Compare/Updated Oct 26, 2026, refreshed every trading day
QQQ vs QQQM
Invesco QQQ Trust, Series 1 against Invesco NASDAQ 100 ETF: 3 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQM did best over the period, turning $1,000 into $1,683 (+68.3%), narrowly ahead of QQQ at $1,680 (+68.0%). QQQM’s lower 0.15% expense ratio versus QQQ’s 0.20% likely contributed to the small advantage, while both delivered essentially identical exposure: 1.000 correlation, comparable returns, and nearly the same risk. QQQI lagged, turning $1,000 into $1,561 (+56.1%), but provided the lowest 12-month volatility at 16.8% versus 19.9% for QQQM and 20.0% for QQQ. Its worst drawdown was also milder at -20.0%, compared with -22.7% for QQQM and -22.8% for QQQ. The trade-off was QQQI’s higher 0.68% expense ratio and weaker recent returns: 12.0% over one year and 9.8% YTD, versus 16.9% and 15.1% for QQQ and QQQM.
- Price is above its 200-day average ($676); 50-day at $725.
- RSI 37, neutral. Supertrend says sell. ADX 25, so the trend is developing.
- Price is above its 200-day average ($278); 50-day at $299.
- RSI 37, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, QQQ or QQQM?
QQQ beat QQQM in 15 of the last 33 months; QQQM won the other 18. The typical monthly gap was 0.01 points.
Total return by period
Which is riskier?
Both: Feb 19, 2025 to Apr 8, 2025
- 1.000
- correlation of daily moves, 3 years
- 1.01
- QQQ move per 1% in QQQM
- 1.000
- correlation, last 12 months
Month by month
Of the last 33 months. The typical gap was 0.01 points.
When did they diverge?
| Month | QQQ | QQQM | Gap |
|---|---|---|---|
| May 2024 | +6.2% | +6.4% | -0.26 pts |
| June 2024 | +6.5% | +6.2% | +0.25 pts |
| August 2024 | +1.1% | +1.2% | -0.09 pts |
| July 2026 | -6.6% | -6.5% | -0.08 pts |
Where the numbers come from. 687 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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