Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ACWI vs QQQM: how they differ
ACWI and QQQM hold 34% of their weight in the same names, and QQQM returned more over the year.
iShares MSCI ACWI ETF and Invesco NASDAQ 100 ETF.
What they hold in common
By the books each fund has filed, ACWI and QQQM hold 34% of their money in the same securities at the same weight.
| Holding | ACWI | QQQM |
|---|---|---|
| NVIDIA CORPORATION | 4.89% | 8.16% |
| APPLE INC. | 4.02% | 7.29% |
| MICROSOFT CORPORATION | 2.90% | 5.32% |
| AMAZON.COM, INC. | 2.58% | 4.62% |
| ALPHABET INC. | 2.26% | 3.52% |
| BROADCOM INC. | 1.90% | 3.37% |
| ALPHABET INC. | 1.87% | 3.26% |
| META PLATFORMS, INC. | 1.34% | 2.97% |
| TESLA, INC. | 1.09% | 3.46% |
| MICRON TECHNOLOGY, INC. | 0.59% | 4.80% |
| ADVANCED MICRO DEVICES, INC. | 0.58% | 3.70% |
| WALMART INC. | 0.58% | 2.48% |
| Only in ACWI | Only in QQQM |
|---|---|
| Taiwan Semiconductor Manufacturing Compa 1.73% | Sandisk Corp. 1.10% |
| JPMORGAN CHASE & CO. 0.86% | ASML Holding N.V. 0.62% |
| ELI LILLY AND COMPANY 0.76% | ARM Holdings PLC 0.22% |
| BERKSHIRE HATHAWAY INC. 0.66% | Ferrovial N.V. 0.21% |
| EXXON MOBIL CORPORATION 0.66% | Thomson Reuters Corp. 0.17% |
| ASML Holding N.V. 0.56% | |
| JOHNSON & JOHNSON 0.56% | |
| VISA INC. 0.56% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| ACWI iShares MSCI ACWI ETF | QQQM Invesco NASDAQ 100 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | MSCI ACWI | Nasdaq-100 |
| Total return, 1 year | +19.1% | +23.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +1.6 pts | +5.5 pts |
| Expense ratio | 0.32% | 0.15% |
| Already in the S&P 500 | 61.4% | 96.7% |
| Holdings | 2307 | 101 |
ACWI in plain words
ACWI is an index equity fund tracking the MSCI ACWI. Over the year to Sep 11, 2026 it returned +19.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Apr 30, 2026, 61% of the fund by weight is stocks the S&P 500 also holds, across 2307 positions, with the top ten at 24.6%.
QQQM in plain words
QQQM is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, ACWI or QQQM?
- In the year to Sep 12, 2026, with distributions reinvested, ACWI returned +19.1% and QQQM returned +23.0%, so QQQM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ACWI or QQQM?
- ACWI charges 0.32% a year and QQQM charges 0.15%, so QQQM is cheaper. Fees come from each fund's prospectus.
- How much do ACWI and QQQM overlap with the S&P 500?
- By their latest filed holdings, 61% of ACWI and 97% of QQQM by weight is stocks the S&P 500 already holds. Between the two funds, 34% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ACWI against QQQM, data as of Sep 12, 2026. https://etfiq.com/compare/any/ACWI-QQQM Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources