QQA vs QQQM
Invesco QQQ Income Advantage ETF vs Invesco NASDAQ 100 ETF
Which is better, QQA or QQQM?
Nearly the same fund. QQQM costs less.
QQQM has a lower expense ratio. QQQM led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. QQQM is less concentrated, with 46.8% of the fund in its ten largest positions against 52.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQA | QQQM |
|---|---|---|
| Expense Ratio | 0.29% | 0.15%Best |
| AUM | $937M | $111.6B |
| Dividend Yield | 9.80% | 0.43% |
| Holdings | 246 | 327 |
| YTD Return | +15.40% | +19.32%Best |
| 1Y Return | +17.73% | +22.49%Best |
| 3Y Return (annualized) | - | +26.25% |
| 5Y Return (annualized) | - | +15.50% |
| Volatility (annualized) | 12.5%Best | 17.6% |
| Max Drawdown | -19.7%Best | -22.7% |
| $10,000 over 2.2 years | $14,495 | $15,196Best |
| Top 10 Weight | 52.9% | 46.8%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 17, 2024 | Oct 13, 2020 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 17, 2024 to Oct 14, 2026 (2.2 years).
QQA vs QQQM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
QQA vs QQQM Performance
Invesco QQQ Income Advantage ETF (QQA) is an ETF from Invesco (US) and Invesco NASDAQ 100 ETF (QQQM) is an ETF from Invesco (US). Over the past year QQA returned +17.73% while QQQM returned +22.49%. Year to date, QQA is up 15.40% versus a gain of 19.32% for QQQM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQM has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 12.5% for QQA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.7% for QQA and -22.7% for QQQM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQA charges 0.29% per year while QQQM charges 0.15%. On a $10,000 position that is $29 vs $15 annually, a gap of $14 per year that compounds over a long holding period. On income, QQA currently yields 9.80% against 0.43% for QQQM.
Holdings Overlap
75.3% of QQA's money is in holdings QQQM also owns. 99.1% of QQQM's money is in holdings QQA also owns.
Most of QQQM is already inside QQA. Owning both mostly buys the same companies twice.
100 positions in common, counted across the 112 positions we hold weights for in QQA and 102 in QQQM, against full books of 246 and 327.
What only one of them owns
Our book lists 1 positions for QQQM that do not appear in our book for QQA (0.1% of the fund), and 4 for QQA that do not appear in QQQM (20.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQA | Weight in QQQM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.42% | 8.44% | 2.02% |
| AAPLApple, Inc | 5.54% | 7.29% | 1.75% |
| MSFTMicrosoft Corp | 4.37% | 5.75% | 1.38% |
| MUMicron Technology, Inc. | 3.81% | 5.02% | 1.21% |
| AMDAdvanced Micro Devices Inc | 3.25% | 4.28% | 1.03% |
| AMZNAmazon.Com Inc | 3.09% | 4.06% | 0.97% |
| METAMeta Platforms Inc | 2.46% | 3.24% | 0.78% |
| GOOGLAlphabet Inc | 2.29% | 3.02% | 0.73% |
| TSLATesla Inc | 2.22% | 2.91% | 0.69% |
| GOOGAlphabet Inc. C | 2.14% | 2.82% | 0.68% |
99.1% of QQQM is already inside QQA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQA or QQQM?
QQA has an expense ratio of 0.29% while QQQM charges 0.15%. QQQM is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, QQA or QQQM?
Over the past year QQA returned +17.73% vs +22.49% for QQQM, so QQQM leads on 1-year performance. Over the longest common window we track (2 years), QQA annualized +18.38% vs +20.95% for QQQM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQA or QQQM?
QQQM has been the more volatile fund at 17.6% annualized versus 12.5% for QQA. Worst drawdown: QQA -19.7% vs QQQM -22.7%.
Should I hold both QQA and QQQM?
QQA and QQQM have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQA and QQQM?
99.1% of QQQM's money is in holdings QQA also owns. 99.1% of QQQM's is in holdings QQA also owns. They hold 100 positions in common, counted across the 112 positions we hold weights for in QQA and 102 in QQQM.
Which pays a higher dividend, QQA or QQQM?
QQA yields 9.80% while QQQM yields 0.43%, so QQA currently pays the higher dividend yield.
Is QQQM better than QQA?
QQQM has a lower expense ratio. QQQM led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. QQQM is less concentrated, with 46.8% of the fund in its ten largest positions against 52.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.