Mar 10, 1999 – Nov 12, 2026, QQQ for the Nasdaq-100, SPY for the S&P 500, QQQ sets the start date
Growth of $10,000
Loading the growth chart…
Key metrics · Mar 10, 1999 – Nov 12, 2026
| Return | QQQ | SPY |
|---|---|---|
| Final balance | $159,884 | $94,770 |
| Total return | +1,498.84% | +847.70% |
| CAGR | +10.53% | +8.46% |
| Calendar years | QQQ | SPY |
|---|---|---|
| Best year | +54.86% | +32.31% |
| Worst year | −41.73% | −36.80% |
| Positive years | 20 of 26 | 20 of 26 |
| Risk | QQQ | SPY |
|---|---|---|
| Max drawdown | −82.96% | −55.19% |
| Longest drawdown | 14.9 years | 6.6 years |
| Volatility (daily, annualized) | 26.90% | 19.19% |
| Risk-adjusted | QQQ | SPY |
|---|---|---|
| Sharpe ratio | 0.51 | 0.52 |
| Sortino ratio | 0.73 | 0.74 |
| Calmar ratio | 0.13 | 0.15 |
Trailing returns · Mar 10, 1999 – Nov 12, 2026
| Period | QQQ | SPY | QQQ − SPY |
|---|---|---|---|
| YTD | +12.40% | +11.89% | +0.51% |
| 1Y | +11.32% | +11.99% | −0.66% |
| 3Y | +22.75% | +21.23% | +1.52% |
| 5Y | +12.43% | +11.62% | +0.81% |
| 10Y | +20.34% | +15.14% | +5.19% |
| 15Y | +18.97% | +14.64% | +4.33% |
| 20Y | +15.76% | +10.88% | +4.88% |
Rolling returns · Mar 10, 1999 – Nov 12, 2026
| Period | QQQ median | SPY median | More often ahead |
|---|---|---|---|
| 1Y | +16.81% | +12.85% | QQQ 67% |
| 3Y | +14.98% | +11.15% | QQQ 78% |
| 5Y | +15.24% | +11.09% | QQQ 84% |
| 10Y | +13.82% | +8.78% | QQQ 88% |
Worst drawdowns · QQQ · Mar 10, 1999 – Nov 12, 2026
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −83.0% | Mar 2000 | Oct 2002 | Feb 2015 | 14.9 years |
| −35.1% | Dec 2021 | Nov 2022 | Dec 2023 | 2 years |
| −28.6% | Feb 2020 | Mar 2020 | Jun 2020 | 3 months |
| −22.8% | Aug 2018 | Dec 2018 | Apr 2019 | 7 months |
| −22.8% | Feb 2025 | Apr 2025 | Jun 2025 | 4 months |
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −55.2% | Oct 2007 | Mar 2009 | Aug 2012 | 4.9 years |
| −47.5% | Mar 2000 | Oct 2002 | Oct 2006 | 6.6 years |
| −33.7% | Feb 2020 | Mar 2020 | Aug 2020 | 6 months |
| −24.5% | Jan 2022 | Oct 2022 | Dec 2023 | 1.9 years |
| −19.3% | Sep 2018 | Dec 2018 | Apr 2019 | 7 months |
Annual returns
| Year | QQQ | SPY | QQQ − SPY |
|---|---|---|---|
| 2017 | +32.66% | +21.71% | +10.96% |
| 2018 | −0.13% | −4.57% | +4.44% |
| 2019 | +38.96% | +31.22% | +7.74% |
| 2020 | +48.62% | +18.33% | +30.29% |
| 2021 | +27.42% | +28.73% | −1.31% |
| 2022 | −32.58% | −18.18% | −14.40% |
| 2023 | +54.86% | +26.18% | +28.68% |
| 2024 | +25.58% | +24.89% | +0.69% |
| 2025 | +20.77% | +17.72% | +3.05% |
| 2026to Nov 12 | +12.40% | +11.89% | +0.51% |
Holdings overlap
As of Jun 30, 2026
88 holdings in common, of 102 in QQQ and 503 in SPY
| Largest in common | QQQ | SPY | Overlap |
|---|---|---|---|
| NVDANVIDIA Corporation | 7.60% | 7.52% | 7.52% |
| AAPLApple Inc. | 6.67% | 6.59% | 6.59% |
| MSFTMicrosoft Corporation | 4.35% | 4.30% | 4.30% |
| AMZNAmazon.com, Inc. | 4.02% | 3.62% | 3.62% |
| GOOGLAlphabet Inc. | 3.27% | 3.25% | 3.25% |
| AVGOBroadcom Inc. | 2.81% | 2.77% | 2.77% |
| GOOGAlphabet Inc. | 3.02% | 2.59% | 2.59% |
| MUMicron Technology, Inc. | 5.64% | 2.02% | 2.02% |
| METAMeta Platforms, Inc. | 2.62% | 1.92% | 1.92% |
| TSLATesla, Inc. | 3.30% | 1.84% | 1.84% |
About QQQ vs SPY
QQQ tracks the Nasdaq-100, the largest non-financial companies on the Nasdaq, and SPY tracks the S&P 500. SPY launched in 1993 and QQQ in 1999, so the comparison here takes in the dot-com crash and the 2008 crash. The QQQ vs VOO page starts in 2010.
QQQ returned 10.5% a year from Mar 1999 to Nov 2026, against 8.5% for SPY. QQQ fell furthest in 2000–2002, by 83.0%, and SPY in 2007–2009, by 55.2%. QQQ beat SPY in 16 of 26 full years and in 88% of rolling 10-year periods.
Uses daily closing prices with dividends reinvested. Fund fees are included, but not taxes or trading costs. The comparison starts on Mar 10, 1999, when QQQ's prices begin.