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 best over the period, turning $1,000 into $2,572 (+157.2%), narrowly ahead of QQQ at $2,565 (+156.5%). VOO lagged substantially, reaching $2,065 (+106.5%). QQQM’s small advantage over QQQ matters because it came with a lower expense ratio (0.15% versus 0.20%), slightly lower 12-month volatility (19.9% versus 20.0%), and a slightly less severe maximum drawdown (-22.7% versus -22.8%). QQQ and QQQM were effectively interchangeable, with a 1.000 correlation and a typical monthly difference of only 0.02 percentage points. VOO provided materially lower risk—12.7% volatility and an -18.7% drawdown—but also lower returns. Its 0.03% expense ratio was the lowest. Thus, QQQM led on return and efficiency, while VOO offered the smoother ride.
- 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
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