Data as of Oct 28, 2026.

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EWT vs QQQM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWT returned +69.9% to QQQM's +15.2%; 0% of their weight is in the same names.

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Net assets: $12.0bn on Oct 28, 2026 for iShares MSCI Taiwan ETF, and $110.4bn on Oct 27, 2026 for Invesco NASDAQ 100 ETF.

At a glance
+69.9%
EWT total return, 1 year
+15.2%
QQQM total return, 1 year
0.59%
EWT expense ratio
0.15%
QQQM expense ratio

Pair scorecard

QQQM costs 0.44 points a year less; their one-year returns differ by 54.7 points; QQQM is 9.4 times larger.

EWT vs QQQM: Differences, Returns & Fees
MeasureEWTQQQM
Return
Total return, 1 year+69.9%+15.2%
Drawdown
Below its high7.7%, high on Oct 5, 20264.5%, high on Oct 6, 2026
Benchmark
What it tracksMSCI Taiwan 25/50 IndexNasdaq-100 Index
Cost and size
Expense ratio0.59%0.15%
Net assets, as of Oct 27, 2026$11.8bn$110.4bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund47.7%46.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Oct 23, 2020 to Oct 23, 2026 · 313 weekly returns
EWT QQQM
Return
Total return edge EWT +232.4% +157.2%
Annualized edge EWT +22.1% +17.0%
Price return edge QQQM +125.7% +147.9%
Risk
Volatility edge QQQM (slight) 22.3% 21.0%
Max drawdown edge QQQM (slight) −38.2% −35.0%
Downside capture 88.6% 99.8%
Beta 0.82 1.00
Risk-adjusted
Sharpe edge EWT 0.86 0.70
Sortino edge EWT 1.30 1.07
Treynor 0.155 0.147
Calmar edge EWT 0.58 0.49
Against the benchmark
Alpha +4.5% a year +0.1% a year
Alpha t-stat 1.63 0.62
Information ratio 0.19 0.10
Tracking error 13.9% 0.4%

Each against its own benchmark: EWT against EEM, Apr 25, 2003 to Oct 23, 2026; QQQM against QQQ, Oct 23, 2020 to Oct 23, 2026.

Reading

EWT returned more: +232.4% to +157.2%. QQQM swung slightly less: 21.0% to 22.3%. QQQM fell slightly less at its worst: −35.0% to −38.2%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: EWT vs QQQM: Differences, Returns & Fees
MeasureEWTQQQMEdgeHow it is measured
Return
Total return+232.4%+157.2%EWTPrice change plus distributions, reinvested.
Annualized+22.1%+17.0%EWTTotal return as a yearly rate.
Price return+125.7%+147.9%QQQMPrice change alone, distributions left out.
Risk
Volatility22.3%21.0%QQQM (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation14.7%13.6%QQQM (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−38.2%−35.0%QQQM (slight)Deepest fall from a high to the low after it.
Upside capture78.9%99.6%Share of its benchmark's rise caught in the weeks it rose.
Downside capture88.6%99.8%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.821.00Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.671.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.860.70EWTReturn above Treasury bills per unit of volatility.
Sortino1.301.07EWTReturn above Treasury bills per unit of downside deviation.
Treynor0.1550.147Return above Treasury bills per unit of beta.
Calmar0.580.49EWTAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkEEMQQQThe ETF each fund is measured against.
Alpha+4.5% a year+0.1% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat1.630.62Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.9% to +9.8%−0.2% to +0.4%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.190.10Return against its benchmark per unit of tracking error.
Tracking error13.9%0.4%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 313 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, EWT and QQQM hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWT QQQM
Only in one fund ↓
Only in EWT
TAIWAN SEMICONDUCTOR MANUFACTURING 22.12%
MEDIATEK 6.03%
HON HAI PRECISION INDUSTRY 3.31%
DELTA ELECTRONICS 3.25%
ASE TECHNOLOGY HOLDING 2.86%
NAN YA PLASTICS CORP 2.54%
UNIMICRON TECHNOLOGY 2.04%
ELITE MATERIAL 1.88%
Only in QQQM
NVIDIA Corp 8.17%
Apple Inc 7.88%
Microsoft Corp 6.14%
Micron Technology Inc 4.50%
Amazon.com Inc 4.25%
Advanced Micro Devices Inc 3.93%
Tesla Inc 3.33%
Alphabet Inc 2.93%
Check overlap with more funds →

Side by side

EWT iShares MSCI Taiwan ETF QQQM Invesco NASDAQ 100 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Taiwan Tracks the Nasdaq-100
Total return, 1 year +69.9% +15.2%
Its benchmark over the same days +16.3% (EEM) +15.2% (QQQ)
Gap to its benchmark +53.6 pts vs EEM 0.0 pts vs QQQ
Expense ratio 0.59% 0.15%
Already in the S&P 500 0.0% 95.7%
Holdings 79 105
Net assets, EWT as of Oct 28, 2026 and QQQM as of Oct 27, 2026 $12.0bn $110.4bn

EWT and QQQM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-AC44FD6F9D

EWT and QQQM do different jobs. What does each one do in a portfolio?

  1. What each follows. EWT follows MSCI Taiwan 25/50 Index and QQQM follows Nasdaq-100 Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 EWT returned +69.9% and QQQM +15.2% with distributions reinvested, a gap of 54.7 points.

Data as of Oct 28, 2026.

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About each fund
EWT

EWT tracks the MSCI Taiwan. Over the year to Oct 28, 2026 it returned +69.9% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.59% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 47.7%. It sat 7.7% below its high of Oct 5, 2026 on Oct 28, 2026.

QQQM

QQQM tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 96% 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 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EWT or QQQM?
In the year to Oct 28, 2026, with distributions reinvested, EWT returned +69.9% and QQQM +15.2%.
Which is cheaper, EWT or QQQM?
QQQM is cheaper, by 0.44 percentage points a year. That is about $44 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWT and QQQM overlap with the S&P 500?
By their latest filed holdings, 0% of EWT and 96% of QQQM by weight is stocks the S&P 500 already holds.
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ETFIQ, EWT against QQQM, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewt-vs-qqqm

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