QQQ vs VOO: Grades, Fees and Holdings Compared

Invesco QQQ Trust, Series 1

QQQANasdaq

Vanguard S&P 500 ETF

VOOANYSE Arca

Overlap

55.6%by weight

QQQNasdaq-100 IndexVOOS&P 500 Index

Expense ratio

VOO −0.15pt a year

QQQ0.18%VOO0.03%

Avg volume · 30D

QQQ 5.1×the volume

QQQ36.9MVOO7.22M

10Y return · a year

QQQ +5.1pt

QQQ+20.8%VOO+15.7%

QQQ vs VOO Performance

Oct 28, 2021 – Oct 28, 2026

+94.6%QQQ+80.7%VOO

Expense ratio: QQQ 0.18%; VOO 0.03%, better
Fund size: QQQ $477B; VOO $1.7T
1Y total return: QQQ +15.2%, better; VOO +13.7%
Yield (12M): QQQ 0.43%; VOO 1.05%, better
Holdings: QQQ 105; VOO 507
Avg volume (30D): QQQ 36.9M sh, better; VOO 7.22M sh
NAV per share: QQQ $712.04; VOO $707.53
52W range

ETF.net Grade

Pillar letters and Scores for QQQ, VOO, with each pillar’s weight
Pillar	QQQ	VOO
Cost30% weight	B64	A84
Mission25% weight	A100	A100
Risk15% weight	C49	C51
Tradability15% weight	A93	C53
Holdings10% weight	B61	C41
Durability5% weight	A81	A93

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

Nasdaq-100⁠

Category · 10 funds

See all 10 ›

QQQ ranks 2nd 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 71

S&P 500⁠

Category · 14 funds

See all 14 ›

VOO ranks 3rd of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79
Rank 3AVOOVanguard S&P 500 ETFScore 74
Rank 4AUSPXFranklin U.S. Equity Index ETFScore 71

Our read on each fund

ETF.net Research

QQQAInvesco QQQ Trust, Series 1

VOOAVanguard S&P 500 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.

VOO Not a standalone ETF but a share class of Vanguard's flagship 500 Index Fund: the same roughly 500 large US companies, 0.03% a year, in a wrapper you can trade all day.

Stated mandate

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

VOO The fund invests in stocks represented by the S&P 500 Index and seeks to closely track that index's return as a measure of overall U.S. stock performance.

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

VOO 0.03% a year against a 0.15% median for S&P 500 trackers. On a fund this size, that fee gap is the whole product.
Holds the index outright, all roughly 500 names, and its tracking record sits among the tightest in the S&P 500 group.vanguard.com
One of the most actively traded ETFs in the market, which tends to keep the cost of getting in and out small.
It is the ETF share class of Vanguard's 500 Index Fund, and Vanguard is owned by its own funds, so no outside parent takes a cut.vanguard.com sec.gov

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

VOO Large US companies only, weighted by size, so the biggest few names carry the most weight and drive much of the move.spglobal.com
Membership is not purely mechanical: an S&P index committee decides which companies come in and go out.spglobal.com
SPYM tracks the same index for 0.02%. A rounding error for most, but real if cost is your only tiebreaker.

Full QQQ profile⁠

Full VOO profile⁠

QQQ vs VOO Holdings

Holdings as of Oct 28, 2026 for QQQ and Oct 27, 2026 for VOO

How QQQ and VOO differ

Overlap by weight

55.6%

Shared holdings make up 93.0% of QQQ and 56.0% of VOO.

Level by level

Holdings86 in both55.6%
Sector11 Sectors76.4%
Countryby domicile94.8%
Asset classEquity100%

Sector

Sector weights in QQQ and VOO, widest gap first
Sector	More in QQQMore in VOO	QQQ	VOO
Technology	QQQ +18.2 points	58.7%	40.5%
Financials	VOO +10.9 points	0.2%	11.1%
Health Care	VOO +4.9 points	4.4%	9.3%
Energy	VOO +2.9 points	0.5%	3.4%
Consumer Staples	QQQ +2.0 points	6.3%	4.3%
Industrials	VOO +1.8 points	5.8%	7.5%
Consumer Discretionary	QQQ +1.7 points	10.5%	8.8%
Real Estate	VOO +1.7 points	0.0%	1.7%
Communication	QQQ +1.6 points	11.6%	9.9%
Utilities	VOO +0.8 points	1.1%	1.9%
Materials	VOO +0.6 points	1.0%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in QQQ and VOO, widest gap first
Country	More in QQQMore in VOO	QQQ	VOO
United States	VOO +5.2 points	94.8%	100.0%
United Kingdom	QQQ +1.6 points	1.6%	0.0%
Netherlands	QQQ +1.3 points	1.3%	0.0%
Canada	QQQ +1.1 points	1.1%	0.0%
Singapore	QQQ +0.7 points	0.7%	0.0%
Other countries (2)	QQQ +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

QQQ46.7%
VOO39.1%

Securities held

QQQ101
VOO506

Asset class

QQQ: Equity
VOO: Equity

Holdings

Only in QQQ15
In both86
Only in VOO420

Only in QQQ

15 securities, 6.8% of QQQ by weight

Space Exploration Technologies Corp2.74%
Shopify Inc0.86%
ASML Holding NV0.66%
ARM Holdings PLC0.42%
MercadoLibre Inc0.37%
PDD Holdings Inc0.22%
Strategy Inc0.22%
Astera Labs Inc0.21%
Coca-Cola Europacific Partners PLC0.21%
Thomson Reuters Corp0.19%
Nebius Group NV0.17%
Ferrovial NV0.17%
Rocket Lab Corp0.15%
Alnylam Pharmaceuticals Inc0.13%
CoreWeave Inc0.12%

Only in VOO

420 securities, 44.1% of VOO by weight

Berkshire Hathaway Inc1.41%
Eli Lilly & Co1.41%
JPMorgan Chase & Co1.34%
ExxonMobil Holdings Corp1.02%
Johnson & Johnson0.97%
Visa Inc0.91%
AbbVie Inc0.70%
Mastercard Inc0.68%
Chevron Corp0.61%
Caterpillar Inc0.57%
Merck & Co Inc0.54%
Bank of America Corp0.54%
Procter & Gamble Co/The0.51%
Coca-Cola Co/The0.51%
UnitedHealth Group Inc0.50%
General Electric Co0.49%
Philip Morris International Inc0.45%
Home Depot Inc/The0.43%
GE Vernova Inc0.38%
RTX Corp0.38%
Thermo Fisher Scientific Inc0.38%
Goldman Sachs Group Inc/The0.37%
Wells Fargo & Co0.37%
Oracle Corp0.36%
Morgan Stanley0.34%
Citigroup Inc0.32%
Arista Networks Inc0.32%
Amphenol Corp0.32%
International Business Machines Corp0.31%
Verizon Communications Inc0.29%
Salesforce Inc0.29%
Walt Disney Co/The0.28%
Abbott Laboratories0.26%
Deere & Co0.26%
AT&T Inc0.25%
Eaton Corp PLC0.25%
Welltower Inc0.25%
McDonald's Corp0.25%
Dell Technologies Inc0.25%
Pfizer Inc0.25%
Union Pacific Corp0.25%
American Express Co0.24%
Charles Schwab Corp/The0.24%
NextEra Energy Inc0.24%
Blackrock Inc0.23%
ConocoPhillips0.23%
Boeing Co/The0.22%
TJX Cos Inc/The0.22%
Uber Technologies Inc0.21%
Danaher Corp0.21%

Weight gaps

All 86 Holdings in both funds, largest gap first.

Holding weights in QQQ and VOO, widest gap first
Holding	More in QQQMore in VOO	QQQ	VOO
Micron Technology IncMU	QQQ +2.67 points	4.50%	1.83%
Advanced Micro Devices IncAMD	QQQ +2.41 points	3.93%	1.52%
Tesla IncTSLA	QQQ +1.81 points	3.33%	1.52%
Walmart IncWMT	QQQ +1.79 points	2.49%	0.70%
Palantir Technologies IncPLTR	QQQ +1.31 points	1.96%	0.65%
Costco Wholesale CorpCOST	QQQ +1.28 points	1.89%	0.61%
Cisco Systems IncCSCO	QQQ +1.24 points	1.88%	0.64%
Intel CorpINTC	QQQ +1.20 points	2.11%	0.91%
Palo Alto Networks IncPANW	QQQ +0.92 points	1.41%	0.49%
Texas Instruments IncTXN	QQQ +0.82 points	1.21%	0.39%
Crowdstrike Holdings IncCRWD	QQQ +0.77 points	1.18%	0.41%
Applied Materials IncAMAT	QQQ +0.73 points	1.35%	0.62%
Amgen IncAMGN	QQQ +0.69 points	1.04%	0.35%
Netflix IncNFLX	QQQ +0.68 points	1.12%	0.44%
Linde PLCLIN	QQQ +0.68 points	1.01%	0.33%
Lam Research CorpLRCX	QQQ +0.67 points	1.29%	0.62%
Analog Devices IncADI	QQQ +0.59 points	0.88%	0.29%
Gilead Sciences IncGILD	QQQ +0.57 points	0.85%	0.28%
Marvell Technology IncMRVL	QQQ +0.57 points	0.92%	0.35%
T-Mobile US IncTMUS	QQQ +0.56 points	0.68%	0.12%
QUALCOMM IncQCOM	QQQ +0.53 points	0.83%	0.30%
Amazon.com IncAMZN	QQQ +0.53 points	4.25%	3.72%
PepsiCo IncPEP	QQQ +0.52 points	0.78%	0.26%
Apple IncAAPL	QQQ +0.49 points	7.88%	7.39%
KLA CorpKLAC	QQQ +0.47 points	0.86%	0.39%
Intuitive Surgical IncISRG	QQQ +0.46 points	0.68%	0.22%
Meta Platforms IncMETA	QQQ +0.44 points	2.87%	2.43%
Sandisk CorpSNDK	QQQ +0.43 points	0.82%	0.39%
Fortinet IncFTNT	QQQ +0.41 points	0.58%	0.17%
Vertex Pharmaceuticals IncVRTX	QQQ +0.37 points	0.57%	0.20%
Microsoft CorpMSFT	QQQ +0.35 points	6.14%	5.79%
Automatic Data Processing IncADP	QQQ +0.34 points	0.50%	0.16%
Starbucks CorpSBUX	QQQ +0.34 points	0.50%	0.16%
Western Digital CorpWDC	QQQ +0.34 points	0.59%	0.25%
Seagate Technology Holdings PLCSTX	QQQ +0.33 points	0.65%	0.32%
Marriott International Inc/MDMAR	QQQ +0.32 points	0.44%	0.12%
Booking Holdings IncBKNG	QQQ +0.29 points	0.48%	0.19%
Monster Beverage CorpMNST	QQQ +0.29 points	0.38%	0.09%
CSX CorpCSX	QQQ +0.29 points	0.42%	0.13%
Adobe IncADBE	QQQ +0.28 points	0.42%	0.14%
Intuit IncINTU	QQQ +0.28 points	0.39%	0.11%
Alphabet IncGOOG	QQQ +0.26 points	2.72%	2.46%
Cadence Design Systems IncCDNS	QQQ +0.27 points	0.41%	0.14%
Cintas CorpCTAS	QQQ +0.27 points	0.37%	0.10%
Constellation Energy CorpCEG	QQQ +0.26 points	0.39%	0.13%
Datadog IncDDOG	QQQ +0.26 points	0.40%	0.14%
Synopsys IncSNPS	QQQ +0.26 points	0.39%	0.13%
Moderna IncMRNA	QQQ +0.25 points	0.36%	0.11%
Regeneron Pharmaceuticals IncREGN	QQQ +0.24 points	0.35%	0.11%
NVIDIA CorpNVDA	VOO +0.23 points	8.17%	8.40%
Mondelez International IncMDLZ	QQQ +0.23 points	0.34%	0.11%
AppLovin CorpAPP	QQQ +0.22 points	0.34%	0.12%
Comcast CorpCMCSA	QQQ +0.21 points	0.33%	0.12%
O'Reilly Automotive IncORLY	QQQ +0.20 points	0.31%	0.10%
American Electric Power Co IncAEP	QQQ +0.20 points	0.30%	0.10%
Ross Stores IncROST	QQQ +0.21 points	0.32%	0.11%
Lumentum Holdings IncLITE	QQQ +0.20 points	0.33%	0.13%
Airbnb IncABNB	QQQ +0.20 points	0.30%	0.10%
Honeywell International IncHON	QQQ +0.20 points	0.30%	0.10%
DoorDash IncDASH	QQQ +0.19 points	0.30%	0.10%
Diamondback Energy IncFANG	QQQ +0.19 points	0.25%	0.06%
NXP Semiconductors NVNXPI	QQQ +0.18 points	0.27%	0.09%
Baker Hughes CoBKR	QQQ +0.17 points	0.25%	0.08%
Fastenal CoFAST	QQQ +0.16 points	0.25%	0.09%
Monolithic Power Systems IncMPWR	QQQ +0.16 points	0.26%	0.10%
Honeywell Aerospace IncHONA	QQQ +0.16 points	0.23%	0.07%
Autodesk IncADSK	QQQ +0.15 points	0.22%	0.07%
Alphabet IncGOOGL	VOO +0.14 points	2.93%	3.07%
PACCAR IncPCAR	QQQ +0.14 points	0.23%	0.09%
PayPal Holdings IncPYPL	QQQ +0.15 points	0.21%	0.06%
Xcel Energy IncXEL	QQQ +0.14 points	0.21%	0.07%
Keurig Dr Pepper IncKDP	QQQ +0.14 points	0.20%	0.06%
Exelon CorpEXC	QQQ +0.14 points	0.20%	0.06%
Roper Technologies IncROP	QQQ +0.13 points	0.18%	0.05%
IDEXX Laboratories IncIDXX	QQQ +0.13 points	0.19%	0.06%
Microchip Technology IncMCHP	QQQ +0.13 points	0.19%	0.06%
Teradyne IncTER	QQQ +0.12 points	0.22%	0.10%
Paychex IncPAYX	QQQ +0.12 points	0.17%	0.05%
Old Dominion Freight Line IncODFL	QQQ +0.12 points	0.17%	0.05%
Workday IncWDAY	QQQ +0.11 points	0.17%	0.06%
Take-Two Interactive Software IncTTWO	QQQ +0.10 points	0.16%	0.06%
Axon Enterprise IncAXON	QQQ +0.10 points	0.15%	0.05%
GE HealthCare Technologies IncGEHC	QQQ +0.10 points	0.14%	0.04%
Copart IncCPRT	QQQ +0.08 points	0.11%	0.03%
Dexcom IncDXCM	QQQ +0.08 points	0.13%	0.05%
Broadcom IncAVGO	VOO +0.01 points	2.53%	2.54%

All 102 QQQ holdings⁠All 505 VOO 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 VOO Cost

Overpaying QQQ vs VOO

$3,111

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

QQQ 0.18%
$3,749
VOO 0.03%
$638

Amount$10,000

Years30 years

Cost over time

QQQ 0.18%
VOO 0.03%
Overpaying

Year by year

Year	QQQ	VOO	Overpaying
10	$328	$55	$273
20	$1,281	$216	$1,065
30	$3,749	$638	$3,111

Expense ratio

0.18%QQQ
0.03%VOO, cheaper

Different Categories, so each fee sits in its own Category’s range.

QQQ among 10 Nasdaq-100 funds

QQQ0.18%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QQQ 4th cheapest of 10 funds

VOO among 14 S&P 500 funds

VOO0.03%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

VOO 2nd cheapest of 14 funds

QQQ vs VOO Dividends

Last 12 months to Oct 28, 2026

Yield (12M): QQQ 0.43%; VOO 1.05%, better
Payout (12M): QQQ $3.09; VOO $7.43
Last payment: QQQ $0.75; VOO $1.82
Ex-dividend: QQQ Sep 21, 2026; VOO Sep 28, 2026
Paid on: QQQ Oct 8, 2026; VOO Sep 30, 2026
Frequency: QQQ Quarterly; VOO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQQQuarterly · 40 paymentsAll QQQ payments⁠

VOOQuarterly · 39 paymentsAll VOO payments⁠

QQQ vs VOO Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: QQQ 17.3%VOO 12.4%, better
Return per unit of riskSharpe ratio, 3 years: QQQ 1.27VOO 1.37, better
Worst fallMax drawdown, 5 years: QQQ −35.1%VOO −24.5%, better
Market sensitivityBeta, 5 years: QQQ 1.23VOO 1.01; Market = 1

QQQ and VOO in the news

All news⁠

Head-to-Head
VOO is the better core fund. QQQ only wins as a Nasdaq-100 bet
Oct 23, 2026QQQVOO
Opening Bell
Alphabet posted a cash outflow, and Nasdaq futures are down 1%
3 hours agoQQQ
Closing Bell
Boeing plummets 10.7%, but Chip stocks lift S&P 500 on Broadcom deal
Oct 27, 2026QQQ
Top Movers
The biggest fund drop Tuesday was a WisdomTree payout, not a selloff
Oct 27, 2026QQQ
New ETFs
Liquid Strategies' new Nasdaq income ETF is selling S&P 500 puts
Oct 27, 2026QQQ
Opening Bell
Meta prices $37.5 billion of stock for AI, with $12.5 billion due this week
Oct 27, 2026QQQ

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