Data as of Oct 28, 2026.
QQQM vs XOVR: Differences, Returns & Fees
Over the year to Oct 28, 2026, QQQM returned +15.2% to XOVR's −3.0%; 18% 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 $2.2bn on Jun 30, 2026 for ERShares Private-Public Crossover ETF.
Pair scorecard
QQQM costs 1.66 points a year less; their one-year returns differ by 18.2 points.
| Measure | QQQM | XOVR |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.2% | −3.0% |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | 6.5%, high on Oct 5, 2026 |
| Benchmark | ||
| What it tracks | Nasdaq-100 Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.15% | 1.81% |
| Net assets, QQQM as of Oct 27, 2026 and XOVR as of Jun 30, 2026 | $110.4bn | $2.2bn |
| Holdings | ||
| Holdings in common | 18% | |
| Top ten holdings, share of the fund | 46.7% | 63.1% |
Holdings in common uses holdings dated Jun 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 +33.7%. QQQM swung less: 21.0% to 27.9%. QQQM fell less at its worst: −35.0% to −56.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | QQQM | XOVR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +157.2% | +33.7% | QQQM | Price change plus distributions, reinvested. |
| Annualized | +17.0% | +4.9% | QQQM | Total return as a yearly rate. |
| Price return | +147.9% | −20.3% | QQQM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.0% | 27.9% | QQQM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.6% | 19.4% | QQQM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.0% | −56.3% | QQQM | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.70 | 0.19 | QQQM | Return above Treasury bills per unit of volatility. |
| Sortino | 1.07 | 0.28 | QQQM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.49 | 0.09 | 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 XOVR hold 18% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
18% in common
Only in one fund ↓
Side by side
QQQM and XOVR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
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.
XOVR
XOVR is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −3.0% with distributions reinvested. The prospectus expense ratio is 1.81% a year. By its holdings filed for Jun 30, 2026, 43% of the fund by weight is stocks the S&P 500 also holds, across 32 positions, with the top ten at 63.1%. It sat 6.5% below its high of Oct 5, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, QQQM or XOVR?
- In the year to Oct 28, 2026, with distributions reinvested, QQQM returned +15.2% and XOVR −3.0%.
- Which is cheaper, QQQM or XOVR?
- QQQM is cheaper, by 1.66 percentage points a year. That is about $166 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 XOVR, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqqm-vs-xovr
ETFIQ. (Oct 28, 2026). QQQM against XOVR. Retrieved from https://etfiq.com/compare/any/qqqm-vs-xovr
[QQQM against XOVR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/qqqm-vs-xovr)
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