MDY vs QQQ
State Street SPDR S&P MIDCAP 400 ETF Trust vs Invesco QQQ Trust
Last updated: 2026-04-02
State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) is an exchange-traded fund issued by State Street that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a moderate expense ratio of 0.24%. The fund offers a moderate dividend yield of 1.15%. Launched in 1995, the fund has a 31-year track record.
Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.20%. The fund offers a modest dividend yield of 0.48%. Launched in 1999, the fund has a 27-year track record.
Quick Verdict
QQQ has a slightly lower expense ratio (0.20% vs 0.24%), saving about $79 per $10,000 over 10 years. Over the past year, QQQ has significantly outperformed with a 22.5% return vs 13.9%. Income investors may prefer MDY for its higher yield (1.1% vs 0.5%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
0 of top 9 holdings overlap (0% overlap in top holdings)
MDY Top Holdings
| Name | Weight |
|---|---|
| Ciena Corp | 102.57% |
| Coherent Corp | 90.18% |
| Lumentum Holdings Inc | 81.25% |
| Flex Ltd | 69.47% |
| Twilio Inc | 67.05% |
| United Therapeutics Corp | 65.23% |
| Pure Storage Inc | 65.05% |
| Casey's General Stores Inc | 63.89% |
| Curtiss-Wright Corp | 63.20% |
| Illumina Inc | 62.31% |
QQQ Top Holdings
| Name | Weight |
|---|---|
| NVIDIA Corp. | 903.46% |
| Apple Inc. | 800.82% |
| Microsoft Corp. | 716.56% |
| Amazon.com, Inc. | 491.91% |
| Tesla, Inc. | 396.59% |
| Meta Platforms, Inc. | 386.46% |
| Alphabet Inc. | 338.25% |
| Broadcom Inc. | 325.82% |
| Palantir Technologies Inc. | 223.47% |
Which One Should You Choose?
Choose QQQ if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose QQQ if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose MDY if...
you prioritize dividend income and want higher regular distributions from your portfolio.