QQMG vs QQQM: Grades, Fees and Holdings Compared

Invesco ESG NASDAQ 100 ETF

QQMGBNasdaq

Invesco NASDAQ 100 ETF

QQQMANasdaq

Overlap

88.9%by weight

Expense ratio

QQQM −0.05pt a year

QQMG0.20%QQQM0.15%

Avg volume · 30D

QQQM 147.4×the volume

QQMG20.8KQQQM3.07M

5Y return · a year

QQMG +0.9pt

QQMG+11.8%QQQM+10.9%

QQMG vs QQQM Performance

Nov 5, 2021 – Nov 5, 2026

+74.8%QQMG+68.1%QQQM

Expense ratio: QQMG 0.20%; QQQM 0.15%, better
Fund size: QQMG $211M; QQQM $107B
1Y total return: QQMG +4.7%, better; QQQM +4.5%
Yield (12M): QQMG 0.40%; QQQM 0.49%, better
Holdings: QQMG 89; QQQM 105
Avg volume (30D): QQMG 20.8K sh; QQQM 3.07M sh, better
NAV per share: QQMG $48.06; QQQM $284.83
52W range

ETF.net Grade

Pillar letters and Scores for QQMG, QQQM, with each pillar’s weight
Pillar	QQMG	QQQM
Cost30% weight	C46	A74Higher
Mission25% weight	A100	A100
Risk15% weight	C50	C50
Tradability15% weight	C46	A88Higher
Holdings10% weight	C43	B61Higher
Durability5% weight	C42	A76Higher

Rank among Nasdaq-100 funds

How we build Categories ›

Same Category. QQMG and QQQM 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 ›

QQQM ranks 1st 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 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

QQQMAInvesco NASDAQ 100 ETF

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.

QQQM The 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.

Stated mandate

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

QQQM 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

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.

QQQM 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.nasdaq.com
A multi-billion-dollar, actively traded fund and one of the stronger implementations in its Nasdaq-100 peer group.

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.

QQQM The index excludes financial companies and requires a Nasdaq listing, so whole slices of the US market never show up here.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.nasdaq.com
Distributions land quarterly, and the index selects on size, not dividends.nasdaq.com

Full QQMG profile⁠

Full QQQM profile⁠

QQMG vs QQQM Holdings

How QQMG and QQQM differ

Overlap by weight

88.9%

Shared holdings make up 99.99% of QQMG and 93.1% of QQQM.

Level by level

Holdings87 in both88.9%
Sector10 Sectors91.3%
Asset classStocks100%
Countryby domicile99.7%

Sector

Sector weights in QQMG and QQQM, widest gap first
Sector	Gap	QQMG	QQQM
Technology	QQMG +8.2 points	67.4%	59.2%
Industrials	QQQM +4.4 points	1.1%	5.6%
Consumer Staples	QQQM +1.5 points	4.8%	6.3%
Utilities	QQQM +0.9 points	0.2%	1.1%
Health Care	QQQM +0.8 points	3.6%	4.4%
Energy	QQQM +0.5 points	0.0%	0.5%
Consumer Discretionary	QQQM +0.3 points	10.2%	10.5%
Communication	QQMG +0.4 points	11.3%	10.9%
Materials	QQMG +0.3 points	1.3%	1.0%
Financials	QQQM +0.1 points	0.2%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in QQMG and QQQM, widest gap first
Country	Gap	QQMG	QQQM
United States	QQQM +0.1 points	97.2%	97.3%
Netherlands	QQMG +0.2 points	1.1%	0.9%
Canada	QQQM +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%
QQQM46.9%

Securities held

QQMG87
QQQM102

Asset class

QQMG: Stocks
QQQM: Stocks

Holdings

Only in QQMG0
In both87
Only in QQQM15

Only in QQMG

0 securities, 0.0% of QQMG by weight

Only in QQQM

15 securities, 6.9% of QQQM 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 87 Holdings in both funds, largest gap first.

Holding weights in QQMG and QQQM, widest gap first
Holding	Gap	QQMG	QQQM
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	QQQM +0.84 points	2.20%	3.04%
Costco Wholesale CorpCOST	QQQM +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	QQQM +0.23 points	0.60%	0.83%
Micron Technology IncMU	QQQM +0.21 points	3.81%	4.02%
Broadcom IncAVGO	QQQM +0.20 points	2.31%	2.51%
Alphabet IncGOOGL	QQQM +0.19 points	2.56%	2.75%
Monster Beverage CorpMNST	QQQM +0.19 points	0.24%	0.43%
Texas Instruments IncTXN	QQQM +0.18 points	1.09%	1.27%
Alphabet IncGOOG	QQQM +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	QQQM +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	QQQM +0.10 points	1.06%	1.16%
O'Reilly Automotive IncORLY	QQMG +0.11 points	0.44%	0.33%
Invesco Government & Agency PortfolioAGPXX	QQQM +0.10 points	0.03%	0.13%
Synopsys IncSNPS	QQMG +0.09 points	0.49%	0.40%
Crowdstrike Holdings IncCRWD	QQMG +0.09 points	1.19%	1.10%
Gilead Sciences IncGILD	QQQM +0.09 points	0.88%	0.97%
DoorDash IncDASH	QQQM +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	QQQM +0.07 points	0.18%	0.25%
Intel CorpINTC	QQQM +0.06 points	1.31%	1.37%
Vertex Pharmaceuticals IncVRTX	QQQM +0.06 points	0.56%	0.62%
Microchip Technology IncMCHP	QQQM +0.06 points	0.12%	0.18%
T-Mobile US IncTMUS	QQQM +0.05 points	0.71%	0.76%
AppLovin CorpAPP	QQQM +0.06 points	0.31%	0.37%
Fortinet IncFTNT	QQMG +0.05 points	0.48%	0.42%
PepsiCo IncPEP	QQQM +0.05 points	0.82%	0.87%
Strategy IncMSTR	QQQM +0.04 points	0.19%	0.23%
Comcast CorpCMCSA	QQQM +0.04 points	0.35%	0.39%
Tesla IncTSLA	QQQM +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	QQQM +0.04 points	0.18%	0.22%
Starbucks CorpSBUX	QQQM +0.04 points	0.52%	0.56%
ARM Holdings PLCARM	QQMG +0.04 points	0.41%	0.37%
Roper Technologies IncROP	QQQM +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%
Walmart IncWMT	QQQM +0.03 points	2.78%	2.81%
MercadoLibre IncMELI	QQQM +0.02 points	0.37%	0.39%
Autodesk IncADSK	QQMG +0.03 points	0.28%	0.25%
Marriott International Inc/MDMAR	QQQM +0.03 points	0.47%	0.50%
Cintas CorpCTAS	QQQM +0.03 points	0.38%	0.41%
Astera Labs IncALAB	QQQM +0.02 points	0.15%	0.17%
Ross Stores IncROST	QQQM +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	QQQM +0.02 points	0.36%	0.38%
Coca-Cola Europacific Partners PLCCCEP	QQMG +0.02 points	0.25%	0.23%
Monolithic Power Systems IncMPWR	QQMG +0.01 points	0.29%	0.28%
Old Dominion Freight Line IncODFL	QQMG +0.01 points	0.18%	0.17%
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	QQQM +0.02 points	0.08%	0.10%
Dexcom IncDXCM	QQQM +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	QQQM +0.01 points	0.22%	0.23%
Automatic Data Processing IncADP	QQQM +0.01 points	0.53%	0.54%
Airbnb IncABNB	Same weight	0.33%	0.33%

All 87 QQMG holdings⁠All 103 QQQM 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 QQQM Cost

Overpaying QQMG vs QQQM

$1,018

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

QQMG 0.20%
$4,155
QQQM 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

QQMG 0.20%
QQQM 0.15%
Overpaying

Year by year

Year	QQMG	QQQM	Overpaying
10	$365	$274	$91
20	$1,421	$1,071	$350
30	$4,155	$3,137	$1,018

Expense ratio

0.20%QQMG
0.15%QQQM, cheaper

QQQM0.15%QQMG0.20%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QQQM 3rd cheapest of 10 funds

QQMG 5th cheapest of 10 funds

QQMG vs QQQM Dividends

Last 12 months to Nov 5, 2026

Yield (12M): QQMG 0.40%; QQQM 0.49%, better
Payout (12M): QQMG $0.18; QQQM $1.32
Last payment: QQMG $0.04; QQQM $0.31
Ex-dividend: QQMG Sep 21, 2026; QQQM Sep 21, 2026
Paid on: QQMG Sep 25, 2026; QQQM Sep 25, 2026
Frequency: QQMG Quarterly; QQQM Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

QQMGQuarterly · 20 paymentsAll QQMG payments⁠

QQQMQuarterly · 24 paymentsAll QQQM payments⁠

QQMG vs QQQM Risk

Fall from peak · 5 years

QQMG
QQQM

Risk facts

VolatilityStd dev, 3 years: QQMG 18.5%QQQM 17.8%, better
Return per unit of riskSharpe ratio, 3 years: QQMG 1.15QQQM 1.15
Worst fallMax drawdown, 5 years: QQMG −35.4%QQQM −35.0%, better
Market sensitivityBeta, 5 years: QQMG 1.24QQQM 1.23; Market = 1

QQMG and QQQM in the news

All news⁠

New ETFs
Franklin's new ETFs turn stock dividends into bitcoin, but still have to pay that income out
Oct 30, 2026QQQM
New ETFs
Liquid Strategies' new Nasdaq income ETF is selling S&P 500 puts
Oct 27, 2026QQQM
Deep Dive
SpaceX more than doubles its Nadaq-100 weighting as post-IPO lockups expire
Oct 23, 2026QQQM
Head-to-Head
New money goes to QQQM. A taxable QQQ holding can stay.
Oct 23, 2026QQQM
Head-to-Head
Own the Invesco NASDAQ 100 ETF rather than Invesco QQQ Trust, Series 1, unless you trade options
Oct 13, 2026QQQM
Head-to-Head
Invesco QQQ Trust, Series 1 vs Invesco NASDAQ 100 ETF: same stocks, cheaper unless you trade options
Oct 10, 2026QQQM

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QQMG vs QQQM

In short

Stated mandate

Why people hold it