Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs QUAL: how they differ
QQQ and QUAL hold 0% of their weight in the same names, and QQQ returned more over the year.
Invesco QQQ Trust and iShares MSCI USA Quality Factor ETF.
What they hold in common
By the books each fund has filed, QQQ and QUAL hold 0% of their money in the same securities at the same weight.
| Only in QQQ | Only in QUAL |
|---|---|
| NVIDIA Corp 8.52% | MICROSOFT 7.67% |
| Apple Inc 7.72% | APPLE 7.10% |
| Microsoft Corp 5.89% | NVIDIA 6.44% |
| Micron Technology Inc 4.90% | META PLATFORMS CLASS A 4.32% |
| Amazon.com Inc 4.36% | ELI LILLY 3.62% |
| Advanced Micro Devices Inc 3.65% | LAM RESEARCH 3.59% |
| Alphabet Inc 3.12% | TJX 3.23% |
| Meta Platforms Inc 3.07% | VISA CLASS A 3.21% |
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.
| QQQ Invesco QQQ Trust | QUAL iShares MSCI USA Quality Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | iShares |
| What it is | Nasdaq-100 | MSCI USA Quality Factor |
| Total return, 1 year | +23.0% | +16.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −1.5 pts |
| Expense ratio | 0.18% | 0.15% |
| Already in the S&P 500 | 96.7% | 98.9% |
| Holdings | 105 | 121 |
QQQ in plain words
QQQ 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 0.18% 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 105 positions, with the top ten at 47.0%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% 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, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 44.4%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QQQ or QUAL?
- In the year to Sep 13, 2026, with distributions reinvested, QQQ returned +23.0% and QUAL returned +16.0%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or QUAL?
- QQQ charges 0.18% a year and QUAL charges 0.15%, so QUAL is cheaper. Fees come from each fund's prospectus.
- How much do QQQ and QUAL overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQ and 99% of QUAL 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.
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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, QQQ against QUAL, data as of Sep 13, 2026. https://etfiq.com/compare/any/qqq-vs-qual Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources