QQQM vs VGT: Grades, Fees and Holdings Compared

Invesco NASDAQ 100 ETF

QQQMANasdaq

Vanguard Information Technology ETF

VGTANYSE Arca

Overlap

53.5%by weight

Expense ratio

VGT −0.06pt a year

QQQM0.15%VGT0.09%

Avg volume · 30D

VGT 1.4×the volume

QQQM3.01MVGT4.23M

5Y return · a year

VGT +4.5pt

QQQM+14.3%VGT+18.8%

QQQM vs VGT Performance

Oct 28, 2021 – Oct 28, 2026

+95.2%QQQM+136.3%VGT

Expense ratio: QQQM 0.15%; VGT 0.09%, better
Fund size: QQQM $109B; VGT $178B
1Y total return: QQQM +15.2%; VGT +24.7%, better
Yield (12M): QQQM 0.44%, better; VGT 0.38%
Holdings: QQQM 105; VGT 321
Avg volume (30D): QQQM 3.01M sh; VGT 4.23M sh, better
NAV per share: QQQM $293.18; VGT $122.79
52W range

ETF.net Grade

Pillar letters and Scores for QQQM, VGT, with each pillar’s weight
Pillar	QQQM	VGT
Cost30% weight	A74	A92
Mission25% weight	A100	A84
Risk15% weight	C49	B55
Tradability15% weight	A88	B57
Holdings10% weight	B61	C41
Durability5% weight	A76	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 ›

QQQM ranks 1st of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 75

Technology (Broad)⁠

Category · 23 funds

See all 23 ›

VGT ranks 3rd of 23 funds in the Technology (Broad) Category.

Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 80
Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 77
Rank 3AVGTVanguard Information Technology ETFScore 70
Rank 4BRSPTInvesco S&P 500 Equal Weight Technology ETFScore 68

Our read on each fund

ETF.net Research

QQQMAInvesco NASDAQ 100 ETF

VGTAVanguard Information Technology ETF

In short

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.

VGT Vanguard's technology sleeve, indexed since 2004: roughly 300 US tech stocks running from megacap giants down to small caps, for 0.09% a year. Broad coverage of the sector rather than just its household names.

Stated mandate

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.

VGT The fund seeks to track an index measuring the investment return of information technology stocks. It uses an indexing approach for large-, mid-, and small-capitalization U.S. technology companies and normally invests at least 80% of assets in target-index stocks.

Why people hold it

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.

VGT Casts a wide net: about 300 US technology stocks across large, mid and small caps, not just the megacap names everyone already knows.vanguard.com
Charges 0.09% a year, roughly a quarter of what the typical technology sector ETF asks.
One of the largest and most actively traded sector funds around, and it has followed its index closely.
Running since 2004 and among the strongest implementations in its technology peer group. Pays quarterly.

Worth knowing

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

VGT Weighted by market value, so the biggest platform companies drive most of the return. The small caps are along for the ride.
One sector, one country: US technology only, which means bigger swings than a total market fund.
If the last basis point matters, XLK and FTEC list at 0.08%.

Full QQQM profile⁠

Full VGT profile⁠

QQQM vs VGT Holdings

Holdings as of Oct 28, 2026 for QQQM and Oct 27, 2026 for VGT

How QQQM and VGT differ

Overlap by weight

53.5%

Shared holdings make up 78.6% of VGT and 56.1% of QQQM.

Level by level

Holdings38 in both53.5%
Sector10 Sectors59.3%
Countryby domicile96.2%
Asset classEquity100%

Sector

Sector weights in QQQM and VGT, widest gap first
Sector	More in QQQMMore in VGT	QQQM	VGT
Technology	VGT +40.7 points	58.6%	99.3%
Communication	QQQM +11.6 points	11.6%	0.0%
Consumer Discretionary	QQQM +10.4 points	10.5%	0.1%
Consumer Staples	QQQM +6.3 points	6.3%	0.0%
Industrials	QQQM +5.5 points	5.8%	0.3%
Health Care	QQQM +4.4 points	4.4%	0.0%
Utilities	QQQM +1.1 points	1.1%	0.0%
Materials	QQQM +1.0 points	1.0%	0.0%
Energy	QQQM +0.5 points	0.5%	0.0%
Financials	Same weight	0.3%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in QQQM and VGT, widest gap first
Country	More in QQQMMore in VGT	QQQM	VGT
United States	VGT +2.3 points	95.4%	97.7%
United Kingdom	QQQM +1.7 points	1.7%	0.0%
Canada	QQQM +1.1 points	1.1%	0.0%
Netherlands	QQQM +0.9 points	1.2%	0.3%
Singapore	VGT +0.9 points	0.0%	0.9%
Other countries (4)	VGT +0.5 points	0.6%	1.1%

Concentration

Weight in the 10 largest Holdings

QQQM46.7%
VGT63.6%

Securities held

QQQM102
VGT319

Asset class

QQQM: Equity
VGT: Equity

Holdings

Only in QQQM64
In both38
Only in VGT281

Only in QQQM

64 securities, 43.9% of QQQM by weight

Amazon.com Inc4.25%
Tesla Inc3.33%
Alphabet Inc2.93%
Meta Platforms Inc2.87%
Space Exploration Technologies Corp2.74%
Alphabet Inc2.72%
Walmart Inc2.49%
Costco Wholesale Corp1.89%
Netflix Inc1.12%
Amgen Inc1.04%
Linde PLC1.01%
Shopify Inc0.86%
Gilead Sciences Inc0.85%
PepsiCo Inc0.78%
Intuitive Surgical Inc0.68%
T-Mobile US Inc0.68%
ASML Holding NV0.66%
Vertex Pharmaceuticals Inc0.57%
Starbucks Corp0.50%
Automatic Data Processing Inc0.50%
Booking Holdings Inc0.48%
Marriott International Inc/MD0.44%
ARM Holdings PLC0.42%
CSX Corp0.42%
Constellation Energy Corp0.39%
Monster Beverage Corp0.38%
Cintas Corp0.37%
MercadoLibre Inc0.37%
Moderna Inc0.36%
Regeneron Pharmaceuticals Inc0.35%
AppLovin Corp0.34%
Mondelez International Inc0.34%
Comcast Corp0.33%
Ross Stores Inc0.32%
O'Reilly Automotive Inc0.31%
American Electric Power Co Inc0.30%
Airbnb Inc0.30%
DoorDash Inc0.30%
Honeywell International Inc0.30%
Fastenal Co0.25%
Baker Hughes Co0.25%
Diamondback Energy Inc0.25%
PACCAR Inc0.23%
Honeywell Aerospace Inc0.23%
PDD Holdings Inc0.22%
Xcel Energy Inc0.21%
Coca-Cola Europacific Partners PLC0.21%
PayPal Holdings Inc0.21%
Keurig Dr Pepper Inc0.20%
Exelon Corp0.20%

Only in VGT

281 securities, 21.4% of VGT by weight

Oracle Corp0.86%
Arista Networks Inc0.85%
Amphenol Corp0.80%
International Business Machines Corp0.77%
Salesforce Inc0.72%
Dell Technologies Inc0.65%
ServiceNow Inc0.54%
Corning Inc0.49%
Snowflake Inc0.45%
Accenture PLC0.45%
Cloudflare Inc0.45%
Hewlett Packard Enterprise Co0.36%
Motorola Solutions Inc0.31%
Keysight Technologies Inc0.27%
TE Connectivity PLC0.27%
Ciena Corp0.21%
Twilio Inc0.21%
Coherent Corp0.21%
Everpure Inc0.20%
NetApp Inc0.19%
Okta Inc0.19%
Flex Ltd0.19%
SLBBH11420.18%
Credo Technology Group Holding Ltd0.15%
HP Inc0.15%
Atlassian Corp0.15%
Jabil Inc0.15%
ON Semiconductor Corp0.14%
Teledyne Technologies Inc0.14%
F5 Inc0.14%
Cognizant Technology Solutions Corp0.14%
Qnity Electronics Inc0.13%
MongoDB Inc0.13%
Super Micro Computer Inc0.13%
Entegris Inc0.13%
VeriSign Inc0.13%
Semtech Corp0.12%
Zoom Communications Inc0.11%
Rubrik Inc0.11%
Nutanix Inc0.11%
Zscaler Inc0.11%
TD SYNNEX Corp0.11%
Zebra Technologies Corp0.11%
Lattice Semiconductor Corp0.11%
MACOM Technology Solutions Holdings Inc0.11%
MKS Inc0.10%
Dynatrace Inc0.10%
CDW Corp/DE0.10%
First Solar Inc0.10%
Skyworks Solutions Inc0.10%

Weight gaps

All 38 Holdings in both funds, largest gap first.

Holding weights in QQQM and VGT, widest gap first
Holding	More in QQQMMore in VGT	QQQM	VGT
NVIDIA CorpNVDA	VGT +9.42 points	8.17%	17.59%
Apple IncAAPL	VGT +8.04 points	7.88%	15.92%
Microsoft CorpMSFT	VGT +5.02 points	6.14%	11.16%
Broadcom IncAVGO	VGT +1.58 points	2.53%	4.11%
Palantir Technologies IncPLTR	QQQM +0.41 points	1.96%	1.55%
Cisco Systems IncCSCO	QQQM +0.29 points	1.89%	1.60%
Lam Research CorpLRCX	VGT +0.27 points	1.29%	1.56%
Advanced Micro Devices IncAMD	QQQM +0.25 points	3.93%	3.68%
Texas Instruments IncTXN	QQQM +0.23 points	1.21%	0.98%
Applied Materials IncAMAT	VGT +0.18 points	1.35%	1.53%
Palo Alto Networks IncPANW	QQQM +0.17 points	1.41%	1.24%
Crowdstrike Holdings IncCRWD	QQQM +0.16 points	1.18%	1.02%
Sandisk CorpSNDK	VGT +0.15 points	0.82%	0.97%
Seagate Technology Holdings PLCSTX	VGT +0.14 points	0.65%	0.79%
Analog Devices IncADI	QQQM +0.14 points	0.89%	0.75%
Intel CorpINTC	QQQM +0.13 points	2.12%	1.99%
Fortinet IncFTNT	QQQM +0.12 points	0.58%	0.46%
KLA CorpKLAC	VGT +0.12 points	0.86%	0.98%
CoreWeave IncCRWV	QQQM +0.12 points	0.12%	<0.01%
Intuit IncINTU	QQQM +0.09 points	0.39%	0.30%
QUALCOMM IncQCOM	QQQM +0.07 points	0.83%	0.76%
Synopsys IncSNPS	QQQM +0.06 points	0.39%	0.33%
Strategy IncMSTR	QQQM +0.06 points	0.22%	0.16%
Teradyne IncTER	VGT +0.05 points	0.22%	0.27%
Micron Technology IncMU	QQQM +0.04 points	4.50%	4.46%
Datadog IncDDOG	QQQM +0.04 points	0.40%	0.36%
Marvell Technology IncMRVL	QQQM +0.04 points	0.92%	0.88%
Adobe IncADBE	QQQM +0.03 points	0.42%	0.39%
Lumentum Holdings IncLITE	QQQM +0.03 points	0.33%	0.30%
Cadence Design Systems IncCDNS	QQQM +0.03 points	0.41%	0.38%
Western Digital CorpWDC	VGT +0.02 points	0.59%	0.61%
Autodesk IncADSK	QQQM +0.02 points	0.22%	0.20%
Roper Technologies IncROP	QQQM +0.02 points	0.18%	0.16%
NXP Semiconductors NVNXPI	QQQM +0.01 points	0.27%	0.26%
Monolithic Power Systems IncMPWR	VGT +0.01 points	0.26%	0.27%
Astera Labs IncALAB	VGT +0.02 points	0.21%	0.23%
Workday IncWDAY	VGT +0.01 points	0.17%	0.18%
Microchip Technology IncMCHP	Same weight	0.19%	0.19%

All 103 QQQM holdings⁠All 310 VGT 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.

QQQM vs VGT Cost

Overpaying QQQM vs VGT

$1,239

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

QQQM 0.15%
$3,137
VGT 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

QQQM 0.15%
VGT 0.09%
Overpaying

Year by year

Year	QQQM	VGT	Overpaying
10	$274	$165	$109
20	$1,071	$646	$425
30	$3,137	$1,898	$1,239

Expense ratio

0.15%QQQM
0.09%VGT, cheaper

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

QQQM among 10 Nasdaq-100 funds

QQQM0.15%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QQQM 3rd cheapest of 10 funds

VGT among 23 Technology (Broad) funds

VGT0.09%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

VGT 3rd cheapest of 23 funds

QQQM vs VGT Dividends

Last 12 months to Oct 28, 2026

Yield (12M): QQQM 0.44%, better; VGT 0.38%
Payout (12M): QQQM $1.32; VGT $0.47
Last payment: QQQM $0.31; VGT $0.15
Ex-dividend: QQQM Sep 21, 2026; VGT Sep 23, 2026
Paid on: QQQM Sep 25, 2026; VGT Sep 25, 2026
Frequency: QQQM Quarterly; VGT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQQMQuarterly · 24 paymentsAll QQQM payments⁠

VGTQuarterly · 39 paymentsAll VGT payments⁠

QQQM vs VGT Risk

Fall from peak · 5 years

QQQM
VGT

Risk facts

VolatilityStd dev, 3 years: QQQM 17.2%, betterVGT 21.6%
Return per unit of riskSharpe ratio, 3 years: QQQM 1.27VGT 1.30, better
Worst fallMax drawdown, 5 years: QQQM −35.0%, betterVGT −35.1%
Market sensitivityBeta, 5 years: QQQM 1.23VGT 1.35; Market = 1

QQQM and VGT in the news

All news⁠

New ETFs
Liquid Strategies' new Nasdaq income ETF is selling S&P 500 puts
Oct 27, 2026QQQM
Category Review
Equal-weight technology beat the biggest tech funds this year
Updated Oct 26, 2026VGT
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
QQQ vs. VGT: choose VGT for technology, QQQ for the Nasdaq-100
Oct 23, 2026VGT
Head-to-Head
Own the Invesco NASDAQ 100 ETF rather than Invesco QQQ Trust, Series 1, unless you trade options
Oct 13, 2026QQQM

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