Invesco NASDAQ Future Gen 200 ETF (QQQS) belongs to the Small Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QQQS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QQQS
QQQS charges 0.20% annually. There are 14 ETFs in the Small Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Small-Cap ETF | 0.03% | 188.20B | Jan 2004 | QQQS vs VB | |
| State Street SPDR Portfolio S&P 600 Small Cap ETF | 0.03% | 17.00B | Jul 2013 | QQQS vs SPSM | |
| Schwab U.S. Small-Cap ETF | 0.04% | 22.23B | Nov 2009 | QQQS vs SCHA | |
| iShares Morningstar Small-Cap ETF | 0.04% | 282.21M | Jun 2004 | QQQS vs ISCB | |
| Vanguard Russell 2000 ETF | 0.06% | 18.60B | Sep 2010 | QQQS vs VTWO |
Best Risk-Adjusted Alternatives to QQQS
QQQS has a PortfoliosLab risk / return rank of 88. There are 15 ETFs in the Small Cap Blend Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 96 | — | Jun 2025 | QQQS vs RB | |
| First Trust Small Cap Core AlphaDEX Fund | 95 | 1.37B | May 2007 | QQQS vs FYX | |
| Victoryshares Small Cap Free Cash Flow ETF | 94 | 684.65M | Dec 2023 | QQQS vs SFLO | |
| Hartford Multifactor Small Cap ETF | 94 | 61.48M | Mar 2015 | QQQS vs ROSC | |
| Avantis US Small Cap Equity ETF | 94 | 3.05B | Jan 2022 | QQQS vs AVSC |
Top Performing QQQS Alternatives (YTD)
QQQS is at 25.90% YTD. There are 9 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 56.19%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | 56.19% | 1.35B | Nov 2008 | QQQS vs TNA | |
| Victoryshares Small Cap Free Cash Flow ETF | 30.25% | 684.65M | Dec 2023 | QQQS vs SFLO | |
| Inspire Small/Mid Cap Impact ETF | 30.08% | 334.88M | Feb 2017 | QQQS vs ISMD | |
| Allspring SMID Core ETF | 29.71% | 78.82M | Jul 2025 | QQQS vs ASCE | |
| First Trust Small Cap Core AlphaDEX Fund | 28.12% | 1.37B | May 2007 | QQQS vs FYX |
Lowest Volatility Alternatives to QQQS
QQQS has 27.38% 1-year volatility. There are 70 ETFs in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.56% | — | Jun 2025 | QQQS vs RB | |
| iShares MSCI USA Small-Cap Min Vol Factor ETF | 9.73% | 288.96M | Sep 2016 | QQQS vs SMMV | |
| Global X Russell 2000 Covered Call ETF | 10.58% | 1.37B | Apr 2019 | QQQS vs RYLD | |
| First Trust Horizon Managed Volatility Small/Mid E... | 10.73% | 35.21M | Apr 2020 | QQQS vs HSMV | |
| CresAlta Small & Mid-Cap ETF | 11.58% | 88.99M | May 2026 | QQQS vs CVSM |
Lowest Drawdown Alternatives to QQQS
QQQS has a 1-year max drawdown of -13.63%. There are 60 ETFs in the Small Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -2.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | -2.09% | — | Jun 2025 | QQQS vs RB | |
| Global X Russell 2000 Covered Call ETF | -6.29% | 1.37B | Apr 2019 | QQQS vs RYLD | |
| Hypatia Women CEO ETF | -6.96% | 5.55M | Jan 2023 | QQQS vs WCEO | |
| iShares MSCI USA Small-Cap Min Vol Factor ETF | -7.02% | 288.96M | Sep 2016 | QQQS vs SMMV | |
| 6 Meridian Small Cap Equity ETF | -7.16% | 106.31M | May 2020 | QQQS vs SIXS |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $453B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 14.23% | 452.80B | Mar 1999 | QQQS vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 51 | 22.35% | 21.05B | Oct 2015 | QQQS vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 14.26% | 97.11B | Oct 2020 | QQQS vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 79 | 14.26% | 96.96B | Apr 2003 | QQQS vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 61.64% | 2.58B | Jun 2021 | QQQS vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 65 | 14.14% | 19.45B | Dec 2005 | QQQS vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 45 | 4.68% | 10.56B | May 2005 | QQQS vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 55 | 12.76% | 4.04B | Oct 2012 | QQQS vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 44 | 13.32% | 7.18B | Mar 2005 | QQQS vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 58 | 11.63% | 4.08B | Feb 2012 | QQQS vs IDMO |
Often Compared With QQQS
Investors most often compare QQQS with CQQQ, VOO, OMFL. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare QQQS with Any Fund or Stock
Compare QQQS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QQQS with funds that move differently
Invesco NASDAQ Future Gen 200 ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QQQS.
Explore QQQS Diversifiers