Data as of Oct 28, 2026.

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QQQ vs VGT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QQQ returned +15.2% to VGT's +24.7%; 53% 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 $154.5bn on Sep 30, 2026 for Vanguard Information Tech ETF.

At a glance
+15.2%
QQQ total return, 1 year
+24.7%
VGT total return, 1 year
0.18%
QQQ expense ratio
0.09%
VGT expense ratio

Pair scorecard

VGT costs 0.09 points a year less; their one-year returns differ by 9.5 points.

QQQ vs VGT: Differences, Returns & Fees
MeasureQQQVGT
Return
Total return, 1 year+15.2%+24.7%
Drawdown
Below its high4.5%, high on Oct 6, 20264.8%, high on Oct 6, 2026
Benchmark
What it tracksNasdaq-100 IndexMSCI US Investable Market Index (IMI)/Information Technology 25/50
Cost and size
Expense ratio0.18%0.09%
Net assets, QQQ as of Oct 27, 2026 and VGT as of Sep 30, 2026$483.0bn$154.5bn
Holdings
Holdings in common53%
Top ten holdings, share of the fund46.7%63.6%

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

Risk and return

Feb 6, 2004 to Oct 23, 2026 · 1,185 weekly returns
QQQ VGT
Return
Total return edge VGT (slight) +2,150.0% +2,280.1%
Annualized edge Tie +14.6% +14.9%
Price return edge VGT (slight) +1,797.1% +1,863.7%
Risk
Volatility edge QQQ (slight) 19.8% 21.2%
Max drawdown edge Tie −51.4% −52.4%
Downside capture 100.2% 99.9%
Beta 1.00 1.00
Risk-adjusted
Sharpe edge QQQ (slight) 0.70 0.68
Sortino edge QQQ (slight) 1.02 0.99
Treynor 0.145 0.201
Calmar edge Tie 0.28 0.28
Against the benchmark
Alpha −0.1% a year +0.1% a year
Alpha t-stat −0.58 0.80
Information ratio −0.10 0.19
Tracking error 0.4% 0.7%

Each against its own benchmark: QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026; VGT against FTEC, Nov 1, 2013 to Oct 23, 2026.

Reading

VGT returned slightly more: +2,280.1% to +2,150.0%. QQQ swung slightly less: 19.8% to 21.2%. QQQ and VGT fell about the same at their worst: −51.4% and −52.4%.

Full scorecard

19 measures, with how each is measured
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Risk and return: QQQ vs VGT: Differences, Returns & Fees
MeasureQQQVGTEdgeHow it is measured
Return
Total return+2,150.0%+2,280.1%VGT (slight)Price change plus distributions, reinvested.
Annualized+14.6%+14.9%TieTotal return as a yearly rate.
Price return+1,797.1%+1,863.7%VGT (slight)Price change alone, distributions left out.
Risk
Volatility19.8%21.2%QQQ (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation13.5%14.4%QQQ (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−51.4%−52.4%TieDeepest fall from a high to the low after it.
Upside capture100.4%100.0%Share of its benchmark's rise caught in the weeks it rose.
Downside capture100.2%99.9%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.001.00Not an edgeHow far it moves for each 1% its benchmark moves.
R squared1.001.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.700.68QQQ (slight)Return above Treasury bills per unit of volatility.
Sortino1.020.99QQQ (slight)Return above Treasury bills per unit of downside deviation.
Treynor0.1450.201Return above Treasury bills per unit of beta.
Calmar0.280.28TieAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkQQQMFTECThe ETF each fund is measured against.
Alpha−0.1% a year+0.1% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat−0.580.80Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.4% to +0.2%−0.2% to +0.5%Includes zeroThe 95% range for the yearly alpha.
Information ratio−0.100.19Return against its benchmark per unit of tracking error.
Tracking error0.4%0.7%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,185 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

53%

By the books each fund has filed, QQQ and VGT hold 53% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

53% in common

Positions both hold · largest shared weight first QQQ VGT
NVIDIA Corp 8.17% 17.58%
Apple Inc 7.88% 15.91%
Microsoft Corp 6.14% 11.16%
Micron Technology Inc 4.50% 4.45%
Advanced Micro Devices Inc 3.93% 3.67%
Broadcom Inc 2.53% 4.11%
Intel Corp 2.12% 1.98%
Cisco Systems Inc 1.89% 1.60%
Palantir Technologies Inc 1.96% 1.55%
Applied Materials Inc 1.35% 1.53%
Lam Research Corp 1.29% 1.55%
Palo Alto Networks Inc 1.41% 1.24%
Only in one fund ↓
Only in QQQ
Amazon.com Inc 4.25%
Tesla Inc 3.33%
Alphabet Inc 2.92%
Meta Platforms Inc 2.87%
Space Exploration Technologies Corp 2.74%
Alphabet Inc 2.72%
Walmart Inc 2.49%
Costco Wholesale Corp 1.89%
Only in VGT
Oracle Corp 0.85%
Arista Networks Inc 0.85%
Amphenol Corp 0.80%
International Business Machines Corp 0.77%
Salesforce Inc 0.72%
Dell Technologies Inc 0.65%
ServiceNow Inc 0.54%
Corning Inc 0.49%
Check overlap with more funds →

Side by side

QQQ Invesco QQQ Trust, Series 1 VGT Vanguard Information Tech ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Nasdaq-100 Tracks an index of Information technology
Total return, 1 year +15.2% +24.7%
Its benchmark over the same days +15.2% (QQQM) +25.0% (FTEC)
Gap to its benchmark 0.0 pts vs QQQM −0.3 pts vs FTEC
Expense ratio 0.18% 0.09%
Already in the S&P 500 95.7% 86.8%
Holdings 103 320
Net assets, QQQ as of Oct 27, 2026 and VGT as of Sep 30, 2026 $483.0bn $154.5bn

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

Client brief · page 1 of 2 Report BR-14C897646E

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

  1. What each follows. QQQ follows Nasdaq-100 Index and VGT follows MSCI US Investable Market Index (IMI)/Information Technology 25/50.
  2. One-year total return. Over 1 year to Oct 28, 2026 QQQ returned +15.2% and VGT +24.7% with distributions reinvested, a gap of 9.5 points.
  3. Number of holdings. QQQ holds 103 positions and VGT holds 320.

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.

VGT

VGT tracks an index of Information technology. Over the year to Oct 28, 2026 it returned +24.7% with distributions reinvested, against +25.0% for its benchmark, the MSCI US Investable Market Index (IMI)/Information Technology 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 320 positions, with the top ten at 63.6%. It sat 4.8% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, QQQ or VGT?
In the year to Oct 28, 2026, with distributions reinvested, QQQ returned +15.2% and VGT +24.7%.
Which is cheaper, QQQ or VGT?
VGT is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QQQ and VGT overlap with the S&P 500?
By their latest filed holdings, 96% of QQQ and 87% of VGT by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, QQQ against VGT, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqq-vs-vgt

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