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: 2026-04-10

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 0.46%. Launched in 1999, the fund has a 27-year track record.

AUM: $389.6B ER: 0.18% Yield: 0.46% Since: Mar 10, 1999

SPYG SPDR

State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an exchange-traded fund issued by SPDR 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 0.54%. Launched in 2000, the fund has a 26-year track record.

AUM: $44.2B ER: 0.04% Yield: 0.54% 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 (37.0% vs 36.0%).

Key Metrics

Metric	QQQ	SPYG
Expense Ratio	0.18%	0.04%
Dividend Yield	0.5%	0.5%
Fund Family	Invesco	SPDR
Category	US Large Cap Growth	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

QQQ +81.6%

SPYG +75.3%

Performance Comparison

Period	QQQ	SPYG	Difference
1 Month	+0.58%	+0.63%	-0.05%
3 Months	-2.54%	-3.48%	+0.94%
6 Months	+1.53%	-0.04%	+1.57%
YTD	-0.31%	-2.09%	+1.78%
1 Year	+36.99%	+35.95%	+1.04%
3 Years	+93.53%	+88.56%	+4.97%
5 Years	+81.55%	+75.34%	+6.21%

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	0.45	0.43

Dividend Comparison

Metric	QQQ	SPYG
Annual Dividend (per share)	$2.81	$0.56
Dividend Yield	0.46%	0.54%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

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

QQQ Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.69%
Apple Inc.AAPL	7.47%
Microsoft CorporationMSFT	5.55%
Amazon.com, Inc.AMZN	4.61%
Tesla, Inc.TSLA	3.47%
Meta Platforms, Inc.META	3.41%
Alphabet Inc.GOOG	3.32%
Walmart Inc.WMT	3.32%
Broadcom Inc.AVGO	3.18%

SPYG Top Holdings

Name	Weight
NVIDIA CorporationNVDA	14.49%
Microsoft CorporationMSFT	9.10%
Apple Inc.AAPL	6.22%
Broadcom Inc.AVGO	5.44%
Alphabet Inc.GOOG	4.82%
Meta Platforms, Inc.META	4.39%
Amazon.com, Inc.AMZN	3.75%
Berkshire Hathaway Inc.BRK.B	2.88%
Eli Lilly and CompanyLLY	2.47%

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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