QQQ vs QQQM
Invesco QQQ Trust, Series 1 vs Invesco NASDAQ 100 ETF
Which is better, QQQ or QQQM?
Nearly the same fund. QQQM costs less.
QQQM has a lower expense ratio. QQQM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQQ | QQQM |
|---|---|---|
| Expense Ratio | 0.18% | 0.15%Best |
| AUM | $498.6B | $109.3B |
| Dividend Yield | 0.42% | 0.44% |
| Holdings | 321 | 327 |
| YTD Return | +24.32% | +24.34%Best |
| 1Y Return | +25.59% | +25.63%Best |
| 3Y Return (annualized) | +28.30% | +28.38%Best |
| 5Y Return (annualized) | +16.83% | +16.90%Best |
| Volatility (annualized) | 20.0% | 19.9%Best |
| Max Drawdown | -35.1% | -35.0%Best |
| $10,000 over 5 years | $21,766 | $21,831Best |
| Top 10 Weight | 47.2%Tie | 47.2%Tie |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 10, 1999 | Oct 13, 2020 |
Volatility and max drawdown are measured over the window both funds cover: Oct 13, 2020 to Oct 6, 2026 (6 years).
QQQ vs QQQM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6 years both funds cover.
QQQ vs QQQM Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Invesco NASDAQ 100 ETF (QQQM) is an ETF from Invesco (US). Over the past year QQQ returned +25.59% while QQQM returned +25.63%. Year to date, QQQ is up 24.32% versus a gain of 24.34% for QQQM.
Over three years, QQQ compounded at +28.30% per year against +28.38% for QQQM; over five years the annualized figures are +16.83% and +16.90% respectively. Across the full 6-year window we track, QQQM has the edge at +17.90% annualized vs +17.83%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 19.9% for QQQM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.1% for QQQ and -35.0% for QQQM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while QQQM charges 0.15%. On a $10,000 position that is $18 vs $15 annually, a gap of $3 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.44% for QQQM.
Holdings Overlap
99.5% of QQQ's money is in holdings QQQM also owns. 99.5% of QQQM's money is in holdings QQQ also owns.
Most of QQQ is already inside QQQM. Owning both mostly buys the same companies twice.
100 positions in common, counted across the 102 positions we hold weights for in QQQ and 103 in QQQM, against full books of 321 and 327.
What only one of them owns
Our book lists 3 positions for QQQM that do not appear in our book for QQQ (0.6% of the fund), and 0 for QQQ that do not appear in QQQM (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in QQQM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.45% | 8.45% | 0.00% |
| AAPLApple, Inc | 7.80% | 7.80% | 0.00% |
| MSFTMicrosoft Corp | 5.88% | 5.88% | 0.00% |
| MUMicron Technology, Inc. | 4.85% | 4.85% | 0.00% |
| AMZNAmazon.Com Inc | 4.41% | 4.41% | 0.00% |
| AMDAdvanced Micro Devices Inc | 3.71% | 3.71% | 0.00% |
| GOOGLAlphabet Inc,class A | 3.15% | 3.15% | 0.00% |
| METAMeta Platforms Inc | 3.07% | 3.07% | 0.00% |
| GOOGAlphabet Inc. C | 2.93% | 2.93% | 0.00% |
| TSLATesla Inc | 2.92% | 2.92% | 0.00% |
99.5% of QQQ is already inside QQQM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or QQQM?
QQQ has an expense ratio of 0.18% while QQQM charges 0.15%. QQQM is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, QQQ or QQQM?
Over the past year QQQ returned +25.59% vs +25.63% for QQQM, so QQQM leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +17.83% vs +17.90% for QQQM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or QQQM?
QQQ has been the more volatile fund at 20.0% annualized versus 19.9% for QQQM. Worst drawdown: QQQ -35.1% vs QQQM -35.0%.
Should I hold both QQQ and QQQM?
QQQ and QQQM have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and QQQM?
99.5% of QQQ's money is in holdings QQQM also owns. 99.5% of QQQM's is in holdings QQQ also owns. They hold 100 positions in common, counted across the 102 positions we hold weights for in QQQ and 103 in QQQM.
Which pays a higher dividend, QQQ or QQQM?
QQQ yields 0.42% while QQQM yields 0.44%, so QQQM currently pays the higher dividend yield.
Is QQQM better than QQQ?
QQQM has a lower expense ratio. QQQM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.