PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QQQ vs. QQQM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. QQQM

Last updated Jun 5, 2026

QQQ (Invesco QQQ ETF) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds from Invesco tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, QQQ returned 17.86%/yr vs 17.94%/yr for QQQM. With a 1.00 correlation, they move nearly in lockstep. QQQ charges 0.18%/yr vs 0.15%/yr for QQQM.

Performance

QQQ vs. QQQM - Performance Comparison

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

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with QQQ having a 20.71% return and QQQM slightly higher at 20.73%.

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%

QQQM

1D
-0.54%
1M
8.67%
YTD
20.73%
6M
19.22%
1Y
40.83%
3Y*
28.64%
5Y*
17.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. QQQM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
QQQ
Invesco QQQ ETF		20.71%20.77%25.58%54.86%-32.58%27.42%6.72%
QQQM
Invesco NASDAQ 100 ETF		20.73%20.85%25.68%55.01%-32.52%27.45%6.67%

Correlation

The correlation between QQQ and QQQM is 1.00 - 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

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Oct 14, 2020

1.00

The correlation between QQQ and QQQM has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

QQQ vs. QQQM - Sectors Allocation Comparison

Sectors
QQQ
QQQM

Technology

53.8%
53.8%

Communication Services

15.8%
15.8%

Consumer Cyclical

12.3%
12.3%

Consumer Defensive

7.7%
7.7%

Healthcare

4.2%
4.2%

Industrials

2.8%
2.8%

Utilities

1.4%
1.4%

Basic Materials

1.1%
1.1%

Energy

0.6%
0.6%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.1%

Technology

QQQ
53.8%
QQQM
53.8%

Communication Services

QQQ
15.8%
QQQM
15.8%

Consumer Cyclical

QQQ
12.3%
QQQM
12.3%

Consumer Defensive

QQQ
7.7%
QQQM
7.7%

Healthcare

QQQ
4.2%
QQQM
4.2%

Industrials

QQQ
2.8%
QQQM
2.8%

Utilities

QQQ
1.4%
QQQM
1.4%

Basic Materials

QQQ
1.1%
QQQM
1.1%

Energy

QQQ
0.6%
QQQM
0.6%

Financial Services

QQQ
0.2%
QQQM
0.2%

Real Estate

QQQ
0.1%
QQQM
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco QQQ ETF

Invesco NASDAQ 100 ETF

Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQIQQQ vs. SPMO
Often compared with QQQM:
QQQM vs. SCHGQQQM vs. VOOQQQM vs. VGTQQQM vs. SCHDQQQM vs. JEPQQQQM vs. FTECQQQM vs. VTI

Return for Risk

QQQ vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 7474
Overall Rank
QQQ Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7676
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7575
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
Martin Ratio Rank
QQQM
QQQM Risk / Return Rank: 7575
Overall Rank
QQQM Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 7676
Sortino Ratio Rank
QQQM Omega Ratio Rank: 7575
Omega Ratio Rank
QQQM Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQM Martin Ratio Rank: 7171
Martin Ratio Rank
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. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Invesco NASDAQ 100 ETF (QQQM). 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.

QQQQQQMDifference
Sharpe ratioReturn per unit of total volatility
2.57
2.58

-0.01

Sortino ratioReturn per unit of downside risk
3.37
3.38

-0.01

Omega ratioGain probability vs. loss probability

1.44

1.44

0.00

Calmar ratioReturn relative to maximum drawdown

3.42

3.43

-0.01

Martin ratioReturn relative to average drawdown

13.14

13.15

-0.01

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. QQQM - Sharpe Ratio Comparison

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

Loading charts...

Sharpe Ratios by Period

QQQQQQMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.57

2.58

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

0.81

-0.01

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

0.84

-0.43

Drawdowns

QQQ vs. QQQM - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for QQQ and QQQM.

Loading charts...

Drawdown Indicators

QQQQQQMDifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-35.04%

-47.93%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-11.96%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-22.70%

-0.07%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-35.04%

-0.08%

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%

-8.24%

-24.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.11%

3.11%

0.00%

Volatility

QQQ vs. QQQM - Volatility Comparison

Invesco QQQ ETF (QQQ) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 4.51% and 4.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

QQQQQQMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.51%

4.51%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

12.10%

12.06%

+0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

15.94%

15.91%

+0.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.37%

22.23%

+0.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.29%

22.11%

+0.18%

QQQ vs. QQQM - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is higher than QQQM's 0.15% expense ratio. However, 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. QQQM - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.38%, less than QQQM's 0.42% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
QQQM
Invesco NASDAQ 100 ETF		0.42%0.50%0.61%0.65%0.83%0.40%0.16%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 1.00, QQQ and QQQM 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.

QQQM has higher volatility (4.51%) compared to QQQ (4.51%). In terms of maximum drawdown, QQQ dropped -82.97% vs QQQM's -35.04%.

On 5-year performance, QQQM leads with 17.94% vs 17.86% for QQQ. On fees, QQQM is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQM has performed better with a 17.94% return vs 17.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQM is cheaper with a 0.15% expense ratio, compared with 0.18% for QQQ.

QQQM has the higher dividend yield at 0.42%, compared with 0.38% for QQQ.

Both ETFs track NASDAQ-100 Index. Their fees differ too: 0.18% for QQQ and 0.15% for QQQM.

QQQM 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.

Portfolio Optimizer

Find the right allocation for QQQ and QQQM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer