QQQJ vs. VOO

Last updated Aug 2, 2026

QQQJ (Invesco NASDAQ Next Gen 100 ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - QQQJ is a Mid Cap Growth Equities fund tracking the NASDAQ Next Generation 100 Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, QQQJ returned 6.23%/yr vs 12.83%/yr for VOO. Their correlation of 0.83 means they have usually moved in the same direction. QQQJ charges 0.15%/yr vs 0.03%/yr for VOO.

Performance

QQQJ vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQJ achieves a 19.53% return, which is significantly higher than VOO's 10.16% return.

QQQJ

• 1D: 0.02%
• 1M: -3.19%
• 6M: 15.30%
• YTD: 19.53%
• 1Y: 34.13%
• 3Y*: 19.03%
• 5Y*: 6.23%
• 10Y*: —
• ALL TIME*: 9.75%

VOO

• 1D: 0.71%
• 1M: 0.26%
• 6M: 8.58%
• YTD: 10.16%
• 1Y: 21.58%
• 3Y*: 19.42%
• 5Y*: 12.83%
• 10Y*: 15.14%
• ALL TIME*: 14.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQJ Invesco NASDAQ Next Gen 100 ETF	$4.82M	$6.21M	$6.07M
VOO Vanguard S&P 500 ETF	$3.82B	$3.78B	$5.44B

QQQJ vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QQQJ Invesco NASDAQ Next Gen 100 ETF	19.53%	20.44%	15.36%	13.68%	-28.25%	9.76%	15.34%
VOO Vanguard S&P 500 ETF	10.16%	17.82%	24.98%	26.32%	-18.17%	28.79%	6.60%

Correlation

The correlation between QQQJ and VOO is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.84

The correlation between QQQJ and VOO has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

QQQJ vs. VOO - Sectors Allocation Comparison

Sectors	QQQJ	VOO
Technology	34.2%	38.6%
Healthcare	23.3%	8.9%
Industrials	13.6%	8.5%
Consumer Cyclical	11.8%	9.5%
Communication Services	5.9%	9.9%
Consumer Defensive	2.9%	4.5%
Utilities	2.8%	2.2%
Basic Materials	2.5%	1.7%
Financial Services	2.0%	11.4%
Energy	1.1%	3.0%
Real Estate	-	1.8%

Return for Risk

QQQJ vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQJ

QQQJ Risk / Return Rank: 77
QQQJ Sharpe Ratio Rank: 76
QQQJ Sortino Ratio Rank: 76
QQQJ Omega Ratio Rank: 73
QQQJ Calmar Ratio Rank: 79
QQQJ Martin Ratio Rank: 82

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQJ vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Vanguard S&P 500 ETF (VOO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQQJ	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.53	+0.20
Sortino ratio: Return per unit of downside risk	2.41	2.13	+0.28
Omega ratio: Gain probability vs. loss probability	1.30	1.28	+0.03
Calmar ratio: Return relative to maximum drawdown	2.80	2.21	+0.59
Martin ratio: Return relative to average drawdown	11.02	9.44	+1.59

QQQJ vs. VOO - Sharpe Ratio Comparison

The current QQQJ Sharpe Ratio is 1.73, which is comparable to the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of QQQJ and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQJ vs. VOO - Drawdown Comparison

The maximum QQQJ drawdown since its inception was -39.57%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for QQQJ and VOO.

Drawdown Indicators

	QQQJ	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-39.57%	-33.99%	-5.58%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-8.90%	-2.94%
Max Drawdown (3Y) Largest decline over 3 years	-22.46%	-18.69%	-3.77%
Max Drawdown (5Y) Largest decline over 5 years	-39.57%	-24.52%	-15.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-3.66%	-1.38%	-2.28%
Average Drawdown Average peak-to-trough decline	-15.38%	-3.67%	-11.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.08%	+0.92%

Volatility

QQQJ vs. VOO - Volatility Comparison

Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.49% and 3.54%, 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.

Volatility by Period

	QQQJ	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.54%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	15.46%	10.10%	+5.36%
Volatility (1Y) Calculated over the trailing 1-year period	19.15%	12.82%	+6.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.14%	16.93%	+5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.96%	18.01%	+3.95%

QQQJ vs. VOO - Expense Ratio Comparison

QQQJ has a 0.15% expense ratio, which is higher than VOO's 0.03% 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

QQQJ vs. VOO - Dividend Comparison

QQQJ's dividend yield for the trailing twelve months is around 0.56%, less than VOO's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.56%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.07%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both QQQJ and VOO in my portfolio?

QQQJ and VOO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQJ or VOO?

VOO has higher volatility (3.54%) compared to QQQJ (3.49%). In terms of maximum drawdown, QQQJ dropped -39.57% vs VOO's -33.99%.

Which ETF is better, QQQJ or VOO?

On 5-year performance, VOO leads with 12.83% vs 6.23% for QQQJ. On fees, VOO is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQJ or VOO?

Over the 5-year period, VOO has performed better with a 12.83% return vs 6.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQJ or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.15% for QQQJ.

Which ETF pays a higher dividend yield, QQQJ or VOO?

VOO has the higher dividend yield at 1.07%, compared with 0.56% for QQQJ.

What is the main difference between QQQJ and VOO?

QQQJ is categorized as Mid Cap Growth Equities, while VOO is S&P 500. QQQJ tracks NASDAQ Next Generation 100 Index, while VOO tracks S&P 500 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.15% for QQQJ and 0.03% for VOO.

Which has better risk-adjusted returns?

QQQJ currently has the higher Sharpe Ratio (1.73 vs 1.53), 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.