QQQ vs QQQM: which ETF is better?
Invesco QQQ Trust, Series 1 (QQQ) and Invesco NASDAQ 100 ETF (QQQM) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- QQQ and QQQM have very high overlap: 100% of each fund by weight sits in the same holdings.
- QQQM is cheaper at 0.15% a year against 0.18% for QQQ, about $3 less in fees per $10,000 invested each year.
- Over the last 5 years, QQQM returned an average of 11.2% a year against 11.1% for QQQ, with dividends reinvested.
- Overlap by weight
- 99.8%
- Shared holdings
- 101
| QQQ | QQQM | |
|---|---|---|
| Name | Invesco QQQ Trust, Series 1 | Invesco NASDAQ 100 ETF |
| Issuer | Invesco | Invesco |
| Listed on | Nasdaq · USD | Nasdaq · USD |
| Expense ratio | 0.18% | 0.15% |
| Assets (AUM) | $446B | $103B |
| Launched | Mar 10, 1999 | Oct 13, 2020 |
| Holdings | 101 | 102 |
| Dividend yield (12m) | 0.47% · quarterly | 0.49% · quarterly |
| Asset class | Equity | Equity |
| Annualised return | QQQ | QQQM |
|---|---|---|
| 1 year | +7.8% | +7.8% |
| 3 years | +21.8% | +21.9% |
| 5 years | +11.1% | +11.2% |
| 10 years | +20.0% | — |
| Volatility | 20.9% | 20.7% |
| Max drawdown | -35.1% | -35.0% |
Volatility is the annualised standard deviation of daily returns over 3 years. Max drawdown is the largest fall from a peak over the last 10 years, or since launch.
| Holding | QQQ | QQQM |
|---|---|---|
| AAPLApple Inc | 8.70% | 8.70% |
| NVDANVIDIA Corp | 7.58% | 7.58% |
| MSFTMicrosoft Corp | 6.89% | 6.89% |
| AMZNAmazon.com Inc | 4.86% | 4.86% |
| MUMicron Technology Inc | 3.54% | 3.54% |
| AMDAdvanced Micro Devices Inc | 3.15% | 3.16% |
| TSLATesla Inc | 3.13% | 3.13% |
| METAMeta Platforms Inc | 3.11% | 3.11% |
| WMTWalmart Inc | 2.97% | 2.97% |
| GOOGLAlphabet Inc | 2.87% | 2.87% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("QQQ","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("QQQ","2020-10-01",TODAY(),"dailyAdj")=SF("QQQM","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("QQQM","2020-10-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 6, 2026. Returns are in each fund's trading currency (USD). Past performance doesn't predict future returns. For information only, not investment advice.
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QQQ vs QQQM: frequently asked questions
How much do QQQ and QQQM overlap?
99.8% by weight. They share 101 holdings, and that share of each fund is invested in exactly the same positions. That's very high, so holding both adds little diversification.
Is QQQ or QQQM cheaper?
QQQM is cheaper. QQQ's expense ratio is 0.18% a year and QQQM's is 0.15%, so on $10,000 you'd pay about $18 and $15 a year.
Which has performed better, QQQ or QQQM?
Over the last 5 years, QQQM has. QQQ returned 11.1% and QQQM 11.2% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, QQQ or QQQM?
QQQM does. Over the last 12 months QQQ yielded 0.47%, paid quarterly, and QQQM 0.49%, paid quarterly.
Should I hold both QQQ and QQQM?
Holding both mostly doubles up on the same stocks, since 100% of each fund is in the same positions. Most investors pick one, often the cheaper one. This is general information, not advice.
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