Data as of Oct 28, 2026.

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QQQ vs VONG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QQQ returned +15.2% to VONG's +1.1%; 59% 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 $47.1bn on Sep 30, 2026 for Vanguard Russell 1000 Growth ETF.

At a glance
+15.2%
QQQ total return, 1 year
+1.1%
VONG total return, 1 year
0.18%
QQQ expense ratio
0.06%
VONG expense ratio

Pair scorecard

VONG costs 0.12 points a year less; their one-year returns differ by 14.1 points.

QQQ vs VONG: Differences, Returns & Fees
MeasureQQQVONG
Return
Total return, 1 year+15.2%+1.1%
Drawdown
Below its high4.5%, high on Oct 6, 20264.8%, high on Oct 6, 2026
Benchmark
What it tracksNasdaq-100 IndexRussell 1000 Growth Index
Cost and size
Expense ratio0.18%0.06%
Net assets, QQQ as of Oct 27, 2026 and VONG as of Sep 30, 2026$483.0bn$47.1bn
Holdings
Holdings in common59%
Top ten holdings, share of the fund46.7%57.6%

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

Risk and return

Oct 1, 2010 to Oct 23, 2026 · 838 weekly returns
QQQ VONG
Return
Total return edge QQQ +1,548.5% +1,017.5%
Annualized edge QQQ +19.0% +16.2%
Price return edge QQQ +1,337.3% +840.0%
Risk
Volatility edge VONG (slight) 19.0% 17.9%
Max drawdown edge VONG (slight) −35.1% −32.5%
Downside capture 100.2% 99.8%
Beta 1.00 0.99
Risk-adjusted
Sharpe edge QQQ (slight) 0.93 0.84
Sortino edge QQQ 1.41 1.25
Treynor 0.145 0.151
Calmar edge QQQ (slight) 0.54 0.50
Against the benchmark
Alpha −0.1% a year +0.2% a year
Alpha t-stat −0.58 0.76
Information ratio −0.10 0.11
Tracking error 0.4% 1.0%

Each against its own benchmark: QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026; VONG against IWF, Oct 1, 2010 to Oct 23, 2026.

Reading

QQQ returned more: +1,548.5% to +1,017.5%. VONG swung slightly less: 17.9% to 19.0%. VONG fell slightly less at its worst: −32.5% to −35.1%.

Full scorecard

19 measures, with how each is measured
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Risk and return: QQQ vs VONG: Differences, Returns & Fees
MeasureQQQVONGEdgeHow it is measured
Return
Total return+1,548.5%+1,017.5%QQQPrice change plus distributions, reinvested.
Annualized+19.0%+16.2%QQQTotal return as a yearly rate.
Price return+1,337.3%+840.0%QQQPrice change alone, distributions left out.
Risk
Volatility19.0%17.9%VONG (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation12.5%12.0%VONG (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−35.1%−32.5%VONG (slight)Deepest fall from a high to the low after it.
Upside capture100.4%99.9%Share of its benchmark's rise caught in the weeks it rose.
Downside capture100.2%99.8%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.000.99Not 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
Sharpe0.930.84QQQ (slight)Return above Treasury bills per unit of volatility.
Sortino1.411.25QQQReturn above Treasury bills per unit of downside deviation.
Treynor0.1450.151Return above Treasury bills per unit of beta.
Calmar0.540.50QQQ (slight)Annualized return divided by the max drawdown.
Against the benchmark
BenchmarkQQQMIWFThe ETF each fund is measured against.
Alpha−0.1% a year+0.2% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat−0.580.76Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.4% to +0.2%−0.3% to +0.7%Includes zeroThe 95% range for the yearly alpha.
Information ratio−0.100.11Return against its benchmark per unit of tracking error.
Tracking error0.4%1.0%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 838 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

59%

By the books each fund has filed, QQQ and VONG hold 59% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

59% in common

Positions both hold · largest shared weight first QQQ VONG
NVIDIA Corp 8.17% 15.63%
Apple Inc 7.88% 7.65%
Microsoft Corp 6.14% 5.59%
Micron Technology Inc 4.50% 3.52%
Tesla Inc 3.33% 3.04%
Alphabet Inc 2.92% 5.88%
Advanced Micro Devices Inc 3.93% 2.92%
Meta Platforms Inc 2.87% 3.83%
Alphabet Inc 2.72% 4.75%
Broadcom Inc 2.53% 4.79%
Palantir Technologies Inc 1.96% 1.22%
Lam Research Corp 1.29% 1.21%
Only in one fund ↓
Only in QQQ
Intel Corp 2.12%
Cisco Systems Inc 1.89%
Linde PLC 1.01%
Shopify Inc 0.86%
Gilead Sciences Inc 0.85%
QUALCOMM Inc 0.83%
T-Mobile US Inc 0.68%
ASML Holding NV 0.66%
Only in VONG
Eli Lilly & Co 2.71%
Visa Inc 1.69%
Mastercard Inc 1.31%
Caterpillar Inc 1.08%
General Electric Co 0.95%
GE Vernova Inc 0.75%
Oracle Corp 0.69%
Arista Networks Inc 0.62%
Check overlap with more funds →

Side by side

QQQ Invesco QQQ Trust, Series 1 VONG Vanguard Russell 1000 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Nasdaq-100 Tracks the Russell 1000 Growth
Total return, 1 year +15.2% +1.1%
Its benchmark over the same days +15.2% (QQQM) +0.9% (IWF)
Gap to its benchmark 0.0 pts vs QQQM +0.2 pts vs IWF
Expense ratio 0.18% 0.06%
Already in the S&P 500 95.7% 95.5%
Holdings 103 373
Net assets, QQQ as of Oct 27, 2026 and VONG as of Sep 30, 2026 $483.0bn $47.1bn

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

Client brief · page 1 of 2 Report BR-E7BD479D3C

QQQ and VONG are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. QQQ follows Nasdaq-100 Index and VONG follows Russell 1000 Growth Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 QQQ returned +15.2% and VONG +1.1% with distributions reinvested, a gap of 14.1 points.
  3. Number of holdings. QQQ holds 103 positions and VONG holds 373.

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.

VONG

VONG tracks the Russell 1000 Growth. Over the year to Oct 28, 2026 it returned +1.1% with distributions reinvested, against +0.9% for its benchmark, the Russell 1000 Growth Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 373 positions, with the top ten at 57.6%. 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 VONG?
In the year to Oct 28, 2026, with distributions reinvested, QQQ returned +15.2% and VONG +1.1%.
Which is cheaper, QQQ or VONG?
VONG is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QQQ and VONG overlap with the S&P 500?
By their latest filed holdings, 96% of QQQ and 96% of VONG by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, QQQ against VONG, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqq-vs-vong

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