Data as of Oct 28, 2026.
QQQ vs XME: Differences, Returns & Fees
Over the year to Oct 28, 2026, QQQ returned +15.2% to XME's +3.4%, and QQQ charges 0.18% to XME's 0.35%.
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Net assets on Oct 27, 2026: $483.0bn for Invesco QQQ Trust, Series 1 and $3.8bn for State Street SPDR S&P Metals & Mining ETF.
Pair scorecard
QQQ costs 0.17 points a year less; their one-year returns differ by 11.8 points; QQQ is far larger, $483.0bn against $3.8bn.
| Measure | QQQ | XME |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.2% | +3.4% |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Below its all-time high | 23.6%, high on Jun 2, 2026 | |
| Against its benchmark | ||
| What it tracks | Nasdaq-100 Index | Miners and metals |
| Against the S&P 500, 1 year | behind by 10.3 pts | |
| Against its benchmark, 1 year | behind by 10.3 pts | |
| Cost and size | ||
| Expense ratio | 0.18% | 0.35% |
| Net assets, as of Oct 27, 2026 | $483.0bn | $3.8bn |
| Active share vs the S&P 500 | 100% | |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 46.7% | 53% |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, QQQ and XME hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
QQQ and XME on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
XME
By weight, 21% of XME's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 53% of the fund across 38 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +3.4% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 10.3 pts. It sits 23.6% below its all-time high of Jun 2, 2026.
Questions people ask
- Are QQQ and XME in the same category?
- QQQ is a stock ETF and XME is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, QQQ or XME?
- In the year to Oct 28, 2026, with distributions reinvested, QQQ returned +15.2% and XME +3.4%.
- Which is cheaper, QQQ or XME?
- QQQ is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, QQQ against XME, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqq-vs-xme
ETFIQ. (Oct 28, 2026). QQQ against XME. Retrieved from https://etfiq.com/compare/any/qqq-vs-xme
[QQQ against XME (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/qqq-vs-xme)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.