Data as of Oct 28, 2026.

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QQQ vs VEU: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QQQ returned +15.2% to VEU's +14.4%; 1% 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 $68.1bn on Sep 30, 2026 for Vanguard FTSE All World Ex US ETF.

At a glance
+15.2%
QQQ total return, 1 year
+14.4%
VEU total return, 1 year
0.18%
QQQ expense ratio
0.04%
VEU expense ratio

Pair scorecard

VEU costs 0.14 points a year less; their one-year returns differ by 0.8 points.

QQQ vs VEU: Differences, Returns & Fees
MeasureQQQVEU
Return
Total return, 1 year+15.2%+14.4%
Drawdown
Below its high4.5%, high on Oct 6, 20265.0%, high on Sep 4, 2026
Benchmark
What it tracksNasdaq-100 IndexFTSE All-World ex US Index
Cost and size
Expense ratio0.18%0.04%
Net assets, QQQ as of Oct 27, 2026 and VEU as of Sep 30, 2026$483.0bn$68.1bn
Holdings
Holdings in common1%
Top ten holdings, share of the fund46.7%15.2%

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

Risk and return

Mar 16, 2007 to Oct 23, 2026 · 1,023 weekly returns
QQQ VEU
Return
Total return edge QQQ +1,818.3% +173.1%
Annualized edge QQQ +16.2% +5.2%
Price return edge QQQ +1,544.6% +59.0%
Risk
Volatility edge VEU (slight) 20.3% 19.3%
Max drawdown edge QQQ −51.4% −60.1%
Risk-adjusted
Sharpe edge QQQ 0.76 0.28
Sortino edge QQQ 1.13 0.39
Calmar edge QQQ 0.31 0.09
Reading

QQQ returned more: +1,818.3% to +173.1%. VEU swung slightly less: 19.3% to 20.3%. QQQ fell less at its worst: −51.4% to −60.1%.

Full scorecard

9 measures, with how each is measured
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Risk and return: QQQ vs VEU: Differences, Returns & Fees
MeasureQQQVEUEdgeHow it is measured
Return
Total return+1,818.3%+173.1%QQQPrice change plus distributions, reinvested.
Annualized+16.2%+5.2%QQQTotal return as a yearly rate.
Price return+1,544.6%+59.0%QQQPrice change alone, distributions left out.
Risk
Volatility20.3%19.3%VEU (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation13.8%14.0%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−51.4%−60.1%QQQDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.760.28QQQReturn above Treasury bills per unit of volatility.
Sortino1.130.39QQQReturn above Treasury bills per unit of downside deviation.
Calmar0.310.09QQQAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,023 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

1%

By the books each fund has filed, QQQ and VEU hold 1% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first QQQ VEU
Shopify Inc 0.86% 0.45%
PDD Holdings Inc 0.23% 0.15%
Ferrovial NV 0.17% 0.07%
Coca-Cola Europacific Partners PLC 0.21% 0.05%
Thomson Reuters Corp 0.19% 0.03%
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 VEU
Taiwan Semiconductor Manufacturing Co Ltd 4.70%
Samsung Electronics Co Ltd 2.24%
SK hynix Inc 1.83%
ASML Holding NV 1.71%
SLBBH1142 0.91%
Tencent Holdings Ltd 0.84%
HSBC Holdings PLC 0.84%
Roche Holding AG 0.72%
Check overlap with more funds →

Side by side

QQQ Invesco QQQ Trust, Series 1 VEU Vanguard FTSE All World Ex US ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Nasdaq-100 Tracks the FTSE All-World ex-US
Total return, 1 year +15.2% +14.4%
Its benchmark over the same days +15.2% (QQQM) not measured
Gap to its benchmark 0.0 pts vs QQQM not measured
Expense ratio 0.18% 0.04%
Already in the S&P 500 95.7% 0.0%
Holdings 103 3816
Net assets, QQQ as of Oct 27, 2026 and VEU as of Sep 30, 2026 $483.0bn $68.1bn

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

Client brief · page 1 of 2 Report BR-D6917B76B7

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

  1. What each follows. QQQ follows Nasdaq-100 Index and VEU follows FTSE All-World ex US Index.
  2. Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. Number of holdings. QQQ holds 103 positions and VEU holds 3816.

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.

VEU

VEU tracks the FTSE All-World ex-US. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,816 positions, with the top ten at 15.2%. It sat 5.0% below its high of Sep 4, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, QQQ or VEU?
In the year to Oct 28, 2026, with distributions reinvested, QQQ returned +15.2% and VEU +14.4%.
Which is cheaper, QQQ or VEU?
VEU is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QQQ and VEU overlap with the S&P 500?
By their latest filed holdings, 96% of QQQ and 0% of VEU by weight is stocks the S&P 500 already holds.
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ETFIQ, QQQ against VEU, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqq-vs-veu

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