ETF Versus

QQQM vs SPY

Invesco NASDAQ 100 ETF vs State Street SPDR S&P 500 ETF Trust

Last updated: 2026-04-02

Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. Launched in 2020, the fund has a 6-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2020-10-13
SPY

State Street SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund that provides exposure to large-cap U.S. equities across growth and value styles. Launched in 1993, the fund has a 33-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 1993-01-29

Quick Verdict

Over the past year, QQQM has significantly outperformed with a 22.7% return vs 16.1%.

Key Metrics

Metric QQQM SPY
Expense Ratio N/A N/A
Dividend Yield N/A N/A
Fund Family N/A N/A
Category US Large Cap Growth US Large Cap Blend

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
QQQM +76.8%
SPY +61.2%

Performance Comparison

Period QQQM SPY Difference
1 Month -2.89% -3.69% +0.80%
3 Months -4.70% -4.09% -0.61%
6 Months -3.84% -2.44% -1.40%
YTD -4.70% -4.09% -0.61%
1 Year +22.74% +16.07% +6.67%
3 Years +82.72% +59.45% +23.27%
5 Years +76.76% +61.25% +15.51%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period QQQM Fees SPY 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 QQQM SPY
Annualized Volatility 22.2% 17.1%
Max Drawdown -35.6% -25.4%
Sharpe Ratio 0.42 0.38

Dividend Comparison

Metric QQQM SPY
Annual Dividend (per share) $1.27 $7.38
Dividend Yield 0.53% 1.13%
Distribution Frequency Quarterly Quarterly

Which One Should You Choose?

Choose QQQM if...

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

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