Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs VPU: how they differ
QQQ and VPU hold 1% of their weight in the same names, and QQQ returned more over the year.
Invesco QQQ Trust and Vanguard Utilities Index Fund.
What they hold in common
By the books each fund has filed, QQQ and VPU hold 1% of their money in the same securities at the same weight.
| Holding | QQQ | VPU |
|---|---|---|
| Constellation Energy Corp. | 0.46% | 5.86% |
| American Electric Power Co., Inc. | 0.30% | 4.47% |
| Xcel Energy Inc. | 0.22% | 3.11% |
| Exelon Corp. | 0.20% | 3.05% |
| Only in QQQ | Only in VPU |
|---|---|
| NVIDIA Corp. 8.16% | NextEra Energy Inc 11.84% |
| Apple Inc. 7.29% | Southern Co/The 6.70% |
| Microsoft Corp. 5.32% | Duke Energy Corp 6.31% |
| Micron Technology, Inc. 4.80% | Sempra 3.85% |
| Amazon.com, Inc. 4.62% | Dominion Energy Inc 3.78% |
| Advanced Micro Devices, Inc. 3.70% | Vistra Corp 3.59% |
| Alphabet Inc. 3.52% | Entergy Corp 3.22% |
| Tesla, Inc. 3.46% | Public Service Enterprise Group Inc 2.60% |
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 May 31, 2026.
| QQQ Invesco QQQ Trust | VPU Vanguard Utilities Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | Vanguard |
| What it is | Nasdaq-100, book from QQQM | Utilities |
| Total return, 1 year | +23.0% | +2.1% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −15.4 pts |
| Expense ratio | 0.18% | 0.09% |
| Already in the S&P 500 | 96.7% | 90.1% |
| Holdings | 101 | 66 |
QQQ in plain words
QQQ 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 0.18% 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 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
VPU in plain words
VPU is an index equity fund tracking the Utilities. Over the year to Sep 11, 2026 it returned +2.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 66 positions, with the top ten at 52.7%. It sat 9.8% below its high of Feb 27, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QQQ or VPU?
- In the year to Sep 12, 2026, with distributions reinvested, QQQ returned +23.0% and VPU returned +2.1%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or VPU?
- QQQ charges 0.18% a year and VPU charges 0.09%, so VPU is cheaper. Fees come from each fund's prospectus.
- How much do QQQ and VPU overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQ and 90% of VPU by weight is stocks the S&P 500 already holds. Between the two funds, 1% of their books are the same securities at the same weight.
Other comparisons
Where to next
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 VPU, data as of Sep 12, 2026. https://etfiq.com/compare/any/QQQ-VPU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources