QQQG vs SPYG: Grades, Fees and Holdings Compared

Pacer Nasdaq-100 Top 50 Cash Cows Growth Leaders ETF

QQQGCNasdaq

State Street SPDR Portfolio S&P 500 Growth ETF

SPYGANYSE Arca

Overlap

20.0%by weight

Expense ratio

SPYG −0.45pt a year

QQQG0.49%SPYG0.04%

Avg volume · 30D

SPYG 85.6×the volume

QQQG26.7KSPYG2.28M

QQQG vs SPYG Performance

Oct 31, 2025 – Oct 30, 2026

+17.7%QQQG+8.3%SPYG

Expense ratio: QQQG 0.49%; SPYG 0.04%, better
Fund size: QQQG $54M; SPYG $55.5B
1Y total return: QQQG +17.7%, better; SPYG +8.3%
Yield (12M): QQQG 0.07%; SPYG 0.50%, better
Holdings: QQQG 51; SPYG 154
Avg volume (30D): QQQG 26.7K sh; SPYG 2.28M sh, better
NAV per share: QQQG $29.12; SPYG $119.59
52W range

ETF.net Grade

Pillar letters and Scores for QQQG, SPYG, with each pillar’s weight
Pillar	QQQG	SPYG
Cost30% weight	F18	A96Higher
Mission25% weight	A82	A98Higher
Risk15% weight	C47	B62Higher
Tradability15% weight	C44	A95Higher
Holdings10% weight	C50Higher	D38
Durability5% weight	F17	A79Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. QQQG and SPYG are both graded against the same 35 US Growth Index funds, so their Grades compare head to head.

US Growth Index⁠

Category · 35 funds

See all 35 ›

SPYG ranks 1st and QQQG 28th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AILCGiShares Morningstar Growth ETFScore 78
Rank 28CPRXGPraxis Impact Large Cap Growth ETFScore 45
Rank 28CQQQGPacer Nasdaq-100 Top 50 Cash Cows Growth Leaders ETFScore 45
Rank 32CQMIDWisdomTree U.S. MidCap Quality Growth FundScore 40

Our read on each fund

ETF.net Research

QQQGCPacer Nasdaq-100 Top 50 Cash Cows Growth Leaders ETF

SPYGAState Street SPDR Portfolio S&P 500 Growth ETF

In short

QQQG Pacer took its Cash Cows playbook up to the Nasdaq-100: screen the index for free-cash-flow strength and momentum, then keep about 50 names. A concentrated growth sleeve with a boutique price tag.

SPYG The growth half of the S&P 500 for 0.04% a year, running since 2000. No exotic screen, no reinvention: just the index's fastest-growing names, in the cheapest wrapper tracking that index.

Stated mandate

QQQG The fund seeks to track the Pacer Nasdaq-100 Top 50 Cash Cows Growth Leaders Index before fees and expenses. Its rules-based approach screens Nasdaq-100 companies using projected cash-flow and earnings measures, free-cash-flow margin, and price momentum.

SPYG The fund seeks to track, before fees and expenses, the total return of the S&P 500 Growth Index. It provides exposure to S&P 500 companies selected for strong growth characteristics.

Why people hold it

QQQG Rules-based, not a stock picker's wish list. The screen ranks Nasdaq-100 companies on projected cash flow and earnings, free-cash-flow margin, and price momentum.paceretfs.com
Concentrated on purpose: about 50 holdings instead of the full Nasdaq-100, so the cash-flow leaders the index picks carry real weight in the portfolio.
Profitability sits inside the screen, so the roster tilts toward Nasdaq-100 names that actually convert business into free cash flow, with quarterly distributions.

SPYG Costs 0.04% a year, well under the typical fee in the US growth-ETF group.
The cheapest way to buy the S&P 500 Growth Index: VOOG follows the same benchmark at 0.07%.
Has tracked its index tightly, one of the strongest implementations among growth funds we grade.
Trading since 2000, now a multi-billion-dollar fund that changes hands actively, so spreads stay thin. Pays quarterly.

Worth knowing

QQQG 0.49% a year is a premium for growth exposure. Broad rivals such as VUG (0.03%) and SCHG (0.04%) deliver plain large-cap growth for single-digit basis points.
Small asset base and thin trading. Spreads can run wider than the household-name growth funds, which matters most on larger or hurried orders.
Launched in 2024, so the screen has yet to be tested across a full market cycle. Judge it on the rules, not on a long record.

SPYG About 150 stocks, not 500. You get the growth slice, which means heavier single-name and sector concentration than the full index.
The index screens on growth and momentum, so rebalances lean into names that have already run and the ride is bumpier than the broad market.
Large-cap US only. No small caps, no international, no bonds.

Full QQQG profile⁠

Full SPYG profile⁠

QQQG vs SPYG Holdings

As of Oct 23, 2026

How QQQG and SPYG differ

Overlap by weight

20.0%

Shared holdings make up 70.3% of QQQG and 52.1% of SPYG.

Level by level

Holdings31 in both20.0%
Sector11 Sectors68.7%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in QQQG and SPYG, widest gap first
Sector	More in QQQGMore in SPYG	QQQG	SPYG
Technology	QQQG +29.3 points	82.2%	52.9%
Communication	SPYG +13.4 points	1.4%	14.8%
Financials	SPYG +9.2 points	0.0%	9.2%
Consumer Discretionary	SPYG +5.6 points	2.7%	8.3%
Industrials	SPYG +1.9 points	3.7%	5.6%
Energy	QQQG +1.6 points	1.6%	0.0%
Real Estate	SPYG +0.6 points	0.0%	0.6%
Utilities	SPYG +0.3 points	0.0%	0.3%
Materials	SPYG +0.3 points	0.0%	0.3%
Health Care	QQQG +0.2 points	7.1%	6.8%
Consumer Staples	QQQG +0.2 points	1.4%	1.2%

Country, concentration and asset class

Country by domicile

Country weights in QQQG and SPYG, widest gap first
Country	More in QQQGMore in SPYG	QQQG	SPYG
Brazil	QQQG +0.8 points	0.8%	0.0%
United States	SPYG +0.6 points	99.2%	99.8%
Other countries (2)	SPYG +0.2 points	0.0%	0.2%

Concentration

Weight in the 10 largest Holdings

QQQG48.7%
SPYG58.9%

Securities held

QQQG50
SPYG152

Asset class

QQQG: Equity
SPYG: Equity

Holdings

Only in QQQG19
In both31
Only in SPYG121

Only in QQQG

19 securities, 29.7% of QQQG by weight

Western Digital Corp4.34%
Astera Labs Inc4.20%
CSX Corp2.02%
Texas Instruments Inc1.88%
Diamondback Energy Inc1.85%
Analog Devices Inc1.59%
Old Dominion Freight Line Inc1.47%
Automatic Data Processing Inc1.32%
Paychex Inc1.27%
Roper Technologies Inc1.15%
Vertex Pharmaceuticals Inc1.14%
Regeneron Pharmaceuticals Inc1.14%
NXP Semiconductors NV1.09%
QUALCOMM Inc1.07%
Microchip Technology Inc0.92%
Synopsys Inc0.89%
MercadoLibre Inc0.88%
Adobe Inc0.81%
Copart Inc0.66%

Only in SPYG

121 securities, 47.9% of SPYG by weight

Alphabet Inc Class A4.65%
Meta Platforms Inc Class A3.85%
Alphabet Inc Class C3.75%
Amazon.com Inc3.54%
Eli Lilly & Co3.07%
Berkshire Hathaway Inc Class B2.82%
Tesla Inc1.97%
JPMorgan Chase & Co1.73%
Johnson & Johnson1.09%
Visa Inc Class A Shares1.07%
Mastercard Inc A0.96%
Applied Materials Inc0.93%
Caterpillar Inc0.83%
Rtx Corp0.75%
Ge Vernova Inc0.66%
AbbVie Inc0.66%
Amphenol Corp Class A0.57%
Arista Networks Inc0.54%
Philip Morris International0.51%
Goldman Sachs Group Inc0.49%
General Electric0.47%
Welltower Inc0.47%
Coca Cola Co/The0.42%
Morgan Stanley0.38%
Uber Technologies Inc0.37%
Intl Business Machines Corp0.35%
Oracle Corp0.35%
Newmont Corp0.33%
American Express Co0.32%
Quanta Services Inc0.27%
Vertiv Holdings Co A0.26%
Tjx Companies Inc0.24%
Marriott International Class A0.24%
Howmet Aerospace Inc0.23%
Lumentum Holdings Inc0.23%
Hilton Worldwide Holdings In0.22%
McDonald’s Corp0.22%
Royal Caribbean Cruises Ltd0.22%
Progressive Corp0.21%
Robinhood Markets Inc A0.20%
O Reilly Automotive Inc0.20%
Corning Inc0.20%
Hca Healthcare Inc0.20%
Servicenow Inc0.19%
Doordash Inc A0.19%
Parker Hannifin Corp0.18%
Bloom Energy Corp A0.18%
Transdigm Group Inc0.18%
Bank of New York Mellon Corp0.18%
Johnson Controls Internation0.18%

Weight gaps

All 31 Holdings in both funds, largest gap first.

Holding weights in QQQG and SPYG, widest gap first
Holding	More in QQQGMore in SPYG	QQQG	SPYG
NVIDIA CorpNVDA	SPYG +13.30 points	1.14%	14.44%
Microsoft CorpMSFT	SPYG +9.69 points	1.30%	10.99%
Datadog IncDDOG	QQQG +5.42 points	5.67%	0.25%
Apple IncAAPL	SPYG +5.40 points	1.71%	7.11%
Marvell Technology IncMRVL	QQQG +5.32 points	5.57%	0.25%
Sandisk CorpSNDK	QQQG +5.13 points	5.67%	0.54%
Fortinet IncFTNT	QQQG +4.82 points	4.97%	0.15%
Seagate Technology Holdings PLCSTX	QQQG +3.97 points	4.25%	0.28%
Palo Alto Networks IncPANW	QQQG +3.44 points	3.93%	0.48%
Broadcom IncAVGO	SPYG +3.40 points	1.18%	4.58%
Crowdstrike Holdings IncCRWD	QQQG +3.25 points	3.99%	0.74%
Advanced Micro Devices IncAMD	QQQG +2.71 points	5.29%	2.58%
Micron Technology IncMU	QQQG +1.76 points	4.71%	2.95%
Cisco Systems IncCSCO	QQQG +1.70 points	2.33%	0.63%
Monster Beverage CorpMNST	QQQG +1.43 points	1.62%	0.19%
Airbnb IncABNB	QQQG +1.36 points	1.45%	0.09%
Dexcom IncDXCM	QQQG +1.27 points	1.31%	0.04%
Cadence Design Systems IncCDNS	QQQG +1.18 points	1.35%	0.17%
Workday IncWDAY	QQQG +0.99 points	1.04%	0.05%
Amgen IncAMGN	QQQG +0.96 points	1.43%	0.47%
Kla CorpKLAC	QQQG +0.95 points	1.56%	0.61%
Autodesk IncADSK	QQQG +0.84 points	0.92%	0.08%
Gilead Sciences IncGILD	QQQG +0.75 points	1.06%	0.31%
IDEXX Laboratories IncIDXX	QQQG +0.65 points	0.78%	0.13%
Lam Research CorpLRCX	QQQG +0.61 points	1.50%	0.89%
Intuit IncINTU	QQQG +0.53 points	0.67%	0.14%
AppLovin CorpAPP	QQQG +0.45 points	0.64%	0.19%
Booking Holdings IncBKNG	QQQG +0.41 points	0.73%	0.32%
Intuitive Surgical IncISRG	QQQG +0.35 points	0.79%	0.44%
Palantir Technologies IncPLTR	SPYG +0.29 points	0.97%	1.26%
Netflix IncNFLX	QQQG +0.03 points	0.75%	0.72%

All 52 QQQG holdings⁠All 152 SPYG 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.

QQQG vs SPYG Cost

Overpaying QQQG vs SPYG

$8,943

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

QQQG 0.49%
$9,792
SPYG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

QQQG 0.49%
SPYG 0.04%
Overpaying

Year by year

Year	QQQG	SPYG	Overpaying
10	$883	$73	$810
20	$3,394	$288	$3,106
30	$9,792	$849	$8,943

Expense ratio

0.49%QQQG
0.04%SPYG, cheaper

SPYG0.04%QQQG0.49%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SPYG 2nd cheapest of 35 funds

QQQG 28th cheapest of 35 funds

QQQG vs SPYG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QQQG 0.07%; SPYG 0.50%, better
Payout (12M): QQQG $0.02; SPYG $0.59
Last payment: QQQG $0.01; SPYG $0.15
Ex-dividend: QQQG Sep 3, 2026; SPYG Sep 21, 2026
Paid on: QQQG Sep 8, 2026; SPYG Sep 23, 2026
Frequency: QQQG Quarterly; SPYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQQGQuarterly · 8 paymentsAll QQQG payments⁠

SPYGQuarterly · 39 paymentsAll SPYG payments⁠

QQQG vs SPYG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QQQG 23.3%since Sep 2024SPYG 16.5%
Return per unit of riskSharpe ratio, 3 years: QQQG 0.61since Sep 2024SPYG 1.28
Worst fallMax drawdown, 5 years: QQQG −23.6%since Aug 2024SPYG −32.7%
Market sensitivityBeta, 5 years: QQQG 1.41SPYG 1.17; Market = 1

QQQG and SPYG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026SPYG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026SPYG

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QQQG vs SPYG

In short

Stated mandate

Why people hold it

Worth knowing

How QQQG and SPYG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QQQG

Only in SPYG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best growth ETF is the cheap one on the index you want

The cheap large-cap growth pick is the S&P 500 list

How QQQG and SPYG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QQQG

Only in SPYG

Weight gaps