QBIG vs QQQ

QBIGDInvesco Top QQQ ETF

QQQAInvesco QQQ Trust, Series 1

In short

QBIG The Nasdaq-100 with the small fry stripped out: roughly the top 45% by weight (capped at 47%), a short list of mega-caps reset quarterly, so the roster follows whoever is biggest instead of locking in a named Magnificent 7 basket.

QQQ The 1999 original. QQQ tracks the Nasdaq-100, roughly 100 of the largest non-financial companies listed on the Nasdaq, and has become one of the most heavily traded funds on the market.

Stated mandate

QBIG The fund seeks long-term capital growth by obtaining exposure to the largest companies in the Nasdaq-100 through the Nasdaq-100 Mega Index, which represents approximately the top 45% by weight. Exposure is obtained through direct equity holdings and total-return swaps.

QQQ The trust is designed to match the pre-expense investment performance of the Nasdaq-100 Index.

Why people hold it

• QBIG Owns the giants only: approximately the top 45% by weight of the Nasdaq-100, not exceeding 47%, which lands at a handful of mega-cap names rather than all 100.invesco.com
• Membership is decided by weight and refreshed quarterly, so the lineup moves as mega-cap leadership moves rather than freezing a fixed list of named companies.invesco.com
• Total-return swaps carry part of the exposure and are designed to reflect the index's quarterly rebalances and annual reweightings without taking custody of each stock.sec.gov

• QQQ Launched in 1999, it is one of the longest-running ETFs in the US and one of the most actively traded, which usually means tight spreads and easy fills at size.
• The mandate is simple: match the Nasdaq-100 before expenses. Tracking has stayed about as close to the index as this structure allows.
• At 0.18%, the fee sits below the typical Nasdaq-100 tracker, and the fund is one of the largest ETFs in existence.
• The index screens out financial companies, so you own Nasdaq-listed tech, consumer and healthcare heavyweights rather than a broad slice of the market.nasdaq.com

Worth knowing

• QBIG Costs 0.29% net of a waiver through August 31, 2027 (0.38% gross), above the category median. QQQM charges 0.15% and QNDX 0.10% for the full Nasdaq-100.
• Non-diversified by design: with only a handful of positions, one company's rough stretch lands hard, and industry concentration tracks whatever the index concentrates in.sec.gov
• Swaps add counterparty exposure and can be illiquid, and this is a small, lightly traded fund, so spreads tend to run wider than the big Nasdaq-100 wrappers.sec.gov

• QQQ Invesco's own QQQM follows the same index for 0.15%. QQQ's edge is trading depth, not price.
• About 100 market-cap-weighted names with no financials: the biggest few carry a lot of the index, and sector swings land harder than in a total-market fund.nasdaq.com
• Income is a side effect here, not the point. Distributions are paid quarterly and the index leans toward growth companies.nasdaq.com

Full QBIG profile⁠

Full QQQ profile⁠