
4.50%
TESLA
3.80%
WALMART INC
3.49%
ALPHABET INC-CL
3.36%
META PLATFORMS
3.26%
ALPHABET INC-CL
3.13%
BROADCOM LIMITED
3.00%
COSTCO WHOLESALE
2.54%
MICRON TECHNOLOGY
2.34%
NETFLIX
2.29%
ADVANCED MICRO DEVICES
1.91%
PALANTIR TECHNOLOGIES
1.91%
SPY
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.91%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.42%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about QQQ and SPY
How have the QQQ and SPY ETFs performed in 2026?
As of May 20, 2026, QQQ is up 16.23% year-to-date (YTD), while SPY has returned 9.04%. 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 +$825M in flows, compared to -$9.18B for SPY.
Which ETF is more volatile: QQQ or SPY?
Over the past year, QQQ had a volatility of 16.27%, while SPY experienced 12.17%.
Which ETF is bigger: QQQ or SPY?
As of May 20, 2026, QQQ holds $473.09 B in assets under management (AUM), while SPY manages $764.13 B.
What sectors do the QQQ and SPY ETFs invest in?
QQQ leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, SPY focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the QQQ ETF and SPY ETF?
QQQ top holdings include NVIDIA, APPLE and MICROSOFT-T. SPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: QQQ or SPY?
QQQ holds 101 securities with 57.37% of its assets in the top 15. SPY has 502 securities and a top 15 weight of 42.5%.
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