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Data as of Oct 28, 2026.

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QBUF vs QQQM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QBUF returned +5.3% to QQQM's +15.2%, and QQQM charges 0.15% to QBUF's 0.79%.

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Net assets: $203m on Oct 28, 2026 for Innovator Nasdaq-100 10 Buffer ETF - Quarterly, and $110.4bn on Oct 27, 2026 for Invesco NASDAQ 100 ETF.

QBUF on its own →QQQM on its own →
At a glance
+5.3%
QBUF total return, 1 year
+15.2%
QQQM total return, 1 year
0.79%
QBUF expense ratio
0.15%
QQQM expense ratio

Pair scorecard

QQQM costs 0.64 points a year less; their one-year returns differ by 9.9 points; QQQM is far larger, $110.4bn against $202m.

QBUF vs QQQM: Differences, Returns & Fees
MeasureQBUFQQQM
Return
Total return, 1 year+5.3%+15.2%
Drawdown
Below its high4.5%, high on Oct 6, 2026
Benchmark
What it tracksQQQNasdaq-100 Index
The outcome period
Room to the cap5.0%
Buffer left, in index points8.0% of 10.0%
Days left in the period64
Period endsDec 31, 2026
Cost and size
Expense ratio0.79%0.15%
Net assets, as of Oct 27, 2026$202m$110.4bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight96%
Top ten holdings, share of the fund46.7%

Method

Side by side

QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly QQQM Invesco NASDAQ 100 ETF
Where it sits Buffer ETF Stock ETF
Issuer Innovator Invesco
What it is Defined outcome, 10% on QQQ Tracks the Nasdaq-100
Total return, 1 year +5.3% +15.2%
Its benchmark over the same days +14.6% (QQQ) +15.2% (QQQ)
Gap to its benchmark −9.3 pts vs QQQ 0.0 pts vs QQQ
Expense ratio 0.79% 0.15%
Holdings not read by ETFIQ 105
Net assets, QBUF as of Oct 28, 2026 and QQQM as of Oct 27, 2026 $203m $110.4bn

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

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About each fund
QBUF

From its price on Oct 28, 2026, the fund can gain about 5.0% more before it reaches its cap. Protection left, in index points: 8.0% of the 10.0% buffer still sits below today's QQQ level. 64 days remained on Oct 28, 2026. On Dec 31, 2026 the period ends and a new cap is set.

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

Are QBUF and QQQM in the same category?
QBUF 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 returned more over the last year, QBUF or QQQM?
In the year to Oct 28, 2026, with distributions reinvested, QBUF returned +5.3% and QQQM +15.2%.
Which is cheaper, QBUF or QQQM?
QQQM is cheaper, by 0.64 percentage points a year. That is about $64 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
QBUF vs QQQNAPR vs QQQMNJUN vs QQQMNNOV vs QQQMQMMY vs QQQMNJUL vs QQQMNOCT vs QQQMQCAP vs QQQM
Where to next
QQQ →QBUF 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
QBUF filings on SEC EDGAR ↗
Innovator page for QBUF ↗
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, QBUF against QQQM, data as of Oct 28, 2026. https://etfiq.com/compare/any/qbuf-vs-qqqm

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