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 Technology, Finance and Healthcare. In contrast, QQQ's top sector exposures are Technology, Consumer Non-Cyclicals and Healthcare. SPY is less expensive with a Total Expense Ratio (TER) of 0.0945%, versus 0.18% for QQQ. SPY is up 13.73% year-to-date (YTD) with +$12.37B in YTD flows. QQQ performs better with 22.42% YTD performance, and +$7.64B 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 10/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPY QQQ | +0.83%+5.76% | +3.46%+5.14% | +13.73%+22.42% | +16.25%+24.31% | +86.69%+110.92% | +92.00%+119.00% |
| Flows | SPY QQQ | +$2.47B-$6.81B | +$12.84B-$1.10B | +$12.37B+$7.64B | +$28.80B+$24.39B | +$69.26B+$65.58B | +$85.41B+$80.98B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPY QQQ | +11.04%+18.99% | +13.00%+19.92% | +14.99%+20.51% | +16.98%+23.09% |
| Max drawdown | SPY QQQ | -3.40%-8.83% | -8.89%-11.93% | -18.74%-22.83% | -24.50%-35.12% |
| Max drawdown duration | SPY QQQ | 19d31d | 76d167d | 126d124d | 708d714d |
Trading data
SPY | QQQ | |
Last sale 10/5/2026 at 1:30 PM | $774.94 | $756.15 |
| Previous close 10/02/2026 | $769.64 | $749.58 |
| 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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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 10/5/2026 at 1:30 PM
Live
Closed
SPY | QQQ | |
|---|---|---|
| Last price | $774.94 | $756.15 |
| 1D performance | +0.69% | +0.88% |
| AuM | $815.33 B | $504.03 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 | 497 | 101 |
| 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
96.4%
Other
3.6%
QQQ
USA
94.49%
Other
5.51%
Sectors
SPY
Technology
45.23%
Finance
13.62%
Healthcare
9.08%
Consumer Non-Cycl.
8.88%
Industrials
7.46%
Other
15.72%
QQQ
Technology
67.22%
Consumer Non-Cycl.
11.5%
Other
21.28%
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Diversification
SPY
Total weight of top 15 holdings out of 15
44.11%
QQQ
Total weight of top 15 holdings out of 15
56.8%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about SPY and QQQ
How have the SPY and QQQ ETFs performed in 2026?
As of October 2, 2026, SPY is up 13.73% year-to-date (YTD), while QQQ has returned 22.42%. 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 +$12.37B in flows, compared to +$7.64B for QQQ.
Which ETF is more volatile: SPY or QQQ?
Over the past year, SPY had a volatility of 13%, while QQQ experienced 19.92%.
Which ETF is bigger: SPY or QQQ?
As of October 2, 2026, SPY holds $815.33 B in assets under management (AUM), while QQQ manages $504.03 B.
What sectors do the SPY and QQQ ETFs invest in?
SPY leans toward sectors like Technology, Finance and Healthcare. Meanwhile, QQQ focuses on Technology and Consumer Non-Cyclicals.
What are the top holdings of the SPY ETF and QQQ ETF?
SPY top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. QQQ holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: SPY or QQQ?
SPY holds 500 securities with 44.11% of its assets in the top 15. QQQ has 102 securities and a top 15 weight of 56.8%.
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