VOOG vs. QQQM

Last updated Jun 4, 2026

VOOG (Vanguard S&P 500 Growth ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - VOOG is a S&P 500 fund tracking the S&P 500 Growth Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, VOOG returned 16.03%/yr vs 18.07%/yr for QQQM. With a 0.97 correlation, they move nearly in lockstep. VOOG charges 0.07%/yr vs 0.15%/yr for QQQM.

Performance

VOOG vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 Growth ETF (VOOG) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOOG achieves a 13.78% return, which is significantly lower than QQQM's 21.39% return.

VOOG

• 1D: -0.93%
• 1M: 7.44%
• YTD: 13.78%
• 6M: 13.58%
• 1Y: 34.04%
• 3Y*: 28.13%
• 5Y*: 16.03%
• 10Y*: 18.15%

QQQM

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

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

VOOG vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VOOG Vanguard S&P 500 Growth ETF	13.78%	22.11%	35.89%	29.96%	-29.48%	31.95%	5.22%
QQQM Invesco NASDAQ 100 ETF	21.39%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.67%

Correlation

The correlation between VOOG and QQQM 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 (All Time) Calculated using the full available price history since Oct 14, 2020	0.97

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

VOOG vs. QQQM - Sectors Allocation Comparison

Sectors	VOOG	QQQM
Technology	49.4%	53.8%
Communication Services	18.0%	15.8%
Consumer Cyclical	9.4%	12.3%
Financial Services	8.8%	0.2%
Industrials	6.2%	2.8%
Healthcare	5.8%	4.2%
Consumer Defensive	1.0%	7.7%
Real Estate	0.6%	0.1%
Utilities	0.4%	1.4%
Basic Materials	0.4%	1.1%
Energy	0.1%	0.6%

Return for Risk

VOOG vs. QQQM — Risk / Return Rank

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

VOOG

VOOG Risk / Return Rank: 58
VOOG Sharpe Ratio Rank: 63
VOOG Sortino Ratio Rank: 61
VOOG Omega Ratio Rank: 59
VOOG Calmar Ratio Rank: 50
VOOG Martin Ratio Rank: 58

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

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. QQQM - Risk-Adjusted Trends Comparison

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

	VOOG	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.65	-0.50
Sortino ratio: Return per unit of downside risk	2.91	3.46	-0.55
Omega ratio: Gain probability vs. loss probability	1.37	1.45	-0.08
Calmar ratio: Return relative to maximum drawdown	2.49	3.53	-1.03
Martin ratio: Return relative to average drawdown	10.32	13.52	-3.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOOG vs. QQQM - Sharpe Ratio Comparison

The current VOOG Sharpe Ratio is 2.16, which is comparable to the QQQM Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of VOOG 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.

Sharpe Ratios by Period

	VOOG	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.65	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.82	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.85	+0.06

Drawdowns

VOOG vs. QQQM - Drawdown Comparison

The maximum VOOG drawdown since its inception was -32.73%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for VOOG and QQQM.

Drawdown Indicators

	VOOG	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-35.04%	+2.31%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-11.96%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	-22.18%	-22.70%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	-35.04%	+2.31%
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	—	—
Current Drawdown Current decline from peak	-1.08%	-0.20%	-0.88%
Average Drawdown Average peak-to-trough decline	-4.97%	-8.25%	+3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	3.11%	+0.20%

Volatility

VOOG vs. QQQM - Volatility Comparison

Vanguard S&P 500 Growth ETF (VOOG) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 4.32% and 4.48%, 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

	VOOG	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	4.48%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	12.41%	12.05%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.85%	15.91%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.19%	22.24%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	22.12%	-1.39%

VOOG vs. QQQM - Expense Ratio Comparison

VOOG has a 0.07% expense ratio, which is lower than QQQM's 0.15% 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. QQQM - Dividend Comparison

VOOG's dividend yield for the trailing twelve months is around 0.44%, more than QQQM's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%
VOOG Vanguard S&P 500 Growth ETF	0.44%	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 QQQM in my portfolio?

With a correlation of 0.95, VOOG 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, VOOG or QQQM?

QQQM has higher volatility (4.48%) compared to VOOG (4.32%). In terms of maximum drawdown, VOOG dropped -32.73% vs QQQM's -35.04%.

Which ETF is better, VOOG or QQQM?

On 5-year performance, QQQM leads with 18.07% vs 16.03% for VOOG. On fees, VOOG is cheaper at 0.07% per year. On volatility, VOOG has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOOG or QQQM?

Over the 5-year period, QQQM has performed better with a 18.07% return vs 16.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOOG or QQQM?

VOOG is cheaper with a 0.07% expense ratio, compared with 0.15% for QQQM.

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

VOOG has the higher dividend yield at 0.44%, compared with 0.41% for QQQM.

What is the main difference between VOOG and QQQM?

VOOG is categorized as S&P 500, while QQQM is Nasdaq-100. VOOG tracks S&P 500 Growth Index, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.07% for VOOG and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (2.65 vs 2.16), 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.