Data as of Oct 28, 2026.
IQQQ vs QQQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, IQQQ returned +9.6% to QQQ's +15.2%, and QQQ charges 0.18% to IQQQ's 0.55%.
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Net assets: $397m on Oct 28, 2026 for ProShares Nasdaq-100 High Income ETF, and $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.
Pair scorecard
QQQ costs 0.37 points a year less; their one-year returns differ by 5.6 points; QQQ is far larger, $483.0bn against $395m.
| Measure | IQQQ | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.6% | +15.2% |
| Price change, 1 year | rose 2.8% | rose 14.6% |
| Return of capital, issuer estimate | 87% of the Oct 7, 2026 payment | |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Benchmark: Nasdaq-100, measured through QQQ | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.55% | 0.18% |
| Net assets, as of Oct 27, 2026 | $395m | $483.0bn |
| Holdings | ||
| Holdings in common | 84% | |
| In the S&P 500, by weight | 96% | |
| Top ten holdings, share of the fund | 46.7% | |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Mar 28, 2024 to Oct 23, 2026 · 134 weekly returnsEach against its own benchmark: IQQQ against QQQ, Mar 28, 2024 to Oct 23, 2026; QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026.
QQQ returned more: +60.7% to +45.4%. IQQQ swung less: 18.0% to 20.2%. IQQQ fell slightly less at its worst: −19.4% to −21.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IQQQ | QQQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +45.4% | +60.7% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +15.6% | +20.2% | QQQ | Total return as a yearly rate. |
| Price return | +13.9% | +58.6% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.0% | 20.2% | IQQQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.5% | 13.2% | IQQQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.4% | −21.3% | IQQQ (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 84.6% | 100.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.0% | 100.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.88 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.66 | 0.80 | QQQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.95 | 1.22 | QQQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.135 | 0.145 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.80 | 0.95 | QQQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | QQQM | The ETF each fund is measured against. | |
| Alpha | −2.3% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.03 | −0.58 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −6.7% to +2.1% | −0.4% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.99 | −0.10 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 4.3% | 0.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 134 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IQQQ and QQQ hold 84% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
84% in common
Only in one fund ↓
Side by side
IQQQ and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
IQQQ and QQQ do different jobs. What does each one do in a portfolio?
- What each follows. IQQQ is measured against Nasdaq-100 through QQQ and QQQ follows Nasdaq-100 Index.
- One-year total return. Over 1 year to Oct 28, 2026 IQQQ returned +9.6% and QQQ +15.2% with distributions reinvested, a gap of 5.6 points.
- Cost. IQQQ charges 0.55% of assets a year and QQQ 0.18%, a gap of 0.37 points.
Data as of Oct 28, 2026.
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IQQQ
Over the year to Oct 28, 2026, IQQQ paid 6.4% of its starting value in cash distributions while its price rose 2.8%. With every distribution reinvested, the fund returned +9.6%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was behind by 5.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.4%, paid monthly. ProShares estimates that 87% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
QQQ
QQQ 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 0.18% 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 103 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
- Are IQQQ and QQQ in the same category?
- IQQQ is an option-income 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, IQQQ or QQQ?
- In the year to Oct 28, 2026, with distributions reinvested, IQQQ returned +9.6% and QQQ +15.2%.
- Which is cheaper, IQQQ or QQQ?
- QQQ is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IQQQ against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/iqqq-vs-qqq
ETFIQ. (Oct 28, 2026). IQQQ against QQQ. Retrieved from https://etfiq.com/compare/any/iqqq-vs-qqq
[IQQQ against QQQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iqqq-vs-qqq)
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