What is a better buy qqq or spy
6/27/2024 04:33am
The better buy between Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF Trust (SPY) depends on your investment goals and risk tolerance. Here's a comparison to help you decide:
1. **Performance**: QQQ has outperformed SPY over the past year, with a percentage change of 54.76% compared to SPY's 25.84%. This indicates that QQQ may be a better choice if you're looking for higher returns.
|Ticker|Name|last-price|last-change|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|QQQ.O|Invesco QQQ Trust|480.3700|0.2065|54.764154501154295|20221230-20231229|QQQ|185|
|Ticker|Name|last-price|last-change|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|SPY.P|SPDR S&P 500 ETF Trust|545.5100|0.1248|25.844222835395055|20221230-20231229|SPY|169|
2. **Expense Ratios**: QQQ has a higher expense ratio of 0.2% compared to SPY's 0.09%. This means that QQQ may incur higher costs, which could impact your overall returns. However, it's important to note that the difference in expense ratios is relatively small.
3. **Holding Period**: The percentage change for SPY as of the latest data point is 0.39%, which suggests that it may be performing well in the short term.
|Ticker|Name|last-price|last-change|Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|SPY.P|SPDR S&P 500 ETF Trust|545.5100|0.1248|0.3851|20240625|SPY|169|
4. **Market Exposure**: Both ETFs provide exposure to the broader market, with QQQ focusing on the technology sector and SPY providing exposure to the entire S&P 500 index. If you prefer a more diversified portfolio, SPY might be a better choice.
In conclusion, if you're looking for higher potential returns and are willing to accept a slightly higher expense ratio, QQQ could be the better buy. However, if you prioritize lower costs and a more diversified portfolio, SPY might be the more suitable option. Consider your investment goals and risk tolerance when making your decision.