Data as of Oct 28, 2026.
QQQ vs XLF: Differences, Returns & Fees
Over the year to Oct 28, 2026, QQQ returned +15.2% to XLF's +7.6%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $483.0bn for Invesco QQQ Trust, Series 1 and $51.6bn for State Street Financial Select Sector SPDR ETF.
Pair scorecard
XLF costs 0.10 points a year less; their one-year returns differ by 7.6 points; QQQ is 9.4 times larger.
| Measure | QQQ | XLF |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.2% | +7.6% |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | 3.8%, high on Sep 3, 2026 |
| Benchmark | ||
| What it tracks | Nasdaq-100 Index | Financial Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.18% | 0.08% |
| Net assets, as of Oct 27, 2026 | $483.0bn | $51.6bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 46.7% | 57.4% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 19, 1999 to Oct 23, 2026 · 1,440 weekly returnsQQQ returned more: +1,532.3% to +360.7%. QQQ swung slightly less: 24.3% to 26.2%. QQQ and XLF fell about the same at their worst: −82.7% and −82.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | QQQ | XLF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,532.3% | +360.7% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +10.6% | +5.7% | QQQ | Total return as a yearly rate. |
| Price return | +1,275.8% | +119.2% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.3% | 26.2% | QQQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.0% | 17.8% | QQQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −82.7% | −82.7% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.46 | 0.27 | QQQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.66 | 0.40 | QQQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.13 | 0.07 | QQQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,440 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, QQQ and XLF hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
QQQ and XLF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
QQQ and XLF do different jobs. What does each one do in a portfolio?
- What each follows. QQQ follows Nasdaq-100 Index and XLF follows Financial Select Sector Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 QQQ returned +15.2% and XLF +7.6% with distributions reinvested, a gap of 7.6 points.
Data as of Oct 28, 2026.
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QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
XLF
XLF tracks an index of Financials. Over the year to Oct 28, 2026 it returned +7.6% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 57.4%. It sat 3.8% below its high of Sep 3, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, QQQ or XLF?
- In the year to Oct 28, 2026, with distributions reinvested, QQQ returned +15.2% and XLF +7.6%.
- Which is cheaper, QQQ or XLF?
- XLF is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, QQQ against XLF, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqq-vs-xlf
ETFIQ. (Oct 28, 2026). QQQ against XLF. Retrieved from https://etfiq.com/compare/any/qqq-vs-xlf
[QQQ against XLF (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/qqq-vs-xlf)
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