Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
NLR vs QQQM: how they differ
Over the year QQQM returned more, +23.0% against −6.1%, and QQQM charges 0.15% against 0.52%.
VanEck Uranium and Nuclear ETF and Invesco NASDAQ 100 ETF.
What they hold in common
By the books each fund has filed, NLR and QQQM hold 0% of their money in the same securities at the same weight.
| Only in NLR | Only in QQQM |
|---|---|
| Constellation Energy Corp 9.09% | NVIDIA Corp 8.52% |
| Cameco Corp 7.90% | Apple Inc 7.72% |
| Fortum Oyj 6.83% | Microsoft Corp 5.89% |
| Public Service Enterprise Group Inc 6.22% | Micron Technology Inc 4.90% |
| Nexgen Energy Ltd 5.30% | Amazon.com Inc 4.36% |
| Bwx Technologies Inc 5.21% | Advanced Micro Devices Inc 3.65% |
| Paladin Energy Ltd 5.21% | Alphabet Inc 3.12% |
| Uranium Energy Corp 5.07% | Meta Platforms Inc 3.07% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| NLR VanEck Uranium and Nuclear ETF | QQQM Invesco NASDAQ 100 ETF | |
|---|---|---|
| Where it sits | Thematic ETF | Core index fund |
| Issuer | VanEck | Invesco |
| What it is | Nuclear and uranium | Nasdaq-100 |
| Total return, 1 year | −6.1% | +23.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −23.6 pts | +5.5 pts |
| Expense ratio | 0.52% | 0.15% |
| Already in the S&P 500 | 15.3% | 96.7% |
| Holdings | 25 | 106 |
NLR in plain words
By weight, 15% of NLR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 25 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned −6.1% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 23.6 pts. It sits 31.1% below its all-time high of Jan 28, 2026.
QQQM in plain words
QQQM is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 106 positions, with the top ten at 47.1%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, NLR or QQQM?
- In the year to Sep 13, 2026, with distributions reinvested, NLR returned −6.1% and QQQM returned +23.0%, so QQQM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, NLR or QQQM?
- NLR charges 0.52% a year and QQQM charges 0.15%, so QQQM is cheaper. Fees come from each fund's prospectus.
- How much do NLR and QQQM overlap with the S&P 500?
- By their latest filed holdings, 15% of NLR and 97% of QQQM by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
- Are NLR and QQQM the same kind of fund?
- No. NLR is a thematic ETF and QQQM is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, NLR against QQQM, data as of Sep 13, 2026. https://etfiq.com/compare/any/nlr-vs-qqqm Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources