QQQ vs SPY

Invesco QQQ Trust against SPDR S&P 500 ETF — live side-by-side technical comparison.

Prices as of 2026-11-06T21:00:00+00:00 UTC · updates daily

Who leads right now

SPY leads 4 of the 5 windows we measure — over 1 month QQQ is -13.4% and SPY -5.4%; over year to date QQQ is +6.8% and SPY +7.8%. The QQQ/SPY price ratio stands at 0.8923, below its 50-day average of 0.9414, and below the 200-day average of 0.931. A ratio above its own average means QQQ is gaining on SPY; on this reading the recent edge belongs to SPY.

Performance side by side

QQQSPY
Price$656.10 $735.29
1 day +1.4%lead +0.3%
5 days -5.0% -2.7%lead
1 month -13.4% -5.4%lead
6 months -5.7% +0.2%lead
Year to date +6.8% +7.8%lead
52-week position 48% of range 70% of range
52-week range $555.60–$762.86 $629.28–$781.62
vs 50-day average below $720.97 below $765.68
vs 200-day average below $680.89 above $730.38
RSI (14) 30 35
Next earnings ——

Where each one stands

QQQ — Invesco QQQ Trust

QQQ trades at $656.10, below its 50-day average of $720.97, and below the 200-day at $680.89. It sits at 48% of its 52-week range ($555.60–$762.86); 14-day RSI is 30, in neutral territory; an average session moves it about 2.5%. For levels, the first level overhead is $680.89 (3.8% away) and the first support below is $650.00 (0.9% down). On the checklist the page runs for every asset, 1 of 6 checks read bullish — the lean is bearish.

SPY — SPDR S&P 500 ETF

SPY trades at $735.29, below its 50-day average of $765.68, and above the 200-day at $730.38. It sits at 70% of its 52-week range ($629.28–$781.62); 14-day RSI is 35, in neutral territory; an average session moves it about 1.5%. For levels, the first level overhead is $750.00 (2.0% away) and the first support below is $730.38 (0.7% down). On the checklist the page runs for every asset, 2 of 6 checks read bullish — the lean is bearish.

Which one moves harder

QQQ is the more volatile of the two — an average session moves it 2.5% against 1.5% for SPY, so an identical position size carries roughly 1.7× the daily risk.

What would change the picture

The comparison turns on those levels: QQQ clearing $680.89 or losing $650.00; SPY clearing $750.00 or losing $730.38. Until one of them gives way, the relative reading above stands.

Questions people ask about QQQ vs SPY

Which is performing better right now, QQQ or SPY?
Over the past month QQQ is -13.4% and SPY is -5.4%, so SPY is ahead on that window. Year to date the figures are +6.8% for QQQ and +7.8% for SPY.
Is QQQ or SPY more volatile?
QQQ is the more volatile of the two — an average session moves it 2.5% against 1.5% for SPY, so an identical position size carries roughly 1.7× the daily risk.
What are the key levels for QQQ and SPY?
QQQ: resistance $680.89, support $650.00; SPY: resistance $750.00, support $730.38. Levels come from recent swing zones and round numbers, recomputed daily.
What does the QQQ/SPY ratio mean?
It is simply QQQ's price divided by SPY's — 0.8923 today. When the ratio rises, QQQ is outperforming; when it falls, SPY is. Comparing it to its own 50- and 200-day averages shows whether the current leadership is new or long-standing.

Full technical briefs

QQQ →
Invesco QQQ Trust
Full technical brief: trend, levels, chart, news
SPY →
SPDR S&P 500 ETF
Full technical brief: trend, levels, chart, news

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