Data as of Oct 28, 2026.

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ITOT vs QQQM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, ITOT returned +13.4% to QQQM's +15.2%; 49% of their weight is in the same names.

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Net assets on Oct 27, 2026: $97.1bn for iShares Core S&P Total U.S. Stock Market ETF and $110.4bn for Invesco NASDAQ 100 ETF.

At a glance
+13.4%
ITOT total return, 1 year
+15.2%
QQQM total return, 1 year
0.03%
ITOT expense ratio
0.15%
QQQM expense ratio

Pair scorecard

ITOT costs 0.12 points a year less; their one-year returns differ by 1.8 points; QQQM is 1.1 times larger.

ITOT vs QQQM: Differences, Returns & Fees
MeasureITOTQQQM
Return
Total return, 1 year+13.4%+15.2%
Drawdown
Below its high4.5%, high on Oct 6, 2026
Benchmark
What it tracksS&P Total Market Index (TMI)Nasdaq-100 Index
Cost and size
Expense ratio0.03%0.15%
Net assets, as of Oct 27, 2026$97.1bn$110.4bn
Holdings
Holdings in common49%
Top ten holdings, share of the fund33.9%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
ITOT QQQM
Return
Total return edge QQQM +129.1% +157.2%
Annualized edge QQQM +14.8% +17.0%
Price return edge QQQM +111.2% +147.9%
Risk
Volatility edge ITOT 16.3% 21.0%
Max drawdown edge ITOT −24.9% −35.0%
Risk-adjusted
Sharpe edge ITOT (slight) 0.73 0.70
Sortino edge ITOT (slight) 1.10 1.07
Calmar edge ITOT 0.59 0.49
Reading

QQQM returned more: +157.2% to +129.1%. ITOT swung less: 16.3% to 21.0%. ITOT fell less at its worst: −24.9% to −35.0%.

Full scorecard

9 measures, with how each is measured
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Risk and return: ITOT vs QQQM: Differences, Returns & Fees
MeasureITOTQQQMEdgeHow it is measured
Return
Total return+129.1%+157.2%QQQMPrice change plus distributions, reinvested.
Annualized+14.8%+17.0%QQQMTotal return as a yearly rate.
Price return+111.2%+147.9%QQQMPrice change alone, distributions left out.
Risk
Volatility16.3%21.0%ITOTSpread of weekly returns, annualized. Lower is steadier.
Downside deviation10.8%13.6%ITOTLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−24.9%−35.0%ITOTDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.730.70ITOT (slight)Return above Treasury bills per unit of volatility.
Sortino1.101.07ITOT (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.590.49ITOTAnnualized return divided by the max drawdown.

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

49%

By the books each fund has filed, ITOT and QQQM hold 49% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

49% in common

Positions both hold · largest shared weight first ITOT QQQM
NVIDIA 7.06% 8.17%
APPLE 6.78% 7.88%
MICROSOFT 5.28% 6.14%
AMAZON.COM INC 3.32% 4.25%
ALPHABET CLASS A 2.52% 2.93%
BROADCOM INC 2.18% 2.53%
ALPHABET CLASS C 2.02% 2.72%
META PLATFORMS CLASS A 1.83% 2.87%
TESLA INC 1.54% 3.33%
MICRON TECHNOLOGY 1.40% 4.50%
ADVANCED MICRO DEVICES 1.22% 3.93%
WALMART 0.71% 2.49%
Only in one fund ↓
Only in ITOT
ELI LILLY 1.37%
BERKSHIRE HATHAWAY INC CLASS B 1.36%
JPMORGAN CHASE & CO 1.20%
EXXONMOBIL HOLDINGS CORP 0.99%
VISA CLASS A 0.92%
JOHNSON & JOHNSON 0.87%
ABBVIE 0.68%
MASTERCARD CLASS A 0.66%
Only in QQQM
Shopify Inc 0.86%
ASML Holding NV 0.66%
ARM Holdings PLC 0.42%
MercadoLibre Inc 0.36%
PDD Holdings Inc 0.23%
Coca-Cola Europacific Partners PLC 0.21%
Thomson Reuters Corp 0.19%
Nebius Group NV 0.17%
Check overlap with more funds →

Side by side

ITOT iShares Core S&P Total U.S. Stock Market ETF QQQM Invesco NASDAQ 100 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the S&P Total U.S. Stock Market Tracks the Nasdaq-100
Total return, 1 year +13.4% +15.2%
Its benchmark over the same days not measured +15.2% (QQQ)
Gap to its benchmark not measured 0.0 pts vs QQQ
Expense ratio 0.03% 0.15%
Already in the S&P 500 88.1% 95.7%
Holdings 2443 105
Net assets, as of Oct 27, 2026 $97.1bn $110.4bn

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

Client brief · page 1 of 2 Report BR-53501B3219

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

  1. What each follows. ITOT follows S&P Total Market Index (TMI) and QQQM follows Nasdaq-100 Index.
  2. Holdings in common. 49% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. Number of holdings. ITOT holds 2,443 positions and QQQM holds 105.

Data as of Oct 28, 2026.

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About each fund
ITOT

ITOT tracks the S&P Total U.S. Stock Market. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,443 positions, with the top ten at 33.9%.

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, ITOT or QQQM?
In the year to Oct 28, 2026, with distributions reinvested, ITOT returned +13.4% and QQQM +15.2%.
Which is cheaper, ITOT or QQQM?
ITOT is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do ITOT and QQQM overlap with the S&P 500?
By their latest filed holdings, 88% of ITOT and 96% of QQQM by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, ITOT against QQQM, data as of Oct 28, 2026. https://etfiq.com/compare/any/itot-vs-qqqm

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