QQMG vs QQQ: Grades, Fees and Holdings Compared

Invesco ESG NASDAQ 100 ETF

QQMGBNasdaq

Invesco QQQ Trust, Series 1

QQQANasdaq

Overlap

88.9%by weight

Expense ratio

QQQ −0.02pt a year

QQMG0.20%QQQ0.18%

Avg volume · 30D

QQQ 1783.5×the volume

QQMG20.8KQQQ37.1M

5Y return · a year

QQMG +1.0pt

QQMG+11.8%QQQ+10.8%

QQMG vs QQQ Performance

Nov 5, 2021 – Nov 5, 2026

+74.8%QQMG+67.2%QQQ

Expense ratio: QQMG 0.20%; QQQ 0.18%, better
Fund size: QQMG $211M; QQQ $469B
1Y total return: QQMG +4.7%, better; QQQ +4.3%
Yield (12M): QQMG 0.40%; QQQ 0.48%, better
Holdings: QQMG 89; QQQ 105
Avg volume (30D): QQMG 20.8K sh; QQQ 37.1M sh, better
NAV per share: QQMG $48.06; QQQ $691.74
52W range

ETF.net Grade

Pillar letters and Scores for QQMG, QQQ, with each pillar’s weight
Pillar	QQMG	QQQ
Cost30% weight	C46	B64Higher
Mission25% weight	A100	A100
Risk15% weight	C50	C50
Tradability15% weight	C46	A93Higher
Holdings10% weight	C43	B61Higher
Durability5% weight	C42	A81Higher

Rank among Nasdaq-100 funds

How we build Categories ›

Same Category. QQMG and QQQ are both graded against the same 10 Nasdaq-100 funds, so their Grades compare head to head.

Nasdaq-100⁠

Category · 10 funds

See all 10 ›

QQQ ranks 2nd and QQMG 5th of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 75
Rank 3AIQQiShares Nasdaq 100 ETFScore 70
Rank 4BQNDXState Street SPDR Portfolio Nasdaq 100 ETFScore 67
Rank 5BQQMGInvesco ESG NASDAQ 100 ETFScore 59
Rank 6BQNXTiShares Nasdaq-100 ex Top 30 ETFScore 57

Our read on each fund

ETF.net Research

QQMGBInvesco ESG NASDAQ 100 ETF

QQQAInvesco QQQ Trust, Series 1

In short

QQMG The Nasdaq-100 with an ESG filter on top: the same mega-cap growth roster, minus the names that fail the screens. Roughly 90 stocks at 0.20% a year, from the same house that runs the original Nasdaq-100 fund.

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

QQMG The Fund seeks to track, before fees and expenses, the Nasdaq-100 ESG Index.

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

Why people hold it

QQMG Tracks the Nasdaq-100 ESG Index, so the familiar mega-cap growth lineup stays intact while companies failing the ESG screens are filtered out.
0.20% a year, right at the median for Nasdaq-100 trackers. The ESG screen arrives without an ESG surcharge.
Roughly 90 names, and it follows its stated index tightly. On mandate fidelity it stands with the stronger builds in the Nasdaq-100 group.
Launched in 2021 by Invesco, the shop behind the original Nasdaq-100 fund, and it distributes quarterly.

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

QQMG Thinly traded next to the group's heavyweights, which tends to mean wider bid-ask spreads and more care needed on larger orders.
Pricier than Invesco's unscreened versions of the same index family: QQQM at 0.15% and QQQ at 0.18%.
The screens remove some Nasdaq-100 members, so the holdings and sector mix diverge from the standard index, and results diverge with them.

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 QQMG profile⁠

Full QQQ profile⁠

QQMG vs QQQ Holdings

How QQMG and QQQ differ

Overlap by weight

88.9%

Shared holdings make up 99.96% of QQMG and 93.0% of QQQ.

Level by level

Holdings86 in both88.9%
Sector10 Sectors91.3%
Asset classStocks100%
Countryby domicile99.7%

Sector

Sector weights in QQMG and QQQ, widest gap first
Sector	Gap	QQMG	QQQ
Technology	QQMG +8.1 points	67.4%	59.3%
Industrials	QQQ +4.4 points	1.1%	5.6%
Consumer Staples	QQQ +1.5 points	4.8%	6.3%
Utilities	QQQ +0.9 points	0.2%	1.1%
Health Care	QQQ +0.8 points	3.6%	4.4%
Energy	QQQ +0.5 points	0.0%	0.5%
Consumer Discretionary	QQQ +0.3 points	10.2%	10.5%
Communication	QQMG +0.3 points	11.3%	11.0%
Materials	QQMG +0.3 points	1.3%	1.0%
Financials	Same weight	0.2%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in QQMG and QQQ, widest gap first
Country	Gap	QQMG	QQQ
United States	QQQ +0.1 points	97.2%	97.3%
Netherlands	QQMG +0.2 points	1.1%	0.9%
Canada	QQQ +0.2 points	0.9%	1.1%
Brazil	Same weight	0.4%	0.4%
United Kingdom	QQMG +0.1 points	0.3%	0.2%
China	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

QQMG51.9%
QQQ46.9%

Securities held

QQMG87
QQQ101

Asset class

QQMG: Stocks
QQQ: Stocks

Holdings

Only in QQMG1
In both86
Only in QQQ15

Only in QQMG

1 security, 0.0% of QQMG by weight

Invesco Government & Agency Portfolio0.03%

Only in QQQ

15 securities, 6.9% of QQQ by weight

Space Exploration Technologies Corp2.61%
Analog Devices Inc0.88%
Moderna Inc0.46%
CSX Corp0.43%
Constellation Energy Corp0.39%
Honeywell International Inc0.32%
American Electric Power Co Inc0.31%
Diamondback Energy Inc0.23%
Xcel Energy Inc0.23%
Honeywell Aerospace Inc0.22%
Baker Hughes Co0.22%
Axon Enterprise Inc0.15%
Nebius Group NV0.15%
Rocket Lab Corp0.14%
CoreWeave Inc0.10%

Weight gaps

All 86 Holdings in both funds, largest gap first.

Holding weights in QQMG and QQQ, widest gap first
Holding	Gap	QQMG	QQQ
NVIDIA CorpNVDA	QQMG +2.17 points	9.99%	7.82%
Apple IncAAPL	QQMG +1.25 points	9.52%	8.27%
Microsoft CorpMSFT	QQMG +1.13 points	7.82%	6.69%
Advanced Micro Devices IncAMD	QQMG +1.13 points	4.70%	3.57%
Meta Platforms IncMETA	QQQ +0.84 points	2.20%	3.04%
Costco Wholesale CorpCOST	QQQ +0.59 points	1.49%	2.08%
Cisco Systems IncCSCO	QQMG +0.51 points	2.34%	1.83%
Palo Alto Networks IncPANW	QQMG +0.40 points	1.67%	1.27%
Linde PLCLIN	QQMG +0.41 points	1.49%	1.08%
Amazon.com IncAMZN	QQMG +0.39 points	5.04%	4.65%
Applied Materials IncAMAT	QQMG +0.38 points	1.69%	1.31%
Netflix IncNFLX	QQMG +0.36 points	1.60%	1.24%
Lam Research CorpLRCX	QQMG +0.35 points	1.59%	1.24%
ASML Holding NVASML	QQMG +0.28 points	0.91%	0.63%
KLA CorpKLAC	QQMG +0.24 points	1.12%	0.88%
Shopify IncSHOP	QQQ +0.23 points	0.60%	0.83%
Micron Technology IncMU	QQQ +0.21 points	3.81%	4.02%
Broadcom IncAVGO	QQQ +0.20 points	2.31%	2.51%
Alphabet IncGOOGL	QQQ +0.19 points	2.56%	2.75%
Monster Beverage CorpMNST	QQQ +0.19 points	0.24%	0.43%
Texas Instruments IncTXN	QQQ +0.18 points	1.09%	1.27%
Alphabet IncGOOG	QQQ +0.17 points	2.40%	2.57%
Western Digital CorpWDC	QQMG +0.16 points	0.68%	0.52%
Palantir Technologies IncPLTR	QQMG +0.15 points	1.92%	1.77%
Seagate Technology Holdings PLCSTX	QQMG +0.14 points	0.71%	0.57%
PACCAR IncPCAR	QQQ +0.14 points	0.11%	0.25%
Marvell Technology IncMRVL	QQMG +0.14 points	0.77%	0.63%
Booking Holdings IncBKNG	QQMG +0.14 points	0.71%	0.57%
Adobe IncADBE	QQMG +0.11 points	0.55%	0.44%
Intuit IncINTU	QQMG +0.10 points	0.54%	0.44%
Amgen IncAMGN	QQQ +0.10 points	1.06%	1.16%
O'Reilly Automotive IncORLY	QQMG +0.11 points	0.44%	0.33%
Synopsys IncSNPS	QQMG +0.09 points	0.49%	0.40%
Crowdstrike Holdings IncCRWD	QQMG +0.09 points	1.19%	1.10%
Gilead Sciences IncGILD	QQQ +0.09 points	0.88%	0.97%
DoorDash IncDASH	QQQ +0.08 points	0.28%	0.36%
Sandisk CorpSNDK	QQMG +0.09 points	0.77%	0.68%
Thomson Reuters CorpTRI	QQMG +0.08 points	0.28%	0.20%
QUALCOMM IncQCOM	QQMG +0.08 points	0.89%	0.81%
Cadence Design Systems IncCDNS	QQMG +0.07 points	0.48%	0.41%
PDD Holdings IncPDD	QQQ +0.07 points	0.18%	0.25%
Intel CorpINTC	QQQ +0.06 points	1.31%	1.37%
Vertex Pharmaceuticals IncVRTX	QQQ +0.06 points	0.56%	0.62%
Microchip Technology IncMCHP	QQQ +0.06 points	0.12%	0.18%
T-Mobile US IncTMUS	QQQ +0.05 points	0.71%	0.76%
AppLovin CorpAPP	QQQ +0.06 points	0.31%	0.37%
Fortinet IncFTNT	QQMG +0.06 points	0.48%	0.42%
PepsiCo IncPEP	QQQ +0.05 points	0.82%	0.87%
Strategy IncMSTR	QQQ +0.04 points	0.19%	0.23%
Comcast CorpCMCSA	QQQ +0.04 points	0.35%	0.39%
Tesla IncTSLA	QQQ +0.04 points	3.24%	3.28%
Lumentum Holdings IncLITE	QQMG +0.04 points	0.29%	0.25%
IDEXX Laboratories IncIDXX	QQMG +0.04 points	0.29%	0.25%
Keurig Dr Pepper IncKDP	QQQ +0.04 points	0.18%	0.22%
Starbucks CorpSBUX	QQQ +0.04 points	0.52%	0.56%
ARM Holdings PLCARM	QQMG +0.04 points	0.41%	0.37%
Roper Technologies IncROP	QQQ +0.04 points	0.18%	0.22%
Intuitive Surgical IncISRG	QQMG +0.04 points	0.80%	0.76%
Datadog IncDDOG	QQMG +0.04 points	0.32%	0.28%
Take-Two Interactive Software IncTTWO	QQMG +0.04 points	0.21%	0.17%
Workday IncWDAY	QQMG +0.03 points	0.21%	0.18%
Paychex IncPAYX	QQMG +0.03 points	0.22%	0.19%
MercadoLibre IncMELI	QQQ +0.02 points	0.37%	0.39%
Autodesk IncADSK	QQMG +0.03 points	0.28%	0.25%
Walmart IncWMT	QQQ +0.03 points	2.78%	2.81%
Marriott International Inc/MDMAR	QQQ +0.03 points	0.47%	0.50%
Cintas CorpCTAS	QQQ +0.03 points	0.38%	0.41%
Astera Labs IncALAB	QQQ +0.02 points	0.15%	0.17%
Ross Stores IncROST	QQQ +0.02 points	0.33%	0.35%
Fastenal CoFAST	QQMG +0.02 points	0.29%	0.27%
Teradyne IncTER	QQMG +0.02 points	0.20%	0.18%
Mondelez International IncMDLZ	QQQ +0.02 points	0.36%	0.38%
Coca-Cola Europacific Partners PLCCCEP	QQMG +0.02 points	0.25%	0.23%
Old Dominion Freight Line IncODFL	QQMG +0.01 points	0.18%	0.17%
Monolithic Power Systems IncMPWR	QQMG +0.01 points	0.29%	0.28%
NXP Semiconductors NVNXPI	QQMG +0.01 points	0.31%	0.30%
Regeneron Pharmaceuticals IncREGN	QQMG +0.02 points	0.44%	0.42%
Exelon CorpEXC	QQMG +0.02 points	0.23%	0.21%
Alnylam Pharmaceuticals IncALNY	QQQ +0.02 points	0.08%	0.10%
Dexcom IncDXCM	QQQ +0.01 points	0.14%	0.15%
GE HealthCare Technologies IncGEHC	QQMG +0.01 points	0.18%	0.17%
Copart IncCPRT	Same weight	0.14%	0.14%
Ferrovial NVFER	QQMG +0.01 points	0.20%	0.19%
PayPal Holdings IncPYPL	QQQ +0.01 points	0.22%	0.23%
Automatic Data Processing IncADP	QQQ +0.01 points	0.53%	0.54%
Airbnb IncABNB	Same weight	0.33%	0.33%

All 87 QQMG holdings⁠All 102 QQQ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QQMG vs QQQ Cost

Overpaying QQMG vs QQQ

$406

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

QQMG 0.20%
$4,155
QQQ 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

QQMG 0.20%
QQQ 0.18%
Overpaying

Year by year

Year	QQMG	QQQ	Overpaying
10	$365	$328	$37
20	$1,421	$1,281	$140
30	$4,155	$3,749	$406

Expense ratio

0.20%QQMG
0.18%QQQ, cheaper

QQQ0.18%QQMG0.20%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QQQ 4th cheapest of 10 funds

QQMG 5th cheapest of 10 funds

QQMG vs QQQ Dividends

Last 12 months to Nov 5, 2026

Yield (12M): QQMG 0.40%; QQQ 0.48%, better
Payout (12M): QQMG $0.18; QQQ $3.09
Last payment: QQMG $0.04; QQQ $0.75
Ex-dividend: QQMG Sep 21, 2026; QQQ Sep 21, 2026
Paid on: QQMG Sep 25, 2026; QQQ Oct 8, 2026
Frequency: QQMG Quarterly; QQQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQMGQuarterly · 20 paymentsAll QQMG payments⁠

QQQQuarterly · 40 paymentsAll QQQ payments⁠

QQMG vs QQQ Risk

Fall from peak · 5 years

QQMG
QQQ

Risk facts

VolatilityStd dev, 3 years: QQMG 18.5%QQQ 17.8%, better
Return per unit of riskSharpe ratio, 3 years: QQMG 1.15, betterQQQ 1.14
Worst fallMax drawdown, 5 years: QQMG −35.4%QQQ −35.1%, better
Market sensitivityBeta, 5 years: QQMG 1.24QQQ 1.23; Market = 1

QQMG and QQQ in the news

All news⁠

Opening Bell
October jobs report tests bets on a December rate increase
6 hours agoQQQ
Top Movers
Chip stocks dragged the Nasdaq down 5.5% into a correction
20 hours agoQQQ
Closing Bell
Dow leaps 3.03%, oil falls over 8% after Democrats win Congress
Nov 4, 2026QQQ
New ETFs
Five new ETFs from VanEck, XFUNDS, Tuttle, Tema and THOR do not share a market
Nov 4, 2026QQQ
Closing Bell
Chip Stocks Lift Nasdaq, Apple Drags Dow, AMD Jumps After the Bell
Nov 3, 2026QQQ
Top Movers
Oil plunges on Iran talks as tech stocks fall again
Nov 2, 2026QQQ

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QQMG vs QQQ

In short

Stated mandate

Why people hold it