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SPY vs. QQQM

SPDR S&P 500 ETF Trust

SPY
$--
vs

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

QQQM
$--

Correlation

SPYSPDR S&P 500 ETF Trust
QQQMInvesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

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
QQQM Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
Inception date
Jan 22, 1993
Oct 13, 2020
Expense ratio
0.09%
0.15%
SPY has a lower expense ratio than QQQM by 0.06%. This can indicate that it’s cheaper to invest in SPY than QQQM.
Type
US Equities
US Equities
SPY targets investing in US Equities, while QQQM targets investing in US Equities.
Fund owner
State Street (SPDR)
Invesco
SPY is managed by State Street (SPDR), while QQQM is managed by Invesco.
Volume (1m avg. daily)
$33,257,618,740
$154,621,362
Both SPY and QQQM 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
$14,236,186,221
SPY has more assets under management than QQQM by $386,167,940,344. 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 QQQM is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
No
SPY and QQQM 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 QQQM 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 QQQM may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
SPY may issue a K1, while QQQM does not. You can find non-K1 alternatives for SPY in its “Related ETFs” section.

Automated Strategies
Related toSPY

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Automated Strategies
Related toQQQM

#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.