Updated Reviewed quarterly
QQQ vs SPYM: ETF Comparison
QQQ · Invesco
TER 0.18% · Yield —
SPYM · State Street
TER 0.02% · Yield —
Both QQQ and SPYM are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
In 30 seconds: QQQ (Invesco QQQ Trust, Invesco) trades on the NASDAQ at 0.18% TER. SPYM (SPDR Portfolio S&P 500 ETF, State Street) trades on the NYSE Arca at 0.02% TER. Both QQQ and SPYM are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
- QQQ: Invesco QQQ Trust — 0.18% TER, FIF above NZ$50K
- SPYM: SPDR Portfolio S&P 500 ETF — 0.02% TER, FIF above NZ$50K
- QQQ yield: not currently published
- SPYM yield: not currently published
- Cheaper TER: SPYM
Head-to-head comparison
| Feature | QQQ | SPYM |
|---|---|---|
| Fund | Invesco QQQ Trust | SPDR Portfolio S&P 500 ETF |
| Issuer | Invesco | State Street |
| Exchange | NASDAQ | NYSE Arca |
| Total expense ratio | 0.18% | 0.02% |
| Dividend yield (TTM) | — | — |
| Distribution frequency | Quarterly | Quarterly |
| NZ tax wrapper | FIF above NZ$50K | FIF above NZ$50K |
Where to buy
QQQ trades on the NASDAQ — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. SPYM trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. See all 11 NZ investment platforms compared.
Frequently asked questions
What is the difference between QQQ and SPYM?▾
QQQ (Invesco QQQ Trust) charges 0.18% TER vs SPYM (SPDR Portfolio S&P 500 ETF) at 0.02%. QQQ is from Invesco; SPYM is from State Street. Both QQQ and SPYM are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
Which has the lower fee, QQQ or SPYM?▾
SPYM is cheaper at 0.02% TER vs QQQ at 0.18% — a gap of 0.16 percentage points.
Which yields more, QQQ or SPYM?▾
Yield data for at least one fund is not currently published — check the issuer fact sheet for the latest trailing 12-month yield. Headline yield is gross; after-tax outcome depends on your tax wrapper (FIF above NZ$50K for QQQ, FIF above NZ$50K for SPYM).
Can NZ residents buy both QQQ and SPYM?▾
Yes. QQQ is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. SPYM is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers.
How does NZ tax differ between QQQ and SPYM?▾
QQQ is FIF above NZ$50K. SPYM is FIF above NZ$50K. Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.
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