Data as of Oct 28, 2026.

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QQQ vs VNQ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QQQ returned +15.2% to VNQ's +4.8%; 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 $35.9bn on Sep 30, 2026 for Vanguard Real Estate ETF.

At a glance
+15.2%
QQQ total return, 1 year
+4.8%
VNQ total return, 1 year
0.18%
QQQ expense ratio
0.13%
VNQ expense ratio

Pair scorecard

VNQ costs 0.05 points a year less; their one-year returns differ by 10.4 points.

QQQ vs VNQ: Differences, Returns & Fees
MeasureQQQVNQ
Return
Total return, 1 year+15.2%+4.8%
Drawdown
Below its high4.5%, high on Oct 6, 20268.3%, high on Jul 28, 2026
Benchmark
What it tracksNasdaq-100 IndexMSCI US Investable Market Real Estate 25/50 Index
Cost and size
Expense ratio0.18%0.13%
Net assets, QQQ as of Oct 27, 2026 and VNQ as of Sep 30, 2026$483.0bn$35.9bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund46.7%55.8%

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

Risk and return

Oct 8, 2004 to Oct 23, 2026 · 1,150 weekly returns
QQQ VNQ
Return
Total return edge QQQ +2,248.0% +364.5%
Annualized edge QQQ +15.3% +7.2%
Price return edge QQQ +1,879.8% +80.5%
Risk
Volatility edge QQQ 19.8% 25.0%
Max drawdown edge QQQ −51.4% −72.5%
Risk-adjusted
Sharpe edge QQQ 0.73 0.33
Sortino edge QQQ 1.07 0.48
Calmar edge QQQ 0.30 0.10
Reading

QQQ returned more: +2,248.0% to +364.5%. QQQ swung less: 19.8% to 25.0%. QQQ fell less at its worst: −51.4% to −72.5%.

Full scorecard

9 measures, with how each is measured
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Risk and return: QQQ vs VNQ: Differences, Returns & Fees
MeasureQQQVNQEdgeHow it is measured
Return
Total return+2,248.0%+364.5%QQQPrice change plus distributions, reinvested.
Annualized+15.3%+7.2%QQQTotal return as a yearly rate.
Price return+1,879.8%+80.5%QQQPrice change alone, distributions left out.
Risk
Volatility19.8%25.0%QQQSpread of weekly returns, annualized. Lower is steadier.
Downside deviation13.5%17.3%QQQLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−51.4%−72.5%QQQDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.730.33QQQReturn above Treasury bills per unit of volatility.
Sortino1.070.48QQQReturn above Treasury bills per unit of downside deviation.
Calmar0.300.10QQQAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,150 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, QQQ and VNQ 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 VNQ
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 VNQ
Vanguard Real Estate II Index Fund 14.51%
Welltower Inc 9.12%
Prologis Inc 6.86%
Equinix Inc 5.65%
American Tower Corp 4.32%
Simon Property Group Inc 3.69%
Digital Realty Trust Inc 3.68%
Realty Income Corp 2.85%
Check overlap with more funds →

Side by side

QQQ Invesco QQQ Trust, Series 1 VNQ Vanguard Real Estate ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Nasdaq-100 Tracks an index of US real estate
Total return, 1 year +15.2% +4.8%
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% 0.13%
Already in the S&P 500 95.7% 62.8%
Holdings 103 141
Net assets, QQQ as of Oct 27, 2026 and VNQ as of Sep 30, 2026 $483.0bn $35.9bn

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

Client brief · page 1 of 2 Report BR-18A6CCB4F7

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

  1. What each follows. QQQ follows Nasdaq-100 Index and VNQ follows MSCI US Investable Market Real Estate 25/50 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 VNQ +4.8% with distributions reinvested, a gap of 10.4 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.

VNQ

VNQ tracks an index of US real estate. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer as of Sep 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 141 positions, with the top ten at 55.8%. It sat 8.3% below its high of Jul 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, QQQ or VNQ?
In the year to Oct 28, 2026, with distributions reinvested, QQQ returned +15.2% and VNQ +4.8%.
Which is cheaper, QQQ or VNQ?
VNQ is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QQQ and VNQ overlap with the S&P 500?
By their latest filed holdings, 96% of QQQ and 63% of VNQ by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, QQQ against VNQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqq-vs-vnq

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