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ETF comparison

QQQ vs SPY

US Large Cap Growth vs US Large Cap.

Invesco QQQ Trust · State Street SPDR S&P 500 ETF Trust

Holdings overlap

Weighted by ISIN/CUSIP
53.0 %

87 positions appear in both funds. Buying equal dollars of QQQ and SPY would leave roughly 53.0% of each dollar exposed to the same underlying securities.

QQQ unmatched 46.9% Shared 53.0% SPY unmatched 46.9%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In QQQ only
15 positions
Shared
87 positions
In SPY only
418 positions

Side by side

QQQ

Invesco QQQ Trust

Invesco · US Large Cap Growth

83 composite / 100
Expense ratio
0.18%
Net assets
$498.95B
TTM yield
0.44%
Top-10 conc.
45.0%
SPY

State Street SPDR S&P 500 ETF Trust

State Street · US Large Cap

88 composite / 100
Expense ratio
0.094%
Net assets
$809.22B
TTM yield
1.00%
Top-10 conc.
37.9%

Sub-score comparison

82
Cost
91
90
Tax efficiency
89
100
Liquidity
100
50
Concentration
60
—
Tracking quality
—
QQQ sub-score SPY

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SPY is 9 bps cheaper than QQQ. On a $100,000 position that's about $86/yr more in fees for QQQ.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with QQQ vs SPY.

Top shared holdings

87 shared in total
# Holding In QQQ In SPY Overlap
1 NVIDIA Corp. 7.60% 8.50% 7.60%
2 Apple Inc. 6.67% 7.32% 6.67%
3 Microsoft Corp. 4.35% 5.77% 4.35%
4 Amazon.com, Inc. 4.02% 3.71% 3.71%
5 Alphabet Inc. 3.27% 3.03% 3.03%
6 Broadcom Inc. 2.81% 2.54% 2.54%
7 Alphabet Inc. 3.02% 2.43% 2.43%
8 Meta Platforms, Inc. 2.62% 2.41% 2.41%
9 Micron Technology, Inc. 5.64% 1.82% 1.82%
10 Tesla, Inc. 3.30% 1.57% 1.57%
11 Advanced Micro Devices, Inc. 4.10% 1.55% 1.55%
12 Intel Corp. 3.04% 0.89% 0.89%

Only in QQQ

15 total
  • ASML Holding N.V. 0.79%
  • ARM Holdings PLC 0.65%
  • Shopify Inc. 0.60%
  • MercadoLibre, Inc. 0.37%
  • Astera Labs, Inc. 0.36%
  • Nebius Group N.V. 0.26%
  • Rocket Lab Corp. 0.25%
  • Electronic Arts Inc. 0.22%
  • PDD Holdings Inc. 0.22%
  • FERROVIAL NV 0.21%

Only in SPY

418 total
  • BERKSHIRE HATHAWAY INC CL B 1.41%
  • ELI LILLY + CO 1.37%
  • JPMORGAN CHASE + CO 1.33%
  • EXXONMOBIL HOLDINGS CORP 1.01%
  • JOHNSON + JOHNSON 0.93%
  • VISA INC CLASS A SHARES 0.92%
  • ABBVIE INC 0.70%
  • MASTERCARD INC A 0.67%
  • CHEVRON CORP 0.61%
  • CATERPILLAR INC 0.58%

Percentages are holdings overlap with the named fund.

Open QQQ or SPY at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.