SPYvsQQQETF Comparison
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State Street SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) belong to the same industry segment: US Large Cap. SPY's top 3 sector exposures are Information Technology, Financials and Communication Services. In contrast, QQQ's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. SPY is less expensive with a Total Expense Ratio (TER) of 0.0945%, versus 0.18% for QQQ. SPY is up 9.04% year-to-date (YTD) with -$9.18B in YTD flows. QQQ performs better with 16.23% YTD performance, and +$825M in YTD flows. Run a side-by-side ETF comparison of SPY and QQQ 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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SPY vs QQQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/20/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPY QQQ | +4.64%+10.23% | +7.87%+17.27% | +9.04%+16.23% | +26.52%+37.73% | +84.02%+114.93% | +91.23%+123.35% |
| Flows | SPY QQQ | +$8.60B+$5.55B | +$7.98B+$4.50B | -$9.18B+$825M | +$12.62B+$18.91B | +$51.12B+$64.38B | +$80.77B+$86.04B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPY QQQ | +14.93%+19.65% | +12.17%+16.27% | +14.89%+19.84% | +16.89%+22.58% |
| Max drawdown | SPY QQQ | -8.55%-9.32% | -8.89%-11.93% | -18.74%-22.83% | -24.50%-35.12% |
| Max drawdown duration | SPY QQQ | 47d44d | 76d167d | 126d124d | 708d714d |
Trading data
SPY | QQQ | |
Last sale 5/21/2026 at 1:30 PM | $742.59 | $714.47 |
| Previous close 05/20/2026 | $741.25 | $713.15 |
| 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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SPY | QQQ | |
|---|---|---|
| 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 1:30 PM
Live
Closed
SPY | QQQ | |
|---|---|---|
| Last price | $742.59 | $714.47 |
| 1D performance | +0.18% | +0.19% |
| AuM | $764.13 B | $473.09 B |
| E/R | 0.0945% | 0.18% |
Characteristics
SPY | QQQ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Invesco |
| Benchmark | S&P 500 Index | NASDAQ-100 Index |
| N° of holdings | 478 | 93 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 22, 1993 | March 10, 1999 |
| ESG | No | No |
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Exposure
Countries
SPY
USA
96.95%
Other
3.05%
QQQ
USA
96.39%
Other
3.61%
Sectors
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%
QQQ
Information Techn.
49.09%
Communication Ser.
15.04%
Consumer Discreti.
12.46%
Consumer Staples
8.69%
Other
14.72%
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Diversification
SPY
Total weight of top 15 holdings out of 15
42.5%
QQQ
Total weight of top 15 holdings out of 15
57.37%
Top 15 holdings
Data as of March 31, 2026
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%
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%
Frequently asked questions about SPY and QQQ
How have the SPY and QQQ ETFs performed in 2026?
As of May 20, 2026, SPY is up 9.04% year-to-date (YTD), while QQQ has returned 16.23%. That puts QQQ better performer ahead so far this year.
Which ETF is attracting more investor money: SPY or QQQ?
Year-to-date, the SPY ETF saw -$9.18B in flows, compared to +$825M for QQQ.
Which ETF is more volatile: SPY or QQQ?
Over the past year, SPY had a volatility of 12.17%, while QQQ experienced 16.27%.
Which ETF is bigger: SPY or QQQ?
As of May 20, 2026, SPY holds $764.13 B in assets under management (AUM), while QQQ manages $473.09 B.
What sectors do the SPY and QQQ ETFs invest in?
SPY leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, QQQ focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the SPY ETF and QQQ ETF?
SPY top holdings include NVIDIA, APPLE and MICROSOFT-T. QQQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPY or QQQ?
SPY holds 502 securities with 42.5% of its assets in the top 15. QQQ has 101 securities and a top 15 weight of 57.37%.
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