QQQ vs QQQM Stock Comparison: AI Score, Valuation, Performance and Upside
QQQ and QQQM are the same Nasdaq-100 index in two different price wrappers. QQQ charges 0.20% for institutional liquidity and the deepest options market; QQQM charges 0.15% for long-term buy-and-hold investors. Invesco created QQQM precisely to give retail investors a cheaper alternative to QQQ without abandoning the flagship's institutional trading ecosystem.
QQQ vs QQQM is the simplest decision in ETF investing: if you trade or use options, use QQQ; if you buy and hold, use QQQM — same index, lower cost, same Invesco fund family.
QQQ holds the edge across 3 of 5 key metrics in this comparison. QQQ has delivered stronger 1-year price return (+40.68% vs +40.56% for QQQM).
- →actively trade the Nasdaq-100 and need the world's most liquid ETF intraday
- →use QQQ options for income generation, hedging, or tactical position management
- →manage large institutional portfolios where bid-ask spread quality matters for execution costs
- →are willing to pay the extra 0.05% for the deepest options market in the ETF universe
- →want the same Nasdaq-100 exposure as QQQ at a 0.05% lower annual expense ratio
- →are long-term buy-and-hold investors who don't need QQQ's institutional liquidity
- →prefer to follow Invesco's own recommendation for retail investors in the Nasdaq-100
- →are in retirement or taxable accounts where annual cost savings compound over decades
| Metric | QQQ | QQQM |
|---|---|---|
| ETF score | 84.0 | 85.0 |
| Latest close | $740.62 | $304.52 |
| 1M return | +5.57% | +5.43% |
| 6M return | +23.67% | +23.52% |
| 1Y return | +40.68% | +40.56% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | QQQ | QQQM |
|---|---|---|
| 1Y ago | $14.14K (+41.4%) started 2025-06-18 | $14.13K (+41.3%) started 2025-06-18 |
| 5Y ago | $22.96K (+129.6%) started 2021-06-18 | $23.06K (+130.6%) started 2021-06-18 |
| 10Y ago | $79.38K (+693.8%) started 2016-06-20 | $26.97K (+169.7%) started 2020-10-13 |
Hypothetical — past performance does not guarantee future results.
| Metric | QQQ | QQQM |
|---|---|---|
| Expense ratio | 0.18% | 0.15% |
| Total assets (AUM) | $493.99B | $96.91B |
| Dividend yield | 0.38% | 0.42% |
| Trailing P/E | 34.00 | 33.01 |
| Beta | 1.23 | 1.23 |
| 52-week change | 40.68% | 40.56% |
| Metric | QQQ | QQQM |
|---|---|---|
| 1Y return | +40.68% | +40.56% |
| 6M return | +23.67% | +23.52% |
| 1M return | +5.57% | +5.43% |
| 1Y Sharpe ratio | 1.78 | 1.78 |
| Beta | 1.23 | 1.23 |
| Dividend yield | 0.38% | 0.42% |
| 5Y CAGR | +17.37% | +17.43% |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | QQQ | QQQM |
|---|---|---|---|
| 1Y | Growth | +40.68% | +40.56% |
| CAGR | +40.72% | +40.60% | |
| Sharpe ratio | 1.78 | 1.78 | |
| Max drawdown | 11.96% | 11.96% | |
| Max daily drop | 4.80% | 4.78% | |
| Max wkly drop | 6.79% | 6.75% | |
| 5Y | Growth | +122.74% | +123.27% |
| CAGR | +17.37% | +17.43% | |
| Sharpe ratio | 0.63 | 0.63 | |
| Max drawdown | 35.12% | 35.04% | |
| Max daily drop | 6.21% | 6.11% | |
| Max wkly drop | 11.98% | 11.92% | |
| 10Y | Growth | +639.84% | +160.42% |
| CAGR | +22.17% | +18.36% | |
| Sharpe ratio | 0.81 | 0.67 | |
| Max drawdown | 35.12% | 35.04% | |
| Max daily drop | 11.98% | 6.11% | |
| Max wkly drop | 16.20% | 11.92% |
| Category | QQQ | QQQM |
|---|---|---|
| Fund name | Invesco QQQ Trust | Invesco NASDAQ 100 ETF |
| Type | ETF | ETF |
| Expense ratio | 0.18% | 0.15% |
| Total assets (AUM) | $493.99B | $96.91B |
| Dividend yield | 0.38% | 0.42% |
- →World's most traded ETF by dollar volume providing unmatched intraday execution
- →Deepest options chain with the tightest bid-ask spreads of any equity ETF
- →Settled benchmark — QQQ is the institutional reference for Nasdaq-100 exposure
- →0.15% expense ratio is 25% less than QQQ for the identical Nasdaq-100 index
- →Same index, same holdings, same Invesco fund family as QQQ
- →Designed explicitly for retail long-term investors — Invesco's direct recommendation for this use case
- →0.20% expense ratio is 33% more expensive than QQQM for the same index exposure
- →For buy-and-hold investors, the expense ratio difference costs $500/year per $1M invested
- →Invesco itself recommends retail long-term investors use QQQM instead
- →Lower daily trading volume than QQQ — not suitable for institutional block trading
- →Smaller options market if options strategies are desired
- →Relatively new fund (2020) versus QQQ's 1999 history
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