Data as of Oct 28, 2026.

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QQQM vs VBR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QQQM returned +15.2% to VBR's +17.6%; 0% of their weight is in the same names.

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Net assets: $110.4bn on Oct 27, 2026 for Invesco NASDAQ 100 ETF, and $35.1bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Value ETF.

At a glance
+15.2%
QQQM total return, 1 year
+17.6%
VBR total return, 1 year
0.15%
QQQM expense ratio
0.05%
VBR expense ratio

Pair scorecard

VBR costs 0.10 points a year less; their one-year returns differ by 2.4 points.

QQQM vs VBR: Differences, Returns & Fees
MeasureQQQMVBR
Return
Total return, 1 year+15.2%+17.6%
Drawdown
Below its high4.5%, high on Oct 6, 20263.9%, high on Aug 14, 2026
Benchmark
What it tracksNasdaq-100 IndexMorningstar US Small Cap Value Index
Cost and size
Expense ratio0.15%0.05%
Net assets, QQQM as of Oct 27, 2026 and VBR as of Sep 30, 2026$110.4bn$35.1bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund46.7%5.9%

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

Risk and return

Oct 23, 2020 to Oct 23, 2026 · 313 weekly returns
QQQM VBR
Return
Total return edge QQQM +157.2% +124.5%
Annualized edge QQQM +17.0% +14.4%
Price return edge QQQM +147.9% +98.4%
Risk
Volatility edge VBR 21.0% 18.7%
Max drawdown edge VBR −35.0% −21.2%
Risk-adjusted
Sharpe edge QQQM (slight) 0.70 0.64
Sortino edge QQQM 1.07 0.94
Calmar edge VBR 0.49 0.68
Reading

QQQM returned more: +157.2% to +124.5%. VBR swung less: 18.7% to 21.0%. VBR fell less at its worst: −21.2% to −35.0%.

Full scorecard

9 measures, with how each is measured
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Risk and return: QQQM vs VBR: Differences, Returns & Fees
MeasureQQQMVBREdgeHow it is measured
Return
Total return+157.2%+124.5%QQQMPrice change plus distributions, reinvested.
Annualized+17.0%+14.4%QQQMTotal return as a yearly rate.
Price return+147.9%+98.4%QQQMPrice change alone, distributions left out.
Risk
Volatility21.0%18.7%VBRSpread of weekly returns, annualized. Lower is steadier.
Downside deviation13.6%12.6%VBR (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−35.0%−21.2%VBRDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.700.64QQQM (slight)Return above Treasury bills per unit of volatility.
Sortino1.070.94QQQMReturn above Treasury bills per unit of downside deviation.
Calmar0.490.68VBRAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 313 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, QQQM and VBR hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first QQQM VBR
Moderna Inc 0.36% 0.79%
Only in one fund ↓
Only in QQQM
NVIDIA Corp 8.17%
Apple Inc 7.88%
Microsoft Corp 6.14%
Micron Technology Inc 4.50%
Amazon.com Inc 4.25%
Advanced Micro Devices Inc 3.93%
Tesla Inc 3.33%
Alphabet Inc 2.93%
Only in VBR
Jabil Inc 0.68%
SLCMT1142 0.62%
Williams-Sonoma Inc 0.61%
Atmos Energy Corp 0.60%
F5 Inc 0.57%
Smurfit Westrock PLC 0.53%
Tapestry Inc 0.52%
Tenet Healthcare Corp 0.47%
Check overlap with more funds →

Side by side

QQQM Invesco NASDAQ 100 ETF VBR Vanguard Morningstar Small-Cap Value ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Nasdaq-100 Tracks an index of Small-Cap Value
Total return, 1 year +15.2% +17.6%
Its benchmark over the same days +15.2% (QQQ) not measured
Gap to its benchmark 0.0 pts vs QQQ not measured
Expense ratio 0.15% 0.05%
Already in the S&P 500 95.7% 30.4%
Holdings 105 822
Net assets, QQQM as of Oct 27, 2026 and VBR as of Sep 30, 2026 $110.4bn $35.1bn

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

Client brief · page 1 of 2 Report BR-556764ED23

QQQM and VBR do different jobs. What does each one do in a portfolio?

  1. What each follows. QQQM follows Nasdaq-100 Index and VBR follows Morningstar US Small Cap Value Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 QQQM returned +15.2% and VBR +17.6% with distributions reinvested, a gap of 2.4 points.

Data as of Oct 28, 2026.

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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.

VBR

VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, QQQM or VBR?
In the year to Oct 28, 2026, with distributions reinvested, QQQM returned +15.2% and VBR +17.6%.
Which is cheaper, QQQM or VBR?
VBR is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QQQM and VBR overlap with the S&P 500?
By their latest filed holdings, 96% of QQQM and 30% of VBR by weight is stocks the S&P 500 already holds.
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ETFIQ, QQQM against VBR, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqqm-vs-vbr

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