Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs QQQM
Invesco QQQ Trust and Invesco NASDAQ 100 ETF.
What they hold in common
By the books each fund has filed, QQQ and QQQM hold 100% of their money in the same securities at the same weight.
| Holding | QQQ | QQQM |
|---|---|---|
| NVIDIA Corp. | 8.16% | 8.16% |
| Apple Inc. | 7.29% | 7.29% |
| Microsoft Corp. | 5.32% | 5.32% |
| Micron Technology, Inc. | 4.80% | 4.80% |
| Amazon.com, Inc. | 4.62% | 4.62% |
| Advanced Micro Devices, Inc. | 3.70% | 3.70% |
| Alphabet Inc. | 3.52% | 3.52% |
| Tesla, Inc. | 3.46% | 3.46% |
| Broadcom Inc. | 3.37% | 3.37% |
| Alphabet Inc. | 3.26% | 3.26% |
| Meta Platforms, Inc. | 2.97% | 2.97% |
| Intel Corp. | 2.52% | 2.52% |
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 as filed for May 31, 2026.
| QQQ Invesco QQQ Trust | QQQM Invesco NASDAQ 100 ETF | |
|---|---|---|
| Where it sits | Core fund | Core fund |
| Issuer | Invesco | Invesco |
| What it is | Nasdaq-100, book from QQQM | Nasdaq-100 |
| Total return, 1 year | +25.6% | +25.7% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | +5.6 pts | +5.7 pts |
| Expense ratio | 0.18% | 0.15% |
| Already in the S&P 500 | 96.7% | 96.7% |
| Holdings | 101 | 101 |
QQQ in plain words
QQQ is a index equity fund tracking Nasdaq-100, book from QQQM. Over the year to Sep 4, 2026 it returned +25.6% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.18% 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 3.5% below its high of Jun 2, 2026 on Sep 4, 2026.
QQQM in plain words
QQQM is a index equity fund tracking Nasdaq-100. Over the year to Sep 4, 2026 it returned +25.7% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% 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 3.5% below its high of Jun 2, 2026 on Sep 4, 2026.
Questions people ask
- Which returned more over the last year, QQQ or QQQM?
- In the year to Sep 4, 2026, with distributions reinvested, QQQ returned +25.6% and QQQM returned +25.7%, so QQQM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or QQQM?
- QQQ charges 0.18% a year and QQQM charges 0.15%, so QQQM is cheaper. Fees come from each fund's prospectus.
- How much do QQQ and QQQM overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQ and 97% of QQQM by weight is stocks the S&P 500 already holds. Between the two funds, 100% of their books are the same securities at the same weight.
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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, QQQ against QQQM, data as of Sep 4, 2026. https://etfiq.com/compare/any/QQQ-QQQM.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources