Compare/Updated Oct 26, 2026, refreshed every trading day
QQQ vs QQQM
Invesco QQQ Trust, Series 1 against Invesco NASDAQ 100 ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQM did slightly better over the 1,000-trading-day period: $1,000 invested on October 28, 2022 grew to $2,572, versus $2,565 for QQQ, representing total returns of 157.2% and 156.5%, respectively. The difference is minimal, but QQQM’s lower 0.15% expense ratio versus QQQ’s 0.20% likely matters over time, particularly because both funds had a 1.000 correlation in daily moves and identical 1-, 3-, and 6-month, YTD, and 1-year returns. QQQM also had slightly lower 12-month volatility, 19.9% versus 20.0%, and a marginally smaller worst drawdown, -22.7% versus -22.8%. QQQ remains the larger fund, with $475B in assets versus QQQM’s $78B, while prices were $704.40 and $290.06, respectively. Overall, QQQM was the marginal winner on return and risk, while the practical difference was very small.
- 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 20 of the last 48 months; QQQM won the other 28. The typical monthly gap was 0.02 points.
Total return by period
Which is riskier?
Both: Feb 19, 2025 to Apr 8, 2025
- 1.000
- correlation of daily moves, 4 years
- 1.01
- QQQ move per 1% in QQQM
- 1.000
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.02 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 2023 | -1.5% | -1.6% | +0.10 pts |
| August 2024 | +1.1% | +1.2% | -0.09 pts |
Where the numbers come from. 1000 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
What do you actually own with QQQ and QQQM?
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