QQQM vs VOO: Grades, Fees and Holdings Compared

Invesco NASDAQ 100 ETF

QQQMANasdaq

Vanguard S&P 500 ETF

VOOANYSE Arca

Overlap

55.6%by weight

QQQMNasdaq-100 IndexVOOS&P 500 Index

Expense ratio

VOO −0.12pt a year

QQQM0.15%VOO0.03%

Avg volume · 30D

VOO 2.4×the volume

QQQM3.01MVOO7.22M

5Y return · a year

QQQM +1.7pt

QQQM+14.3%VOO+12.6%

QQQM vs VOO Performance

Oct 28, 2021 – Oct 28, 2026

+95.2%QQQM+80.7%VOO

Expense ratio: QQQM 0.15%; VOO 0.03%, better
Fund size: QQQM $109B; VOO $1.7T
1Y total return: QQQM +15.2%, better; VOO +13.7%
Yield (12M): QQQM 0.44%; VOO 1.05%, better
Holdings: QQQM 105; VOO 507
Avg volume (30D): QQQM 3.01M sh; VOO 7.22M sh, better
NAV per share: QQQM $293.18; VOO $707.53
52W range

ETF.net Grade

Pillar letters and Scores for QQQM, VOO, with each pillar’s weight
Pillar	QQQM	VOO
Cost30% weight	A74	A84
Mission25% weight	A100	A100
Risk15% weight	C49	C51
Tradability15% weight	A88	C53
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

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

QQQMAInvesco NASDAQ 100 ETF

VOOAVanguard S&P 500 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.

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

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.

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

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.

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

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

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 QQQM profile⁠

Full VOO profile⁠

QQQM vs VOO Holdings

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

How QQQM and VOO differ

Overlap by weight

55.6%

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

Level by level

Holdings86 in both55.6%
Sector11 Sectors76.5%
Countryby domicile95.4%
Asset classEquity100%

Sector

Sector weights in QQQM and VOO, widest gap first
Sector	More in QQQMMore in VOO	QQQM	VOO
Technology	QQQM +18.1 points	58.6%	40.5%
Financials	VOO +10.8 points	0.3%	11.1%
Health Care	VOO +4.9 points	4.4%	9.3%
Energy	VOO +2.9 points	0.5%	3.4%
Consumer Staples	QQQM +2.0 points	6.3%	4.3%
Industrials	VOO +1.8 points	5.8%	7.5%
Consumer Discretionary	QQQM +1.7 points	10.5%	8.8%
Real Estate	VOO +1.7 points	0.0%	1.7%
Communication	QQQM +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 QQQM and VOO, widest gap first
Country	More in QQQMMore in VOO	QQQM	VOO
United States	VOO +4.6 points	95.4%	100.0%
United Kingdom	QQQM +1.7 points	1.7%	0.0%
Netherlands	QQQM +1.2 points	1.2%	0.0%
Canada	QQQM +1.1 points	1.1%	0.0%
Other countries (2)	QQQM +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

QQQM46.7%
VOO39.1%

Securities held

QQQM102
VOO506

Asset class

QQQM: Equity
VOO: Equity

Holdings

Only in QQQM16
In both86
Only in VOO420

Only in QQQM

16 securities, 7.0% of QQQM 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%
Invesco Government & Agency Portfolio0.12%
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 QQQM and VOO, widest gap first
Holding	More in QQQMMore in VOO	QQQM	VOO
Micron Technology IncMU	QQQM +2.67 points	4.50%	1.83%
Advanced Micro Devices IncAMD	QQQM +2.41 points	3.93%	1.52%
Tesla IncTSLA	QQQM +1.81 points	3.33%	1.52%
Walmart IncWMT	QQQM +1.79 points	2.49%	0.70%
Palantir Technologies IncPLTR	QQQM +1.31 points	1.96%	0.65%
Costco Wholesale CorpCOST	QQQM +1.28 points	1.89%	0.61%
Cisco Systems IncCSCO	QQQM +1.25 points	1.89%	0.64%
Intel CorpINTC	QQQM +1.21 points	2.12%	0.91%
Palo Alto Networks IncPANW	QQQM +0.92 points	1.41%	0.49%
Texas Instruments IncTXN	QQQM +0.82 points	1.21%	0.39%
Crowdstrike Holdings IncCRWD	QQQM +0.77 points	1.18%	0.41%
Applied Materials IncAMAT	QQQM +0.73 points	1.35%	0.62%
Amgen IncAMGN	QQQM +0.69 points	1.04%	0.35%
Netflix IncNFLX	QQQM +0.68 points	1.12%	0.44%
Linde PLCLIN	QQQM +0.68 points	1.01%	0.33%
Lam Research CorpLRCX	QQQM +0.67 points	1.29%	0.62%
Analog Devices IncADI	QQQM +0.60 points	0.89%	0.29%
Gilead Sciences IncGILD	QQQM +0.57 points	0.85%	0.28%
Marvell Technology IncMRVL	QQQM +0.57 points	0.92%	0.35%
T-Mobile US IncTMUS	QQQM +0.56 points	0.68%	0.12%
QUALCOMM IncQCOM	QQQM +0.53 points	0.83%	0.30%
Amazon.com IncAMZN	QQQM +0.53 points	4.25%	3.72%
PepsiCo IncPEP	QQQM +0.52 points	0.78%	0.26%
Apple IncAAPL	QQQM +0.49 points	7.88%	7.39%
KLA CorpKLAC	QQQM +0.47 points	0.86%	0.39%
Intuitive Surgical IncISRG	QQQM +0.46 points	0.68%	0.22%
Meta Platforms IncMETA	QQQM +0.44 points	2.87%	2.43%
Sandisk CorpSNDK	QQQM +0.43 points	0.82%	0.39%
Fortinet IncFTNT	QQQM +0.41 points	0.58%	0.17%
Vertex Pharmaceuticals IncVRTX	QQQM +0.37 points	0.57%	0.20%
Microsoft CorpMSFT	QQQM +0.35 points	6.14%	5.79%
Automatic Data Processing IncADP	QQQM +0.34 points	0.50%	0.16%
Starbucks CorpSBUX	QQQM +0.34 points	0.50%	0.16%
Western Digital CorpWDC	QQQM +0.34 points	0.59%	0.25%
Seagate Technology Holdings PLCSTX	QQQM +0.33 points	0.65%	0.32%
Marriott International Inc/MDMAR	QQQM +0.32 points	0.44%	0.12%
Booking Holdings IncBKNG	QQQM +0.29 points	0.48%	0.19%
Monster Beverage CorpMNST	QQQM +0.29 points	0.38%	0.09%
CSX CorpCSX	QQQM +0.29 points	0.42%	0.13%
Adobe IncADBE	QQQM +0.28 points	0.42%	0.14%
Intuit IncINTU	QQQM +0.28 points	0.39%	0.11%
Alphabet IncGOOG	QQQM +0.26 points	2.72%	2.46%
Cadence Design Systems IncCDNS	QQQM +0.27 points	0.41%	0.14%
Cintas CorpCTAS	QQQM +0.27 points	0.37%	0.10%
Constellation Energy CorpCEG	QQQM +0.26 points	0.39%	0.13%
Datadog IncDDOG	QQQM +0.26 points	0.40%	0.14%
Synopsys IncSNPS	QQQM +0.26 points	0.39%	0.13%
Moderna IncMRNA	QQQM +0.25 points	0.36%	0.11%
Regeneron Pharmaceuticals IncREGN	QQQM +0.24 points	0.35%	0.11%
Mondelez International IncMDLZ	QQQM +0.23 points	0.34%	0.11%
NVIDIA CorpNVDA	VOO +0.23 points	8.17%	8.40%
AppLovin CorpAPP	QQQM +0.22 points	0.34%	0.12%
Comcast CorpCMCSA	QQQM +0.21 points	0.33%	0.12%
O'Reilly Automotive IncORLY	QQQM +0.20 points	0.31%	0.10%
American Electric Power Co IncAEP	QQQM +0.20 points	0.30%	0.10%
Ross Stores IncROST	QQQM +0.21 points	0.32%	0.11%
Lumentum Holdings IncLITE	QQQM +0.20 points	0.33%	0.13%
Airbnb IncABNB	QQQM +0.20 points	0.30%	0.10%
Honeywell International IncHON	QQQM +0.20 points	0.30%	0.10%
DoorDash IncDASH	QQQM +0.19 points	0.30%	0.10%
Diamondback Energy IncFANG	QQQM +0.19 points	0.25%	0.06%
NXP Semiconductors NVNXPI	QQQM +0.18 points	0.27%	0.09%
Baker Hughes CoBKR	QQQM +0.17 points	0.25%	0.08%
Fastenal CoFAST	QQQM +0.16 points	0.25%	0.09%
Monolithic Power Systems IncMPWR	QQQM +0.16 points	0.26%	0.10%
Honeywell Aerospace IncHONA	QQQM +0.16 points	0.23%	0.07%
Autodesk IncADSK	QQQM +0.15 points	0.22%	0.07%
Alphabet IncGOOGL	VOO +0.14 points	2.93%	3.07%
PACCAR IncPCAR	QQQM +0.14 points	0.23%	0.09%
PayPal Holdings IncPYPL	QQQM +0.15 points	0.21%	0.06%
Xcel Energy IncXEL	QQQM +0.14 points	0.21%	0.07%
Keurig Dr Pepper IncKDP	QQQM +0.14 points	0.20%	0.06%
Exelon CorpEXC	QQQM +0.14 points	0.20%	0.06%
Roper Technologies IncROP	QQQM +0.13 points	0.18%	0.05%
IDEXX Laboratories IncIDXX	QQQM +0.13 points	0.19%	0.06%
Microchip Technology IncMCHP	QQQM +0.13 points	0.19%	0.06%
Teradyne IncTER	QQQM +0.12 points	0.22%	0.10%
Paychex IncPAYX	QQQM +0.12 points	0.17%	0.05%
Old Dominion Freight Line IncODFL	QQQM +0.12 points	0.17%	0.05%
Workday IncWDAY	QQQM +0.11 points	0.17%	0.06%
Take-Two Interactive Software IncTTWO	QQQM +0.10 points	0.16%	0.06%
Axon Enterprise IncAXON	QQQM +0.10 points	0.15%	0.05%
GE HealthCare Technologies IncGEHC	QQQM +0.10 points	0.14%	0.04%
Copart IncCPRT	QQQM +0.08 points	0.11%	0.03%
Dexcom IncDXCM	QQQM +0.08 points	0.13%	0.05%
Broadcom IncAVGO	VOO +0.01 points	2.53%	2.54%

All 103 QQQM 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.

QQQM vs VOO Cost

Overpaying QQQM vs VOO

$2,499

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

QQQM 0.15%
$3,137
VOO 0.03%
$638

Amount$10,000

Years30 years

Cost over time

QQQM 0.15%
VOO 0.03%
Overpaying

Year by year

Year	QQQM	VOO	Overpaying
10	$274	$55	$219
20	$1,071	$216	$855
30	$3,137	$638	$2,499

Expense ratio

0.15%QQQM
0.03%VOO, 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

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

QQQM vs VOO Dividends

Last 12 months to Oct 28, 2026

Yield (12M): QQQM 0.44%; VOO 1.05%, better
Payout (12M): QQQM $1.32; VOO $7.43
Last payment: QQQM $0.31; VOO $1.82
Ex-dividend: QQQM Sep 21, 2026; VOO Sep 28, 2026
Paid on: QQQM Sep 25, 2026; VOO Sep 30, 2026
Frequency: QQQM Quarterly; VOO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQQMQuarterly · 24 paymentsAll QQQM payments⁠

VOOQuarterly · 39 paymentsAll VOO payments⁠

QQQM vs VOO Risk

Fall from peak · 5 years

QQQM
VOO

Risk facts

VolatilityStd dev, 3 years: QQQM 17.2%VOO 12.4%, better
Return per unit of riskSharpe ratio, 3 years: QQQM 1.27VOO 1.37, better
Worst fallMax drawdown, 5 years: QQQM −35.0%VOO −24.5%, better
Market sensitivityBeta, 5 years: QQQM 1.23VOO 1.01; Market = 1

QQQM and VOO in the news

All news⁠

New ETFs
Liquid Strategies' new Nasdaq income ETF is selling S&P 500 puts
Oct 27, 2026QQQM
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
Take VTI over VOO unless you already own the rest of the market
Oct 23, 2026VOO
Head-to-Head
VOO has kept about a tenth of a percentage point a year more of the S&P 500 than SPY
Oct 23, 2026VOO
Head-to-Head
VOO vs. VOOG: the S&P 500 fund is the better default
Oct 23, 2026VOO

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