Which returned more over the last year, QQQM or SHLD?

In the year to Sep 12, 2026, with distributions reinvested, QQQM returned +23.0% and SHLD returned −4.8%, so QQQM returned more. One year is one year; the longer windows are in the table.

Which is cheaper, QQQM or SHLD?

QQQM charges 0.15% a year and SHLD charges 0.50%, so QQQM is cheaper. Fees come from each fund's prospectus.

How much do QQQM and SHLD overlap with the S&P 500?

By their latest filed holdings, 97% of QQQM and 40% of SHLD by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.

Are QQQM and SHLD the same kind of fund?

No. QQQM is an index ETF and SHLD is a thematic ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

QQQM vs SHLD: how they differ

Over the year QQQM returned more, +23.0% against −4.8%, and QQQM charges 0.15% against 0.50%.

Invesco NASDAQ 100 ETF and Global X Defense Tech ETF.

What they hold in common

By the books each fund has filed, QQQM and SHLD hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in QQQM	Only in SHLD
NVIDIA Corp. 8.16%	PALANTIR TECHNOLOGIES INC-A 10.28%
Apple Inc. 7.29%	RTX CORPORATION 9.40%
Microsoft Corp. 5.32%	GENERAL DYNAMICS CORP 8.73%
Micron Technology, Inc. 4.80%	LOCKHEED MARTIN CORP 8.26%
Amazon.com, Inc. 4.62%	NORTHROP GRUMMAN CORP 7.86%
Advanced Micro Devices, Inc. 3.70%	BAE SYSTEMS PLC 4.54%
Alphabet Inc. 3.52%	HANWHA AEROSPACE CO LTD 4.04%
Tesla, Inc. 3.46%	RHEINMETALL AG 3.82%

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 and Sep 11, 2026.

QQQM and SHLD on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	QQQM Invesco NASDAQ 100 ETF	SHLD Global X Defense Tech ETF
Where it sits	Core index fund	Thematic ETF
Issuer	Invesco	Global X
What it is	Nasdaq-100	Defense
Total return, 1 year	+23.0%	−4.8%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	+5.5 pts	−22.4 pts
Expense ratio	0.15%	0.50%
Already in the S&P 500	96.7%	40.5%
Holdings	101	52

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.

SHLD in plain words

By weight, 40% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 64% of the fund across 52 positions, as published by its issuer for Sep 11, 2026. Over the year to Sep 11, 2026 the fund returned −4.8% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 22.4 pts. It sits 20.6% below its all-time high of Mar 9, 2026.

Questions people ask

Which returned more over the last year, QQQM or SHLD?: In the year to Sep 12, 2026, with distributions reinvested, QQQM returned +23.0% and SHLD returned −4.8%, so QQQM returned more. One year is one year; the longer windows are in the table.
Which is cheaper, QQQM or SHLD?: QQQM charges 0.15% a year and SHLD charges 0.50%, so QQQM is cheaper. Fees come from each fund's prospectus.
How much do QQQM and SHLD overlap with the S&P 500?: By their latest filed holdings, 97% of QQQM and 40% of SHLD by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Are QQQM and SHLD the same kind of fund?: No. QQQM is an index ETF and SHLD is a thematic ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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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.

QQQM against SHLD, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, QQQM against SHLD, data as of Sep 12, 2026. https://etfiq.com/compare/any/QQQM-SHLD Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources