Head-to-Head
Own the Invesco NASDAQ 100 ETF rather than Invesco QQQ Trust, Series 1, unless you trade options
Invesco NASDAQ 100 ETF
$306.18−1.01 (−0.33%)
- 0.15%
- $112.5B
- +27.2%
- 0.43%
- 3.3M sh
- $309.32
- low $228.75high $314.12
The ETF.net QQQM Grade
A
Score 77 out of 100
- 1 of 10
Score 77 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A74 out of 100Rank 3 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 5 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A86 out of 100Rank 2 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B67 out of 100Rank 3 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 2 of 10
Our read on QQQM
AThe Nasdaq-100 in a thriftier wrapper. Launched in 2020, QQQM holds the same index as Invesco's famous original and charges 0.15% a year instead of 0.18%, built for people who buy and sit rather than trade.
The Fund seeks to track the performance of the NASDAQ-100 Index before fees and expenses by generally investing at least 90% of its assets in index securities.
Why people hold it
- Same NASDAQ-100 index as Invesco's original fund, for 0.15% instead of 0.18%. Identical mandate, smaller toll.invesco.com
- Undercuts the typical Nasdaq-100 wrapper (cohort median 0.20%) and costs well under half the equal-weight version, QQQE, at 0.35%.
- The mandate is literal: at least 90% of assets in index securities, tracking about 100 of the largest Nasdaq-listed non-financial companies.indexes.nasdaq.com
- A multi-billion-dollar, actively traded fund and one of the stronger implementations in its Nasdaq-100 peer group.
Worth knowing
- The index excludes financial companies and requires a Nasdaq listing, so whole slices of the US market never show up here.indexes.nasdaq.com
- Modified market-cap weighting means the biggest names carry the biggest weights, so a short list of mega-caps drives most of the ride.indexes.nasdaq.com
- Distributions land quarterly, and the index selects on size, not dividends.indexes.nasdaq.com
QQQM Holdings
- Stocks
- 106
- 47%
- NVDA
Sectors
- Technology60.3%
- Communication11.8%
- Consumer Discretionary9.9%
- Consumer Staples5.7%
- Industrials5.5%
- Health Care3.7%
- Utilities1.1%
- Materials0.9%
- Financials0.7%
- Energy0.5%
Geography
- United States95.47%
- United Kingdom1.63%
- Netherlands1.33%
- Canada0.97%
- Uruguay0.39%
- Ireland0.21%
QQQM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
QQQM$12,720
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | QQQM |
|---|---|
| Year to date | +21.9% |
| 1 month | +4.5% |
| 3 months | +2.9% |
| 1 year | +27.2% |
| 3 years | +27.1% |
| 5 years | +16.6% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QQQM |
|---|---|---|
| 2026 YTD | +21.9% | |
| 2025 | +20.8% | |
| 2024 | +25.7% | |
| 2023 | +55.0% | |
| 2022 | −32.5% | |
| 2021 | +27.4% | |
| 2020 | +6.7% |
QQQM in the news
QQQM Dividends
- 0.43%
- $1.32
- $0.31 per share
- Quarterly
Distribution history
QQQM Risk
- 17.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.27
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −35.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.23
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QQQM Cost
0.15%
QQQM0.15%
- The middle half of Nasdaq-100 funds
- Median 0.20%
2 of the 10 Nasdaq-100 funds charge less.
Other funds in Nasdaq-100
- AQQQInvesco QQQ Trust, Series 1Expense ratio 0.18%1 year return +27.1%
- AQNDXState Street SPDR Portfolio Nasdaq 100 ETFExpense ratio 0.10%1 year return —
- AIQQiShares Nasdaq 100 ETFExpense ratio 0.12%1 year return —
- BQQMGInvesco ESG NASDAQ 100 ETFExpense ratio 0.20%1 year return +28.4%
- CQNXTiShares Nasdaq-100 ex Top 30 ETFExpense ratio 0.20%1 year return +15.5%