QQQ vs QQQM
QQQ vs QQQM
Invesco QQQ Trust, Series 1 vs Invesco NASDAQ 100 ETF
Quick Verdict
QQQM has a lower expense ratio. QQQM delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | QQQ | QQQM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.15% | |
| AUM | $455.8B | $96.5B | |
| Dividend Yield | 0.41% | 0.43% | |
| Holdings | 108 | 107 | |
| YTD Return | +18.20% | +18.23% | |
| 1Y Return | +27.63% | +27.67% | |
| 3Y Return (annualized) | +25.54% | +25.63% | |
| 5Y Return (annualized) | +15.12% | +15.21% | |
| Volatility (annualized) | 30.6% | 20.2% | |
| Max Drawdown | -83.0% | -35.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Oct 13, 2020 |
QQQ vs QQQM Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco NASDAQ 100 ETF (QQQM) is a ETF from Invesco (US). Over the past year QQQ returned +27.63% while QQQM returned +27.67%. Year to date, QQQ is up 18.20% versus a gain of 18.23% for QQQM.
Over three years, QQQ compounded at +25.54% per year against +25.63% for QQQM; over five years the annualized figures are +15.12% and +15.21% respectively. Across the full 6-year window we track, QQQM has the edge at +17.42% annualized vs +13.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 20.2% 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 -83.0% for QQQ and -35.0% for QQQM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 0.41% against 0.43% for QQQM.
Holdings Overlap
QQQ and QQQM share 101 holdings out of 105 unique holdings combined, representing a 91.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in QQQM | Difference |
|---|---|---|---|
| NVDA | 7.88% | 7.52% | 0.36% |
| AAPL | 7.46% | 6.60% | 0.86% |
| MU | 4.67% | 5.69% | 1.02% |
| MSFT | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
See all 10 holdings QQQ shares with QQQM Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
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. On a $10,000 investment, that is $3 per year of difference.
Which performed better, QQQ or QQQM?
Over the past year QQQ returned +27.63% vs +27.67% for QQQM, so QQQM leads on 1-year performance. Over the longest common window we track (6 years), QQQ annualized +13.11% vs +17.42% for QQQM. Past performance does not guarantee future results.
Which is riskier, QQQ or QQQM?
QQQ has been the more volatile fund at 30.6% annualized versus 20.2% for QQQM. Worst drawdown: QQQ -83.0% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QQQ and QQQM?
QQQ and QQQM share 101 common holdings with a 91.7% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, QQQ or QQQM?
QQQ yields 0.41% while QQQM yields 0.43%, so QQQM currently pays the higher dividend yield.
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