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ETF Comparison

QQQM vs VOO: Same Large-Cap Market, Different Breadth

A head-to-head of Invesco's Nasdaq-100 ETF and Vanguard's S&P 500 ETF focused on index breadth, sector concentration, overlap, and cost — not the small yield gap.

Updated October 2, 2026

How these figures are calculated: methodology.

Best for

  • QQQMInvestors who want Nasdaq-100 exposure and can accept a more concentrated book.
  • VOOInvestors who want broader S&P 500 exposure and lower measured market sensitivity.

Jump to the side-by-side numbers

Visual comparison

Key metrics

Projected income on $10K

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 outpaced VOO over the trailing twelve months, posting a 24.91% total return against 16.45%. The lead holds up over 5 years too: QQQM has compounded at 16.56% a year, against 13.71% for VOO. VOO has been the steadier holding, though — annualized volatility of 14.8% against 20.2% for QQQM. 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.
SymbolYTD cumulative1Y cumulative3Y annualized5Y annualizedSince Oct 2020Volatility Sharpe Sortino Max drawdown
QQQM22.72%24.91%28.34%16.56%17.70%20.2%1.021.47-22.7%
VOO13.59%16.45%23.23%13.71%15.75%14.8%1.111.61-18.7%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 2, 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.
MetricQQQMVOO
Full nameInvesco NASDAQ 100 ETFVanguard S&P 500 ETF
IssuerInvescoVanguard
Underlying indexNASDAQ-100 IndexS&P 500 Index
Last Close$308.69 as of October 2, 2026$707.54 as of October 2, 2026
Distribution rate0.41%1.03%
Trailing 12-month yield0.43%1.05%
Distribution Safety Score™ 97100
Safety-Adjusted Yield 0.40%1.03%
Expense ratio0.15%0.03%
AUM$110B$1041B
Distribution frequencyQuarterlyQuarterly
ObjectiveTrack the NASDAQ-100 Index with a lower expense ratio alternative to QQQ.Track the performance of the S&P 500 Index, representing 500 of the largest U.S. companies.
Asset classEquityEquity
Inception date10/13/202009/07/2010
Beta1.181.0
Last dividend$0.313$1.8226
Ex-dividend date09/21/202609/28/2026

Bottom lineChoose QQQM if you want Nasdaq-100 exposure and can accept a more concentrated book. Choose VOO if you want broader S&P 500 exposure and lower measured market sensitivity.

QQQM vs VOO: the index is the whole decision

Both are cheap US large-cap index funds. QQQM is 100 Nasdaq names, technology-heavy, with financials excluded by rule. VOO is about 500 companies across every major sector. Yields sit close; holding both doubles the Nasdaq-100 names that already sit inside VOO.

QQQMVOO
IndexNASDAQ-100 IndexS&P 500 Index
How many stocks100 non-financial Nasdaq companiesAbout 500 US large caps
Sector tiltTechnology-heavy; financials excluded by ruleEvery major sector at S&P 500 weights
Expense ratio0.15%0.03%
Distribution rate0.41%1.03%
If you already own the otherAdds Nasdaq concentration on top of VOOAlready includes most QQQM names
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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Invesco
ETFs246
Total AUM$1012B

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
Vanguard
ETFs116
Total AUM$4676B

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

Vanguard is one of the largest and most established ETF issuers, known for low-cost, broadly diversified fund offerings built on passive indexing principles. Their lineup spans multiple asset classes and strategies, including core equity and bond index funds, dividend-focused portfolios, ESG-screened options, factor-based strategies, sector exposure, target-date retirement funds, and international investments across developed and emerging markets. The platform is characterized by its emphasis on accessibility and cost efficiency across a comprehensive range of fund families, serving both individual investors seeking broad market exposure and those pursuing specific income, sustainability, or thematic objectives.

See our curated list of related YouTube videos on VOO.

See all Vanguard ETFs

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Quick verdict

QQQM (Invesco NASDAQ 100 ETF) and VOO (Vanguard S&P 500 ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

VOO offers the higher yield at 1.03% vs 0.41% for QQQM. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

VOO is cheaper with an expense ratio of 0.03% compared to 0.15%.

They have different reference exposures: QQQM is linked to NASDAQ-100 Index while VOO is linked to S&P 500 Index, which means their performance drivers differ.

VOO is the larger fund by assets ($1041B), but assets alone do not establish trading costs or liquidity.

Who should choose each?

Choose QQQM

Invesco NASDAQ 100 ETF

  • Want Nasdaq-100 exposure — fewer names, heavier technology weight, and typically a higher current distribution.
  • Want a growth tilt and can accept larger swings for more upside.

Choose VOO

Vanguard S&P 500 ETF

  • Want broader S&P 500 exposure — more sectors, less mega-cap concentration, and typically lower beta.
  • Want higher current income — VOO yields 1.03% vs 0.41% for QQQM.
  • Want simple, diversified core exposure as a portfolio building block.
  • Want to keep costs low — a 0.03% expense ratio vs 0.15% for QQQM.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, QQQM would generate roughly $10.25 cash per distribution, while VOO would produce $25.75 cash per distribution, at current distribution rates. Both pay quarterly distributions.

QQQM yield0.41%
VOO yield1.03%
Cash diff on $10K$15.50

Cost & efficiency

Over 10 years on $10,000, QQQM would cost approximately $150 in fees vs $30 for VOO (simplified, not compounded). The $120.00 difference may be offset by yield or performance.

QQQM ER0.15%
VOO ER0.03%

Strategy & risk

QQQM tracks NASDAQ-100 Index with a growth approach, while VOO tracks S&P 500 Index with a large cap approach. Beta is 1.18 for QQQM and 1.0 for VOO, making VOO the less volatile of the two by this measure.

QQQM beta1.18
VOO beta1.0

Fund details

QQQM is managed by Invesco (launched 10/13/2020) with $110B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $1041B in assets.

QQQM AUM$110B
VOO AUM$1041B
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Frequently asked questions

What is the difference between QQQM and VOO?

They are not the same fund. VOO tracks S&P 500 Index — around 500 US large caps across every major sector. QQQM tracks NASDAQ-100 Index: 100 Nasdaq-listed companies with financials excluded by index rule, so it is much more concentrated in technology and a handful of mega caps. Breadth, not yield, is the main difference — QQQM distributes 0.41% at 0.15% versus 1.03% at 0.03% for VOO. Holding both means owning most of the Nasdaq-100 twice, since those names already sit inside VOO. Figures as of October 2026.

What is the current distribution rate for QQQM and VOO?

QQQM currently distributes 0.41% and VOO 1.03%, based on fund data updated October 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is QQQM or VOO better for dividend income?

It depends on your goals. VOO 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.

Can I hold both QQQM and VOO?

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.

Is QQQM or VOO safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — VOO scores 100, QQQM scores 97, so VOO's payout currently looks the more resilient of the two. VOO has also shown lower price volatility (beta 1.00 vs 1.18 for QQQM). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.

Which has lower fees, QQQM or VOO?

QQQM has an expense ratio of 0.15% while VOO charges 0.03%. Lower fees mean more of your investment returns stay in your pocket over time.

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

At current rates, $10,000 in QQQM would generate roughly $10.25 cash per distribution ($41.00 annually). The same in VOO would produce about $25.75 cash per distribution ($103.00 annually).

Which has performed better historically, QQQM or VOO?

QQQM has outpaced VOO over the trailing twelve months, posting a 24.91% total return against 16.45%. The lead holds up over 5 years too: QQQM has compounded at 16.56% a year, against 13.71% for VOO. VOO has been the steadier holding, though — annualized volatility of 14.8% against 20.2% for QQQM. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

QQQM vs VOO — at a glance

Generated October 3, 2026.

Overview

QQQM and VOO are both broad-market equity ETFs tracking major U.S. indexes, but they target fundamentally different segments of the market. QQQM tracks the NASDAQ-100, which consists of 100 of the largest non-financial companies listed on the Nasdaq, with heavy exposure to technology, growth, and internet sectors. VOO tracks the S&P 500, which includes 500 of the largest U.S. companies across all sectors and delivers a blend of growth and value characteristics typical of the overall market. The key distinction is that QQQM is concentrated in high-growth sectors while VOO provides broader diversification across the entire large-cap U.S. economy.

How they differ

QQQM's underlying—the NASDAQ-100—excludes financials and skews heavily toward technology and growth companies, whereas VOO's S&P 500 includes all sectors and is designed to represent the U.S. market as a whole. This structural difference is reflected in their beta figures: QQQM carries a beta of 1.18, meaning it amplifies broad market moves, while VOO has a beta of 1.0, moving in line with the market. On the income front, VOO yields 1.03% compared to QQQM's 0.41%, a gap driven by VOO's broader sector mix including utilities, financials, and consumer staples—sectors with higher dividend payers. VOO dwarfs QQQM in total assets at $1041B, reflecting its role as one of the largest equity ETFs globally.

Who each is best for

QQQM: Fits investors seeking concentrated exposure to the technology and growth sectors with an appetite for higher volatility and potential for capital appreciation over income. The lower yield and beta above 1.0 appeal to those with longer time horizons comfortable accepting drawdowns tied to growth-sector cycles.

VOO: Fits investors building a core holding that mirrors broad U.S. market exposure across sectors, industries, and valuations. The higher yield, lower volatility, and simplified sector balance suit those prioritizing stability, diversification, and income alongside growth.

Key risks to know

  • Sector concentration. QQQM's heavy weighting to technology and internet companies means its returns move sharply with sector cycles and regulatory risk affecting that sector. VOO, dispersed across ten sectors, does not share this concentration exposure.
  • Interest-rate sensitivity. Growth stocks and tech valuations are more sensitive to rising rates than the broader market. If rates move higher, QQQM's beta of 1.18 amplifies this pressure relative to VOO's market-tracking beta of 1.0.
  • Valuation premium risk. The NASDAQ-100's dominance of mega-cap growth names means the index tends to command higher price-to-earnings multiples than the S&P 500. Multiple compression in growth stocks would likely affect QQQM more severely than VOO.
  • Holdings overlap. Both ETFs hold many of the same mega-cap technology stocks (Apple, Microsoft, Nvidia, Tesla, Alphabet). Correlation between them is high, limiting diversification benefit if held together.

Bottom line

If you want concentrated growth-sector upside and can tolerate higher volatility, QQQM's lower fees and tech focus appeal. If you prioritize broad diversification, lower correlation to interest-rate moves, and higher current yield, VOO's market-cap-weighted approach fits better. Past performance does not predict future results; each fund's forward returns depend on sector performance and macroeconomic conditions.

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

Learn the method

The metrics behind this comparison, explained in the Academy.

Dividend growth vs. high yield Yield on cost, explained How expense ratios eat returns

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These comparisons follow the Dividend Vision methodology.