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ETF Comparison

QQQM vs SCHG: Which Is the Better Pick in 2026?

A head-to-head comparison of Invesco NASDAQ 100 ETF and Schwab U.S. Large-Cap Growth ETF covering yield, cost, risk, and income potential.

Data updated July 21, 2026

Invesco
ETFs254
Total AUM$964B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Invesco is a major ETF provider known for offering a comprehensive lineup spanning multiple asset classes and investment strategies. The company specializes in income-focused products including dividend, covered call, and bond strategies, while also maintaining broad exposure across equity, factor-based, thematic, and ESG investing themes. Invesco's portfolio ranges from index-tracking funds to alternatives and specialized offerings like digital assets and BulletShares, making it one of the more expansive ETF families available to investors.

See our curated list of related YouTube videos on QQQM.

See all Invesco ETFs
Schwab
ETFs34
Total AUM$586B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.

See our curated list of related YouTube videos on SCHG.

See all Schwab ETFs

Side-by-side snapshot

QQQMSCHG
Full nameInvesco NASDAQ 100 ETFSchwab U.S. Large-Cap Growth ETF
IssuerInvescoSchwab
Last Close$286.58 as of July 21, 2026$34.15 as of July 21, 2026
Distribution yield0.49%0.40%
Distribution Safety Score™ 96100
Expense ratio0.15%0.04%
AUM$97.5B$59.8B
Distribution frequencyQuarterlyQuarterly
Underlying indexNASDAQ-100 IndexDow Jones U.S. Large-Cap Growth Total Stock Market Index
ObjectiveTrack the NASDAQ-100 Index with a lower expense ratio alternative to QQQ.Capital Appreciation
Asset classEquityEquity
Inception date10/13/202012/11/2009
Beta1.181.21
Last dividend$0.3520$0.0340
Ex-dividend date06/22/202606/24/2026

Bottom lineQQQM and SCHG are nearly interchangeable — both track the Nasdaq-100 with very similar cost and risk. The clearest tie-breaker is cost: SCHG is cheaper at 0.04% vs 0.15%.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

QQQM has outpaced SCHG over the trailing twelve months, posting a 24.03% total return against 15.00%. The lead holds up over 5 years too: QQQM has compounded at 15.19% a year, against 13.80% for SCHG. Figures are total returns: price change plus every distribution reinvested.

SymbolYTD1Y3Y5YSince Oct 2020Volatility Sharpe Sortino Max drawdown
QQQM13.81%24.03%23.49%15.19%16.84%20.1%0.831.19-22.7%
SCHG5.31%15.00%21.86%13.80%15.53%19.4%0.791.13-23.4%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 20, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Oct 2020” measures every fund from October 13, 2020 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

QQQM (Invesco NASDAQ 100 ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

QQQM offers the higher yield at 0.49% vs 0.40% for SCHG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SCHG is cheaper with an expense ratio of 0.04% compared to 0.15%.

They track different benchmarks: QQQM is linked to NASDAQ-100 Index while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which means their performance drivers differ.

QQQM is the larger fund by assets ($97.5B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, QQQM would generate roughly $4.08/month, while SCHG would produce $3.33/month, at current distribution rates. Both pay quarterly distributions.

QQQM yield0.49%
SCHG yield0.40%
Monthly diff on $10K$0.75

Cost & efficiency

Over 10 years on $10,000, QQQM would cost approximately $150 in fees vs $40 for SCHG (simplified, not compounded). The $110.00 difference may be offset by yield or performance.

QQQM ER0.15%
SCHG ER0.04%

Strategy & risk

QQQM tracks NASDAQ-100 Index with a growth approach, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach. Beta is 1.18 for QQQM and 1.21 for SCHG, indicating QQQM is less volatile relative to the market.

QQQM beta1.18
SCHG beta1.21

Fund details

QQQM is managed by Invesco (launched 10/13/2020) with $97.5B in assets. SCHG is managed by Schwab (launched 12/11/2009) with $59.8B in assets.

QQQM AUM$97.5B
SCHG AUM$59.8B
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Frequently asked questions

Is QQQM or SCHG better for dividend income?

It depends on your goals. QQQM currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between QQQM and SCHG?

QQQM (Invesco NASDAQ 100 ETF) tracks NASDAQ-100 Index with a growth approach, while SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach. They are issued by Invesco and Schwab respectively.

Can I hold both QQQM and SCHG?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, QQQM or SCHG?

QQQM has an expense ratio of 0.15% while SCHG charges 0.04%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in QQQM vs SCHG generate?

At current rates, $10,000 in QQQM would generate roughly $4.08 per month ($49.00 annually). The same in SCHG would produce about $3.33 per month ($40.00 annually).

Which has performed better historically, QQQM or SCHG?

QQQM has outpaced SCHG over the trailing twelve months, posting a 24.03% total return against 15.00%. The lead holds up over 5 years too: QQQM has compounded at 15.19% a year, against 13.80% for SCHG. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

QQQM vs SCHG — at a glance

Generated July 2026 from current fund data.

Overview

QQQM and SCHG are both large-cap growth ETFs tracking U.S. equity indexes, but they offer meaningfully different exposure. QQQM tracks the NASDAQ-100—a 100-stock index heavily weighted to technology, semiconductors, and internet companies—while SCHG tracks the broader Dow Jones U.S. Large-Cap Growth Index, which spans the wider growth universe across sectors. The choice hinges on how concentrated you're willing to be in tech-heavy growth.

How they differ

The biggest difference is concentration: QQQM's NASDAQ-100 is fundamentally a tech-focused basket, whereas SCHG's Dow Jones index spreads large-cap growth exposure across more sectors and a wider set of holdings. That shows up in beta—SCHG's 1.21 versus QQQM's 1.18—but the real distinction is what you're buying: QQQM is lean-in tech; SCHG is diversified growth.

Second, fees and scale work in SCHG's favor. Its 0.04% expense ratio is less than a third of QQQM's 0.15%, and while QQQM holds more assets at $96.8B, SCHG's $58.4B is substantial and growing. Over decades, that fee gap compounds.

Third, yield is negligible for both—0.47% for QQQM and 0.39% for SCHG—so this isn't an income decision. QQQM's slightly higher payout reflects the dividend behavior of its mega-cap tech holdings; SCHG's reflects a broader mix. Both distribute quarterly.

Who each is best for

QQQM: Fits investors who want concentrated exposure to large-cap technology and want to track the NASDAQ-100 as a core holding, accepting higher volatility in exchange for a pure tech-growth tilt.

SCHG: Fits investors seeking large-cap growth exposure with sector diversification, lower fees, and a longer track record in a simple, low-cost vehicle.

Key risks to know

  • Concentration in technology: QQQM's NASDAQ-100 structure means Apple, Microsoft, Nvidia, Tesla, and a handful of other mega-caps dominate the fund. A drawdown in big tech hits harder here than in SCHG.
  • Sector rotation risk: SCHG's broader index means it captures growth across healthcare, industrials, and discretionary alongside tech. QQQM has limited exposure to defensive or non-tech growth, so extended periods of tech underperformance leave fewer hedges.
  • QQQM's younger inception: QQQM launched in October 2020; SCHG in December 2009. SCHG has weathered multiple market cycles, including 2020's volatility; QQQM's track record, while growing, is newer and hasn't seen a sustained bear market.
  • Valuation sensitivity: Both funds hold expensive growth stocks with low dividend yields, so rising interest rates and multiple compression pose a shared risk. The effect is slightly more acute in QQQM due to its tech weighting.

Bottom line

If you want concentrated, tech-forward growth and are comfortable with NASDAQ-100 exposure, QQQM offers that directly with adequate scale. If you prefer a broader growth mandate with meaningfully lower fees and a longer operating history, SCHG stands out. Past performance does not predict future results; both funds will fluctuate with growth-stock sentiment and macroeconomic conditions.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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