Compare QQQ vs. QQQM ETF performance

›Compare ETFs›QQQ vs. QQQM ETF comparison

Comparing 2 ETFs	Performance (June 1, 2026 - July 1, 2026)
QQQ -2.26% QQQM -2.25%

Comparison analysis

The ETFs Invesco QQQ ETF (QQQ) and Invesco NASDAQ 100 ETF (QQQM) are passive ETFs that track the performance of the NASDAQ-100 Total Return Index - USD. As a result, they allow investors to get exposure to US Large Cap. Invesco QQQ ETF (QQQ) has a higher tracking difference (-28.11bps) than Invesco NASDAQ 100 ETF (QQQM) (-21.75bps), and a higher tracking error (+1.18bps vs. +0.91bps). Both funds use a Direct (Physical) replication method to follow their index with QQQ using the Full replication approach and QQQM applying the Optimized sampling model. Both QQQ and QQQM distribute dividends, with a TTM distribution yield of 0.42% and 0.44% respectively. Both funds invest in the same top 3 sectors: Technology, Consumer Non-Cyclicals and Consumer Cyclicals. QQQ’s top underlying securities are NVIDIA Corp. (8.15%), Apple, Inc. (7.28%) and Microsoft Corp. (5.31%). QQQM’s top underlying securities are NVIDIA Corp. (8.31%), Apple, Inc. (7.32%) and Microsoft Corp. (5.06%). With a Total Expense Ratio (TER) of 0.18%, QQQ is more expensive than QQQM, with 0.15%. QQQ has a 3M average daily volume (ADV) of +$23.59B vs. +$1.04B for QQQM. The recorded 1Y bid-ask spread is +0.27bps (QQQ) and +0.71bps (QQQM). The table below shows the full side-by-side ETF comparison of QQQ and QQQM, with detailed data on performance, flows, liquidity, exposure to individual stocks, segments, sectors, and geographies, helping you select the best ETFs.

	QQQ Invesco QQQ ETF - USDThis ETF provides exposure to Large Cap US Equities ISIN US46090E1038, US46090E3018, US46090E2028	QQQM Invesco NASDAQ 100 ETF - USDThis ETF provides exposure to Large Cap US Equities ISIN US46138G6492


Product Type	Passive ETF	Passive ETF
Strategy	Long only	Long only
NAV	$725.11	$298.54
AuM	-	-
TER	0.18%	0.15%
Rating

Provider	Invesco	Invesco
Investment strategy	Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index®. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.	The Invesco NASDAQ 100 ETF (Fund) is based on the NASDAQ-100 Index (Index).
Dividend policy	Distribution	Distribution


Tax optimisation
PEA
UK Reporting

Performance and flows	Perf. Flows	Perf. Flows
1 month	-2.26% To view, create a free account	-2.25% To view, create a free account
3 months	+24.24%	+24.25%
1 year	+33.22%	+33.28%
3 years	+99.20%	+99.61%
5 years	+110.68%	+111.43%
Month to date	-1.54%	-1.54%
Quarter to date	-1.54%	-1.54%
Year to date	+18.34%	+18.36%

Volatility and risk	1 year 3 years 5 years	1 year 3 years 5 years
Volatility	To view, create a free account	To view, create a free account
Perf./Volatility
Max drawdown
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Exposure
Countries
Sectors or issuer types
Number of holdings	101	101
Weight of top 15 holdings
Top 15 holdings	NVIDIA Corp. Apple, Inc. Microsoft Corp. Micron Technology, Inc. Amazon.com, Inc. Advanced Micro Devices, Inc. Alphabet, Inc. Tesla, Inc. Broadcom Inc. Alphabet, Inc. Meta Platforms, Inc. Intel Corp. Walmart, Inc. Cisco Systems, Inc. Costco Wholesale Corp. To view, create a free account	NVIDIA Corp. Apple, Inc. Microsoft Corp. Amazon.com, Inc. Micron Technology, Inc. Advanced Micro Devices, Inc. Alphabet, Inc. Tesla, Inc. Alphabet, Inc. Broadcom Inc. Meta Platforms, Inc. Intel Corp. Walmart, Inc. Cisco Systems, Inc. Costco Wholesale Corp. To view, create a free account

Replication
Benchmark	NASDAQ-100 Index	NASDAQ-100 Index
Replication method
Replication model
Trackinsight replication rating
Tracking error (1Y)
Tracking difference (1Y)
1Y cumulative return difference	Best -25.18bps Worst -30.39bps	Best -17.61bps Worst -23.39bps
Daily return difference	Avg -0.08bps Worst -0.38bps	Avg -0.07bps Worst -0.30bps

Sustainability
SDG

Frequently asked questions about QQQ and QQQM

How did QQQ and QQQM perform in 2026?

As of yesterday, QQQ has delivered a year-to-date performance of 18.34%, while QQQM has returned 18.36%.

Which ETF is seeing higher flows: QQQ or QQQM?

As of yesterday, QQQ has recorded +€7.51B in net flows YTD, compared to +€13.62B for QQQM since the beginning of the year.

Which ETF shows higher volatility: QQQ or QQQM?

As of yesterday, QQQ reported a 1-year volatility of 18.25%, whereas QQQM registered volatility 18.25% over the same period.

How do QQQ and QQQM differ in sector exposure?

As of yesterday, QQQ is primarily exposed to sectors such as Technology, weight 68.60%, Consumer Non-Cyclicals, weight 11.99% and Consumer Cyclicals, weight 3.91%. The top sectors in QQQM feature Technology, weight 68.36%, Consumer Non-Cyclicals, weight 12.26% and Consumer Cyclicals, weight 3.99%.

How do QQQ and QQQM differ in geographic exposure?

As of yesterday, QQQ has its largest country exposures in USA, weight 95.87%, United Kingdom, weight 1.41% and Netherlands, weight 1.20%. The top countries in QQQM feature USA, weight 95.94%, United Kingdom, weight 1.42% and Netherlands, weight 1.21%.

How do QQQ and QQQM differ in terms of holdings?

As of yesterday, QQQ include NVIDIA Corp., weight 8.15%, Apple, Inc., weight 7.28% and Microsoft Corp., weight 5.31%. The top positions in QQQM feature NVIDIA Corp., weight 8.31%, Apple, Inc., weight 7.32% and Microsoft Corp., weight 5.06%.

Is QQQ or QQQM more diversified?

As of yesterday, QQQ holds 101 securities, with 59.35% of its assets allocated to its top 15 positions. QQQM, by comparison, includes 101 holdings and has 59.66% concentrated in its top 15.

Which ETF has a higher distribution yield: QQQ or QQQM?

As of yesterday, QQQ has a trailing 12-month yield of 0.42%, while QQQM offers 0.44%.

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