Data as of Oct 28, 2026.
QQQM vs XLU: Differences, Returns & Fees
Over the year to Oct 28, 2026, QQQM returned +15.2% to XLU's −3.0%; 1% of their weight is in the same names.
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Net assets on Oct 27, 2026: $110.4bn for Invesco NASDAQ 100 ETF and $23.9bn for State Street Utilities Select Sector SPDR ETF.
Pair scorecard
XLU costs 0.07 points a year less; their one-year returns differ by 18.2 points; QQQM is 4.6 times larger.
| Measure | QQQM | XLU |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.2% | −3.0% |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | 9.1%, high on Feb 27, 2026 |
| Benchmark | ||
| What it tracks | Nasdaq-100 Index | Utilities Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.08% |
| Net assets, as of Oct 27, 2026 | $110.4bn | $23.9bn |
| Holdings | ||
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 46.7% | 58.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 23, 2020 to Oct 23, 2026 · 313 weekly returnsQQQM returned more: +157.2% to +57.5%. XLU swung less: 16.9% to 21.0%. XLU fell less at its worst: −23.4% to −35.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | QQQM | XLU | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +157.2% | +57.5% | QQQM | Price change plus distributions, reinvested. |
| Annualized | +17.0% | +7.8% | QQQM | Total return as a yearly rate. |
| Price return | +147.9% | +31.5% | QQQM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.0% | 16.9% | XLU | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.6% | 11.8% | XLU | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.0% | −23.4% | XLU | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.70 | 0.34 | QQQM | Return above Treasury bills per unit of volatility. |
| Sortino | 1.07 | 0.48 | QQQM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.49 | 0.33 | QQQM | 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 XLU hold 1% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
1% in common
Only in one fund ↓
Side by side
QQQM and XLU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
QQQM and XLU do different jobs. What does each one do in a portfolio?
- What each follows. QQQM follows Nasdaq-100 Index and XLU follows Utilities Select Sector Index.
- Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 QQQM returned +15.2% and XLU −3.0% with distributions reinvested, a gap of 18.2 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.
XLU
XLU tracks an index of Utilities. Over the year to Oct 28, 2026 it returned −3.0% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 32 positions, with the top ten at 58.7%. It sat 9.1% below its high of Feb 27, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, QQQM or XLU?
- In the year to Oct 28, 2026, with distributions reinvested, QQQM returned +15.2% and XLU −3.0%.
- Which is cheaper, QQQM or XLU?
- XLU is cheaper, by 0.07 percentage points a year. That is about $7 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 XLU, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqqm-vs-xlu
ETFIQ. (Oct 28, 2026). QQQM against XLU. Retrieved from https://etfiq.com/compare/any/qqqm-vs-xlu
[QQQM against XLU (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/qqqm-vs-xlu)
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