Data as of Oct 28, 2026.

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QQQ vs VCSH: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QQQ returned +15.2% to VCSH's +1.3%; 0% of their weight is in the same names.

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Net assets: $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1, and $43.9bn on Sep 30, 2026 for Vanguard Short-Term Corporate Bond ETF.

At a glance
+15.2%
QQQ total return, 1 year
+1.3%
VCSH total return, 1 year
0.18%
QQQ expense ratio
0.03%
VCSH expense ratio

Pair scorecard

VCSH costs 0.15 points a year less; their one-year returns differ by 13.9 points.

QQQ vs VCSH: Differences, Returns & Fees
MeasureQQQVCSH
Return
Total return, 1 year+15.2%+1.3%
Drawdown
Below its high4.5%, high on Oct 6, 2026
Benchmark
What it tracksNasdaq-100 IndexBloomberg U.S. 1-5 Year Corporate Bond Index
Cost and size
Expense ratio0.18%0.03%
Net assets, QQQ as of Oct 27, 2026 and VCSH as of Sep 30, 2026$483.0bn$43.9bn
Holdings
Holdings in common0%
In the S&P 500, by weight96%
Top ten holdings, share of the fund46.7%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Dec 4, 2009 to Oct 23, 2026 · 881 weekly returns
QQQ VCSH
Return
Total return edge QQQ +1,744.1% +59.9%
Annualized edge QQQ +18.8% +2.8%
Price return edge QQQ +1,496.6% +2.8%
Risk
Volatility edge VCSH 19.1% 3.5%
Max drawdown edge VCSH −35.1% −11.3%
Downside capture 100.2% 98.3%
Beta 1.00 0.95
Risk-adjusted
Sharpe edge QQQ 0.92 0.37
Sortino edge QQQ 1.38 0.52
Treynor 0.145 −0.003
Calmar edge QQQ 0.54 0.25
Against the benchmark
Alpha −0.1% a year 0.0% a year
Alpha t-stat −0.58 −0.29
Information ratio −0.10 −0.06
Tracking error 0.4% 0.5%

Each against its own benchmark: QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026; VCSH against SCHJ, Oct 18, 2019 to Oct 23, 2026.

Reading

QQQ returned more: +1,744.1% to +59.9%. VCSH swung less: 3.5% to 19.1%. VCSH fell less at its worst: −11.3% to −35.1%.

Full scorecard

19 measures, with how each is measured
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Risk and return: QQQ vs VCSH: Differences, Returns & Fees
MeasureQQQVCSHEdgeHow it is measured
Return
Total return+1,744.1%+59.9%QQQPrice change plus distributions, reinvested.
Annualized+18.8%+2.8%QQQTotal return as a yearly rate.
Price return+1,496.6%+2.8%QQQPrice change alone, distributions left out.
Risk
Volatility19.1%3.5%VCSHSpread of weekly returns, annualized. Lower is steadier.
Downside deviation12.7%2.5%VCSHLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−35.1%−11.3%VCSHDeepest fall from a high to the low after it.
Upside capture100.4%98.3%Share of its benchmark's rise caught in the weeks it rose.
Downside capture100.2%98.3%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.000.95Not an edgeHow far it moves for each 1% its benchmark moves.
R squared1.000.99Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.920.37QQQReturn above Treasury bills per unit of volatility.
Sortino1.380.52QQQReturn above Treasury bills per unit of downside deviation.
Treynor0.145−0.003Return above Treasury bills per unit of beta.
Calmar0.540.25QQQAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkQQQMSCHJThe ETF each fund is measured against.
Alpha−0.1% a year0.0% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat−0.58−0.29Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.4% to +0.2%−0.4% to +0.3%Includes zeroThe 95% range for the yearly alpha.
Information ratio−0.10−0.06Return against its benchmark per unit of tracking error.
Tracking error0.4%0.5%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 881 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, QQQ and VCSH hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first QQQ VCSH
Only in one fund ↓
Only in QQQ
NVIDIA Corp 8.17%
Apple Inc 7.88%
Microsoft Corp 6.14%
Micron Technology Inc 4.50%
Amazon.com Inc 4.25%
Advanced Micro Devices Inc 3.93%
Tesla Inc 3.33%
Alphabet Inc 2.92%
Only in VCSH
MKTLIQ 0.68%
Bank of America Corp 0.23%
Space Exploration Technologies Corp 0.22%
CVS Health Corp 0.20%
AbbVie Inc 0.20%
Amazon.com Inc 0.19%
Boeing Co 0.19%
T-Mobile USA Inc 0.19%
Check overlap with more funds →

Side by side

QQQ Invesco QQQ Trust, Series 1 VCSH Vanguard Short-Term Corporate Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the Nasdaq-100 Tracks an index of Short-Term Corporate Bond
Total return, 1 year +15.2% +1.3%
Its benchmark over the same days +15.2% (QQQM) +1.3% (SCHJ)
Gap to its benchmark 0.0 pts vs QQQM 0.0 pts vs SCHJ
Expense ratio 0.18% 0.03%
Holdings 103 3064
Net assets, QQQ as of Oct 27, 2026 and VCSH as of Sep 30, 2026 $483.0bn $43.9bn

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

Client brief · page 1 of 2 Report BR-EE97FCA471

QQQ and VCSH do different jobs. What does each one do in a portfolio?

  1. What each follows. QQQ follows Nasdaq-100 Index and VCSH follows Bloomberg U.S. 1-5 Year Corporate Bond Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 QQQ returned +15.2% and VCSH +1.3% with distributions reinvested, a gap of 13.9 points.

Data as of Oct 28, 2026.

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About each fund
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.

VCSH

VCSH tracks an index of Short-Term Corporate Bond. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested, against +1.3% for its benchmark, the Bloomberg U.S. 1-5 Year Corporate Bond Index. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, QQQ or VCSH?
In the year to Oct 28, 2026, with distributions reinvested, QQQ returned +15.2% and VCSH +1.3%.
Which is cheaper, QQQ or VCSH?
VCSH is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, QQQ against VCSH, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqq-vs-vcsh

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