What is the expense ratio of QQQM vs SPYG?

QQQM has an expense ratio of 0.15%, while SPYG has an expense ratio of 0.04%.

QQQM vs SPYG

Invesco NASDAQ 100 ETF vs State Street SPDR Portfolio S&P 500 Growth ETF

Last updated: 2026-04-10

QQQM Invesco

Invesco NASDAQ 100 ETF (QQQM) 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 low expense ratio of 0.15%. The fund offers a modest dividend yield of 0.50%. Launched in 2020, the fund has a 6-year track record.

AUM: $72.6B ER: 0.15% Yield: 0.50% Since: Oct 13, 2020

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 0.15% expense ratio, saving you approximately $218 per $10,000 invested over 10 years. QQQM has edged ahead over the past year (37.0% vs 36.0%).

Key Metrics

Metric	QQQM	SPYG
Expense Ratio	0.15%	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)

QQQM +81.9%

SPYG +75.3%

Performance Comparison

Period	QQQM	SPYG	Difference
1 Month	+0.58%	+0.63%	-0.05%
3 Months	-2.54%	-3.48%	+0.94%
6 Months	+1.55%	-0.04%	+1.59%
YTD	-0.31%	-2.09%	+1.78%
1 Year	+36.96%	+35.95%	+1.01%
3 Years	+93.79%	+88.56%	+5.23%
5 Years	+81.86%	+75.34%	+6.52%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	QQQM Fees	SPYG Fees	You Save
$10,000	10 years	$298	$80	$218
$10,000	20 years	$1,278	$344	$934
$10,000	30 years	$4,109	$1,112	$2,997
$50,000	10 years	$1,490	$399	$1,091
$50,000	30 years	$20,547	$5,560	$14,987
$100,000	30 years	$41,094	$11,121	$29,973

Risk Metrics

Based on 5 years of daily returns

Metric	QQQM	SPYG
Annualized Volatility	22.2%	21.1%
Max Drawdown	-35.6%	-33.1%
Sharpe Ratio	0.45	0.43

Dividend Comparison

Metric	QQQM	SPYG
Annual Dividend (per share)	$1.27	$0.56
Dividend Yield	0.50%	0.54%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

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

QQQM Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.62%
Apple Inc.AAPL	7.41%
Microsoft CorporationMSFT	5.42%
Amazon.com, Inc.AMZN	4.63%
Meta Platforms, Inc.META	3.52%
Walmart Inc.WMT	3.35%
Tesla, Inc.TSLA	3.34%
Alphabet Inc.GOOG	3.33%
Broadcom Inc.AVGO	3.24%

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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