Data as of Oct 28, 2026.

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QQQ vs VOOG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QQQ returned +15.2% to VOOG's +12.1%; 55% 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 $27.8bn on Sep 30, 2026 for Vanguard S&P 500 Growth ETF.

At a glance
+15.2%
QQQ total return, 1 year
+12.1%
VOOG total return, 1 year
0.18%
QQQ expense ratio
0.05%
VOOG expense ratio

Pair scorecard

VOOG costs 0.13 points a year less; their one-year returns differ by 3.1 points.

QQQ vs VOOG: Differences, Returns & Fees
MeasureQQQVOOG
Return
Total return, 1 year+15.2%+12.1%
Drawdown
Below its high4.5%, high on Oct 6, 20264.1%, high on Oct 6, 2026
Benchmark
What it tracksNasdaq-100 IndexS&P 500 Growth Index
Cost and size
Expense ratio0.18%0.05%
Net assets, QQQ as of Oct 27, 2026 and VOOG as of Sep 30, 2026$483.0bn$27.8bn
Holdings
Holdings in common55%
Top ten holdings, share of the fund46.7%60.2%

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

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns
QQQ VOOG
Return
Total return edge QQQ +1,583.3% +1,043.0%
Annualized edge QQQ +19.1% +16.3%
Price return edge QQQ +1,367.7% +845.5%
Risk
Volatility edge VOOG (slight) 19.0% 17.5%
Max drawdown edge VOOG (slight) −35.1% −32.0%
Downside capture 100.2% 99.7%
Beta 1.00 1.00
Risk-adjusted
Sharpe edge QQQ (slight) 0.93 0.86
Sortino edge QQQ (slight) 1.41 1.28
Treynor 0.145 0.151
Calmar edge QQQ (slight) 0.54 0.51
Against the benchmark
Alpha −0.1% a year +0.1% a year
Alpha t-stat −0.58 0.33
Information ratio −0.10 0.06
Tracking error 0.4% 0.9%

Each against its own benchmark: QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026; VOOG against IVW, Sep 17, 2010 to Oct 23, 2026.

Reading

QQQ returned more: +1,583.3% to +1,043.0%. VOOG swung slightly less: 17.5% to 19.0%. VOOG fell slightly less at its worst: −32.0% to −35.1%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: QQQ vs VOOG: Differences, Returns & Fees
MeasureQQQVOOGEdgeHow it is measured
Return
Total return+1,583.3%+1,043.0%QQQPrice change plus distributions, reinvested.
Annualized+19.1%+16.3%QQQTotal return as a yearly rate.
Price return+1,367.7%+845.5%QQQPrice change alone, distributions left out.
Risk
Volatility19.0%17.5%VOOG (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation12.5%11.7%VOOG (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−35.1%−32.0%VOOG (slight)Deepest fall from a high to the low after it.
Upside capture100.4%99.6%Share of its benchmark's rise caught in the weeks it rose.
Downside capture100.2%99.7%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
Sharpe0.930.86QQQ (slight)Return above Treasury bills per unit of volatility.
Sortino1.411.28QQQ (slight)Return above Treasury bills per unit of downside deviation.
Treynor0.1450.151Return above Treasury bills per unit of beta.
Calmar0.540.51QQQ (slight)Annualized return divided by the max drawdown.
Against the benchmark
BenchmarkQQQMIVWThe 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−0.580.33Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.4% to +0.2%−0.4% to +0.5%Includes zeroThe 95% range for the yearly alpha.
Information ratio−0.100.06Return against its benchmark per unit of tracking error.
Tracking error0.4%0.9%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

55%

By the books each fund has filed, QQQ and VOOG hold 55% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

55% in common

Positions both hold · largest shared weight first QQQ VOOG
NVIDIA Corp 8.17% 15.01%
Apple Inc 7.88% 6.60%
Microsoft Corp 6.14% 10.34%
Amazon.com Inc 4.25% 3.52%
Micron Technology Inc 4.50% 3.27%
Alphabet Inc 2.92% 5.48%
Meta Platforms Inc 2.87% 4.34%
Alphabet Inc 2.72% 4.39%
Advanced Micro Devices Inc 3.93% 2.71%
Broadcom Inc 2.53% 4.54%
Tesla Inc 3.33% 1.68%
Palantir Technologies Inc 1.96% 1.17%
Only in one fund ↓
Only in QQQ
Space Exploration Technologies Corp 2.74%
Walmart Inc 2.49%
Intel Corp 2.12%
Costco Wholesale Corp 1.89%
Texas Instruments Inc 1.21%
Linde PLC 1.01%
Analog Devices Inc 0.89%
Shopify Inc 0.86%
Only in VOOG
Berkshire Hathaway Inc 2.52%
Eli Lilly & Co 2.51%
JPMorgan Chase & Co 1.62%
Johnson & Johnson 1.02%
Caterpillar Inc 1.01%
Visa Inc 0.91%
Mastercard Inc 0.81%
GE Vernova Inc 0.69%
Check overlap with more funds →

Side by side

QQQ Invesco QQQ Trust, Series 1 VOOG Vanguard S&P 500 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Nasdaq-100 Tracks the S&P 500 Growth
Total return, 1 year +15.2% +12.1%
Its benchmark over the same days +15.2% (QQQM) +12.1% (IVW)
Gap to its benchmark 0.0 pts vs QQQM 0.0 pts vs IVW
Expense ratio 0.18% 0.05%
Already in the S&P 500 95.7% 99.8%
Holdings 103 154
Net assets, QQQ as of Oct 27, 2026 and VOOG as of Sep 30, 2026 $483.0bn $27.8bn

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

Client brief · page 1 of 2 Report BR-89C1AE1284

QQQ and VOOG 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 VOOG follows S&P 500 Growth Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 QQQ returned +15.2% and VOOG +12.1% with distributions reinvested, a gap of 3.1 points.
  3. Cost. QQQ charges 0.18% of assets a year and VOOG 0.05%, a gap of 0.13 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.

VOOG

VOOG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 154 positions, with the top ten at 60.2%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, QQQ or VOOG?
In the year to Oct 28, 2026, with distributions reinvested, QQQ returned +15.2% and VOOG +12.1%.
Which is cheaper, QQQ or VOOG?
VOOG is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QQQ and VOOG overlap with the S&P 500?
By their latest filed holdings, 96% of QQQ and 100% of VOOG by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, QQQ against VOOG, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqq-vs-voog

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