Data as of Nov 4, 2026.
ASGM vs QQQ: Differences, Returns & Fees
Over the year to Nov 4, 2026, ASGM returned +22.8% to QQQ's +12.3%, and QQQ charges 0.18% to ASGM's 0.86%.
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Net assets: $8.5m on Jul 31, 2026 for Virtus AlphaSimplex Global Macro ETF, and $464.6bn on Nov 3, 2026 for Invesco QQQ Trust, Series 1.
Pair scorecard
QQQ costs 0.68 points a year less; their one-year returns differ by 10.5 points.
| Measure | ASGM | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +22.8% | +12.3% |
| Total return, 52 weeks | +21.9% | |
| Drawdown | ||
| Below its high | 8.9%, high on Oct 6, 2026 | |
| Against its benchmark | ||
| What it tracks | not published | Nasdaq-100 Index |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 18.2 points ahead | |
| Cost and size | ||
| Expense ratio | 0.86% | 0.18% |
| Net assets, ASGM as of Jul 31, 2026 and QQQ as of Nov 3, 2026 | $8.5m | $464.6bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 94% | |
| Top ten holdings, share of the fund | 46.7% | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.85 | |
| Beta to the S&P 500 | +1.08: about 1.08% for each 1% | |
| Its average week when the S&P 500 fell | fell 1.25% | |
| Down-week capture | 116.3% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Side by side
ASGM and QQQ on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
ASGM
ASGM is a global macro fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.85 with the S&P 500’s and a beta of +1.08, so for each 1% the index moved it moved about 1.08% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks ASGM fell 1.25% on average, a down-week capture of 116.3%. Over the same 52 weeks ASGM returned +21.9% and a Treasury bill fund +3.7%, so it finished 18.2 percentage points ahead of cash.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Nov 4, 2026 it returned +12.3% with distributions reinvested, against +12.3% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Nov 3, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 8.9% below its high of Oct 6, 2026 on Nov 4, 2026.
Questions people ask
- Are ASGM and QQQ in the same category?
- ASGM is an alternatives ETF and QQQ is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, ASGM or QQQ?
- In the year to Nov 4, 2026, with distributions reinvested, ASGM returned +22.8% and QQQ +12.3%.
- Which is cheaper, ASGM or QQQ?
- QQQ is cheaper, by 0.68 percentage points a year. That is about $68 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, ASGM against QQQ, data as of Nov 4, 2026. https://etfiq.com/compare/any/asgm-vs-qqq
ETFIQ. (Nov 4, 2026). ASGM against QQQ. Retrieved from https://etfiq.com/compare/any/asgm-vs-qqq
[ASGM against QQQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/asgm-vs-qqq)
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