Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
QQQM vs QSPT: how they differ
Over the year QQQM returned more, +23.0% against +16.1%, and QQQM charges 0.15% against 0.90%.
Invesco NASDAQ 100 ETF and FT Vest Nasdaq-100® Buffer ETF - September.
| QQQM Invesco NASDAQ 100 ETF | QSPT FT Vest Nasdaq-100® Buffer ETF - September | |
|---|---|---|
| Where it sits | Core index fund | Buffer ETF |
| Issuer | Invesco | First Trust |
| What it is | Nasdaq-100 | Defined outcome, 10% on QQQ |
| Total return, 1 year | +23.0% | +16.1% |
| S&P 500 over the same days | +17.5% | +23.0% |
| Gap to the S&P 500 | +5.5 pts | −6.9 pts |
| Expense ratio | 0.15% | 0.90% |
| Holdings | 106 | not filed |
QQQM in plain words
QQQM is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 106 positions, with the top ten at 47.1%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
QSPT in plain words
QQQ had already risen past this fund's cap of +17.0% for the period on Sep 13, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 0.3% as the period runs out. The fund's price can fall 14.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, QQQ can fall 16.2% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's QQQ level. 7 days remained on Sep 13, 2026. On Sep 18, 2026 the period ends and a new cap is set.
Questions people ask
- Which returned more over the last year, QQQM or QSPT?
- In the year to Sep 13, 2026, with distributions reinvested, QQQM returned +23.0% and QSPT returned +16.1%, so QQQM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQM or QSPT?
- QQQM charges 0.15% a year and QSPT charges 0.90%, so QQQM is cheaper. Fees come from each fund's prospectus.
- Are QQQM and QSPT the same kind of fund?
- No. QQQM is an index ETF and QSPT is a buffer ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QQQM against QSPT, data as of Sep 13, 2026. https://etfiq.com/compare/any/qqqm-vs-qspt Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources