VOOG vs. QQQ

Last updated Jun 24, 2026

VOOG (Vanguard S&P 500 Growth ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - VOOG is a S&P 500 fund tracking the S&P 500 Growth Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, VOOG returned 18.00%/yr vs 22.07%/yr for QQQ. Their correlation of 0.95 suggests significant overlap in exposure. VOOG charges 0.07%/yr vs 0.18%/yr for QQQ.

Performance

VOOG vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, VOOG achieves a 8.71% return, which is significantly lower than QQQ's 16.45% return. Over the past 10 years, VOOG has underperformed QQQ with an annualized return of 18.00%, while QQQ has yielded a comparatively higher 22.07% annualized return.

VOOG

• 1D: -2.34%
• 1M: -2.03%
• YTD: 8.71%
• 6M: 7.44%
• 1Y: 26.86%
• 3Y*: 25.47%
• 5Y*: 14.06%
• 10Y*: 18.00%

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

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

VOOG vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOOG Vanguard S&P 500 Growth ETF	8.71%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%
QQQ Invesco QQQ ETF	16.45%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between VOOG and QQQ is 0.95 - 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.95

The correlation between VOOG and QQQ has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

VOOG vs. QQQ - Sectors Allocation Comparison

Sectors	VOOG	QQQ
Technology	52.6%	58.7%
Communication Services	16.7%	14.3%
Consumer Cyclical	9.0%	11.4%
Financial Services	8.2%	0.2%
Healthcare	5.7%	3.7%
Industrials	5.7%	2.6%
Consumer Defensive	1.0%	6.4%
Real Estate	0.5%	0.1%
Utilities	0.4%	1.2%
Basic Materials	0.3%	1.0%
Energy	0.1%	0.5%

Return for Risk

VOOG vs. QQQ — Risk / Return Rank

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

VOOG

VOOG Risk / Return Rank: 45
VOOG Sharpe Ratio Rank: 47
VOOG Sortino Ratio Rank: 45
VOOG Omega Ratio Rank: 44
VOOG Calmar Ratio Rank: 41
VOOG Martin Ratio Rank: 48

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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.

VOOG vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth ETF (VOOG) 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.

	VOOG	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.95	-0.37
Sortino ratio: Return per unit of downside risk	2.17	2.57	-0.39
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	1.97	2.93	-0.96
Martin ratio: Return relative to average drawdown	7.82	10.86	-3.05

VOOG vs. QQQ - Sharpe Ratio Comparison

The current VOOG Sharpe Ratio is 1.59, which is comparable to the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of VOOG 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.

Drawdowns

VOOG vs. QQQ - Drawdown Comparison

The maximum VOOG drawdown since its inception was -32.73%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for VOOG and QQQ.

Drawdown Indicators

	VOOG	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-82.97%	+50.24%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-11.96%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	-22.18%	-22.77%	+0.59%
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	-35.12%	+2.39%
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	-35.12%	+2.39%
Current Drawdown Current decline from peak	-5.49%	-4.25%	-1.24%
Average Drawdown Average peak-to-trough decline	-4.96%	-32.73%	+27.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	3.22%	+0.23%

Volatility

VOOG vs. QQQ - Volatility Comparison

The current volatility for Vanguard S&P 500 Growth ETF (VOOG) is 7.23%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that VOOG experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOOG	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	9.17%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	13.86%	14.57%	-0.71%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	17.96%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.38%	22.69%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.81%	22.42%	-1.61%

VOOG vs. QQQ - Expense Ratio Comparison

VOOG has a 0.07% 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

VOOG vs. QQQ - Dividend Comparison

VOOG's dividend yield for the trailing twelve months is around 0.46%, more than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
VOOG Vanguard S&P 500 Growth ETF	0.46%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both VOOG and QQQ in my portfolio?

With a correlation of 0.95, VOOG 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.

Which is riskier, VOOG or QQQ?

QQQ has higher volatility (9.17%) compared to VOOG (7.23%). In terms of maximum drawdown, VOOG dropped -32.73% vs QQQ's -82.97%.

Which ETF is better, VOOG or QQQ?

On 10-year performance, QQQ leads with 22.07% vs 18.00% for VOOG. On fees, VOOG is cheaper at 0.07% per year. On volatility, VOOG has been the lower-risk option at 7.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOOG or QQQ?

Over the 10-year period, QQQ has performed better with a 22.07% return vs 18.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOOG or QQQ?

VOOG is cheaper with a 0.07% expense ratio, compared with 0.18% for QQQ.

Which ETF pays a higher dividend yield, VOOG or QQQ?

VOOG has the higher dividend yield at 0.46%, compared with 0.43% for QQQ.

What is the main difference between VOOG and QQQ?

VOOG is categorized as S&P 500, while QQQ is Nasdaq-100. VOOG tracks S&P 500 Growth Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.07% for VOOG and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.95 vs 1.59), 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.