QQQM vs. QQQJ

Last updated Jun 4, 2026

QQQM (Invesco NASDAQ 100 ETF) and QQQJ (Invesco NASDAQ Next Gen 100 ETF) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while QQQJ is a Large Cap Growth Equities fund tracking the NASDAQ Next Generation 100 Index. Both are passively managed. Over the past 5 years, QQQM returned 18.07%/yr vs 7.69%/yr for QQQJ. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

QQQM vs. QQQJ - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQM achieves a 21.39% return, which is significantly lower than QQQJ's 23.23% return.

QQQM

• 1D: -0.20%
• 1M: 10.67%
• YTD: 21.39%
• 6M: 19.75%
• 1Y: 41.98%
• 3Y*: 28.89%
• 5Y*: 18.07%
• 10Y*: —

QQQJ

• 1D: -0.68%
• 1M: 11.40%
• YTD: 23.23%
• 6M: 23.58%
• 1Y: 46.58%
• 3Y*: 22.25%
• 5Y*: 7.69%
• 10Y*: —

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

QQQM vs. QQQJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	21.39%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.67%
QQQJ Invesco NASDAQ Next Gen 100 ETF	23.23%	20.44%	15.36%	13.68%	-28.25%	9.76%	15.25%

Correlation

The correlation between QQQM and QQQJ is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.82

The correlation between QQQM and QQQJ has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

QQQM vs. QQQJ - Sectors Allocation Comparison

Sectors	QQQM	QQQJ
Technology	53.8%	39.3%
Communication Services	15.8%	6.8%
Consumer Cyclical	12.3%	11.4%
Consumer Defensive	7.7%	2.6%
Healthcare	4.2%	18.3%
Industrials	2.8%	11.2%
Utilities	1.4%	2.6%
Basic Materials	1.1%	2.7%
Energy	0.6%	2.6%
Financial Services	0.2%	1.0%
Real Estate	0.1%	-

Return for Risk

QQQM vs. QQQJ — Risk / Return Rank

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

QQQM

QQQM Risk / Return Rank: 74
QQQM Sharpe Ratio Rank: 80
QQQM Sortino Ratio Rank: 75
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 71

QQQJ

QQQJ Risk / Return Rank: 77
QQQJ Sharpe Ratio Rank: 78
QQQJ Sortino Ratio Rank: 75
QQQJ Omega Ratio Rank: 73
QQQJ Calmar Ratio Rank: 77
QQQJ Martin Ratio Rank: 83

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. QQQJ - Risk-Adjusted Trends Comparison

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

	QQQM	QQQJ	Difference
Sharpe ratio: Return per unit of total volatility	2.65	2.59	+0.06
Sortino ratio: Return per unit of downside risk	3.46	3.47	0.00
Omega ratio: Gain probability vs. loss probability	1.45	1.44	+0.01
Calmar ratio: Return relative to maximum drawdown	3.53	3.95	-0.43
Martin ratio: Return relative to average drawdown	13.52	17.03	-3.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQM vs. QQQJ - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 2.65, which is comparable to the QQQJ Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of QQQM and QQQJ, 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

	QQQM	QQQJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	2.59	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.35	+0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.48	+0.36

Drawdowns

QQQM vs. QQQJ - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum QQQJ drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for QQQM and QQQJ.

Drawdown Indicators

	QQQM	QQQJ	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-39.57%	+4.53%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-11.84%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-22.46%	-0.24%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	-39.57%	+4.53%
Current Drawdown Current decline from peak	-0.20%	-0.68%	+0.48%
Average Drawdown Average peak-to-trough decline	-8.25%	-15.74%	+7.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.74%	+0.37%

Volatility

QQQM vs. QQQJ - Volatility Comparison

The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 4.48%, while Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a volatility of 5.62%. This indicates that QQQM experiences smaller price fluctuations and is considered to be less risky than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQM	QQQJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	5.62%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	14.65%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	18.09%	-2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.24%	22.02%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.12%	22.06%	+0.06%

QQQM vs. QQQJ - Expense Ratio Comparison

Both QQQM and QQQJ have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

QQQM vs. QQQJ - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.41%, less than QQQJ's 0.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.71%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both QQQM and QQQJ in my portfolio?

QQQM and QQQJ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQM or QQQJ?

QQQJ has higher volatility (5.62%) compared to QQQM (4.48%). In terms of maximum drawdown, QQQM dropped -35.04% vs QQQJ's -39.57%.

Which ETF is better, QQQM or QQQJ?

On 5-year performance, QQQM leads with 18.07% vs 7.69% for QQQJ. Both ETFs have the same 0.15% expense ratio. On volatility, QQQM has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQM or QQQJ?

Over the 5-year period, QQQM has performed better with a 18.07% return vs 7.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQM or QQQJ?

QQQM and QQQJ have the same expense ratio: 0.15% per year.

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

QQQJ has the higher dividend yield at 0.71%, compared with 0.41% for QQQM.

What is the main difference between QQQM and QQQJ?

QQQM is categorized as Nasdaq-100, while QQQJ is Large Cap Growth Equities. QQQM tracks NASDAQ-100 Index, while QQQJ tracks NASDAQ Next Generation 100 Index.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.65 vs 2.59), 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.