ETF Comparison
QQQvsSPY
Invesco QQQ Trust, Series 1 (QQQ) vs State Street SPDR S&P 500 ETF Trust (SPY). Side-by-side stats, holdings overlap, and 5-year normalized growth.
Side by side
QQQ
Ticker
SPY
Invesco
Issuer
State Street
Large Cap Growth
Category
Large Cap Blend
Nasdaq-100
Index
S&P 500
0.180%
Expense ratio
0.090%
$494.28B
AUM
$785.65B
—
Dividend yield
—
$744.08
NAV
$759.32
$744.21
Price
$754.24
Mar 10, 1999
Inception
Jan 22, 1993
Overlap
QQQShared weightSPY
45.3% overlap
QQQ 69.1% of portfolio in shared names
SPY 45.3% of portfolio in shared names
24 shared holdings. 0 unique to QQQ, 481 unique to SPY.
Approximate — full holdings for QQQ aren't available yet, so overlap is based on top holdings only and likely understates the true figure.
5-year normalized growth (rebased to 100)
Top shared holdings
| Holding | QQQ % | SPY % |
|---|---|---|
| NVDA NVIDIA Corporation | 8.30% | 8.02% |
| AAPL Apple Inc. | 7.32% | 7.07% |
| MSFT Microsoft Corporation | 5.06% | 4.88% |
| AMZN Amazon.com, Inc. | 4.69% | 4.12% |
| GOOGL Alphabet Inc. | 3.62% | 3.50% |
| AVGO Broadcom Inc. | 3.23% | 3.12% |
| META Meta Platforms, Inc. | 2.99% | 2.14% |
| TSLA Tesla, Inc. | 3.52% | 1.92% |
| MU Micron Technology, Inc. | 4.58% | 1.60% |
| AMD Advanced Micro Devices, Inc. | 3.72% | 1.30% |
| INTC Intel Corporation | 2.66% | 0.87% |
| WMT Walmart Inc. | 2.56% | 0.80% |
| CSCO Cisco Systems, Inc. | 2.06% | 0.72% |
| COST Costco Wholesale Corporation | 1.94% | 0.68% |
| LRCX Lam Research Corporation | 1.75% | 0.61% |
| NFLX Netflix, Inc. | 1.60% | 0.56% |
| AMAT Applied Materials, Inc. | 1.57% | 0.55% |
| PLTR Palantir Technologies Inc. | 1.45% | 0.50% |
| TXN Texas Instruments Incorporated | 1.26% | 0.44% |
| QCOM QUALCOMM Incorporated | 1.14% | 0.40% |
Frequently asked
How much do QQQ and SPY overlap in holdings?+
QQQ (Invesco QQQ Trust, Series 1) and SPY (State Street SPDR S&P 500 ETF Trust) share 24 holdings. The conservative overlap measure — the smaller of the two portfolios' shared weight — is 45.3%. This is based on top holdings only and likely understates the true overlap, as full holdings aren't available for one of these funds yet.
Which has the lower expense ratio, QQQ or SPY?+
SPY charges 0.090% versus 0.180% for QQQ — a difference of about 9 basis points per year.
Are QQQ and SPY the same kind of ETF?+
QQQ is a Large Cap Growth fund; SPY is a Large Cap Blend fund. They are not direct substitutes — the comparison highlights how they differ.
Is QQQ or SPY a better investment?+
etfcompare doesn't recommend funds. We show objective comparisons — expense ratio, holdings overlap, yield, and normalized historical growth — so you can decide based on your own goals. Past performance does not guarantee future results.