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ETF comparison

QQQM vs SPY

US Large Cap Growth vs US Large Cap.

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

Holdings overlap

Weighted by ISIN/CUSIP
54.9 %

87 positions appear in both funds. Buying equal dollars of QQQM and SPY would leave roughly 54.9% of each dollar exposed to the same underlying securities.

QQQM unmatched 44.8% Shared 54.9% SPY unmatched 45.0%

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

Side by side

QQQM

Invesco NASDAQ 100 ETF

Invesco · US Large Cap Growth

84 composite / 100
Expense ratio
0.15%
Net assets
$109.81B
TTM yield
0.45%
Top-10 conc.
47.3%
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

85
Cost
91
90
Tax efficiency
89
100
Liquidity
100
47
Concentration
60
—
Tracking quality
—
QQQM sub-score SPY

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

Cost difference

SPY is 6 bps cheaper than QQQM. On a $100,000 position that's about $56/yr more in fees for QQQM.

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 QQQM vs SPY.

Top shared holdings

87 shared in total
# Holding In QQQM In SPY Overlap
1 NVIDIA Corp. 8.13% 8.50% 8.13%
2 Apple Inc. 7.26% 7.32% 7.26%
3 Microsoft Corp. 5.30% 5.77% 5.30%
4 Amazon.com, Inc. 4.60% 3.71% 3.71%
5 Alphabet Inc. 3.51% 3.03% 3.03%
6 Broadcom Inc. 3.36% 2.54% 2.54%
7 Alphabet Inc. 3.24% 2.43% 2.43%
8 Meta Platforms, Inc. 2.96% 2.41% 2.41%
9 Micron Technology, Inc. 4.78% 1.82% 1.82%
10 Tesla, Inc. 3.45% 1.57% 1.57%
11 Advanced Micro Devices, Inc. 3.68% 1.55% 1.55%
12 Intel Corp. 2.51% 0.89% 0.89%

Only in QQQM

15 total
  • Honeywell International Inc. 0.66%
  • Shopify Inc. 0.64%
  • ASML Holding N.V. 0.62%
  • MercadoLibre, Inc. 0.38%
  • PDD Holdings Inc. 0.25%
  • Electronic Arts Inc. 0.22%
  • Strategy Inc. 0.22%
  • ARM Holdings PLC 0.22%
  • Ferrovial N.V. 0.21%
  • Coca-Cola Europacific Partners PLC 0.18%

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 QQQM 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.