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SPY vs. QQQ

SPDR S&P 500 ETF Trust

SPY
$--
vs

Invesco QQQ Trust, Series 1

QQQ
$--

Correlation

SPYSPDR S&P 500 ETF Trust
QQQInvesco QQQ Trust, Series 1

What is SPY?

The SPDR S&P 500 ETF is a fund that before expenses generally corresponds to the price and yield performance of the S&P 500 Index.

Snapshot
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SPY SPDR S&P 500 ETF Trust
QQQ Invesco QQQ Trust, Series 1
Inception date
Jan 22, 1993
Mar 10, 1999
Expense ratio
0.09%
0.20%
SPY has a lower expense ratio than QQQ by 0.11%. This can indicate that it’s cheaper to invest in SPY than QQQ.
Type
US Equities
US Equities
SPY targets investing in US Equities, while QQQ targets investing in US Equities.
Fund owner
State Street (SPDR)
Invesco
SPY is managed by State Street (SPDR), while QQQ is managed by Invesco.
Volume (1m avg. daily)
$33,257,618,740
$17,559,045,883
Both SPY and QQQ are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$400,404,126,565
$197,956,569,440
SPY has more assets under management than QQQ by $202,447,557,125. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Index
Nasdaq 100 Index
SPY is based off of the S&P 500 Index, while QQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
No
SPY and QQQ use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SPY and QQQ both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
SPY and QQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Both SPY and QQQ may issue a K1. You can find non-K1 alternatives in their respective “Related ETFs” section.

Automated Strategies
Related toSPY

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Automated Strategies
Related toQQQ

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

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Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.