What is the expense ratio of QQQ vs SPYG?

QQQ has an expense ratio of 0.18%, while SPYG has an expense ratio of 0.04%.

QQQ vs SPYG

Invesco QQQ Trust vs State Street SPDR Portfolio S&P 500 Growth ETF

Last updated: 2026-04-02

QQQ Invesco

Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.48%. Launched in 1999, the fund has a 27-year track record.

AUM: $363.1B ER: 0.18% Yield: 0.48% Since: Mar 10, 1999

SPYG

State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an exchange-traded fund that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.04%. The fund offers a modest dividend yield of 0.57%. Launched in 2000, the fund has a 26-year track record.

AUM: $40.3B ER: 0.04% Yield: 0.57% Since: Sep 25, 2000

Quick Verdict

SPYG is significantly cheaper at 0.04% vs 0.18% expense ratio, saving you approximately $277 per $10,000 invested over 10 years. QQQ has edged ahead over the past year (23.6% vs 22.5%).

Key Metrics

Metric	QQQ	SPYG
Expense Ratio	0.18%	0.04%
Dividend Yield	0.5%	0.6%
Fund Family	Invesco	N/A
Category	US Large Cap Growth	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

QQQ +76.5%

SPYG +69.9%

Performance Comparison

Period	QQQ	SPYG	Difference
1 Month	-3.91%	-4.37%	+0.46%
3 Months	-4.70%	-7.07%	+2.37%
6 Months	-3.13%	-5.37%	+2.24%
YTD	-4.70%	-7.07%	+2.37%
1 Year	+23.61%	+22.54%	+1.07%
3 Years	+82.51%	+78.00%	+4.51%
5 Years	+76.50%	+69.92%	+6.58%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	QQQ Fees	SPYG Fees	You Save
$10.000	10 years	$357	$80	$277
$10.000	20 years	$1.529	$344	$1.185
$10.000	30 years	$4.912	$1.112	$3.800
$50.000	10 years	$1.786	$399	$1.387
$50.000	30 years	$24.558	$5.560	$18.998
$100.000	30 years	$49.116	$11.121	$37.995

Risk Metrics

Based on 5 years of daily returns

Metric	QQQ	SPYG
Annualized Volatility	22.4%	21.1%
Max Drawdown	-35.6%	-33.1%
Sharpe Ratio	0.42	0.40

Dividend Comparison

Metric	QQQ	SPYG
Annual Dividend (per share)	$2.81	$0.56
Dividend Yield	0.48%	0.57%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

7 of top 9 holdings overlap (78% overlap in top holdings)

QQQ Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.55%
Apple Inc.AAPL	7.67%
Microsoft CorporationMSFT	5.56%
Amazon.com, Inc.AMZN	4.49%
Tesla, Inc.TSLA	3.79%
Walmart Inc.WMT	3.48%
Meta Platforms, Inc.META	3.26%
Alphabet Inc.GOOG	3.13%
Broadcom Inc.AVGO	2.99%

SPYG Top Holdings

Name	Weight
NVIDIA CorporationNVDA	14.62%
Microsoft CorporationMSFT	9.48%
Apple Inc.AAPL	6.43%
Broadcom Inc.AVGO	5.06%
Alphabet Inc.GOOG	4.63%
Meta Platforms, Inc.META	4.32%
Amazon.com, Inc.AMZN	3.72%
Berkshire Hathaway Inc.BRK.B	3.03%
Eli Lilly and CompanyLLY	2.51%

Which One Should You Choose?

Choose SPYG if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Either works if...

you just need broad us large cap growth exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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