QXQ vs. QQQM

Last updated Jun 23, 2026

QXQ (SGI Enhanced Nasdaq-100 ETF) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds. QXQ is actively managed, while QQQM is passively managed. Over the past year, QXQ returned 42.59% vs 41.06% for QQQM. With a 0.97 correlation, they move nearly in lockstep. QXQ charges 0.98%/yr vs 0.15%/yr for QQQM.

Performance

QXQ vs. QQQM - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with QXQ having a 19.69% return and QQQM slightly higher at 20.46%.

QXQ

• 1D: -0.36%
• 1M: 2.66%
• YTD: 19.69%
• 6M: 19.23%
• 1Y: 42.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQM

• 1D: -0.09%
• 1M: 2.98%
• YTD: 20.46%
• 6M: 19.51%
• 1Y: 41.06%
• 3Y*: 27.57%
• 5Y*: 17.04%
• 10Y*: —

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

QXQ vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QXQ SGI Enhanced Nasdaq-100 ETF	19.69%	19.78%	9.70%
QQQM Invesco NASDAQ 100 ETF	20.46%	20.85%	7.77%

Correlation

The correlation between QXQ and QQQM is 0.99 - 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	0.99
Correlation (All Time) Calculated using the full available price history since Jun 14, 2024	0.97

The correlation between QXQ and QQQM has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

QXQ vs. QQQM - Sectors Allocation Comparison

Sectors	QXQ	QQQM
Technology	58.5%	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	2.8%	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%

Return for Risk

QXQ vs. QQQM — Risk / Return Rank

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

QXQ

QXQ Risk / Return Rank: 75
QXQ Sharpe Ratio Rank: 80
QXQ Sortino Ratio Rank: 74
QXQ Omega Ratio Rank: 74
QXQ Calmar Ratio Rank: 72
QXQ Martin Ratio Rank: 74

QQQM

QQQM Risk / Return Rank: 72
QQQM Sharpe Ratio Rank: 77
QQQM Sortino Ratio Rank: 70
QQQM Omega Ratio Rank: 73
QQQM Calmar Ratio Rank: 71
QQQM Martin Ratio Rank: 71

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.

QXQ vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Nasdaq-100 ETF (QXQ) 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.

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.

	QXQ	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.36	+0.09
Sortino ratio: Return per unit of downside risk	3.18	3.05	+0.13
Omega ratio: Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	3.51	3.45	+0.06
Martin ratio: Return relative to average drawdown	13.55	12.82	+0.74

QXQ vs. QQQM - Sharpe Ratio Comparison

The current QXQ Sharpe Ratio is 2.45, which is comparable to the QQQM Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of QXQ 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.

Drawdowns

QXQ vs. QQQM - Drawdown Comparison

The maximum QXQ drawdown since its inception was -22.53%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for QXQ and QQQM.

Drawdown Indicators

	QXQ	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-22.53%	-35.04%	+12.51%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	-11.96%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-1.27%	-0.97%	-0.30%
Average Drawdown Average peak-to-trough decline	-3.61%	-8.20%	+4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	3.21%	-0.06%

Volatility

QXQ vs. QQQM - Volatility Comparison

SGI Enhanced Nasdaq-100 ETF (QXQ) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 7.99% and 8.28%, 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

	QXQ	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	8.28%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	14.00%	14.05%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	17.55%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.07%	22.48%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.07%	22.26%	-0.19%

QXQ vs. QQQM - Expense Ratio Comparison

QXQ has a 0.98% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

QXQ vs. QQQM - Dividend Comparison

QXQ's dividend yield for the trailing twelve months is around 14.96%, more than QQQM's 0.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	0.53%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%
QXQ SGI Enhanced Nasdaq-100 ETF	14.96%	18.21%	1.97%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QXQ and QQQM in my portfolio?

With a correlation of 0.99, QXQ 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.

Which is riskier, QXQ or QQQM?

QQQM has higher volatility (8.28%) compared to QXQ (7.99%). In terms of maximum drawdown, QXQ dropped -22.53% vs QQQM's -35.04%.

Which ETF is better, QXQ or QQQM?

On 1-year performance, QXQ leads with 42.59% vs 41.06% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QXQ has been the lower-risk option at 7.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QXQ or QQQM?

Over the 1-year period, QXQ has performed better with a 42.59% return vs 41.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QXQ or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.98% for QXQ.

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

QXQ has the higher dividend yield at 14.96%, compared with 0.53% for QQQM.

What is the main difference between QXQ and QQQM?

They also come from different issuers: Summit Global Investments and Invesco. Their fees differ too: 0.98% for QXQ and 0.15% for QQQM.

Which has better risk-adjusted returns?

QXQ currently has the higher Sharpe Ratio (2.45 vs 2.36), 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.