Which returned more over the last year, QQQM or SLV?

In the year to Oct 28, 2026, with distributions reinvested, QQQM returned +15.2% and SLV +14.9%.

Which is cheaper, QQQM or SLV?

QQQM is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

QQQM vs SLV: Differences, Returns & Fees

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QQQM is an equity index fund and SLV a commodity fund, and over the year to Oct 28, 2026, QQQM returned +15.2% against +14.9%.

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Net assets: $110.4bn on Oct 27, 2026 for Invesco NASDAQ 100 ETF, and $26.9bn on Oct 28, 2026 for iShares Silver Trust.

QQQM on its own →SLV on its own →

At a glance

+15.2%

QQQM total return, 1 year

+14.9%

SLV total return, 1 year

0.15%

QQQM expense ratio

0.50%

SLV expense ratio

Pair scorecard

QQQM costs 0.35 points a year less; their one-year returns differ by 0.3 points; QQQM is 4.2 times larger.

QQQM vs SLV: Differences, Returns & Fees
Measure	QQQM	SLV
Return
Measure	QQQM	SLV
Total return, 1 year	+15.2%	+14.9%
Drawdown
Measure	QQQM	SLV
Below its high	4.5%, high on Oct 6, 2026	53.5%, high on Jan 28, 2026
Benchmark
Measure	QQQM	SLV
What it tracks	Nasdaq-100 Index	Silver
Cost and size
Measure	QQQM	SLV
Expense ratio	0.15%	0.50%
Net assets, as of Oct 27, 2026	$110.4bn	$26.5bn
Holdings
Measure	QQQM	SLV
Holdings in common	not published
In the S&P 500, by weight	96%
Top ten holdings, share of the fund	46.7%

Method

Side by side

QQQM Invesco NASDAQ 100 ETF SLV iShares Silver Trust

Where it sits Stock ETF Commodity ETF

Issuer Invesco iShares

What it is Tracks the Nasdaq-100 Holds silver

Total return, 1 year +15.2% +14.9%

Its benchmark over the same days +15.2% (QQQ) +15.0% (SIVR)

Gap to its benchmark 0.0 pts vs QQQ −0.1 pts vs SIVR

Expense ratio 0.15% 0.50%

Holdings 105 not counted

Net assets, QQQM as of Oct 27, 2026 and SLV as of Oct 28, 2026 $110.4bn $26.9bn

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

Alert

About each fund

QQQM

QQQM 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 0.15% 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 105 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.

SLV

Its expense ratio is 0.50% a year, for the three months to Jun 30, 2026, as its 10-Q states.

SLV holds silver. Over the year to Oct 28, 2026 it returned +14.9% with distributions reinvested, against +15.0% for its benchmark, the price of silver. It sat 53.5% below its high of Jan 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, QQQM or SLV?: In the year to Oct 28, 2026, with distributions reinvested, QQQM returned +15.2% and SLV +14.9%.
Which is cheaper, QQQM or SLV?: QQQM is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

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Where to next

QQQM on its own →SLV on its own →Hold both: look the portfolio through →Rankings →QQQM dividend history →QQQM holdings →Standards and sources →

Sources and dates

QQQM filings on SEC EDGAR ↗

QQQM prospectus with the expense ratio (SEC) ↗

Invesco page for QQQM ↗

iShares page for SLV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, QQQM against SLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqqm-vs-slv

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