Data as of Oct 28, 2026.
QQQ vs QQQJ: Differences, Returns & Fees
Over the year to Oct 28, 2026, QQQ returned +15.2% to QQQJ's +24.3%, and QQQJ charges 0.15% to QQQ's 0.18%.
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Net assets on Oct 27, 2026: $483.0bn for Invesco QQQ Trust, Series 1 and $1.2bn for Invesco NASDAQ Next Gen 100 ETF.
Pair scorecard
QQQJ costs 0.03 points a year less; their one-year returns differ by 9.1 points; QQQ is far larger, $483.0bn against $1.2bn.
| Measure | QQQ | QQQJ |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.2% | +24.3% |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Against its benchmark | ||
| What it tracks | Nasdaq-100 Index | Broad innovation and megatrends |
| Against its benchmark, 1 year | ahead by 11.0 pts | |
| Cost and size | ||
| Expense ratio | 0.18% | 0.15% |
| Net assets, as of Oct 27, 2026 | $483.0bn | $1.2bn |
| Active share vs the S&P 500 | 99% | |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 46.7% | 21% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 23, 2020 to Oct 23, 2026 · 313 weekly returnsEach against its own benchmark: QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026; QQQJ against IWV, Oct 23, 2020 to Oct 23, 2026.
QQQ returned more: +156.2% to +74.5%. QQQ and QQQJ swung about the same: 21.1% and 21.0%. QQQ fell less at its worst: −35.1% to −39.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | QQQ | QQQJ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +156.2% | +74.5% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +16.9% | +9.7% | QQQ | Total return as a yearly rate. |
| Price return | +147.4% | +66.2% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.1% | 21.0% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.7% | 14.2% | QQQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.1% | −39.2% | QQQ | Deepest fall from a high to the low after it. |
| Upside capture | 100.4% | 113.3% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.2% | 113.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 1.17 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.82 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | 0.39 | QQQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.06 | 0.58 | QQQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.145 | 0.070 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.48 | 0.25 | QQQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQM | IWV | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | −5.6% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.58 | −1.50 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.2% | −12.8% to +1.7% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.10 | −0.38 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 9.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 313 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, QQQ and QQQJ hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
QQQ and QQQJ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
QQQ and QQQJ do different jobs. What does each one do in a portfolio?
- What each follows. QQQ follows Nasdaq-100 Index and QQQJ follows Broad innovation and megatrends.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 QQQ returned +15.2% and QQQJ +24.3% with distributions reinvested, a gap of 9.1 points.
Data as of Oct 28, 2026.
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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.
Over the year to Oct 28, 2026 the fund returned +24.3% with distributions reinvested against +13.3% for its benchmark, the Russell 3000 Index, so a holder was ahead by 11.0 pts.
By weight, 46% of QQQJ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 21% of the fund across 106 positions, as published by its issuer for Oct 27, 2026.
Questions people ask
- Are QQQ and QQQJ in the same category?
- QQQ is a stock ETF and QQQJ is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, QQQ or QQQJ?
- In the year to Oct 28, 2026, with distributions reinvested, QQQ returned +15.2% and QQQJ +24.3%.
- Which is cheaper, QQQ or QQQJ?
- QQQJ is cheaper, by 0.03 percentage points a year. That is about $3 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, QQQ against QQQJ, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqq-vs-qqqj
ETFIQ. (Oct 28, 2026). QQQ against QQQJ. Retrieved from https://etfiq.com/compare/any/qqq-vs-qqqj
[QQQ against QQQJ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/qqq-vs-qqqj)
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