Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs XOP: how they differ
QQQ and XOP hold 0% of their weight in the same names, and XOP returned more over the year.
Invesco QQQ Trust and State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF.
What they hold in common
By the books each fund has filed, QQQ and XOP hold 0% of their money in the same securities at the same weight.
| Holding | QQQ | XOP |
|---|---|---|
| Diamondback Energy, Inc. | 0.24% | 2.43% |
| Only in QQQ | Only in XOP |
|---|---|
| NVIDIA Corp. 8.16% | Texas Pacific Land Corp 3.17% |
| Apple Inc. 7.29% | PBF Energy Inc 2.91% |
| Microsoft Corp. 5.32% | Delek US Holdings Inc 2.81% |
| Micron Technology, Inc. 4.80% | Expand Energy Corp 2.80% |
| Amazon.com, Inc. 4.62% | CNX Resources Corp 2.78% |
| Advanced Micro Devices, Inc. 3.70% | EQT Corp 2.75% |
| Alphabet Inc. 3.52% | Valero Energy Corp 2.75% |
| Tesla, Inc. 3.46% | Antero Resources Corp 2.68% |
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 Jun 30, 2026 and May 31, 2026.
| QQQ Invesco QQQ Trust | XOP State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | Nasdaq-100, book from QQQM | SPDR S&P Oil & Gas Exploration & Production |
| Total return, 1 year | +23.0% | +52.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | +34.9 pts |
| Expense ratio | 0.18% | 0.35% |
| Holdings | 101 | 51 |
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.
XOP in plain words
XOP is a commodity fund tracking the SPDR S&P Oil & Gas Exploration & Production. Over the year to Sep 11, 2026 it returned +52.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. It sat 26.8% below its high of Jun 23, 2014 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QQQ or XOP?
- In the year to Sep 12, 2026, with distributions reinvested, QQQ returned +23.0% and XOP returned +52.4%, so XOP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or XOP?
- QQQ charges 0.18% a year and XOP charges 0.35%, so QQQ is cheaper. Fees come from each fund's prospectus.
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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 XOP, data as of Sep 12, 2026. https://etfiq.com/compare/any/QQQ-XOP Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources