Why does the move count the spread twice?

You pay half the spread to sell and half to buy. Both halves use each fund’s published 30-day median spread.

What is weight overlap?

For every security both funds hold, the smaller of its two weights, added up. Cash is never counted.

Fees and 30-day median spreads as each issuer publishes them; holdings as filed, to Oct 26, 2026.

The cost of switching funds

what a move between two funds costs and saves

As of Oct 26, 2026

Moving $25,000 from QQQ to VOO costs about $0.50 in spread and saves $38 a year in fees; 56% of the two funds’ holdings overlap, from books to Oct 26, 2026.

The spread is paid twice: half to sell, half to buy.

Change the inputs

Tool

Cash drag Protect Move Own

From

Amount moved$25,000$1,000$500,000The S&P 500 moves, to each period end−10%−30%+20%

Your buffer funds

BALT weight50%0100FJAN weight50%0100

Your settings are in the address, so the link opens this view.

Move

From data · Oct 26, 2026

Moving $25,000 from QQQ to VOO costs about $0.50 in spread and saves $38 a year in fees.

$0.50

spread to sell QQQ and buy VOO, at each fund’s 30-day median spread

$38

a year in fees saved: 0.18% to 0.03%

56%

weight overlap of QQQ and VOO, cash left out

1 month

for the fee saving to repay the spread

Your buffer funds through an S&P 500 move

Hypothetical · from your inputs

If the S&P 500 moves −10% to each fund’s period end, these buffer funds would return about −4.3% from today, against −10.0% unbuffered.

−4.3%

your buffer funds, from today to each period end, blended

−10.0%

the same money in the index, unbuffered

2 funds

weighted as you set them

BALT, ends Dec 31, 2026−0.5%

FJAN, ends Jan 15, 2027−8.2%

Before fees, at each period end only, on each fund’s published cap and buffer; prices between now and then move differently. Not a forecast.

Where to next

Cash drag→Protect→Own→My portfolio→Buffer ladder→

Cite this pageCitation, APA and Markdown

ETFIQ, The cost of switching funds, data as of Oct 26, 2026. https://etfiq.com/portfolio/move/

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Questions people ask

Why does the move count the spread twice?: You pay half the spread to sell and half to buy. Both halves use each fund’s published 30-day median spread.
What is weight overlap?: For every security both funds hold, the smaller of its two weights, added up. Cash is never counted.

Numbers from data carry their date. Anything computed from your inputs is hypothetical and before fees unless stated. Not investment advice.