ETF Versus

QQQ vs SPSM

Invesco QQQ Trust vs State Street SPDR Portfolio S&P 600 Small Cap ETF

Last updated: 2026-04-02

QQQ

Invesco QQQ Trust (QQQ) is an exchange-traded fund that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. Launched in 1999, the fund has a 27-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 1999-03-10
SPSM

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that provides exposure to small-cap U.S. equities with higher growth potential and volatility. Launched in 2013, the fund has a 13-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2013-07-09

Quick Verdict

Over the past year, QQQ has significantly outperformed with a 22.7% return vs 17.2%.

Key Metrics

Metric QQQ SPSM
Expense Ratio N/A N/A
Dividend Yield N/A N/A
Fund Family N/A N/A
Category US Large Cap Growth US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

75 99 123 147 171 195 2021-04 2022-06 2023-09 2024-12 2026-04
QQQ +76.5%
SPSM +13.0%

Performance Comparison

Period QQQ SPSM Difference
1 Month -2.87% -3.42% +0.55%
3 Months -4.70% +2.83% -7.53%
6 Months -3.85% +4.15% -8.00%
YTD -4.70% +2.83% -7.53%
1 Year +22.72% +17.20% +5.52%
3 Years +82.51% +28.78% +53.73%
5 Years +76.50% +12.96% +63.54%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period QQQ Fees SPSM Fees You Save
$10,000 10 years $0 $0 $0
$10,000 20 years $0 $0 $0
$10,000 30 years $0 $0 $0
$50,000 10 years $0 $0 $0
$50,000 30 years $0 $0 $0
$100,000 30 years $0 $0 $0

Risk Metrics

Based on 5 years of daily returns

Metric QQQ SPSM
Annualized Volatility 22.4% 21.5%
Max Drawdown -35.6% -28.7%
Sharpe Ratio 0.42 0.01

Dividend Comparison

Metric QQQ SPSM
Annual Dividend (per share) $2.81 $0.77
Dividend Yield 0.48% 1.58%
Distribution Frequency Quarterly Quarterly

Which One Should You Choose?

Choose QQQ if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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