QQQ vs. QQMG

Last updated Jun 5, 2026

QQQ (Invesco QQQ ETF) and QQMG (Invesco ESG NASDAQ 100 ETF) are both Nasdaq-100 funds from Invesco - QQQ tracks the NASDAQ-100 Index while QQMG tracks the Nasdaq-100 ESG Total Return Index. Both are passively managed. Over the past 3 years, QQQ returned 28.54%/yr vs 29.47%/yr for QQMG. With a 0.99 correlation, they move nearly in lockstep. QQQ charges 0.18%/yr vs 0.20%/yr for QQMG.

Performance

QQQ vs. QQMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and Invesco ESG NASDAQ 100 ETF (QQMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with QQQ having a 20.71% return and QQMG slightly higher at 21.45%.

QQQ

• 1D: -0.48%
• 1M: 8.66%
• YTD: 20.71%
• 6M: 19.19%
• 1Y: 40.74%
• 3Y*: 28.54%
• 5Y*: 17.86%
• 10Y*: 21.84%

QQMG

• 1D: -0.34%
• 1M: 9.97%
• YTD: 21.45%
• 6M: 20.28%
• 1Y: 43.12%
• 3Y*: 29.47%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. QQMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQQ Invesco QQQ ETF	20.71%	20.77%	25.58%	54.86%	-32.58%	3.68%
QQMG Invesco ESG NASDAQ 100 ETF	21.45%	22.16%	25.66%	55.00%	-31.56%	5.01%

Correlation

The correlation between QQQ and QQMG is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021	0.99

The correlation between QQQ and QQMG has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

QQQ vs. QQMG - Sectors Allocation Comparison

Sectors	QQQ	QQMG
Technology	53.8%	62.1%
Communication Services	15.8%	13.0%
Consumer Cyclical	12.3%	11.5%
Consumer Defensive	7.7%	6.0%
Healthcare	4.2%	3.5%
Industrials	2.8%	2.1%
Utilities	1.4%	0.2%
Basic Materials	1.1%	1.4%
Energy	0.6%	-
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QQQ vs. QQMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQ

QQQ Risk / Return Rank: 74
QQQ Sharpe Ratio Rank: 80
QQQ Sortino Ratio Rank: 76
QQQ Omega Ratio Rank: 75
QQQ Calmar Ratio Rank: 70
QQQ Martin Ratio Rank: 71

QQMG

QQMG Risk / Return Rank: 74
QQMG Sharpe Ratio Rank: 81
QQMG Sortino Ratio Rank: 76
QQMG Omega Ratio Rank: 74
QQMG Calmar Ratio Rank: 69
QQMG Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQ vs. QQMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Invesco ESG NASDAQ 100 ETF (QQMG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	QQQ	QQMG	Difference
Sharpe ratio: Return per unit of total volatility	2.57	2.58	-0.02
Sortino ratio: Return per unit of downside risk	3.37	3.35	+0.02
Omega ratio: Gain probability vs. loss probability	1.44	1.43	+0.01
Calmar ratio: Return relative to maximum drawdown	3.42	3.42	0.00
Martin ratio: Return relative to average drawdown	13.14	12.72	+0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ vs. QQMG - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.57, which is comparable to the QQMG Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of QQQ and QQMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQ	QQMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	2.58	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.73	-0.33

Drawdowns

QQQ vs. QQMG - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than QQMG's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for QQQ and QQMG.

Drawdown Indicators

	QQQ	QQMG	Difference
Max Drawdown Largest peak-to-trough decline	-82.97%	-35.43%	-47.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-12.67%	+0.71%
Max Drawdown (3Y) Largest decline over 3 years	-22.77%	-22.79%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-35.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	—	—
Current Drawdown Current decline from peak	-0.74%	-0.75%	+0.01%
Average Drawdown Average peak-to-trough decline	-32.78%	-9.60%	-23.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.40%	-0.29%

Volatility

QQQ vs. QQMG - Volatility Comparison

The current volatility for Invesco QQQ ETF (QQQ) is 4.51%, while Invesco ESG NASDAQ 100 ETF (QQMG) has a volatility of 4.80%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than QQMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQ	QQMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	4.80%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	12.88%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	16.77%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.37%	23.59%	-1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.29%	23.59%	-1.30%

QQQ vs. QQMG - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than QQMG's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQ vs. QQMG - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.38%, more than QQMG's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQMG Invesco ESG NASDAQ 100 ETF	0.34%	0.41%	0.50%	0.60%	0.82%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both QQQ and QQMG in my portfolio?

With a correlation of 0.99, QQQ and QQMG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QQQ or QQMG?

QQMG has higher volatility (4.80%) compared to QQQ (4.51%). In terms of maximum drawdown, QQQ dropped -82.97% vs QQMG's -35.43%.

Which ETF is better, QQQ or QQMG?

On 3-year performance, QQMG leads with 29.47% vs 28.54% for QQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQ or QQMG?

Over the 3-year period, QQMG has performed better with a 29.47% return vs 28.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQ or QQMG?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.20% for QQMG.

Which ETF pays a higher dividend yield, QQQ or QQMG?

QQQ has the higher dividend yield at 0.38%, compared with 0.34% for QQMG.

What is the main difference between QQQ and QQMG?

QQQ tracks NASDAQ-100 Index, while QQMG tracks Nasdaq-100 ESG Total Return Index. Their fees differ too: 0.18% for QQQ and 0.20% for QQMG.

Which has better risk-adjusted returns?

QQMG currently has the higher Sharpe Ratio (2.58 vs 2.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.