QQQ vs QQQM: Yield, Cost and Returns Compared
As of Nov 5, 2026, QQQM yields more: 0.48% (dividend yield) against 0.47% for QQQ. QQQM is cheaper to own at 0.15% a year vs 0.18%. Over the same 6 years (Oct 2020 to Oct 2026), QQQM returned 17.7% a year with distributions reinvested, and QQQ 17.7%.
| Compared | QQQ | QQQM |
|---|---|---|
| YieldDividend yield | 0.47% | 0.48% |
| Expense ratio | 0.18% | 0.15% |
| Total return, 1 yr | +10.3% | +10.3% |
| Total return, 3 yr (a year) | +26.0% | +26.1% |
| Total return, 5 yr (a year) | +13.0% | +13.1% |
| Total return, 10 yr (a year) | +20.3% | — |
| Worst drop since Oct 2020 | -32.6% | -32.5% |
| Share price since Oct 2020 | +156% | +156% |
| Pays | Quarterly | Quarterly |
| Issuer | Invesco | Invesco |
| Assets | $463.8B | $106.0B |
| Started | 1999 | 2020 |
| Type | Large Growth | Large Growth |
Higher yield
QQQM
0.48%
Lower cost
QQQM
0.15%
Better total return
QQQM
17.7%/yr
Smaller worst drop
QQQM
-32.5%
Key facts: QQQ vs QQQM
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, QQQ yields 0.47% (dividend yield) and QQQM yields 0.48% (dividend yield).
- QQQ's expense ratio is 0.18% and QQQM's is 0.15%: $18 vs $15 a year on $10,000.
- From Oct 2020 to Oct 2026, $10,000 in QQQ grew to $26,553 (17.7% a year) and $10,000 in QQQM to $26,609 (17.7% a year), distributions reinvested.
- Their worst month-end drops over that time: -32.6% for QQQ and -32.5% for QQQM.
- 10 of QQQ's top ten holdings are also in QQQM's top ten, an overlap of at least 47% of the fund.
Cite this page
SmarterDividends, "QQQ vs QQQM: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/qqq-vs-qqqm
$10,000 in each, Oct 2020 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
QQQ became
$26,553
17.7% a year
QQQM became
$26,609
17.7% a year
Year by year
| Year | QQQ | QQQM |
|---|---|---|
| 2025 | +20.8% | +20.8% |
| 2024 | +25.6% | +25.7% |
| 2023 | +54.9% | +55.0% |
| 2022 | −32.6% | −32.5% |
| 2021 | +27.4% | +27.5% |
Total return each calendar year, distributions reinvested.
Top holdings
10 of the top ten overlap, at least 47% of each fund.
QQQ
- AAPL Apple Inc8.2%
- NVDA NVIDIA Corp8.0%
- MSFT Microsoft Corp6.3%
- MU Micron Technology Inc4.5%
- AMZN Amazon.com Inc4.2%
- AMD Advanced Micro Devices Inc3.7%
- TSLA Tesla Inc3.4%
- META Meta Platforms Inc Class A3.0%
- WMT Walmart Inc2.7%
- GOOGL Alphabet Inc Class A2.7%
QQQM
- AAPL Apple Inc8.2%
- NVDA NVIDIA Corp8.0%
- MSFT Microsoft Corp6.3%
- MU Micron Technology Inc4.5%
- AMZN Amazon.com Inc4.2%
- AMD Advanced Micro Devices Inc3.7%
- TSLA Tesla Inc3.4%
- META Meta Platforms Inc Class A3.0%
- WMT Walmart Inc2.7%
- GOOGL Alphabet Inc Class A2.7%
QQQ vs QQQM: questions
Is QQQ or QQQM better?
It depends on the job. QQQM pays more today (0.48% vs 0.47%), QQQM costs less, and QQQM has the better total return over Oct 2020 to Oct 2026, with QQQM holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, QQQ or QQQM?
QQQM, at 0.48% against 0.47% for QQQ as of Nov 5, 2026. On $10,000 that's about $48 vs $47 a year at today's rates.
Which has the better total return?
QQQM. From Oct 2020 to Oct 2026, it returned 17.7% a year with distributions reinvested, against 17.7% for QQQ. $10,000 became $26,609 vs $26,553.
Which is cheaper, QQQ or QQQM?
QQQM, with a 0.15% expense ratio against 0.18%.
Do QQQ and QQQM hold the same things?
Partly. 10 of their top ten holdings match (AAPL, NVDA, MSFT, MU), at least 47% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. QQQM leads on 7 of 7 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.