QQQ vs SPYM: Grades, Fees and Holdings Compared

Invesco QQQ Trust, Series 1

QQQANasdaq

State Street SPDR Portfolio S&P 500 ETF

SPYMANYSE Arca

Overlap

54.0%by weight

QQQNasdaq-100 IndexSPYMS&P 500 Index

Expense ratio

SPYM −0.16pt a year

QQQ0.18%SPYM0.02%

Avg volume · 30D

QQQ 3.1×the volume

QQQ36.9MSPYM12.1M

10Y return · a year

QQQ +5.1pt

QQQ+20.8%SPYM+15.7%

QQQ vs SPYM Performance

Oct 28, 2021 – Oct 28, 2026

+94.6%QQQ+80.7%SPYM

Expense ratio: QQQ 0.18%; SPYM 0.02%, better
Fund size: QQQ $477B; SPYM $183B
1Y total return: QQQ +15.2%, better; SPYM +13.7%
Yield (12M): QQQ 0.43%; SPYM 1.00%, better
Holdings: QQQ 105; SPYM 508
Avg volume (30D): QQQ 36.9M sh, better; SPYM 12.1M sh
NAV per share: QQQ $712.04; SPYM $90.06
52W range

ETF.net Grade

Pillar letters and Scores for QQQ, SPYM, with each pillar’s weight
Pillar	QQQ	SPYM
Cost30% weight	B64	A99
Mission25% weight	A100	A100
Risk15% weight	C49	C51
Tradability15% weight	A93	A72
Holdings10% weight	B61	B57
Durability5% weight	A81	A79

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

Nasdaq-100⁠

Category · 10 funds

See all 10 ›

QQQ ranks 2nd of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 75
Rank 3AIQQiShares Nasdaq 100 ETFScore 71

S&P 500⁠

Category · 14 funds

See all 14 ›

SPYM ranks 1st of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79

Our read on each fund

ETF.net Research

QQQAInvesco QQQ Trust, Series 1

SPYMAState Street SPDR Portfolio S&P 500 ETF

In short

QQQ The 1999 original. QQQ tracks the Nasdaq-100, roughly 100 of the largest non-financial companies listed on the Nasdaq, and has become one of the most heavily traded funds on the market.

SPYM State Street's budget-priced S&P 500 tracker: the same 500 large caps as its famous sibling, for 0.02% a year, the lowest fee in its S&P 500 peer group. Running since 2005 and now one of the category's giants.

Stated mandate

QQQ The trust is designed to match the pre-expense investment performance of the Nasdaq-100 Index.

SPYM The fund seeks to track the total return of the S&P 500 Index before fees and expenses, providing broad exposure to U.S. large-cap equities.

Why people hold it

QQQ Launched in 1999, it is one of the longest-running ETFs in the US and one of the most actively traded, which usually means tight spreads and easy fills at size.
The mandate is simple: match the Nasdaq-100 before expenses. Tracking has stayed about as close to the index as this structure allows.
At 0.18%, the fee sits below the typical Nasdaq-100 tracker, and the fund is one of the largest ETFs in existence.
The index screens out financial companies, so you own Nasdaq-listed tech, consumer and healthcare heavyweights rather than a broad slice of the market.nasdaq.com

SPYM 0.02% a year, the cheapest fee in its S&P 500 cohort, against a 0.15% median for the group. Two dollars a year per $10,000 invested.
Same S&P 500 index as State Street's flagship SPY (0.09%), for a fraction of the fee, and a basis point under VOO and IVV.
Tracks the index tightly: gaps between fund and benchmark are among the smallest in its peer group, which is the whole job of an index wrapper.
Live since 2005, now one of the largest and most heavily traded funds in the category. Distributions land quarterly.

Worth knowing

QQQ Invesco's own QQQM follows the same index for 0.15%. QQQ's edge is trading depth, not price.
About 100 market-cap-weighted names with no financials: the biggest few carry a lot of the index, and sector swings land harder than in a total-market fund.nasdaq.com
Income is a side effect here, not the point. Distributions are paid quarterly and the index leans toward growth companies.nasdaq.com

SPYM The S&P 500 is cap-weighted, so the biggest US companies drive most of the move. Equal-weight takes on the same index (RSP) spread that bet differently.
About 500 US large caps and nothing else: no mid caps, no small caps, no international.
The fee edge over VOO and IVV is one basis point. Same index, so trading costs and platform access matter as much as the sticker fee.

Full QQQ profile⁠

Full SPYM profile⁠

QQQ vs SPYM Holdings

Holdings as of Oct 28, 2026 for QQQ and Oct 27, 2026 for SPYM

How QQQ and SPYM differ

Overlap by weight

54.0%

Shared holdings make up 93.0% of QQQ and 54.0% of SPYM.

Level by level

Holdings86 in both54.0%
Sector11 Sectors73.7%
Countryby domicile95.8%
Asset classEquity100%

Sector

Sector weights in QQQ and SPYM, widest gap first
Sector	More in QQQMore in SPYM	QQQ	SPYM
Technology	QQQ +21.1 points	58.7%	37.6%
Financials	SPYM +11.9 points	0.2%	12.1%
Health Care	SPYM +5.5 points	4.4%	9.9%
Energy	SPYM +3.2 points	0.5%	3.7%
Communication	QQQ +2.4 points	11.6%	9.2%
Industrials	SPYM +2.2 points	5.8%	8.0%
Real Estate	SPYM +1.8 points	0.0%	1.8%
Consumer Discretionary	QQQ +1.5 points	10.5%	9.0%
Consumer Staples	QQQ +1.3 points	6.3%	5.0%
Utilities	SPYM +0.9 points	1.1%	2.0%
Materials	SPYM +0.7 points	1.0%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in QQQ and SPYM, widest gap first
Country	More in QQQMore in SPYM	QQQ	SPYM
United States	SPYM +2.8 points	94.8%	97.6%
United Kingdom	QQQ +1.2 points	1.6%	0.4%
Netherlands	QQQ +1.2 points	1.3%	0.1%
Canada	QQQ +1.1 points	1.1%	0.0%
Ireland	SPYM +1.0 points	0.2%	1.2%
Other countries (4)	QQQ +0.4 points	1.0%	0.6%

Concentration

Weight in the 10 largest Holdings

QQQ46.7%
SPYM37.9%

Securities held

QQQ101
SPYM506

Asset class

QQQ: Equity
SPYM: Equity

Holdings

Only in QQQ15
In both86
Only in SPYM420

Only in QQQ

15 securities, 6.8% of QQQ by weight

Space Exploration Technologies Corp2.74%
Shopify Inc0.86%
ASML Holding NV0.66%
ARM Holdings PLC0.42%
MercadoLibre Inc0.37%
PDD Holdings Inc0.22%
Strategy Inc0.22%
Astera Labs Inc0.21%
Coca-Cola Europacific Partners PLC0.21%
Thomson Reuters Corp0.19%
Nebius Group NV0.17%
Ferrovial NV0.17%
Rocket Lab Corp0.15%
Alnylam Pharmaceuticals Inc0.13%
CoreWeave Inc0.12%

Only in SPYM

420 securities, 45.9% of SPYM by weight

Eli Lilly & Co1.55%
Berkshire Hathaway Inc Class B1.54%
JPMorgan Chase & Co1.34%
Exxonmobil Holdings Corp1.15%
Visa Inc Class A Shares1.04%
Johnson & Johnson0.97%
AbbVie Inc0.77%
Mastercard Inc A0.75%
Chevron Corp0.69%
Procter & Gamble Co/The0.56%
UnitedHealth Group Inc0.56%
Coca Cola Co/The0.54%
Merck & Co. Inc.0.52%
Bank of America Corp0.50%
Home Depot Inc0.48%
Caterpillar Inc0.48%
Philip Morris International0.48%
General Electric0.45%
Rtx Corp0.40%
Goldman Sachs Group Inc0.39%
Thermo Fisher Scientific Inc0.38%
Wells Fargo & Co0.38%
Intl Business Machines Corp0.36%
Ge Vernova Inc0.34%
Morgan Stanley0.33%
Oracle Corp0.33%
Citigroup Inc0.31%
Salesforce Inc0.31%
Walt Disney Co/The0.29%
Amphenol Corp Class A0.28%
Arista Networks Inc0.28%
Conocophillips0.27%
Abbott Laboratories0.27%
Verizon Communications Inc0.27%
McDonald’s Corp0.27%
Union Pacific Corp0.27%
Welltower Inc0.26%
Nextera Energy Inc0.26%
Pfizer Inc0.26%
American Express Co0.25%
Servicenow Inc0.25%
BlackRock Inc0.25%
Deere & Co0.24%
Tjx Companies Inc0.24%
Accenture PLC Class A0.23%
Boeing Co/The0.22%
Schwab (Charles) Corp0.22%
Danaher Corp0.22%
Eaton Corp PLC0.22%
At+t Inc0.22%

Weight gaps

All 86 Holdings in both funds, largest gap first.

Holding weights in QQQ and SPYM, widest gap first
Holding	More in QQQMore in SPYM	QQQ	SPYM
Micron Technology IncMU	QQQ +2.96 points	4.50%	1.54%
Advanced Micro Devices IncAMD	QQQ +2.62 points	3.93%	1.31%
Walmart IncWMT	QQQ +1.68 points	2.49%	0.81%
Tesla IncTSLA	QQQ +1.66 points	3.33%	1.67%
Intel CorpINTC	QQQ +1.43 points	2.11%	0.68%
Palantir Technologies IncPLTR	QQQ +1.27 points	1.96%	0.69%
Cisco Systems IncCSCO	QQQ +1.22 points	1.88%	0.66%
Costco Wholesale CorpCOST	QQQ +1.22 points	1.89%	0.67%
Palo Alto Networks IncPANW	QQQ +0.93 points	1.41%	0.48%
Applied Materials IncAMAT	QQQ +0.88 points	1.35%	0.47%
Lam Research CorpLRCX	QQQ +0.84 points	1.29%	0.45%
Texas Instruments IncTXN	QQQ +0.80 points	1.21%	0.41%
Crowdstrike Holdings IncCRWD	QQQ +0.78 points	1.18%	0.40%
Meta Platforms IncMETA	QQQ +0.77 points	2.87%	2.10%
Netflix IncNFLX	QQQ +0.72 points	1.12%	0.40%
Amgen IncAMGN	QQQ +0.68 points	1.04%	0.36%
Linde PLCLIN	QQQ +0.66 points	1.01%	0.35%
Marvell Technology IncMRVL	QQQ +0.61 points	0.92%	0.31%
Analog Devices IncADI	QQQ +0.58 points	0.88%	0.30%
T-Mobile US IncTMUS	QQQ +0.57 points	0.68%	0.11%
KLA CorpKLAC	QQQ +0.57 points	0.86%	0.29%
Amazon.com IncAMZN	QQQ +0.56 points	4.25%	3.69%
Gilead Sciences IncGILD	QQQ +0.55 points	0.85%	0.30%
Sandisk CorpSNDK	QQQ +0.54 points	0.82%	0.28%
QUALCOMM IncQCOM	QQQ +0.54 points	0.83%	0.29%
PepsiCo IncPEP	QQQ +0.50 points	0.78%	0.28%
Alphabet IncGOOG	QQQ +0.46 points	2.72%	2.26%
Intuitive Surgical IncISRG	QQQ +0.44 points	0.68%	0.24%
Seagate Technology Holdings PLCSTX	QQQ +0.43 points	0.65%	0.22%
Fortinet IncFTNT	QQQ +0.41 points	0.58%	0.17%
Western Digital CorpWDC	QQQ +0.40 points	0.59%	0.19%
Vertex Pharmaceuticals IncVRTX	QQQ +0.37 points	0.57%	0.20%
Starbucks CorpSBUX	QQQ +0.32 points	0.50%	0.18%
Automatic Data Processing IncADP	QQQ +0.32 points	0.50%	0.18%
Booking Holdings IncBKNG	QQQ +0.31 points	0.48%	0.17%
Marriott International Inc/MDMAR	QQQ +0.31 points	0.44%	0.13%
Apple IncAAPL	QQQ +0.30 points	7.88%	7.58%
Monster Beverage CorpMNST	QQQ +0.28 points	0.38%	0.10%
CSX CorpCSX	QQQ +0.28 points	0.42%	0.14%
Cadence Design Systems IncCDNS	QQQ +0.28 points	0.41%	0.13%
NVIDIA CorpNVDA	QQQ +0.27 points	8.17%	7.90%
Adobe IncADBE	QQQ +0.26 points	0.42%	0.16%
Constellation Energy CorpCEG	QQQ +0.26 points	0.39%	0.13%
Datadog IncDDOG	QQQ +0.26 points	0.40%	0.14%
Synopsys IncSNPS	QQQ +0.26 points	0.39%	0.13%
Cintas CorpCTAS	QQQ +0.25 points	0.37%	0.12%
Intuit IncINTU	QQQ +0.25 points	0.39%	0.14%
Moderna IncMRNA	QQQ +0.25 points	0.36%	0.11%
AppLovin CorpAPP	QQQ +0.23 points	0.34%	0.11%
Regeneron Pharmaceuticals IncREGN	QQQ +0.23 points	0.35%	0.12%
Lumentum Holdings IncLITE	QQQ +0.22 points	0.33%	0.11%
Mondelez International IncMDLZ	QQQ +0.22 points	0.34%	0.12%
Comcast CorpCMCSA	QQQ +0.21 points	0.33%	0.12%
DoorDash IncDASH	QQQ +0.20 points	0.30%	0.10%
Ross Stores IncROST	QQQ +0.21 points	0.32%	0.11%
O'Reilly Automotive IncORLY	QQQ +0.20 points	0.31%	0.11%
American Electric Power Co IncAEP	QQQ +0.19 points	0.30%	0.11%
Airbnb IncABNB	QQQ +0.19 points	0.30%	0.11%
Honeywell International IncHON	QQQ +0.19 points	0.30%	0.11%
Diamondback Energy IncFANG	QQQ +0.19 points	0.25%	0.06%
NXP Semiconductors NVNXPI	QQQ +0.18 points	0.27%	0.09%
Monolithic Power Systems IncMPWR	QQQ +0.17 points	0.26%	0.09%
Baker Hughes CoBKR	QQQ +0.17 points	0.25%	0.08%
Broadcom IncAVGO	QQQ +0.16 points	2.53%	2.37%
Fastenal CoFAST	QQQ +0.16 points	0.25%	0.09%
Microsoft CorpMSFT	QQQ +0.16 points	6.14%	5.98%
PACCAR IncPCAR	QQQ +0.15 points	0.23%	0.08%
Honeywell Aerospace IncHONA	QQQ +0.15 points	0.23%	0.08%
Teradyne IncTER	QQQ +0.15 points	0.22%	0.07%
Autodesk IncADSK	QQQ +0.14 points	0.22%	0.08%
Xcel Energy IncXEL	QQQ +0.14 points	0.21%	0.07%
PayPal Holdings IncPYPL	QQQ +0.14 points	0.21%	0.07%
Keurig Dr Pepper IncKDP	QQQ +0.13 points	0.20%	0.07%
Exelon CorpEXC	QQQ +0.13 points	0.20%	0.07%
Microchip Technology IncMCHP	QQQ +0.13 points	0.19%	0.06%
IDEXX Laboratories IncIDXX	QQQ +0.12 points	0.19%	0.07%
Roper Technologies IncROP	QQQ +0.11 points	0.18%	0.07%
Alphabet IncGOOGL	QQQ +0.12 points	2.93%	2.81%
Old Dominion Freight Line IncODFL	QQQ +0.12 points	0.17%	0.05%
Paychex IncPAYX	QQQ +0.11 points	0.17%	0.06%
Workday IncWDAY	QQQ +0.11 points	0.17%	0.06%
Take-Two Interactive Software IncTTWO	QQQ +0.11 points	0.16%	0.05%
Axon Enterprise IncAXON	QQQ +0.10 points	0.15%	0.05%
GE HealthCare Technologies IncGEHC	QQQ +0.09 points	0.14%	0.05%
Dexcom IncDXCM	QQQ +0.09 points	0.13%	0.04%
Copart IncCPRT	QQQ +0.07 points	0.11%	0.04%

All 102 QQQ holdings⁠All 505 SPYM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QQQ vs SPYM Cost

Overpaying QQQ vs SPYM

$3,323

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

QQQ 0.18%
$3,749
SPYM 0.02%
$426

Amount$10,000

Years30 years

Cost over time

QQQ 0.18%
SPYM 0.02%
Overpaying

Year by year

Year	QQQ	SPYM	Overpaying
10	$328	$37	$291
20	$1,281	$144	$1,137
30	$3,749	$426	$3,323

Expense ratio

0.18%QQQ
0.02%SPYM, cheaper

Different Categories, so each fee sits in its own Category’s range.

QQQ among 10 Nasdaq-100 funds

QQQ0.18%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QQQ 4th cheapest of 10 funds

SPYM among 14 S&P 500 funds

SPYM0.02%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

SPYM cheapest of 14 funds

QQQ vs SPYM Dividends

Last 12 months to Oct 28, 2026

Yield (12M): QQQ 0.43%; SPYM 1.00%, better
Payout (12M): QQQ $3.09; SPYM $0.91
Last payment: QQQ $0.75; SPYM $0.24
Ex-dividend: QQQ Sep 21, 2026; SPYM Sep 11, 2026
Paid on: QQQ Oct 8, 2026; SPYM Sep 15, 2026
Frequency: QQQ Quarterly; SPYM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQQQuarterly · 40 paymentsAll QQQ payments⁠

SPYMQuarterly · 39 paymentsAll SPYM payments⁠

QQQ vs SPYM Risk

Fall from peak · 5 years

QQQ
SPYM

Risk facts

VolatilityStd dev, 3 years: QQQ 17.3%SPYM 12.4%, better
Return per unit of riskSharpe ratio, 3 years: QQQ 1.27SPYM 1.37, better
Worst fallMax drawdown, 5 years: QQQ −35.1%SPYM −24.5%, better
Market sensitivityBeta, 5 years: QQQ 1.23SPYM 1.01; Market = 1

QQQ and SPYM in the news

All news⁠

Closing Bell
Boeing plummets 10.7%, but Chip stocks lift S&P 500 on Broadcom deal
Oct 27, 2026QQQ
Top Movers
The biggest fund drop Tuesday was a WisdomTree payout, not a selloff
Oct 27, 2026QQQ
New ETFs
Liquid Strategies' new Nasdaq income ETF is selling S&P 500 puts
Oct 27, 2026QQQ
Opening Bell
Meta prices $37.5 billion of stock for AI, with $12.5 billion due this week
Oct 27, 2026QQQ
Top Movers
Brazil funds fall as much as 31.6% after Lula wins the runoff
Oct 26, 2026QQQ
Opening Bell
Brazil ETF indicated 26% lower after Lula wins the runoff
Oct 26, 2026QQQ

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