QQQM tracks the Nasdaq-100, roughly one hundred large nonfinancial companies listed on Nasdaq across technology, consumer, health care and other sectors. SOXX tracks the NYSE Semiconductor Index, about thirty companies that design, make or supply equipment for chips. SOXX is a single-industry bet that already appears inside QQQM; the decision is how much of the portfolio should be semiconductors.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
QQQM has lagged SOXX over the trailing twelve months, posting a 18.90% total return against 71.28%. The lead holds up over 5 years too: SOXX has compounded at 27.61% a year, against 14.73% for QQQM. QQQM has been the steadier holding, though — annualized volatility of 20.3% against 39.9% for SOXX. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 16, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Oct 2020” measures every fund from October 13, 2020 — the start of shared available history — 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.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
Bottom lineChoose QQQM if you want broad large-cap growth exposure and accept technology weight. Choose SOXX if you want a direct semiconductor allocation and accept industry-cycle drawdowns. Usually the opposite. The largest semiconductor names in SOXX are also large positions in QQQM, so holding both increases the weight of the same companies rather than spreading risk. Check the combined dollar exposure to shared holdings before adding SOXX to a QQQM position. A semiconductor downturn would hit both funds at once, SOXX harder.
QQQM vs SOXX: Nasdaq-100 or Semiconductors Only?
QQQM tracks the Nasdaq-100, roughly one hundred large nonfinancial companies listed on Nasdaq across technology, consumer, health care and other sectors. SOXX tracks the NYSE Semiconductor Index, about thirty companies that design, make or supply equipment for chips. SOXX is a single-industry bet that already appears inside QQQM; the decision is how much of the portfolio should be semiconductors.
QQQM
SOXX
Approach
Nasdaq-100: large Nasdaq-listed nonfinancial companies
NYSE Semiconductor Index: about 30 chip companies
Risk review
Large-company and technology concentration, equity losses
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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
iShares, operated by BlackRock, is one of the largest and most established ETF providers globally, known for offering broad, liquid index-tracking funds across nearly all asset classes and investment styles. The lineup encompasses a comprehensive range of strategies including core equity and bond exposure, dividend and income-focused funds, covered call strategies, ESG and thematic investments, factor-based approaches, alternatives, commodities, and municipal bonds, serving both individual and institutional investors. With numerous popular ticker symbols and extensive diversification across geographies, sectors, and investment objectives, iShares provides one of the market's widest selections of ETFs for building diversified portfolios.
See our curated list of related YouTube videos on SOXX.
QQQM tracks the Nasdaq-100, roughly one hundred large nonfinancial companies listed on Nasdaq across technology, consumer, health care and other sectors. SOXX tracks the NYSE Semiconductor Index, about thirty companies that design, make or supply equipment for chips. SOXX is a single-industry bet that already appears inside QQQM; the decision is how much of the portfolio should be semiconductors.
Usually the opposite. The largest semiconductor names in SOXX are also large positions in QQQM, so holding both increases the weight of the same companies rather than spreading risk. Check the combined dollar exposure to shared holdings before adding SOXX to a QQQM position. A semiconductor downturn would hit both funds at once, SOXX harder.
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Semiconductor demand runs in multi-year cycles tied to data centers, phones and autos, so SOXX can lead QQQM by a wide margin for a few years and then give it back. Compare the two over a full cycle, not from a trough, and look at maximum drawdown alongside return. A higher return with a far deeper drawdown is a different risk, not a strictly better fund.
Current metrics use the dated snapshot above. Distributions can vary and may include return of capital; a distribution rate is not an expected total return.
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Frequently asked questions
Does owning QQQM and SOXX together add diversification?
Usually the opposite. The largest semiconductor names in SOXX are also large positions in QQQM, so holding both increases the weight of the same companies rather than spreading risk. Check the combined dollar exposure to shared holdings before adding SOXX to a QQQM position. A semiconductor downturn would hit both funds at once, SOXX harder.
How should I compare risk and ownership costs?
Compare current expense ratios on the issuer pages; SOXX charges more than QQQM. Then compare bid-ask spreads and premiums or discounts for the size you trade. Use matching dates and reinvested distributions for total return; the chip cycle makes start and end dates decisive for this pair. Neither fund's dividend is a reason to own it.
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