QQQ vs XMMO
Invesco QQQ Trust, Series 1 vs Invesco S&P MidCap Momentum ETF
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | QQQ | XMMO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.35% | |
| AUM | $496.3B | $7.6B | |
| Dividend Yield | 0.44% | 0.63% | |
| Holdings | 108 | 77 | |
| YTD Return | +16.19% | +11.14% | |
| 1Y Return | +25.22% | +19.59% | |
| 3Y Return (annualized) | +25.47% | +24.80% | |
| 5Y Return (annualized) | +14.34% | +13.32% | |
| Volatility (annualized) | 30.6% | 29.9% | |
| Max Drawdown | -83.0% | -84.7% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Mar 3, 2005 |
QQQ vs XMMO Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Invesco S&P MidCap Momentum ETF (XMMO) is a ETF from Invesco (US). Over the past year QQQ returned +25.22% while XMMO returned +19.59%. Year to date, QQQ is up 16.19% versus a gain of 11.14% for XMMO.
Over three years, QQQ compounded at +25.47% per year against +24.80% for XMMO; over five years the annualized figures are +14.34% and +13.32% respectively. Across the full 28-year window we track, QQQ has the edge at +13.01% annualized vs +7.14%. 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 29.9% for XMMO. 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 -84.7% for XMMO. 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 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQ charges 0.18% per year while XMMO charges 0.35%. On a $10,000 position that is $18 vs $35 annually, a gap of $17 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.63% for XMMO.
Holdings Overlap
QQQ and XMMO share 0 holdings out of 178 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQQ or XMMO?
QQQ has an expense ratio of 0.18% while XMMO charges 0.35%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, QQQ or XMMO?
Over the past year QQQ returned +25.22% vs +19.59% for XMMO, so QQQ leads on 1-year performance. Over the longest common window we track (28 years), QQQ annualized +13.01% vs +7.14% for XMMO. Past performance does not guarantee future results.
Which is riskier, QQQ or XMMO?
QQQ has been the more volatile fund at 30.6% annualized versus 29.9% for XMMO. Worst drawdown: QQQ -83.0% vs XMMO -84.7%.
Should I hold both QQQ and XMMO?
QQQ and XMMO have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and XMMO?
QQQ and XMMO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 178 unique securities.
Which pays a higher dividend, QQQ or XMMO?
QQQ yields 0.44% while XMMO yields 0.63%, so XMMO currently pays the higher dividend yield.
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