What is the fundamental difference between QQQM and SPYG?

Both QQQM and SPYG are classified as Large Growth ETFs. However, QQQM specifically tracks the NASDAQ 100, focusing on large-cap non-financial companies, predominantly in technology. SPYG tracks the S&P 500 Growth Index, which includes growth-oriented companies from the broader S&P 500, covering multiple sectors beyond just tech. This results in different portfolio compositions despite both being growth funds.

What does an expense ratio mean for these ETFs?

The expense ratio is an annual fee charged by the fund manager, deducted from the fund's assets. It affects returns because it reduces the amount investors receive. QQQM has an expense ratio of 0.15%, while SPYG is lower at 0.04%. This means QQQM costs 0.11 percentage points more annually than SPYG to hold, which impacts long-term net performance if other factors remain equal.

Why is the index tracked information marked as 'not available'?

For QQQM, the data indicates the specific index tracked details are not available, which limits transparency on the exact methodology used by the fund provider. Similarly, for SPYG, the index tracked details are also noted as not available. This lack of detailed methodology data restricts the ability for investors to verify benchmark rules and understand precise inclusion criteria without consulting external sources.

How do the top holdings of QQQM and SPYG compare?

There is significant overlap in the top holdings of QQQM and SPYG, including NVDA, AAPL, MSFT, MU, AMZN, GOOGL, META, and GOOG. However, the weightings differ substantially. For instance, NVDA comprises 8.46% of QQQM but 14.78% of SPYG. MSFT is 5.89% in QQQM versus 10.07% in SPYG. This indicates that while they hold similar stocks, their concentration in these key positions varies.

What are the dividend yields of QQQM and SPYG?

Dividend yield represents the annual dividend payment as a percentage of the share price. QQQM has a dividend yield of 0.43%, while SPYG has a slightly higher yield of 0.47%. Both funds are designed for capital appreciation rather than income generation, so their yields are relatively low. This makes them less suitable for investors primarily seeking regular income streams from their investments.

How large are the assets under management for each fund?

Assets under management can indicate a fund's liquidity and size. QQQM holds substantial assets of $105.7 billion, which ensures high trading liquidity for most participants. SPYG has net assets of $55.0 billion, which also supports sufficient liquidity for most retail investors. Both funds are considered large and established in terms of capitalisation, reducing concerns about trading volume for standard retail transactions.

How long have QQQM and SPYG been in existence?

Inception date provides context on a fund's track record. SPYG is a long-established fund with an inception date of September 25, 2000. In contrast, QQQM is much newer, with an inception date of October 13, 2020. While SPYG has over two decades of history, QQQM has a shorter operational history, though it may track a similar type of strategy as older NASDAQ funds.

Why might sector concentration differ between the two funds?

Sector weights are not available for either QQQM or SPYG in the provided data. Generally, QQQM focuses on the NASDAQ 100, which is heavily weighted towards technology and growth sectors. SPYG tracks S&P 500 Growth, which may include growth companies from other sectors like healthcare or consumer discretionary. Without specific sector weights, assessing exact industry concentration remains incomplete.

Is QQQM or SPYG cheaper to hold?

Based on the expense ratios provided, SPYG is cheaper to hold. SPYG has an expense ratio of 0.04%, whereas QQQM has an expense ratio of 0.15%. The difference is 0.11 percentage points. Over time, even small differences in fees can compound, potentially leading to a noticeable difference in net returns, assuming all other investment outcomes are identical.

What should beginners note about holding transparency?

Beginners should note that for both QQQM and SPYG, detailed index tracking rules and sector weights are listed as not available. This limits the ability to perform deep fundamental analysis on methodology and industry balance directly from this dataset. Investors may need to consult official fund provider documents for full transparency on how these portfolios are constructed and maintained.

Which fund has a higher weighting in NVDA?

NVDA is a top holding in both funds, but the weighting differs significantly. In QQQM, NVDA accounts for 8.46% of the portfolio. In SPYG, NVDA has a much higher weighting of 14.78%. This indicates that SPYG currently has a greater concentration in Nvidia compared to QQQM, despite QQQM being a NASDAQ-focused fund which often has high tech exposure.

QQQM vs SPYG

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare QQQM (Invesco NASDAQ 100 ETF) and SPYG (SPDR Portfolio S&P 500 Growth ETF). This page examines fees, holdings, dividends and how each fund tracks its market. QQQM has a 0.15% expense ratio; SPYG has 0.04%. Both are Large Growth ETFs. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

QQQM

Metric

SPYG

0.15%

Expense Ratio

0.04%

0.43%

Dividend Yield

0.47%

$105.70B

Net Assets

$55.00B

106

Holdings

153

Oct 13, 2020

Inception Date

Sep 25, 2000

–

Index Tracked

–

Large Growth

Fund Category

Large Growth

SPYG costs about $11.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	QQQM	SPYG
NVDANVIDIA Corporation	8.46%	14.78%
AAPLApple Inc.	7.89%	6.74%
MSFTMicrosoft Corporation	5.89%	10.07%
MUMicron Technology, Inc.	4.85%	3.15%
AMZNAmazon.com, Inc.	4.31%	3.63%
GOOGLAlphabet Inc.	3.22%	5.64%
METAMeta Platforms, Inc.	3.22%	4.03%
GOOGAlphabet Inc.	2.99%	4.50%

Discover More Comparisons

QQQM vs SPYM

Compare QQQM and SPYM on fees, holdings, dividends, and tracking. QQQM: 0.15% fee, 0.43% yield. SPYM: 0.02% fee, 1.00% yield. Shared tech exposure noted.

QQQM vs SPMO

Compare QQQM and SPMO ETFs. Analyse fees, dividend yields, top holdings and index tracking details. Neutral factual data to support research.

QQQM vs VOOG

Compare QQQM and VOOG on fees, holdings, dividends and tracking. Analyse expense ratios, net assets, yields and top stocks to decide which to research.

Investment Analysis

QQQM

Pros

QQQM offers low cost with an expense ratio of 0.15% for NASDAQ 100 access.
The fund holds substantial assets of $105.7 billion, ensuring high trading liquidity.
Top holdings provide focused exposure to large technology and growth companies.

Considerations

Index tracked details are not available, limiting transparency on methodology.
Sector weights are not available, making industry concentration analysis incomplete.
The dividend yield is 0.43%, which may be low for income seekers.

SPYG

Pros

SPYG is very cheap, featuring a low expense ratio of 0.04%.
The fund is long-established with an inception date of Sep 25, 2000.
Assets of $55.0 billion support sufficient liquidity for most retail investors.

Considerations

Index tracked details are not available, restricting verification of benchmark rules.
Sector weights are not available, preventing assessment of portfolio balance.
The dividend yield is 0.47%, offering minimal current income generation.

About QQQM and SPYG

QQQM (QQQM)

The Invesco NASDAQ 100 ETF (QQQM) aims to track the performance of the Nasdaq 100 Index, offering investors exposure to a concentrated basket of large-cap growth companies. As a cost-effective version of the well-known Nasdaq exposure, it typically features lower fees than its larger sibling, making it an attractive option for buy-and-hold strategies. The fund holds approximately 106 companies, heavily weighted towards the technology sector, but also including consumer services, health care, and industrials. With net assets exceeding $105 billion, it provides deep liquidity. While historically associated with strong growth during bullish market periods, investors should remember that the underlying companies are subject to market volatility. Values can rise and fall, and returns are not guaranteed. It suits those seeking broad exposure to major US tech and growth innovators, rather than personalised financial advice.

SPYG (SPYG)

The SPDR Portfolio S&P 500 Growth ETF offers investors a streamlined way to access large-cap companies within the S&P 500 index that exhibit growth characteristics. With an exceptionally low expense ratio of just 0.04%, this fund prioritises cost efficiency, making it an attractive option for long-term investors seeking broad exposure to growth-oriented sectors. Holding 153 stocks, it provides diversification across key growth leaders while maintaining a manageable portfolio size. Although its dividend yield of 0.47% is modest compared to income-focused funds, the primary aim here is capital appreciation driven by companies expected to outpace average market growth. As with any equity investment, values can rise and fall, and returns are not guaranteed. Investors should consider their own risk tolerance and investment objectives before allocating funds to this ETF, ensuring it aligns with their overall portfolio strategy.

Buy QQQM or SPYG in Nemo

🆓

Zero Commission

Trade stocks, ETFs, and more with zero commission. Keep more of your returns.

🔒

Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

💰

6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

QQQM vs SPYG

Fund Snapshot