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QDPL vs SPY: Differences, Returns & Fees

QDPL and SPY hold 89% of their weight in the same names, and SPY returned +17.3% over the year. Net assets: $1.8bn on Oct 2, 2026 for Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF, and $817.2bn on Oct 8, 2026 for SPDR S&P 500 ETF Trust.

SPY costs 0.51 points a year less; their one-year returns differ by 1.0 point; SPY is far larger, $815.3bn against $1.8bn.

QDPL vs SPY: Differences, Returns & Fees
QDPLSPY
Expense ratio0.60%0.09%
Net assets, as of Oct 2, 2026$1.8bn$815.3bn
Total return, 1 year+16.3%+17.3%
What it tracksMetaurus US Large Cap Dividend Multiplier Index Series 400S&P 500 Index
Holdings in common89%
Top ten holdings, share of the fund34.2%39.1%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.

+16.3%
QDPL total return, 1 year
+17.3%
SPY total return, 1 year
0.60%
QDPL expense ratio
0.09%
SPY expense ratio

What they hold in common

By the books each fund has filed, QDPL and SPY hold 89% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 8, 2026.

half

89% in common

Positions both hold, largest shared weight first
Holding QDPL SPY
NVIDIA Corp 6.87% 8.34%
Apple Inc 6.41% 7.42%
Microsoft Corp 4.88% 5.80%
Amazon.com Inc 3.75% 3.73%
Alphabet Inc 2.95% 3.06%
Broadcom Inc 2.60% 2.56%
Alphabet Inc 2.38% 2.45%
Meta Platforms Inc 1.73% 2.38%
Berkshire Hathaway Inc 1.32% 1.42%
JPMorgan Chase & Co 1.33% 1.32%
Micron Technology Inc 1.31% 1.75%
Eli Lilly & Co 1.28% 1.40%
Only in QDPL
US TREASURY N/B 0.88%
US TREASURY N/B 0.85%
US TREASURY N/B 0.83%
US TREASURY N/B 0.82%
US TREASURY N/B 0.82%
US TREASURY N/B 0.82%
US TREASURY N/B 0.81%
US TREASURY N/B 0.81%
Only in SPY
BLOOM ENERGY CORP A 0.12%
ONEOK INC 0.09%
EVERPURE INC A 0.07%
VYLOR INC 0.07%
TWILIO INC A 0.06%
FERGUSON ENTERPRISES INC 0.06%
ILLUMINA INC 0.06%
REDDIT INC CL A 0.03%

Check overlap with more funds →

On the same fields

QDPL
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF
SPY
SPDR S&P 500 ETF Trust
Where it sits Stock ETF Stock ETF
Issuer Pacer State Street
What it is Tracks an index Tracks the S&P 500
Total return, 1 year +16.3% +17.3%
Its benchmark over the same days not published +17.3% (VOO)
Gap to its benchmark not available −0.1 pts vs VOO
Expense ratio 0.60% 0.09%
Already in the S&P 500 89.9% 99.8%
Holdings 513 504
Net assets, QDPL as of Oct 2, 2026 and SPY as of Oct 8, 2026 $1.8bn $817.2bn

QDPL and SPY on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About QDPL

QDPL tracks an index. Over the year to Oct 9, 2026 it returned +16.3% with distributions reinvested. The prospectus expense ratio is 0.60% a year. By its holdings filed for Jul 31, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 513 positions, with the top ten at 34.2%.

About SPY

SPY tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, QDPL or SPY?
In the year to Oct 9, 2026, with distributions reinvested, QDPL returned +16.3% and SPY +17.3%.
Which is cheaper, QDPL or SPY?
SPY is cheaper, by 0.51 percentage points a year. That is about $51 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QDPL and SPY overlap with the S&P 500?
By their latest filed holdings, 90% of QDPL and 100% of SPY by weight is stocks the S&P 500 already holds.
Other comparisons
IVV vs QDPLQDPL vs VTIQDPL vs VOOQDPL vs SPYMQVML vs SPYBAFE vs SPYCGCV vs SPYSPY vs USPX
QDPL on its own →SPY on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
QDPL filings on SEC EDGAR ↗QDPL prospectus with the expense ratio (SEC) ↗Pacer website ↗SPY filings on SEC EDGAR ↗State Street website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, QDPL against SPY, data as of Oct 9, 2026. https://etfiq.com/compare/any/qdpl-vs-spy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.