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Data as of Nov 4, 2026.

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DQSE vs QQQM: Differences, Returns & Fees

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DQSE and QQQM are measured over different days, and QQQM charges 0.15% to DQSE's 0.90%.

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Net assets on Nov 3, 2026: $24m for FT Vest Nasdaq-100 Dual Directional Buffer ETF - September and $106.0bn for Invesco NASDAQ 100 ETF.

DQSE on its own →QQQM on its own →
At a glance
−3.2%
DQSE total return, since launch, Sep 21, 2026
+12.3%
QQQM total return, 1 year
0.90%
DQSE expense ratio
0.15%
QQQM expense ratio

Pair scorecard

QQQM costs 0.75 points a year less; QQQM is far larger, $106.0bn against $24m.

DQSE vs QQQM: Differences, Returns & Fees
MeasureDQSEQQQM
Return
Total return, 1 yearnot published+12.3%
Drawdown
Below its high8.9%, high on Oct 6, 2026
Benchmark
What it tracksQQQNasdaq-100 Index
The outcome period
Room to the cap19.8%
Buffer left, in index points5.9% of 10.0%
Days left in the period317
Period endsSep 17, 2027
Cost and size
Expense ratio0.90%0.15%
Net assets, as of Nov 3, 2026$24m$106.0bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight94%
Top ten holdings, share of the fund46.7%

Method

Side by side

DQSE FT Vest Nasdaq-100 Dual Directional Buffer ETF - September QQQM Invesco NASDAQ 100 ETF
Where it sits Buffer ETF Stock ETF
Issuer First Trust Invesco
What it is Defined outcome, 0% to 10% on QQQ Tracks the Nasdaq-100
Total return, 1 year −3.2% (since launch, Sep 21, 2026) +12.3%
Its benchmark over the same days −6.7% (QQQ) (since launch, Sep 21, 2026) +12.3% (QQQ)
Gap to its benchmark +3.5 pts vs QQQ (since launch, Sep 21, 2026) 0.0 pts vs QQQ
Expense ratio 0.90% 0.15%
Holdings not read by ETFIQ 105
Net assets, as of Nov 3, 2026 $24m $106.0bn

DQSE and QQQM on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund
DQSE

From its price on Nov 4, 2026, the fund can gain about 19.8% more before it reaches its cap. Protection left, in index points: 5.9% of the 10.0% buffer still sits below today's QQQ level. 317 days remained on Nov 4, 2026. On Sep 17, 2027 the period ends and a new cap is set.

QQQM

QQQM 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 0.15% 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 105 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 DQSE and QQQM in the same category?
DQSE is a buffer ETF and QQQM is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which is cheaper, DQSE or QQQM?
QQQM is cheaper, by 0.75 percentage points a year. That is about $75 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
DQSE vs QQQQDEC vs QQQMQQQM vs QSPTQJUN vs QQQMPQJL vs QQQMPQOC vs QQQMPQAP vs QQQMPQJA vs QQQM
Where to next
Invesco QQQ Trust →DQSE on its own →QQQM on its own →Hold both: look the portfolio through →Rankings →QQQM dividend history →QQQM holdings →Standards and sources →
Sources and dates
DQSE filings on SEC EDGAR ↗
First Trust page for DQSE ↗
QQQM filings on SEC EDGAR ↗
QQQM prospectus with the expense ratio (SEC) ↗
Invesco page for QQQM ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, DQSE against QQQM, data as of Nov 4, 2026. https://etfiq.com/compare/any/dqse-vs-qqqm

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