Data as of Oct 28, 2026.
QQQM vs VOE: Differences, Returns & Fees
Over the year to Oct 28, 2026, QQQM returned +15.2% to VOE's +22.8%; 3% 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 $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF.
Pair scorecard
VOE costs 0.10 points a year less; their one-year returns differ by 7.6 points.
| Measure | QQQM | VOE |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.2% | +22.8% |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Nasdaq-100 Index | Morningstar US Mid Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.05% |
| Net assets, QQQM as of Oct 27, 2026 and VOE as of Sep 30, 2026 | $110.4bn | $22.8bn |
| Holdings | ||
| Holdings in common | 3% | |
| Top ten holdings, share of the fund | 46.7% | 14.0% |
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 returnsQQQM returned more: +157.2% to +119.9%. VOE swung less: 15.6% to 21.0%. VOE fell less at its worst: −18.9% to −35.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | QQQM | VOE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +157.2% | +119.9% | QQQM | Price change plus distributions, reinvested. |
| Annualized | +17.0% | +14.0% | QQQM | Total return as a yearly rate. |
| Price return | +147.9% | +92.9% | QQQM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.0% | 15.6% | VOE | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.6% | 10.6% | VOE | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.0% | −18.9% | VOE | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.70 | 0.71 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 1.07 | 1.04 | QQQM (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.49 | 0.74 | VOE | Annualized 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
By the books each fund has filed, QQQM and VOE hold 3% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
3% in common
Only in one fund ↓
Side by side
QQQM and VOE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
QQQM and VOE do different jobs. What does each one do in a portfolio?
- What each follows. QQQM follows Nasdaq-100 Index and VOE follows Morningstar US Mid Cap Value Index.
- Holdings in common. 3% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 QQQM returned +15.2% and VOE +22.8% with distributions reinvested, a gap of 7.6 points.
Data as of Oct 28, 2026.
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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.
VOE
VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.
Questions people ask
- Which returned more over the last year, QQQM or VOE?
- In the year to Oct 28, 2026, with distributions reinvested, QQQM returned +15.2% and VOE +22.8%.
- Which is cheaper, QQQM or VOE?
- VOE 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.
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, QQQM against VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqqm-vs-voe
ETFIQ. (Oct 28, 2026). QQQM against VOE. Retrieved from https://etfiq.com/compare/any/qqqm-vs-voe
[QQQM against VOE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/qqqm-vs-voe)
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