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QQQM vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQM vs. QQQ

Last updated Jun 19, 2026

QQQM (Invesco NASDAQ 100 ETF) and QQQ (Invesco QQQ ETF) are both Nasdaq-100 funds from Invesco tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, QQQM returned 17.43%/yr vs 17.37%/yr for QQQ. With a 1.00 correlation, they move nearly in lockstep. QQQM charges 0.15%/yr vs 0.18%/yr for QQQ.

Performance

QQQM vs. QQQ - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with QQQM having a 20.57% return and QQQ slightly higher at 20.71%.

QQQM

1D
2.34%
1M
5.43%
YTD
20.57%
6M
21.76%
1Y
40.56%
3Y*
27.05%
5Y*
17.43%
10Y*
—

QQQ

1D
2.51%
1M
5.57%
YTD
20.71%
6M
21.90%
1Y
40.68%
3Y*
27.01%
5Y*
17.37%
10Y*
22.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQM vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
QQQM
Invesco NASDAQ 100 ETF		20.57%20.85%25.68%55.01%-32.52%27.45%6.64%
QQQ
Invesco QQQ ETF		20.71%20.77%25.58%54.86%-32.58%27.42%6.72%

Correlation

The correlation between QQQM and QQQ 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 13, 2020

1.00

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

QQQM vs. QQQ - Sectors Allocation Comparison

Sectors
QQQM
QQQ

Technology

58.7%
58.7%

Communication Services

14.3%
14.3%

Consumer Cyclical

11.4%
11.4%

Consumer Defensive

6.4%
6.4%

Healthcare

3.7%
3.7%

Industrials

2.6%
2.6%

Utilities

1.2%
1.2%

Basic Materials

1.0%
1.0%

Energy

0.5%
0.5%

Financial Services

0.2%
0.2%

Real Estate

0.1%
0.1%

Technology

QQQM
58.7%
QQQ
58.7%

Communication Services

QQQM
14.3%
QQQ
14.3%

Consumer Cyclical

QQQM
11.4%
QQQ
11.4%

Consumer Defensive

QQQM
6.4%
QQQ
6.4%

Healthcare

QQQM
3.7%
QQQ
3.7%

Industrials

QQQM
2.6%
QQQ
2.6%

Utilities

QQQM
1.2%
QQQ
1.2%

Basic Materials

QQQM
1.0%
QQQ
1.0%

Energy

QQQM
0.5%
QQQ
0.5%

Financial Services

QQQM
0.2%
QQQ
0.2%

Real Estate

QQQM
0.1%
QQQ
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 NASDAQ 100 ETF

Invesco QQQ ETF

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

Return for Risk

QQQM vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQM
QQQM Risk / Return Rank: 7474
Overall Rank
QQQM Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 7373
Sortino Ratio Rank
QQQM Omega Ratio Rank: 7575
Omega Ratio Rank
QQQM Calmar Ratio Rank: 7272
Calmar Ratio Rank
QQQM Martin Ratio Rank: 7373
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7474
Overall Rank
QQQ Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7373
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7575
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7272
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7373
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.

QQQM vs. QQQ - Risk-Adjusted Trends Comparison

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

QQQMQQQDifference
Sharpe ratioReturn per unit of total volatility
2.33
2.32

+0.01

Sortino ratioReturn per unit of downside risk
3.02
3.01

0.00

Omega ratioGain probability vs. loss probability

1.41

1.41

0.00

Calmar ratioReturn relative to maximum drawdown

3.41

3.42

-0.01

Martin ratioReturn relative to average drawdown

12.66

12.72

-0.06

QQQM vs. QQQ - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 2.33, which is comparable to the QQQ Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of QQQM and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQQM vs. QQQ - Drawdown Comparison

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

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Drawdown Indicators

QQQMQQQDifference

Max Drawdown

Largest peak-to-trough decline

-35.04%

-82.97%

+47.93%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-11.96%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-22.70%

-22.77%

+0.07%

Max Drawdown (5Y)

Largest decline over 5 years

-35.04%

-35.12%

+0.08%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.12%

—

Current Drawdown

Current decline from peak

-0.88%

-0.74%

-0.14%

Average Drawdown

Average peak-to-trough decline

-8.21%

-32.73%

+24.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

3.21%

0.00%

Volatility

QQQM vs. QQQ - Volatility Comparison

Invesco NASDAQ 100 ETF (QQQM) and Invesco QQQ ETF (QQQ) have volatilities of 8.40% and 8.58%, 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.

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Volatility by Period

QQQMQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.40%

8.58%

-0.18%

Volatility (6M)

Calculated over the trailing 6-month period

14.20%

14.34%

-0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

17.52%

17.64%

-0.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.48%

22.63%

-0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.27%

22.42%

-0.15%

QQQM vs. QQQ - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is lower than QQQ's 0.18% 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

QQQM vs. QQQ - Dividend Comparison

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

QQQ has higher volatility (8.58%) compared to QQQM (8.40%). In terms of maximum drawdown, QQQM dropped -35.04% vs QQQ's -82.97%.

On 5-year performance, QQQM leads with 17.43% vs 17.37% for QQQ. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 8.40%. 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 17.43% return vs 17.37%. 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: 0.15% for QQQM and 0.18% for QQQ.

QQQM currently has the higher Sharpe Ratio (2.33 vs 2.32), 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.

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