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QUS vs SPY: Differences, Returns & Fees

QUS and SPY hold 62% of their weight in the same names, and SPY returned +17.3% over the year. Net assets on Oct 8, 2026: $1.6bn for State Street SPDR MSCI USA StrategicFactors ETF and $817.2bn for SPDR S&P 500 ETF Trust.

SPY costs 0.06 points a year less; their one-year returns differ by 2.1 points; SPY is far larger, $817.2bn against $1.6bn.

QUS vs SPY: Differences, Returns & Fees
QUSSPY
Expense ratio0.15%0.09%
Net assets, as of Oct 8, 2026$1.6bn$817.2bn
Total return, 1 year+15.2%+17.3%
What it tracksMSCI USA Factor Mix A-Series Capped Index ?S&P 500 Index
Holdings in common62%
Top ten holdings, share of the fund23.0%39.1%

Holdings in common uses holdings dated Oct 8, 2026.

+15.2%
QUS total return, 1 year
+17.3%
SPY total return, 1 year
0.15%
QUS expense ratio
0.09%
SPY expense ratio

What they hold in common

By the books each fund has filed, QUS and SPY hold 62% 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 Oct 8, 2026.

half

62% in common

Positions both hold, largest shared weight first
Holding QUS SPY
MICROSOFT CORP 3.77% 5.80%
APPLE INC 3.26% 7.42%
NVIDIA CORP 2.87% 8.34%
META PLATFORMS INC CLASS A 2.62% 2.38%
ELI LILLY + CO 2.21% 1.40%
ALPHABET INC CL A 1.32% 3.06%
ALPHABET INC CL C 1.17% 2.45%
BERKSHIRE HATHAWAY INC CL B 1.14% 1.42%
EXXONMOBIL HOLDINGS CORP 1.14% 1.04%
JPMORGAN CHASE + CO 1.02% 1.32%
AMAZON.COM INC 0.99% 3.73%
VISA INC CLASS A SHARES 1.98% 0.96%
Only in QUS
WASTE CONNECTIONS INC 0.40%
SNOWFLAKE INC 0.20%
CLOUDFLARE INC CLASS A 0.20%
FIRST CITIZENS BCSHS CL A 0.19%
UNITED THERAPEUTICS CORP 0.19%
ALNYLAM PHARMACEUTICALS INC 0.17%
LIBERTY MEDIA CORP C 0.17%
NEUROCRINE BIOSCIENCES INC 0.16%
Only in SPY
MODERNA INC 0.11%
SOUTHWEST AIRLINES CO 0.03%
VIATRIS INC 0.03%
ZEBRA TECHNOLOGIES CORP CL A 0.03%
REVVITY INC 0.03%
APA CORP 0.02%
HOST HOTELS + RESORTS INC 0.02%
AKAMAI TECHNOLOGIES INC 0.02%

Check overlap with more funds →

On the same fields

QUS
State Street SPDR MSCI USA StrategicFactors ETF
SPY
SPDR S&P 500 ETF Trust
Where it sits Stock ETF Stock ETF
Issuer State Street State Street
What it is Tracks an index Tracks the S&P 500
Total return, 1 year +15.2% +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 0.15% 0.09%
Already in the S&P 500 96.6% 99.8%
Holdings 514 504
Net assets, as of Oct 8, 2026 $1.6bn $817.2bn

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

About QUS

QUS tracks an index. Over the year to Oct 9, 2026 it returned +15.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 8, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 514 positions, with the top ten at 23.0%.

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, QUS or SPY?
In the year to Oct 9, 2026, with distributions reinvested, QUS returned +15.2% and SPY +17.3%.
Which is cheaper, QUS or SPY?
SPY is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QUS and SPY overlap with the S&P 500?
By their latest filed holdings, 97% of QUS and 100% of SPY by weight is stocks the S&P 500 already holds.
Other comparisons
QUS vs VOOIVV vs QUSQUS vs VTIQUS vs SPYMSPY vs SUSLSPY vs TCAFDFAU vs SPYSPY vs VIG
QUS on its own →SPY on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
QUS filings on SEC EDGAR ↗QUS prospectus with the expense ratio (SEC) ↗State Street website ↗SPY filings on SEC EDGAR ↗

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

Open data

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