QQQM vs. VDE

Last updated Jun 13, 2026

QQQM (Invesco NASDAQ 100 ETF) and VDE (Vanguard Energy ETF) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while VDE is a Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. Both are passively managed. Over the past 5 years, QQQM returned 16.94%/yr vs 20.05%/yr for VDE. At a 0.17 correlation, their price movements are largely independent. QQQM charges 0.15%/yr vs 0.09%/yr for VDE.

Performance

QQQM vs. VDE - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQM achieves a 17.59% return, which is significantly lower than VDE's 29.66% return.

QQQM

• 1D: 0.67%
• 1M: 0.97%
• YTD: 17.59%
• 6M: 17.91%
• 1Y: 35.90%
• 3Y*: 26.52%
• 5Y*: 16.94%
• 10Y*: —

VDE

• 1D: 0.77%
• 1M: -0.78%
• YTD: 29.66%
• 6M: 28.33%
• 1Y: 37.57%
• 3Y*: 16.71%
• 5Y*: 20.05%
• 10Y*: 9.39%

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

QQQM vs. VDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	17.59%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%
VDE Vanguard Energy ETF	29.66%	7.11%	6.75%	0.03%	62.89%	56.31%	25.30%

Correlation

The correlation between QQQM and VDE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.17

The correlation between QQQM and VDE shifts across timeframes, from -0.13 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.

QQQM vs. VDE - Sectors Allocation Comparison

Sectors	QQQM	VDE
Technology	53.8%	-
Communication Services	15.8%	-
Consumer Cyclical	12.3%	-
Consumer Defensive	7.7%	-
Healthcare	4.2%	-
Industrials	2.8%	0.1%
Utilities	1.4%	-
Basic Materials	1.1%	0.4%
Energy	0.6%	99.5%
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QQQM vs. VDE — Risk / Return Rank

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

QQQM

QQQM Risk / Return Rank: 72
QQQM Sharpe Ratio Rank: 76
QQQM Sortino Ratio Rank: 71
QQQM Omega Ratio Rank: 73
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 70

VDE

VDE Risk / Return Rank: 62
VDE Sharpe Ratio Rank: 65
VDE Sortino Ratio Rank: 59
VDE Omega Ratio Rank: 55
VDE Calmar Ratio Rank: 73
VDE Martin Ratio Rank: 58

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. VDE - Risk-Adjusted Trends Comparison

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

	QQQM	VDE	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.85	+0.26
Sortino ratio: Return per unit of downside risk	2.74	2.43	+0.32
Omega ratio: Gain probability vs. loss probability	1.37	1.30	+0.07
Calmar ratio: Return relative to maximum drawdown	3.02	3.20	-0.18
Martin ratio: Return relative to average drawdown	11.23	8.95	+2.28

QQQM vs. VDE - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 2.11, which is comparable to the VDE Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of QQQM and VDE, 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

QQQM vs. VDE - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for QQQM and VDE.

Drawdown Indicators

	QQQM	VDE	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-74.20%	+39.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-11.80%	-0.16%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-21.41%	-1.29%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	-26.58%	-8.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-69.29%	—
Current Drawdown Current decline from peak	-3.33%	-8.26%	+4.93%
Average Drawdown Average peak-to-trough decline	-8.23%	-19.95%	+11.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	4.21%	-1.00%

Volatility

QQQM vs. VDE - Volatility Comparison

Invesco NASDAQ 100 ETF (QQQM) and Vanguard Energy ETF (VDE) have volatilities of 7.45% and 7.15%, 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

	QQQM	VDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	7.15%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	16.59%	-2.88%
Volatility (1Y) Calculated over the trailing 1-year period	17.11%	20.46%	-3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.40%	26.45%	-4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.22%	29.93%	-7.71%

QQQM vs. VDE - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is higher than VDE's 0.09% 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

QQQM vs. VDE - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.43%, less than VDE's 2.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQM Invesco NASDAQ 100 ETF	0.43%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%
VDE Vanguard Energy ETF	2.42%	3.11%	3.23%	3.34%	3.65%	4.13%	4.76%	3.42%	3.35%	2.90%	2.31%	3.17%

Frequently Asked Questions

Can I hold both QQQM and VDE in my portfolio?

QQQM and VDE have a correlation of -0.13, 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 VDE?

QQQM has higher volatility (7.45%) compared to VDE (7.15%). In terms of maximum drawdown, QQQM dropped -35.04% vs VDE's -74.20%.

Which ETF is better, QQQM or VDE?

On 5-year performance, VDE leads with 20.05% vs 16.94% for QQQM. On fees, VDE is cheaper at 0.09% per year. On volatility, VDE has been the lower-risk option at 7.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQM or VDE?

Over the 5-year period, VDE has performed better with a 20.05% return vs 16.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQM or VDE?

VDE is cheaper with a 0.09% expense ratio, compared with 0.15% for QQQM.

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

VDE has the higher dividend yield at 2.42%, compared with 0.43% for QQQM.

What is the main difference between QQQM and VDE?

QQQM is categorized as Nasdaq-100, while VDE is Energy Equities. QQQM tracks NASDAQ-100 Index, while VDE tracks MSCI US Investable Market Energy 25/50 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.15% for QQQM and 0.09% for VDE.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.11 vs 1.85), 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.