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QQQM vs XLK

Invesco NASDAQ 100 ETF

QQQMANasdaq

State Street Technology Select Sector SPDR ETF

XLKANYSE Arca

Overlap

55.0%by weight

Expense ratio

XLK −0.07pt a year

QQQM0.15%XLK0.08%

Avg volume · 30D

XLK 2.8×the volume

QQQM3.01MXLK8.32M

5Y return · a year

XLK +5.5pt

QQQM+14.3%XLK+19.8%

QQQM vs XLK Performance

Oct 28, 2021 – Oct 28, 2026

+95.2%QQQM+146.4%XLK

Oct 28, 2021 to Oct 28, 2026. QQQM +95.2%. XLK +146.4%. Use the arrow keys to read each point.0%50%Oct 2021Apr 2024Oct 2026
Expense ratio
QQQM 0.15%
XLK 0.08%, better
Fund size
QQQM $109B
XLK $123B
1Y total return
QQQM +15.2%
XLK +27.1%, better
Yield (12M)
QQQM 0.44%
XLK 0.44%
Holdings
QQQM 105
XLK 77
Avg volume (30D)
QQQM 3.01M sh
XLK 8.32M sh, better
NAV per share
QQQM $293.18
XLK $186.31
52W range

ETF.net Grade

QQQM: Cost 74, Risk 49, Mission 100, Tradability 88, Holdings 61, Durability 76. XLK: Cost 98, Risk 56, Mission 76, Tradability 98, Holdings 41, Durability 82.
Pillar letters and Scores for QQQM, XLK, with each pillar’s weight
PillarQQQMXLK
Cost30% weightA74A98
Mission25% weightA100A76
Risk15% weightC49B56
Tradability15% weightA88A98
Holdings10% weightB61C41
Durability5% weightA76A82

Where each fund ranks

How we build Categories ›
Different Categories. Each fund is graded against different funds, so their Grades do not compare head to head.

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.

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

Technology (Broad)⁠

Category · 23 funds
See all 23 ›

XLK ranks 1st of 23 funds in the Technology (Broad) Category.

  1. Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 80
  2. Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 77

Our read on each fund

ETF.net Research

QQQMAInvesco NASDAQ 100 ETF

XLKAState Street Technology Select Sector SPDR 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.

XLK A 1998 original: XLK owns the technology slice of the S&P 500, about 70 names, for eight basis points. Big, heavily traded, and top-heavy by design, with quarterly caps the only brake on the giants at the top.

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.

XLK The fund seeks to track the price and yield performance of the Technology Select Sector Index before expenses.

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.
  • XLK Costs 0.08% a year against a roughly 0.40% median for broad tech funds, tying FTEC as the cheapest of the category's top-rated names and undercutting VGT's 0.09%.
  • One of the largest and most actively traded funds in the tech aisle, so entering or exiting rarely means fighting the order book.
  • Running since December 1998 and dead simple: the tech sector of the S&P 500, spanning software, semiconductors, hardware, communications equipment and IT services. Pays quarterly.ssga.com

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
  • XLK Top-heavy by construction. About 70 stocks, and the index only trims its biggest weights at quarterly rebalances to stay inside fund diversification limits.spglobal.com
  • The universe is S&P 500 tech only. Smaller tech companies outside the big index are out, and the Select Sector funds split the S&P 500 up, so some familiar names sit in other sector funds.ssga.com
  • It is one sector with no ballast from the rest of the market, so a tech drawdown lands here in full.

Full QQQM profile⁠

Full XLK profile⁠

QQQM vs XLK Holdings

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

How QQQM and XLK differ

Overlap by weight

55.0%

Shared holdings make up 84.9% of XLK and 55.5% of QQQM.

Level by level

  • Holdings35 in both55.0%
  • Sector10 Sectors58.7%
  • Countryby domicile96.0%
  • Asset classEquity100%

Sector

Sector weights in QQQM and XLK, widest gap first
SectorMore in QQQMMore in XLK
TechnologyXLK +41.3 points
CommunicationQQQM +11.6 points
Consumer DiscretionaryQQQM +10.5 points
Consumer StaplesQQQM +6.3 points
IndustrialsQQQM +5.8 points
Health CareQQQM +4.4 points
UtilitiesQQQM +1.1 points
MaterialsQQQM +1.0 points
EnergyQQQM +0.4 points
FinancialsQQQM +0.3 points

Country, concentration and asset class

Country by domicile

Country weights in QQQM and XLK, widest gap first
CountryMore in QQQMMore in XLK
United StatesXLK +2.9 points
United KingdomQQQM +1.7 points
CanadaQQQM +1.1 points
IrelandXLK +1.1 points
NetherlandsQQQM +0.8 points
UruguayQQQM +0.4 points

Concentration

Weight in the 10 largest Holdings

  • QQQM46.7%
  • XLK64.7%

Securities held

  • QQQM102
  • XLK75

Asset class

QQQM
Equity
XLK
Equity

Holdings

  • Only in QQQM67
  • In both35
  • Only in XLK40

Only in QQQM

67 securities, 44.4% of QQQM by weight

  • Amazon.com Inc4.25%
  • Tesla Inc3.33%
  • Alphabet Inc2.93%

Only in XLK

40 securities, 15.1% of XLK by weight

  • Intl Business Machines Corp1.42%
  • Oracle Corp1.29%
  • Salesforce Inc1.21%

Weight gaps

All 35 Holdings in both funds, largest gap first.

Holding weights in QQQM and XLK, widest gap first
HoldingMore in QQQMMore in XLK
NVIDIA CorpNVDAXLK +7.17 points
Apple IncAAPLXLK +6.85 points
Microsoft CorpMSFTXLK +5.47 points
Broadcom IncAVGOXLK +2.07 points
Palantir Technologies IncPLTRXLK +0.76 points
Cisco Systems IncCSCOXLK +0.69 points
Advanced Micro Devices IncAMDXLK +0.68 points
Intel CorpINTCXLK +0.55 points

All 103 QQQM holdings⁠All 75 XLK 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 XLK Cost

Overpaying QQQM vs XLK

$1,448

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

  • QQQM 0.15%

    $3,137

  • XLK 0.08%

    $1,689

$10,000
30 years

Cost over time

  • QQQM 0.15%
  • XLK 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530QQQM $3,137XLK $1,689

Year by year

YearQQQMXLKOverpaying
10$274$147$127
20$1,071$575$496
30$3,137$1,689$1,448

Expense ratio

  • 0.15%QQQM
  • 0.08%XLK, cheaper

Different Categories. Each fund is graded against different funds, so their Grades do not compare head to head.Different Categories, so each fee sits in its own Category’s range.

QQQM among 10 Nasdaq-100 funds

  • Middle half of Nasdaq-100 funds
  • Median 0.20%

QQQM 3rd cheapest of 10 funds

XLK among 23 Technology (Broad) funds

  • Middle half of Technology (Broad) funds
  • Median 0.45%

XLK cheapest of 23 funds

QQQM vs XLK Dividends

Last 12 months to Oct 28, 2026
Yield (12M)
QQQM 0.44%
XLK 0.44%
Payout (12M)
QQQM $1.32
XLK $0.83
Last payment
QQQM $0.31
XLK $0.22
Ex-dividend
QQQM Sep 21, 2026
XLK Sep 21, 2026
Paid on
QQQM Sep 25, 2026
XLK Sep 23, 2026
Frequency
QQQM Quarterly
XLK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

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$0.252017202020232026YTD
XLKQuarterly · 39 paymentsAll XLK payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.10; Jun 16, 2017 $0.11; Sep 15, 2017 $0.10; Dec 15, 2017 $0.12; Mar 16, 2018 $0.11; Jun 15, 2018 $0.13; Sep 21, 2018 $0.13; Dec 21, 2018 $0.13; Mar 15, 2019 $0.12; Jun 21, 2019 $0.14; Sep 20, 2019 $0.13; Dec 20, 2019 $0.15; Mar 23, 2020 $0.19; Jun 22, 2020 $0.14; Sep 21, 2020 $0.12; Dec 21, 2020 $0.15; Mar 22, 2021 $0.14; Jun 21, 2021 $0.13; Sep 20, 2021 $0.14; Dec 20, 2021 $0.16; Mar 21, 2022 $0.14; Jun 21, 2022 $0.16; Sep 19, 2022 $0.16; Dec 19, 2022 $0.18; Mar 20, 2023 $0.16; Jun 20, 2023 $0.18; Sep 18, 2023 $0.18; Dec 18, 2023 $0.21; Mar 18, 2024 $0.17; Jun 24, 2024 $0.20; Sep 23, 2024 $0.20; Dec 23, 2024 $0.19; Mar 24, 2025 $0.19; Jun 23, 2025 $0.20; Sep 22, 2025 $0.18; Dec 22, 2025 $0.22; Mar 23, 2026 $0.17; Jun 22, 2026 $0.23; Sep 21, 2026 $0.22. Use the arrow keys to read each point.$0$0.252017202020232026YTD

QQQM vs XLK Risk

Fall from peak · 5 years

  • QQQM
  • XLK
Oct 28, 2021 to Oct 28, 2026. Worst fall: QQQM −35.0% · Nov 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
QQQM 17.2%, betterXLK 22.7%
Return per unit of riskSharpe ratio, 3 years
QQQM 1.27, betterXLK 1.23
Worst fallMax drawdown, 5 years
QQQM −35.0%XLK −33.6%, better
Market sensitivityBeta, 5 years
QQQM 1.23XLK 1.35

QQQM and XLK in the news

All news⁠

Popular comparisons

  • QQQMAvsQQQA

    Invesco NASDAQ 100 ETF · Invesco QQQ Trust, Series 1

    Expense ratio
    0.15% · 0.18%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XLKAvsFTECA

    State Street Technology Select Sector SPDR ETF · Fidelity MSCI Information Technology Index ETF

    Expense ratio
    0.08% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQQMAvsIQQA

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    Expense ratio
    0.15% · 0.10%
    Category
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  • XLKAvsVGTA

    State Street Technology Select Sector SPDR ETF · Vanguard Information Technology ETF

    Expense ratio
    0.08% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQQMAvsFTECA

    Invesco NASDAQ 100 ETF · Fidelity MSCI Information Technology Index ETF

    Expense ratio
    0.15% · 0.08%
    Category
    Different Categories. Each fund is graded against different funds, so their Grades do not compare head to head.

  • XLKAvsQQQA

    State Street Technology Select Sector SPDR ETF · Invesco QQQ Trust, Series 1

    Expense ratio
    0.08% · 0.18%
    Category
    Different Categories. Each fund is graded against different funds, so their Grades do not compare head to head.