ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.
See our curated list of related YouTube videos on QQQM.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.
See our curated list of related YouTube videos on SPY.
Track the NASDAQ-100 Index with a lower expense ratio alternative to QQQ.
Track the S&P 500 Index before expenses.
Asset class
Equity
Equity
Inception date
10/13/2020
01/22/1993
Beta
1.18
1.0
Last dividend
$0.3520
$1.9035
Ex-dividend date
06/22/2026
09/18/2026
Bottom lineChoose QQQM if you want a growth tilt and can accept bigger swings for higher upside. Choose SPY if you want higher current income (1.01% vs 0.48% for QQQM).
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
QQQM has outpaced SPY over the trailing twelve months, posting a 27.48% total return against 22.00%. The lead holds up over 5 years too: QQQM has compounded at 15.15% a year, against 13.06% for SPY. SPY has been the steadier holding, though — annualized volatility of 15.2% against 20.1% for QQQM. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 16, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Oct 2020” measures every fund from October 13, 2020 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
QQQM (Invesco NASDAQ 100 ETF) and SPY (SPDR S&P 500 ETF Trust) are both quarterly-pay dividend ETFs, but they take different approaches.
SPY offers the higher yield at 1.01% vs 0.48% for QQQM. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SPY is cheaper with an expense ratio of 0.10% compared to 0.15%.
They track different benchmarks: QQQM is linked to NASDAQ-100 Index while SPY tracks S&P 500 Index, which means their performance drivers differ.
SPY is the larger fund by assets ($789B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, QQQM would generate roughly $4.00/month, while SPY would produce $8.42/month, at current distribution rates. Both pay quarterly distributions.
QQQM yield0.48%
SPY yield1.01%
Monthly diff on $10K$4.42
Cost & efficiency
Over 10 years on $10,000, QQQM would cost approximately $150 in fees vs $100 for SPY (simplified, not compounded). The $50.00 difference may be offset by yield or performance.
QQQM ER0.15%
SPY ER0.10%
Strategy & risk
QQQM tracks NASDAQ-100 Index with a growth approach, while SPY tracks S&P 500 Index with a large cap approach. Beta is 1.18 for QQQM and 1.0 for SPY, indicating SPY is less volatile relative to the market.
QQQM beta1.18
SPY beta1.0
Fund details
QQQM is managed by Invesco (launched 10/13/2020) with $96.8B in assets. SPY is managed by State Street (launched 01/22/1993) with $789B in assets.
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Frequently asked questions
Is QQQM or SPY better for dividend income?
It depends on your goals. SPY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between QQQM and SPY?
QQQM (Invesco NASDAQ 100 ETF) tracks NASDAQ-100 Index with a growth approach, while SPY (SPDR S&P 500 ETF Trust) tracks S&P 500 Index with a large cap approach. They are issued by Invesco and State Street respectively.
Can I hold both QQQM and SPY?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, QQQM or SPY?
QQQM has an expense ratio of 0.15% while SPY charges 0.10%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in QQQM vs SPY generate?
At current rates, $10,000 in QQQM would generate roughly $4.00 per month ($48.00 annually). The same in SPY would produce about $8.42 per month ($101.00 annually).
Which has performed better historically, QQQM or SPY?
QQQM has outpaced SPY over the trailing twelve months, posting a 27.48% total return against 22.00%. The lead holds up over 5 years too: QQQM has compounded at 15.15% a year, against 13.06% for SPY. SPY has been the steadier holding, though — annualized volatility of 15.2% against 20.1% for QQQM. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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