What is the expense ratio of QQQ vs QQQM?

QQQ has an expense ratio of 0.18%, while QQQM has an expense ratio of 0.15%.

QQQ vs QQQM

Invesco QQQ Trust vs Invesco NASDAQ 100 ETF

Last updated: 2026-04-02

QQQ Invesco

Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.48%. Launched in 1999, the fund has a 27-year track record.

AUM: $363.1B ER: 0.18% Yield: 0.48% Since: Mar 10, 1999

QQQM Invesco

Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a low expense ratio of 0.15%. The fund offers a modest dividend yield of 0.53%. Launched in 2020, the fund has a 6-year track record.

AUM: $66.3B ER: 0.15% Yield: 0.53% Since: Oct 13, 2020

Quick Verdict

QQQM has a slightly lower expense ratio (0.15% vs 0.18%), saving about $59 per $10,000 over 10 years. Both funds have delivered similar 1-year returns (23.6% vs 23.6%), tracking closely.

Key Metrics

Metric	QQQ	QQQM
Expense Ratio	0.18%	0.15%
Dividend Yield	0.5%	0.5%
Fund Family	Invesco	Invesco
Category	US Large Cap Growth	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

QQQ +76.5%

QQQM +76.8%

Performance Comparison

Period	QQQ	QQQM	Difference
1 Month	-3.91%	-3.91%	+0.00%
3 Months	-4.70%	-4.70%	+0.00%
6 Months	-3.13%	-3.12%	-0.01%
YTD	-4.70%	-4.70%	+0.00%
1 Year	+23.61%	+23.62%	-0.01%
3 Years	+82.51%	+82.72%	-0.21%
5 Years	+76.50%	+76.76%	-0.26%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	QQQ Fees	QQQM Fees	You Save
$10.000	10 years	$357	$298	$59
$10.000	20 years	$1.529	$1.278	$252
$10.000	30 years	$4.912	$4.109	$802
$50.000	10 years	$1.786	$1.490	$296
$50.000	30 years	$24.558	$20.547	$4.011
$100.000	30 years	$49.116	$41.094	$8.022

Risk Metrics

Based on 5 years of daily returns

Metric	QQQ	QQQM
Annualized Volatility	22.4%	22.2%
Max Drawdown	-35.6%	-35.6%
Sharpe Ratio	0.42	0.42

Dividend Comparison

Metric	QQQ	QQQM
Annual Dividend (per share)	$2.81	$1.27
Dividend Yield	0.48%	0.53%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

9 of top 9 holdings overlap (100% overlap in top holdings)

QQQ Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.55%
Apple Inc.AAPL	7.67%
Microsoft CorporationMSFT	5.56%
Amazon.com, Inc.AMZN	4.49%
Tesla, Inc.TSLA	3.79%
Walmart Inc.WMT	3.48%
Meta Platforms, Inc.META	3.26%
Alphabet Inc.GOOG	3.13%
Broadcom Inc.AVGO	2.99%

QQQM Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.48%
Apple Inc.AAPL	7.65%
Microsoft CorporationMSFT	5.63%
Amazon.com, Inc.AMZN	4.56%
Tesla, Inc.TSLA	3.75%
Walmart Inc.WMT	3.52%
Meta Platforms, Inc.META	3.34%
Alphabet Inc.GOOG	3.14%
Broadcom Inc.AVGO	2.94%

Which One Should You Choose?

Choose QQQM if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Either works if...

you just need broad us large cap growth exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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