QQQ vs QQQE: Grades, Fees and Holdings Compared

Invesco QQQ Trust, Series 1

QQQANasdaq

Direxion NASDAQ-100 Equal Weighted Index ETF

QQQECNasdaq

Overlap

53.0%by weight

Expense ratio

QQQ −0.17pt a year

QQQ0.18%QQQE0.35%

Avg volume · 30D

QQQ 211.7×the volume

QQQ37MQQQE175K

10Y return · a year

QQQ +5.8pt

QQQ+20.3%QQQE+14.5%

QQQ vs QQQE Performance

Oct 29, 2021 – Oct 30, 2026

+84.2%QQQ+43.1%QQQE

Expense ratio: QQQ 0.18%, better; QQQE 0.35%
Fund size: QQQ $464B; QQQE $1.46B
1Y total return: QQQ +10.3%; QQQE +12.9%, better
Yield (12M): QQQ 0.45%; QQQE 0.60%, better
Holdings: QQQ 105; QQQE 102
Avg volume (30D): QQQ 37M sh, better; QQQE 175K sh
NAV per share: QQQ $690.49; QQQE $119.16
52W range

ETF.net Grade

Pillar letters and Scores for QQQ, QQQE, with each pillar’s weight
Pillar	QQQ	QQQE
Cost30% weight	B64Higher	F17
Mission25% weight	A100Higher	A72
Risk15% weight	C51	B68Higher
Tradability15% weight	A95Higher	C42
Holdings10% weight	B61	A83Higher
Durability5% weight	A81Higher	B69

Rank among Nasdaq-100 funds

How we build Categories ›

Same Category. QQQ and QQQE 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 QQQE 8th of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 76
Rank 3AIQQiShares Nasdaq 100 ETFScore 70
Rank 7CQTOPiShares Nasdaq Top 30 Stocks ETFScore 52
Rank 8CQQQEDirexion NASDAQ-100 Equal Weighted Index ETFScore 51
Rank 9DQBIGInvesco Top QQQ ETFScore 37

Our read on each fund

ETF.net Research

QQQAInvesco QQQ Trust, Series 1

QQQECDirexion NASDAQ-100 Equal Weighted Index ETF

In short

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.

QQQE The Nasdaq-100 with the megacaps turned down. QQQE tracks an equal-weighted version of the index, so all roughly 100 names carry the same slot instead of a handful of giants steering the whole ship.

Stated mandate

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

QQQE The fund seeks to track the NASDAQ-100 Equal Weighted Index before fees and expenses.

Why people hold it

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

QQQE Equal weighting gives each of the roughly 100 Nasdaq-100 names the same slot, so a few trillion-dollar giants don't dominate the outcome.direxion.com
One job since 2012: track the NASDAQ-100 Equal Weighted Index. Long history, same mandate the whole way.
A billion-dollar-plus fund that pays quarterly, and its portfolio matches the label it wears.
Among the stronger implementations in the Nasdaq-100 tracker group, with tight adherence to its stated index.

Worth knowing

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

QQQE At 0.35% a year, it costs more than cap-weighted Nasdaq-100 trackers like QQQM (0.15%) and QQQ (0.18%). The equal-weight twist is what you're paying up for.
Equal weight changes the weights, not the roster. Same Nasdaq-100 companies, same growth-and-tech character underneath.
Moderately traded rather than a volume leader of the category, so spreads can run wider than the largest Nasdaq-100 funds.

Full QQQ profile⁠

Full QQQE profile⁠

QQQ vs QQQE Holdings

How QQQ and QQQE differ

Overlap by weight

53.0%

Shared holdings make up 100% of QQQE and 99.8% of QQQ.

Level by level

Holdings101 in both53.0%
Sector10 Sectors83.8%
Countryby domicile95.6%
Asset classEquity100%

Sector

Sector weights in QQQ and QQQE, widest gap first
Sector	More in QQQMore in QQQE	QQQ	QQQE
Technology	QQQ +13.9 points	59.3%	45.4%
Industrials	QQQE +6.7 points	5.6%	12.3%
Health Care	QQQE +4.5 points	4.4%	8.9%
Utilities	QQQE +2.7 points	1.1%	3.8%
Communication	QQQ +2.0 points	11.0%	9.0%
Energy	QQQE +1.3 points	0.5%	1.8%
Financials	QQQE +0.8 points	0.2%	1.0%
Consumer Staples	QQQE +0.3 points	6.3%	6.6%
Consumer Discretionary	QQQ +0.3 points	10.5%	10.2%
Materials	Same weight	1.0%	1.0%

Country, concentration and asset class

Country by domicile

Country weights in QQQ and QQQE, widest gap first
Country	More in QQQMore in QQQE	QQQ	QQQE
United States	QQQ +4.4 points	97.3%	92.9%
Canada	QQQE +1.2 points	1.1%	2.3%
Netherlands	QQQE +1.1 points	0.9%	2.0%
United Kingdom	QQQE +0.8 points	0.2%	1.0%
China	QQQE +0.8 points	0.2%	1.0%
Brazil	QQQE +0.5 points	0.4%	0.9%

Concentration

Weight in the 10 largest Holdings

QQQ46.4%
QQQE12.0%

Securities held

QQQ101
QQQE101

Asset class

QQQ: Equity
QQQE: Equity

Holdings

Only in QQQ0
In both101
Only in QQQE0

Only in QQQ

0 securities, 0.0% of QQQ by weight

Only in QQQE

0 securities, 0.0% of QQQE by weight

Weight gaps

The 100 widest of 101 Holdings in both funds.

Holding weights in QQQ and QQQE, widest gap first
Holding	More in QQQMore in QQQE	QQQ	QQQE
NVIDIA CorpNVDA	QQQ +7.10 points	8.08%	0.98%
Apple IncAAPL	QQQ +6.87 points	7.99%	1.12%
Microsoft CorpMSFT	QQQ +5.11 points	6.17%	1.06%
Micron Technology IncMU	QQQ +3.58 points	4.57%	0.99%
Amazon.com IncAMZN	QQQ +3.17 points	4.12%	0.95%
Advanced Micro Devices IncAMD	QQQ +2.78 points	4.00%	1.22%
Tesla IncTSLA	QQQ +2.21 points	3.32%	1.11%
Alphabet IncGOOGL	QQQ +2.19 points	2.61%	0.42%
Alphabet IncGOOG	QQQ +2.02 points	2.45%	0.43%
Meta Platforms IncMETA	QQQ +1.80 points	2.91%	1.11%
Space Exploration Technologies CorpSPCX	QQQ +1.65 points	2.67%	1.02%
Broadcom IncAVGO	QQQ +1.62 points	2.57%	0.95%
Walmart IncWMT	QQQ +1.38 points	2.55%	1.17%
Intel CorpINTC	QQQ +1.05 points	2.09%	1.04%
GE HealthCare Technologies IncGEHC	QQQE +0.94 points	0.15%	1.09%
Microchip Technology IncMCHP	QQQE +0.93 points	0.19%	1.12%
Keurig Dr Pepper IncKDP	QQQE +0.91 points	0.21%	1.12%
NXP Semiconductors NVNXPI	QQQE +0.91 points	0.29%	1.20%
Thomson Reuters CorpTRI	QQQE +0.91 points	0.19%	1.10%
Moderna IncMRNA	QQQE +0.88 points	0.39%	1.27%
Palantir Technologies IncPLTR	QQQ +0.89 points	1.96%	1.07%
PayPal Holdings IncPYPL	QQQE +0.89 points	0.21%	1.10%
Roper Technologies IncROP	QQQE +0.88 points	0.19%	1.07%
Exelon CorpEXC	QQQE +0.86 points	0.21%	1.07%
Strategy IncMSTR	QQQE +0.86 points	0.22%	1.08%
Cisco Systems IncCSCO	QQQ +0.85 points	1.85%	1.00%
IDEXX Laboratories IncIDXX	QQQE +0.85 points	0.20%	1.05%
Xcel Energy IncXEL	QQQE +0.85 points	0.21%	1.06%
Costco Wholesale CorpCOST	QQQ +0.84 points	1.91%	1.07%
Workday IncWDAY	QQQE +0.83 points	0.17%	1.00%
Coca-Cola Europacific Partners PLCCCEP	QQQE +0.83 points	0.21%	1.04%
Fastenal CoFAST	QQQE +0.82 points	0.26%	1.08%
Honeywell Aerospace IncHONA	QQQE +0.81 points	0.22%	1.03%
Ferrovial NVFER	QQQE +0.81 points	0.18%	0.99%
Diamondback Energy IncFANG	QQQE +0.79 points	0.25%	1.04%
Copart IncCPRT	QQQE +0.79 points	0.12%	0.91%
Rocket Lab CorpRKLB	QQQE +0.79 points	0.15%	0.94%
Astera Labs IncALAB	QQQE +0.77 points	0.22%	0.99%
American Electric Power Co IncAEP	QQQE +0.77 points	0.30%	1.07%
Dexcom IncDXCM	QQQE +0.76 points	0.13%	0.89%
Datadog IncDDOG	QQQE +0.75 points	0.39%	1.14%
Honeywell International IncHON	QQQE +0.76 points	0.30%	1.06%
Take-Two Interactive Software IncTTWO	QQQE +0.73 points	0.16%	0.89%
Marriott International Inc/MDMAR	QQQE +0.74 points	0.45%	1.19%
Autodesk IncADSK	QQQE +0.73 points	0.22%	0.95%
PDD Holdings IncPDD	QQQE +0.73 points	0.23%	0.96%
Synopsys IncSNPS	QQQE +0.72 points	0.41%	1.13%
Old Dominion Freight Line IncODFL	QQQE +0.72 points	0.15%	0.87%
Cintas CorpCTAS	QQQE +0.72 points	0.38%	1.10%
Ross Stores IncROST	QQQE +0.71 points	0.32%	1.03%
Monolithic Power Systems IncMPWR	QQQE +0.70 points	0.26%	0.96%
Paychex IncPAYX	QQQE +0.70 points	0.17%	0.87%
O'Reilly Automotive IncORLY	QQQE +0.70 points	0.31%	1.01%
Regeneron Pharmaceuticals IncREGN	QQQE +0.68 points	0.36%	1.04%
Mondelez International IncMDLZ	QQQE +0.67 points	0.35%	1.02%
Nebius Group NVNBIS	QQQE +0.67 points	0.18%	0.85%
Lumentum Holdings IncLITE	QQQE +0.66 points	0.36%	1.02%
Teradyne IncTER	QQQE +0.66 points	0.20%	0.86%
Baker Hughes CoBKR	QQQE +0.64 points	0.23%	0.87%
Alnylam Pharmaceuticals IncALNY	QQQE +0.63 points	0.10%	0.73%
Monster Beverage CorpMNST	QQQE +0.63 points	0.39%	1.02%
Axon Enterprise IncAXON	QQQE +0.63 points	0.15%	0.78%
CSX CorpCSX	QQQE +0.63 points	0.42%	1.05%
Airbnb IncABNB	QQQE +0.62 points	0.30%	0.92%
Cadence Design Systems IncCDNS	QQQE +0.62 points	0.41%	1.03%
CoreWeave IncCRWV	QQQE +0.61 points	0.12%	0.73%
PACCAR IncPCAR	QQQE +0.61 points	0.23%	0.84%
Constellation Energy CorpCEG	QQQE +0.57 points	0.41%	0.98%
Intuit IncINTU	QQQE +0.55 points	0.39%	0.94%
ARM Holdings PLCARM	QQQE +0.53 points	0.43%	0.96%
Automatic Data Processing IncADP	QQQE +0.52 points	0.49%	1.01%
Intuitive Surgical IncISRG	QQQE +0.52 points	0.69%	1.21%
Lam Research CorpLRCX	QQQ +0.52 points	1.38%	0.86%
Applied Materials IncAMAT	QQQ +0.52 points	1.45%	0.93%
Comcast CorpCMCSA	QQQE +0.51 points	0.34%	0.85%
MercadoLibre IncMELI	QQQE +0.51 points	0.36%	0.87%
AppLovin CorpAPP	QQQE +0.49 points	0.34%	0.83%
Starbucks CorpSBUX	QQQE +0.49 points	0.52%	1.01%
DoorDash IncDASH	QQQE +0.46 points	0.32%	0.78%
Adobe IncADBE	QQQE +0.43 points	0.43%	0.86%
Vertex Pharmaceuticals IncVRTX	QQQE +0.42 points	0.59%	1.01%
Fortinet IncFTNT	QQQE +0.39 points	0.44%	0.83%
Netflix IncNFLX	QQQ +0.34 points	1.12%	0.78%
Palo Alto Networks IncPANW	QQQ +0.33 points	1.34%	1.01%
ASML Holding NVASML	QQQE +0.32 points	0.68%	1.00%
Analog Devices IncADI	QQQE +0.30 points	0.91%	1.21%
Booking Holdings IncBKNG	QQQE +0.28 points	0.49%	0.77%
Shopify IncSHOP	QQQE +0.28 points	0.87%	1.15%
Western Digital CorpWDC	QQQE +0.27 points	0.62%	0.89%
QUALCOMM IncQCOM	QQQE +0.26 points	0.84%	1.10%
Gilead Sciences IncGILD	QQQE +0.26 points	0.89%	1.15%
Marvell Technology IncMRVL	QQQE +0.22 points	0.83%	1.05%
PepsiCo IncPEP	QQQE +0.18 points	0.79%	0.97%
Seagate Technology Holdings PLCSTX	QQQE +0.17 points	0.69%	0.86%
T-Mobile US IncTMUS	QQQE +0.15 points	0.68%	0.83%
Linde PLCLIN	QQQE +0.04 points	1.00%	1.04%
KLA CorpKLAC	QQQE +0.02 points	0.95%	0.97%
Texas Instruments IncTXN	QQQ +0.02 points	1.24%	1.22%
Sandisk CorpSNDK	QQQE +0.02 points	0.84%	0.86%
Crowdstrike Holdings IncCRWD	QQQ +0.01 points	1.16%	1.15%

All 102 QQQ holdings⁠All 103 QQQE 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.

QQQ vs QQQE Cost

Overpaying QQQE vs QQQ

$3,377

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

QQQ 0.18%
$3,749
QQQE 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

QQQ 0.18%
QQQE 0.35%
Overpaying

Year by year

Year	QQQ	QQQE	Overpaying
10	$328	$634	$306
20	$1,281	$2,454	$1,173
30	$3,749	$7,126	$3,377

Expense ratio

0.18%QQQ, cheaper
0.35%QQQE

QQQ0.18%QQQE0.35%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QQQ 4th cheapest of 10 funds

QQQE 9th cheapest of 10 funds

QQQ vs QQQE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QQQ 0.45%; QQQE 0.60%, better
Payout (12M): QQQ $3.09; QQQE $0.70
Last payment: QQQ $0.75; QQQE $0.17
Ex-dividend: QQQ Sep 21, 2026; QQQE Sep 22, 2026
Paid on: QQQ Oct 8, 2026; QQQE Sep 29, 2026
Frequency: QQQ Quarterly; QQQE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQQQuarterly · 40 paymentsAll QQQ payments⁠

QQQEQuarterly · 40 paymentsAll QQQE payments⁠

QQQ vs QQQE Risk

Fall from peak · 5 years

QQQ
QQQE

Risk facts

VolatilityStd dev, 3 years: QQQ 17.8%QQQE 15.0%, better
Return per unit of riskSharpe ratio, 3 years: QQQ 1.14, betterQQQE 0.92
Worst fallMax drawdown, 5 years: QQQ −35.1%QQQE −32.1%, better
Market sensitivityBeta, 5 years: QQQ 1.23QQQE 1.08; Market = 1

QQQ and QQQE in the news

All news⁠

Top Movers
Oil plunges on Iran talks as tech stocks fall again
7 hours agoQQQ
Closing Bell
S&P 500 falls 0.5% as tech losses outweigh oil’s 7% drop
7 hours agoQQQ
Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026QQQ
Category Rankings
Chips, AI and crypto took October's losses
Updated Nov 2, 2026QQQ
Week Ahead
Friday's jobs report is the test of a December rate increase
Nov 1, 2026QQQ
Top Movers
Brazil small-cap fund falls 37% in the week Lula won again
Oct 30, 2026QQQ

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