Data as of Nov 12, 2026.
QQQ vs QXQ: Differences, Returns & Fees
Return, fees and overlap, side by side.
Risk and return
Jun 21, 2024 to Nov 6, 2026 · 124 weekly returnsEach against its own benchmark: QQQ against QQQM, Oct 23, 2020 to Nov 6, 2026; QXQ against QQQ, Jun 21, 2024 to Nov 6, 2026.
From Jun 2024 to Nov 2026, QXQ returned slightly more: +40.4% to +38.4%. QQQ and QXQ swung about the same: 20.6% and 20.3%. QQQ and QXQ fell about the same at their worst: −21.3% and −21.2%.
Full scorecard
19 measures Open ↓
| Measure | QQQ | QXQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +38.4% | +40.4% | QXQ (slight) | Price change plus distributions, reinvested. |
| Annualized | +14.6% | +15.3% | QXQ (slight) | Total return as a yearly rate. |
| Price return | +36.6% | +15.6% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.6% | 20.3% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.7% | 13.6% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −21.3% | −21.2% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 100.4% | 98.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.2% | 98.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 0.97 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.97 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.56 | 0.60 | QXQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.85 | 0.89 | QXQ (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.133 | 0.125 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.68 | 0.72 | QXQ (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQM | QQQ | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | +0.9% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.57 | 0.37 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.2% | −3.9% to +5.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.11 | 0.14 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 3.8% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 124 weekly returns. Cash rate: the 13-week Treasury bill.
Pair scorecard
QQQ costs 0.80 points a year less; their one-year returns differ by 0.8 points.
| Measure | QQQ | QXQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.3% | +12.1% |
| Price change, 1 year | rose 10.8% | fell 4.7% |
| Latest payout, annualized | 1.0% | |
| Drawdown | ||
| Below its high | 9.4%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Nasdaq-100 Index | Benchmark: Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.18% | 0.98% |
| Net assets, QQQ as of Nov 11, 2026 and QXQ as of Aug 31, 2026 | $473.8bn | $82m |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 93% | |
| Top ten holdings, share of the fund | 46.3% | |
Side by side
QQQ and QXQ on the fields both publish, as of Nov 12, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
Client brief:
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QQQ
QQQ tracks the Nasdaq-100. Over the year to Nov 12, 2026 it returned +11.3% with distributions reinvested, against +11.4% 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 11, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.3%. It sat 9.4% below its high of Oct 6, 2026 on Nov 12, 2026.
QXQ
Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting value in cash distributions while its price fell 4.7%. With every distribution reinvested, the fund returned +12.1%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 1.0%, paid quarterly.
Questions people ask
- Are QQQ and QXQ in the same category?
- QQQ is a stock ETF and QXQ is an option-income 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 QXQ?
- In the year to Nov 12, 2026, with distributions reinvested, QQQ returned +11.3% and QXQ +12.1%.
- Which is cheaper, QQQ or QXQ?
- QQQ is cheaper, by 0.80 percentage points a year. That is about $80 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, QQQ against QXQ, data as of Nov 12, 2026. https://etfiq.com/compare/any/qqq-vs-qxq
ETFIQ. (Nov 12, 2026). QQQ against QXQ. Retrieved from https://etfiq.com/compare/any/qqq-vs-qxq
[QQQ against QXQ (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/any/qqq-vs-qxq)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.
Net assets: $473.8bn on Nov 11, 2026 for Invesco QQQ Trust, Series 1, and $82m on Aug 31, 2026 for SGI Enhanced Nasdaq-100 ETF.
QQQ and QXQ
Total return, distributions reinvested, 1 year.
QQQ +11.3%, QXQ +12.1%: QXQ +0.8 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.