Data as of Nov 4, 2026.
QQQ vs QTR: Differences, Returns & Fees
Over the year to Nov 4, 2026, QQQ returned +12.3% to QTR's +6.0%, and QQQ charges 0.18% to QTR's 0.25%.
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Net assets: $464.6bn on Nov 3, 2026 for Invesco QQQ Trust, Series 1, and $10m on Oct 12, 2026 for Global X NASDAQ 100 Tail Risk ETF.
Pair scorecard
QQQ costs 0.07 points a year less; their one-year returns differ by 6.3 points; QQQ is far larger, $501.3bn against $10m.
| Measure | QQQ | QTR |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.3% | +6.0% |
| Total return, 52 weeks | +5.4% | |
| Drawdown | ||
| Below its high | 8.9%, high on Oct 6, 2026 | |
| Against its benchmark | ||
| What it tracks | Nasdaq-100 Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 1.7 points ahead | |
| Cost and size | ||
| Expense ratio | 0.18% | 0.25% |
| Net assets, as of Oct 12, 2026 | $501.3bn | $10m |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 94% | |
| Top ten holdings, share of the fund | 46.7% | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.91 | |
| Beta to the S&P 500 | +1.34: about 1.34% for each 1% | |
| Its average week when the S&P 500 fell | fell 1.79% | |
| Down-week capture | 167.0% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Risk and return
Sep 3, 2021 to Oct 30, 2026 · 269 weekly returnsEach against its own benchmark: QQQ against QQQM, Oct 23, 2020 to Oct 30, 2026; QTR against VOO, Sep 3, 2021 to Oct 30, 2026.
From Sep 2021 to Oct 2026, QQQ returned more: +86.6% to +56.8%. QTR swung less: 17.5% to 21.4%. QTR fell less at its worst: −30.2% to −35.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | QQQ | QTR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +86.6% | +56.8% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +12.8% | +9.1% | QQQ | Total return as a yearly rate. |
| Price return | +81.0% | +27.8% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.4% | 17.5% | QTR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.2% | 11.9% | QTR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.1% | −30.2% | QTR | Deepest fall from a high to the low after it. |
| Upside capture | 100.4% | 107.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.2% | 107.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 0.94 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.74 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.49 | 0.37 | QQQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.74 | 0.54 | QQQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.141 | 0.068 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.37 | 0.30 | QQQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQM | VOO | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | −1.8% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.58 | −0.47 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.2% | −9.6% to +5.9% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.10 | −0.26 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 9.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 269 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
QQQ and QTR on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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QQQ
QQQ tracks the Nasdaq-100. Over the year to Nov 4, 2026 it returned +12.3% with distributions reinvested, against +12.3% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Nov 3, 2026, 94% 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 8.9% below its high of Oct 6, 2026 on Nov 4, 2026.
QTR
QTR is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.91 with the S&P 500’s and a beta of +1.34, so for each 1% the index moved it moved about 1.34% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks QTR fell 1.79% on average, a down-week capture of 167.0%. Over the same 52 weeks QTR returned +5.4% and a Treasury bill fund +3.7%, so it finished 1.7 percentage points ahead of cash.
Questions people ask
- Are QQQ and QTR in the same category?
- QQQ is a stock ETF and QTR is an alternatives 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 QTR?
- In the year to Nov 4, 2026, with distributions reinvested, QQQ returned +12.3% and QTR +6.0%.
- Which is cheaper, QQQ or QTR?
- QQQ is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, QQQ against QTR, data as of Nov 4, 2026. https://etfiq.com/compare/any/qqq-vs-qtr
ETFIQ. (Nov 4, 2026). QQQ against QTR. Retrieved from https://etfiq.com/compare/any/qqq-vs-qtr
[QQQ against QTR (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/qqq-vs-qtr)
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