QQQX vs VOO
Nuveen NASDAQ 100 Dynamic Overwrite Fund vs Vanguard S&P 500 ETF
Which is better, QQQX or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. QQQX led over 1Y, VOO over 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 55.2%.
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 | QQQX | VOO |
|---|---|---|
| Expense Ratio | 0.92% | 0.03%Best |
| AUM | $173M | $997.4B |
| Dividend Yield | 7.75% | 1.04% |
| Holdings | 284 | 509 |
| YTD Return | +11.77% | +12.50%Best |
| 1Y Return | +20.35%Best | +17.58% |
| 3Y Return (annualized) | +19.08% | +21.27%Best |
| 5Y Return (annualized) | +8.09% | +12.95%Best |
| Volatility (annualized) | 17.8% | 14.1%Best |
| Max Drawdown | -43.4% | -34.3%Best |
| $10,000 over 5 years | $14,755 | $18,384Best |
| Top 10 Weight | 55.2% | 36.4%Best |
| Fund Family | Nuveen | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jan 30, 2007 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
QQQX 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 16 years both funds cover.
QQQX vs VOO Performance
Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) is an ETF from Nuveen and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year QQQX returned +20.35% while VOO returned +17.58%. Year to date, QQQX is up 11.77% versus a gain of 12.50% for VOO.
Over three years, QQQX compounded at +19.08% per year against +21.27% for VOO; over five years the annualized figures are +8.09% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.41% annualized vs +8.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQX has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 14.1% 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 -43.4% for QQQX and -34.3% 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQX charges 0.92% per year while VOO charges 0.03%. On a $10,000 position that is $92 vs $3 annually, a gap of $89 per year that compounds over a long holding period. On income, QQQX currently yields 7.75% against 1.04% for VOO.
Holdings Overlap
87.6% of QQQX's money is in holdings VOO also owns. 53.2% of VOO's money is in holdings QQQX also owns.
Most of QQQX is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 151 days apart, QQQX as of Jan 30, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
115 positions in common, counted across the 261 positions we hold weights for in QQQX and 505 in VOO, against full books of 284 and 509.
What only one of them owns
Our book lists 383 positions for VOO that do not appear in our book for QQQX (46.3% of the fund), and 120 for QQQX that do not appear in VOO (7.0%).
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 QQQX | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 10.24% | 7.51% | 2.73% |
| AAPLApple, Inc | 8.83% | 6.59% | 2.24% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.86% | 4.30% | 3.56% |
| AMZNAmazon.Com Inc | 5.03% | 3.62% | 1.41% |
| GOOGAlphabet Inc | 5.23% | 2.59% | 2.64% |
| AVGOBroadcom Inc | 4.31% | 2.77% | 1.54% |
| TSLATesla Inc | 3.95% | 1.84% | 2.11% |
| METAMeta Platforms, Inc. | 3.71% | 1.92% | 1.79% |
| AMATApplied Materials, Inc. | 3.51% | 0.89% | 2.62% |
| AMDAdvanced Micro Devices Inc. | 2.49% | 1.47% | 1.02% |
87.6% of QQQX 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, QQQX or VOO?
QQQX has an expense ratio of 0.92% while VOO charges 0.03%. VOO is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, QQQX or VOO?
Over the past year QQQX returned +20.35% vs +17.58% for VOO, so QQQX leads on 1-year performance. Over the longest common window we track (16 years), QQQX annualized +8.19% vs +13.41% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQX or VOO?
QQQX has been the more volatile fund at 17.8% annualized versus 14.1% for VOO. Worst drawdown: QQQX -43.4% vs VOO -34.3%.
Should I hold both QQQX and VOO?
QQQX and VOO have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQX and VOO?
87.6% of QQQX's money is in holdings VOO also owns. 53.2% of VOO's is in holdings QQQX also owns. They hold 115 positions in common, counted across the 261 positions we hold weights for in QQQX and 505 in VOO.
Which pays a higher dividend, QQQX or VOO?
QQQX yields 7.75% while VOO yields 1.04%, so QQQX currently pays the higher dividend yield.
Is VOO better than QQQX?
VOO has a lower expense ratio. QQQX led over 1Y, VOO over 3Y, 5Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 55.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.