QQQM vs VOO
Invesco NASDAQ 100 ETF vs Vanguard S&P 500 ETF
Which is better, QQQM or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. QQQM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 46.3%.
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 | QQQM | VOO |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $103.0B | $997.4B |
| Dividend Yield | 0.46% | 1.04% |
| Holdings | 107 | 509 |
| YTD Return | +17.91%Best | +12.37% |
| 1Y Return | +21.74%Best | +16.61% |
| 3Y Return (annualized) | +25.68%Best | +21.37% |
| 5Y Return (annualized) | +15.29%Best | +13.49% |
| Volatility (annualized) | 20.1% | 15.4%Best |
| Max Drawdown | -35.0% | -24.5%Best |
| $10,000 over 5 years | $20,368Best | $18,827 |
| Top 10 Weight | 46.3% | 37.6%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Oct 13, 2020 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Oct 13, 2020 to Sep 18, 2026 (5.9 years).
QQQM vs VOO 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 5.9 years both funds cover.
QQQM vs VOO Performance
Invesco NASDAQ 100 ETF (QQQM) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year QQQM returned +21.74% while VOO returned +16.61%. Year to date, QQQM is up 17.91% versus a gain of 12.37% for VOO.
Over three years, QQQM compounded at +25.68% per year against +21.37% for VOO; over five years the annualized figures are +15.29% and +13.49% respectively. Across the full 6-year window we track, QQQM has the edge at +17.01% annualized vs +15.57%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQM has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 15.4% for VOO. 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 -35.0% for QQQM and -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQM charges 0.15% per year while VOO charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, QQQM currently yields 0.46% against 1.04% for VOO.
Holdings Overlap
90.5% of QQQM's money is in holdings VOO also owns. 52.5% of VOO's money is in holdings QQQM also owns.
Most of QQQM is already inside VOO. Owning both mostly buys the same companies twice.
85 positions in common, counted across the 104 positions we hold weights for in QQQM and 494 in VOO, against full books of 107 and 509.
What only one of them owns
Our book lists 402 positions for VOO that do not appear in our book for QQQM (46.7% of the fund), and 13 for QQQM that do not appear in VOO (3.8%).
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 QQQM | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.08% | 7.55% | 0.53% |
| AAPLApple, Inc | 7.15% | 7.05% | 0.10% |
| MSFTMicrosoft Corp | 5.76% | 5.36% | 0.40% |
| AMZNAmazon.Com Inc | 4.70% | 4.13% | 0.57% |
| GOOGLAlphabet Inc,class A | 3.46% | 3.24% | 0.22% |
| AVGOBroadcom Inc | 3.12% | 2.86% | 0.26% |
| GOOGAlphabet Inc | 3.22% | 2.62% | 0.60% |
| MUMicron Technology, Inc. | 4.38% | 1.44% | 2.94% |
| METAMeta Platforms Inc | 2.74% | 1.90% | 0.84% |
| TSLATesla Inc | 2.57% | 1.36% | 1.21% |
90.5% of QQQM is already inside VOO.
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, QQQM or VOO?
QQQM has an expense ratio of 0.15% while VOO charges 0.03%. VOO is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, QQQM or VOO?
Over the past year QQQM returned +21.74% vs +16.61% for VOO, so QQQM leads on 1-year performance. Over the longest common window we track (6 years), QQQM annualized +17.01% vs +15.57% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQM or VOO?
QQQM has been the more volatile fund at 20.1% annualized versus 15.4% for VOO. Worst drawdown: QQQM -35.0% vs VOO -24.5%.
Should I hold both QQQM and VOO?
QQQM and VOO have a monthly-return correlation of 0.92, 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 QQQM and VOO?
90.5% of QQQM's money is in holdings VOO also owns. 52.5% of VOO's is in holdings QQQM also owns. They hold 85 positions in common, counted across the 104 positions we hold weights for in QQQM and 494 in VOO.
Which pays a higher dividend, QQQM or VOO?
QQQM yields 0.46% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than QQQM?
VOO has a lower expense ratio. QQQM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 46.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.