QQQ vs TMID
Invesco QQQ Trust, Series 1 vs T. Rowe Price Mid-Cap Equity Research ETF
Which is better, QQQ or TMID?
Large Cap Growth against Mid Cap Blend.
QQQ has a lower expense ratio. TMID is less concentrated, with 9.6% of the fund in its ten largest positions against 46.7%.
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 | QQQ | TMID |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.47% |
| AUM | $506.1B | $12M |
| Dividend Yield | 0.42% | 0.00% |
| Holdings | 321 | 391 |
| YTD Return | +19.30%Best | +0.46% |
| 1Y Return | +22.47% | - |
| 3Y Return (annualized) | +26.18% | - |
| 5Y Return (annualized) | +15.42% | - |
| Top 10 Weight | 46.7% | 9.6%Best |
| Fund Family | Invesco (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Growth | Mid Cap Blend |
| Inception | Mar 10, 1999 | Sep 16, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
QQQ vs TMID 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QQQ vs TMID Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and T. Rowe Price Mid-Cap Equity Research ETF (TMID) is an ETF from T.Rowe Price. Year to date, QQQ is up 19.30% versus a gain of 0.46% for TMID.
Past performance does not guarantee future results.
Fees and Cost Over Time
QQQ charges 0.18% per year while TMID charges 0.47%. On a $10,000 position that is $18 vs $47 annually, a gap of $29 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.00% for TMID.
Holdings Overlap
4.3% of QQQ's money is in holdings TMID also owns. 7.1% of TMID's money is in holdings QQQ also owns.
TMID and QQQ share little of their money.
21 positions in common, counted across the 101 positions we hold weights for in QQQ and 391 in TMID, against full books of 321 and 391.
What only one of them owns
Our book lists 346 positions for TMID that do not appear in our book for QQQ (87.1% of the fund), and 72 for QQQ that do not appear in TMID (91.9%).
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 QQQ | Weight in TMID | Difference |
|---|---|---|---|
| ALNYAlnylam Pharmaceuticals Inc. | 0.14% | 1.31% | 1.17% |
| LITELumentum Holdings Inc | 0.36% | 0.56% | 0.20% |
| DDOGDatadog Inc. Class A | 0.38% | 0.48% | 0.10% |
| FANGDiamondback Energy Inc. | 0.21% | 0.61% | 0.40% |
| TERTeradyne Inc - Common | 0.26% | 0.54% | 0.28% |
| EXCExelon Corp. | 0.17% | 0.60% | 0.43% |
| ALABAstera Labs Inc | 0.26% | 0.49% | 0.23% |
| IDXXIDEXX Laboratories Inc | 0.17% | 0.45% | 0.28% |
| ODFLOld Dominion Freig | 0.15% | 0.37% | 0.22% |
| PYPLPaypal Holdings Inc | 0.19% | 0.27% | 0.08% |
You are not choosing between two funds in isolation.
Whichever of QQQ and TMID you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or TMID?
QQQ has an expense ratio of 0.18% while TMID charges 0.47%. QQQ is the cheaper option, by $29 a year on a $10,000 investment.
What is the holdings overlap between QQQ and TMID?
7.1% of TMID's money is in holdings QQQ also owns. 7.1% of TMID's is in holdings QQQ also owns. They hold 21 positions in common, counted across the 101 positions we hold weights for in QQQ and 391 in TMID.
Which pays a higher dividend, QQQ or TMID?
QQQ yields 0.42% while TMID yields 0.00%, so QQQ currently pays the higher dividend yield.
Is TMID better than QQQ?
QQQ has a lower expense ratio. TMID is less concentrated, with 9.6% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.