ETF Versus

QQQM vs VUG

Invesco NASDAQ 100 ETF vs Vanguard 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
VUG Vanguard

Vanguard Growth Index Fund ETF Shares (VUG) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.03%. The fund offers a modest dividend yield of 0.45%. Launched in 2004, the fund has a 22-year track record.

AUM: $179.8B ER: 0.03% Yield: 0.45% Since: Jan 26, 2004

Quick Verdict

VUG is significantly cheaper at 0.03% vs 0.15% expense ratio, saving you approximately $238 per $10,000 invested over 10 years. Over the past year, QQQM has significantly outperformed with a 23.6% return vs 18.0%.

Key Metrics

Metric QQQM VUG
Expense Ratio 0.15% 0.03%
Dividend Yield 0.5% 0.5%
Fund Family Invesco Vanguard
Category US Large Cap Growth US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

75 99 123 147 171 195 2021-04 2022-06 2023-09 2024-12 2026-04
QQQM +76.8%
VUG +66.0%

Performance Comparison

Period QQQM VUG Difference
1 Month -3.91% -4.47% +0.56%
3 Months -4.70% -9.18% +4.48%
6 Months -3.12% -8.28% +5.16%
YTD -4.70% -9.18% +4.48%
1 Year +23.62% +18.01% +5.61%
3 Years +82.72% +77.18% +5.54%
5 Years +76.76% +66.01% +10.75%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period QQQM Fees VUG Fees You Save
$10.000 10 years $298 $60 $238
$10.000 20 years $1.278 $258 $1.020
$10.000 30 years $4.109 $835 $3.274
$50.000 10 years $1.490 $299 $1.190
$50.000 30 years $20.547 $4.176 $16.371
$100.000 30 years $41.094 $8.352 $32.742

Risk Metrics

Based on 5 years of daily returns

Metric QQQM VUG
Annualized Volatility 22.2% 22.2%
Max Drawdown -35.6% -36.0%
Sharpe Ratio 0.42 0.37

Dividend Comparison

Metric QQQM VUG
Annual Dividend (per share) $1.27 $1.99
Dividend Yield 0.53% 0.45%
Distribution Frequency Quarterly Quarterly

Top Holdings

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

QQQM Top Holdings

NameWeight
NVIDIA CorporationNVDA8.48%
Apple Inc.AAPL7.65%
Microsoft CorporationMSFT5.63%
Amazon.com, Inc.AMZN4.56%
Tesla, Inc.TSLA3.75%
Walmart Inc.WMT3.52%
Meta Platforms, Inc.META3.34%
Alphabet Inc.GOOG3.14%
Broadcom Inc.AVGO2.94%

VUG Top Holdings

NameWeight
NVIDIA CorporationNVDA12.82%
Apple Inc.AAPL12.23%
Microsoft CorporationMSFT9.15%
Alphabet Inc.GOOG4.49%
Meta Platforms, Inc.META4.44%
Amazon.com, Inc.AMZN4.41%
Broadcom Inc.AVGO3.95%
Tesla, Inc.TSLA3.58%
Eli Lilly and CompanyLLY2.82%

Which One Should You Choose?

Choose VUG 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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