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QQQ vs QQQM

Invesco QQQ Trust, Series 1

QQQANasdaq

Invesco NASDAQ 100 ETF

QQQMANasdaq

Overlap

100.0%by weight

Same index. Both funds track the Nasdaq-100 Index.Both track Nasdaq-100 Index

Expense ratio

QQQM −0.03pt a year

QQQ0.18%QQQM0.15%

Avg volume · 30D

QQQ 12.0×the volume

QQQ38.6MQQQM3.22M

5Y return · a year

Same figure. Both funds show the same value, so neither comes out ahead.

QQQ+14.7%QQQM+14.7%

QQQ vs QQQM Performance

Oct 15, 2021 – Oct 16, 2026

+98.2%QQQ+98.9%QQQM

Oct 15, 2021 to Oct 16, 2026. QQQ +98.2%. QQQM +98.9%. Use the arrow keys to read each point.−25%0%25%50%Oct 2021Apr 2024Oct 2026
Expense ratio
QQQ 0.18%
QQQM 0.15%, better
Fund size
QQQ $492B
QQQM $110B
1Y total return
QQQ +18.9%
QQQM +18.9%
Yield (12M)
QQQ 0.44%
QQQM 0.45%, better
Holdings
QQQ 105
QQQM 106
Avg volume (30D)
QQQ 38.6M sh, better
QQQM 3.22M sh
NAV per share
QQQ $728.54
QQQM $299.98
52W range

ETF.net Grade

QQQ: Cost 64, Risk 51, Mission 100, Tradability 95, Holdings 61, Durability 81. QQQM: Cost 74, Risk 51, Mission 100, Tradability 86, Holdings 61, Durability 76.
Pillar letters and Scores for QQQ, QQQM, with each pillar’s weight
PillarQQQQQQM
Cost30% weightB64A74Higher
Mission25% weightA100A100
Risk15% weightC51C51
Tradability15% weightA95HigherA86
Holdings10% weightB61B61
Durability5% weightA81HigherA76

Rank among Nasdaq-100 funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QQQ 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 QQQ 2nd of 10 funds in the Nasdaq-100 Category.

  1. Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
  2. Rank 2AQQQInvesco QQQ Trust, Series 1Score 76
  3. Rank 3AQNDXState Street SPDR Portfolio Nasdaq 100 ETFScore 70

Our read on each fund

ETF.net Research

QQQAInvesco QQQ Trust, Series 1

QQQMAInvesco NASDAQ 100 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.

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

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

  • 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
  • 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

  • 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
  • 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 QQQ profile⁠

Full QQQM profile⁠

QQQ vs QQQM Holdings

Overlap

100.0%by weight

Only QQQ
0
of 105
In both
105
holdings
Only QQQM
1
of 106

Holdings side by side

Top 10 holdings by combined weight
HoldingQQQQQQM
NVDANVIDIA Corp8.06%8.07%
AAPLApple Inc7.69%7.69%
MSFTMicrosoft Corp6.17%6.17%
MUMicron Technology Inc4.47%4.47%
AMZNAmazon.com Inc4.23%4.23%
AMDAdvanced Micro Devices Inc3.90%3.90%
METAMeta Platforms Inc3.37%3.38%
GOOGLAlphabet Inc3.16%3.16%
GOOGAlphabet Inc2.94%2.94%
TSLATesla Inc2.93%2.93%

All 102 QQQ holdings⁠All 103 QQQM holdings⁠

Sectors

QQQQQQMSame weight

  • TechnologyQQQ 60.6%QQQM 60.3%
  • Communication, same for bothQQQ 11.8%QQQM 11.8%
  • Consumer Discretionary, same for bothQQQ 9.9%QQQM 9.9%
  • Consumer StaplesQQQ 5.8%QQQM 5.7%
  • IndustrialsQQQ 5.6%QQQM 5.5%
  • Health Care, same for bothQQQ 3.7%QQQM 3.7%
  • Utilities, same for bothQQQ 1.1%QQQM 1.1%
  • Materials, same for bothQQQ 0.9%QQQM 0.9%
  • Energy, same for bothQQQ 0.5%QQQM 0.5%
  • FinancialsQQQ 0.2%QQQM 0.7%

QQQ vs QQQM Cost

Expense ratio

  • 0.18%QQQ
  • 0.15%QQQM, cheaper
  • Middle half of Nasdaq-100 funds
  • Median 0.20%

QQQM 3rd cheapest of 10 funds

QQQ 4th cheapest of 10 funds

$612less in fees with QQQM over 30 years, on $10,000 invested

$0$1,000$2,000$3,000$4,000$5,000Start10 years20 years30 years

Assumes $10,000 invested once and 7% growth a year before fees.

QQQ vs QQQM Dividends

Last 12 months to Oct 16, 2026
Yield (12M)
QQQ 0.44%
QQQM 0.45%, better
Payout (12M)
QQQ $3.09
QQQM $1.32
Last payment
QQQ $0.75
QQQM $0.31
Ex-dividend
QQQ Sep 21, 2026
QQQM Sep 21, 2026
Paid on
QQQ Oct 8, 2026
QQQM Sep 25, 2026
Frequency
QQQ Quarterly
QQQM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQQQuarterly · 40 paymentsAll QQQ payments⁠
One bar per payment. 40 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.27; Jun 16, 2017 $0.38; Sep 18, 2017 $0.32; Dec 18, 2017 $0.33; Mar 19, 2018 $0.28; Jun 18, 2018 $0.38; Sep 24, 2018 $0.33; Dec 24, 2018 $0.42; Mar 18, 2019 $0.32; Jun 24, 2019 $0.42; Sep 23, 2019 $0.38; Dec 23, 2019 $0.46; Mar 23, 2020 $0.36; Jun 22, 2020 $0.42; Sep 21, 2020 $0.39; Dec 21, 2020 $0.56; Mar 22, 2021 $0.39; Jun 21, 2021 $0.40; Sep 20, 2021 $0.41; Dec 20, 2021 $0.49; Mar 21, 2022 $0.43; Jun 21, 2022 $0.53; Sep 19, 2022 $0.52; Dec 19, 2022 $0.66; Mar 20, 2023 $0.47; Jun 20, 2023 $0.50; Sep 18, 2023 $0.54; Dec 18, 2023 $0.81; Dec 27, 2023 $0.22; Mar 18, 2024 $0.57; Jun 24, 2024 $0.76; Sep 23, 2024 $0.68; Dec 23, 2024 $0.83; Mar 24, 2025 $0.72; Jun 23, 2025 $0.59; Sep 22, 2025 $0.69; Dec 22, 2025 $0.79; Mar 23, 2026 $0.73; Jun 22, 2026 $0.81; Sep 21, 2026 $0.75. Use the arrow keys to read each point.$0$0.502017202020232026YTD
QQQMQuarterly · 24 paymentsAll QQQM payments⁠
One bar per payment. 24 payments from 2017 to 2026 YTD. Dec 21, 2020 $0.21; Mar 22, 2021 $0.16; Jun 21, 2021 $0.18; Sep 20, 2021 $0.17; Dec 20, 2021 $0.15; Mar 21, 2022 $0.19; Jun 21, 2022 $0.21; Sep 19, 2022 $0.25; Dec 19, 2022 $0.27; Mar 20, 2023 $0.25; Jun 20, 2023 $0.22; Sep 18, 2023 $0.24; Dec 18, 2023 $0.38; Mar 18, 2024 $0.35; Jun 24, 2024 $0.32; Sep 23, 2024 $0.30; Dec 23, 2024 $0.31; Mar 24, 2025 $0.32; Jun 23, 2025 $0.32; Sep 22, 2025 $0.30; Dec 22, 2025 $0.32; Mar 23, 2026 $0.33; Jun 22, 2026 $0.35; Sep 21, 2026 $0.31. Use the arrow keys to read each point.$0$0.502017202020232026YTD

QQQ vs QQQM Risk

Fall from peak · 5 years

  • QQQ
  • QQQM
Oct 15, 2021 to Oct 16, 2026. Worst fall: QQQ −35.1% · Nov 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
QQQ 17.3%QQQM 17.2%, better
Return per unit of riskSharpe ratio, 3 years
QQQ 1.27QQQM 1.27Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
QQQ −35.1%QQQM −35.0%, better
Market sensitivityBeta, 3 years
QQQ 1.23QQQM 1.23Same figure. Both funds show the same value, so neither comes out ahead.

QQQ and QQQM in the news

All news⁠

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