What is the expense ratio of QQQM vs VONG?

QQQM has an expense ratio of 0.15%, while VONG has an expense ratio of 0.06%.

QQQM vs VONG

Invesco NASDAQ 100 ETF vs Vanguard Russell 1000 Growth Index Fund ETF Shares

Last updated: 2026-04-02

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

VONG

Vanguard Russell 1000 Growth Index Fund ETF Shares (VONG) is an exchange-traded fund that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a low expense ratio of 0.06%. The fund offers a modest dividend yield of 0.50%. Launched in 2010, the fund has a 16-year track record.

AUM: $35.8B ER: 0.06% Yield: 0.50% Since: Sep 20, 2010

Quick Verdict

VONG has a slightly lower expense ratio (0.06% vs 0.15%), saving about $178 per $10,000 over 10 years. Over the past year, QQQM has significantly outperformed with a 23.6% return vs 18.1%.

Key Metrics

Metric	QQQM	VONG
Expense Ratio	0.15%	0.06%
Dividend Yield	0.5%	0.5%
Fund Family	Invesco	N/A
Category	US Large Cap Growth	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

QQQM +76.8%

VONG +71.4%

Performance Comparison

Period	QQQM	VONG	Difference
1 Month	-3.91%	-4.74%	+0.83%
3 Months	-4.70%	-8.85%	+4.15%
6 Months	-3.12%	-8.46%	+5.34%
YTD	-4.70%	-8.85%	+4.15%
1 Year	+23.62%	+18.14%	+5.48%
3 Years	+82.72%	+75.87%	+6.85%
5 Years	+76.76%	+71.39%	+5.37%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	QQQM Fees	VONG Fees	You Save
$10.000	10 years	$298	$120	$178
$10.000	20 years	$1.278	$515	$763
$10.000	30 years	$4.109	$1.664	$2.446
$50.000	10 years	$1.490	$598	$892
$50.000	30 years	$20.547	$8.318	$12.229
$100.000	30 years	$41.094	$16.637	$24.458

Risk Metrics

Based on 5 years of daily returns

Metric	QQQM	VONG
Annualized Volatility	22.2%	21.3%
Max Drawdown	-35.6%	-33.2%
Sharpe Ratio	0.42	0.40

Dividend Comparison

Metric	QQQM	VONG
Annual Dividend (per share)	$1.27	$0.56
Dividend Yield	0.53%	0.50%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

8 of top 9 holdings overlap (89% overlap in top holdings)

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%

VONG Top Holdings

Name	Weight
NVIDIA CorporationNVDA	12.18%
Apple Inc.AAPL	11.35%
Microsoft CorporationMSFT	8.64%
Broadcom Inc.AVGO	4.59%
Amazon.com, Inc.AMZN	4.33%
Meta Platforms, Inc.META	3.76%
Tesla, Inc.TSLA	3.58%
Eli Lilly and CompanyLLY	2.94%
Alphabet Inc.GOOG	2.92%

Which One Should You Choose?

Choose VONG if...

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

Choose QQQM if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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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