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QQQA vs QQQM

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

QQQADNasdaq

Invesco NASDAQ 100 ETF

QQQMANasdaq

Overlap

Expense ratio

QQQM −0.43pt a year

QQQA0.58%QQQM0.15%

Avg volume · 30D

QQQM 73.8×the volume

QQQA41.1KQQQM3.03M

5Y return · a year

QQQM +6.6pt

QQQA+6.5%QQQM+13.1%

QQQA vs QQQM Performance

Oct 29, 2021 – Oct 30, 2026

+37.3%QQQA+84.8%QQQM

Oct 29, 2021 to Oct 30, 2026. QQQA +37.3%. QQQM +84.8%. Use the arrow keys to read each point.−25%0%Oct 2021Apr 2024Oct 2026
Expense ratio
QQQA 0.58%
QQQM 0.15%, better
Fund size
QQQA $45M
QQQM $106B
1Y total return
QQQA +23.3%, better
QQQM +10.3%
Yield (12M)
QQQA 0.03%
QQQM 0.46%, better
Holdings
QQQA 22
QQQM 105
Avg volume (30D)
QQQA 41.1K sh
QQQM 3.03M sh, better
NAV per share
QQQA $62.41
QQQM $284.31
52W range

ETF.net Grade

QQQA: Cost 6, Risk 23, Mission 64, Tradability 36, Holdings 37, Durability 46. QQQM: Cost 74, Risk 51, Mission 100, Tradability 86, Holdings 61, Durability 76.
Pillar letters and Scores for QQQA, QQQM, with each pillar’s weight
PillarQQQAQQQM
Cost30% weightF6A74Higher
Mission25% weightB64A100Higher
Risk15% weightF23C51Higher
Tradability15% weightD36A86Higher
Holdings10% weightD37B61Higher
Durability5% weightC46A76Higher

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. QQQA 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 QQQA 10th 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 9DQBIGInvesco Top QQQ ETFScore 37
  4. Rank 10DQQQAProShares Nasdaq-100 Dorsey Wright Momentum ETFScore 32

Our read on each fund

ETF.net Research

QQQADProShares Nasdaq-100 Dorsey Wright Momentum ETF

QQQMAInvesco NASDAQ 100 ETF

In short

QQQA Most Nasdaq-100 funds hand you the whole index. QQQA runs Dorsey Wright's relative-strength screen across it and holds the names already leading, a momentum tilt on the Nasdaq's own roster.

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

QQQA The Fund seeks investment results that, before fees and expenses, track the Nasdaq-100 Dorsey Wright Momentum 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

  • QQQA It isn't another Nasdaq-100 clone. It tracks the Nasdaq-100 Dorsey Wright Momentum Index, a relative-strength screen that favors the names showing the strongest price trend.proshares.com
  • The factor is on the label, not buried in the fine print: momentum, applied inside one well-defined universe, so you always know what the screen is doing.proshares.com
  • Ordinary plumbing under the strategy: a 1940 Act ETF from ProShares, launched in 2021, paying distributions 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

  • QQQA At 0.58% a year it costs about triple the typical Nasdaq-100 fund; QQQM charges 0.15% and QQQ 0.18%. The screen carries that cost gap.
  • It trades thinly next to the giants of its category, so spreads can be wider and order size matters more.
  • Holding the Nasdaq-100's momentum leaders rather than the full index means stretches where it behaves quite differently from the plain benchmark, in either direction.
  • 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 QQQA profile⁠

Full QQQM profile⁠

QQQA vs 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.

QQQA vs QQQM Cost

Overpaying QQQA vs QQQM

$8,316

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

  • QQQA 0.58%

    $11,453

  • QQQM 0.15%

    $3,137

$10,000
30 years

Cost over time

  • QQQA 0.58%
  • QQQM 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530QQQA $11,453QQQM $3,137

Year by year

YearQQQAQQQMOverpaying
10$1,041$274$767
20$3,986$1,071$2,915
30$11,453$3,137$8,316

Expense ratio

  • 0.58%QQQA
  • 0.15%QQQM, cheaper
  • Middle half of Nasdaq-100 funds
  • Median 0.20%

QQQM 3rd cheapest of 10 funds

QQQA 10th cheapest of 10 funds

QQQA vs QQQM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQQA 0.03%
QQQM 0.46%, better
Payout (12M)
QQQA $0.02
QQQM $1.32
Last payment
QQQA $0.02
QQQM $0.31
Ex-dividend
QQQA Jun 24, 2026
QQQM Sep 21, 2026
Paid on
QQQA Jun 30, 2026
QQQM Sep 25, 2026
Frequency
QQQA Quarterly
QQQM Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

QQQAQuarterly · 14 paymentsAll QQQA payments⁠
One bar per payment. 14 payments from 2020 to 2026 YTD. Jun 22, 2021 $0.04; Sep 22, 2021 $0.0081; Jun 22, 2022 $0.01; Sep 21, 2022 $0.02; Dec 22, 2022 $0.05; Mar 22, 2023 $0.03; Sep 20, 2023 $0.10; Mar 20, 2024 $0.02; Jun 26, 2024 $0.0014; Sep 25, 2024 $0.02; Jun 25, 2025 $0.05; Dec 24, 2025 $0.003; Mar 25, 2026 $0.00017; Jun 24, 2026 $0.02. Use the arrow keys to read each point.$0$0.25202020232026YTD
QQQMQuarterly · 24 paymentsAll QQQM payments⁠
One bar per payment. 24 payments from 2020 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$0.25202020232026YTD

QQQA vs QQQM Risk

Fall from peak · 5 years

  • QQQA
  • QQQM
Oct 29, 2021 to Oct 30, 2026. Worst fall: QQQA −38.4% · Oct 2022. Use the arrow keys to read each point.−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
QQQA 30.8%QQQM 17.8%, better
Return per unit of riskSharpe ratio, 3 years
QQQA 0.71QQQM 1.15, better
Worst fallMax drawdown, 5 years
QQQA −38.4%QQQM −35.0%, better
Market sensitivityBeta, 5 years
QQQA 1.76QQQM 1.23

QQQA and QQQM in the news

All news⁠

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