Oct 13, 2020 – Nov 12, 2026, QQQM sets the start date
Growth of $10,000
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Key metrics · Oct 13, 2020 – Nov 12, 2026
| Return | QQQ | QQQM |
|---|---|---|
| Final balance | $24,204 | $24,288 |
| Total return | +142.04% | +142.88% |
| CAGR | +15.65% | +15.71% |
| Calendar years | QQQ | QQQM |
|---|---|---|
| Best year | +54.86% | +55.01% |
| Worst year | −32.58% | −32.52% |
| Positive years | 4 of 5 | 4 of 5 |
| Risk | QQQ | QQQM |
|---|---|---|
| Max drawdown | −35.12% | −35.04% |
| Longest drawdown | 2 years | 2.1 years |
| Volatility (daily, annualized) | 22.53% | 22.36% |
| Risk-adjusted | QQQ | QQQM |
|---|---|---|
| Sharpe ratio | 0.76 | 0.77 |
| Sortino ratio | 1.09 | 1.10 |
| Calmar ratio | 0.45 | 0.45 |
Trailing returns · Oct 13, 2020 – Nov 12, 2026
| Period | QQQ | QQQM | QQQ − QQQM |
|---|---|---|---|
| YTD | +12.40% | +12.45% | −0.04% |
| 1Y | +11.32% | +11.36% | −0.04% |
| 3Y | +22.75% | +22.84% | −0.09% |
| 5Y | +12.43% | +12.51% | −0.08% |
Rolling returns · Oct 13, 2020 – Nov 12, 2026
| Period | QQQ median | QQQM median | More often ahead |
|---|---|---|---|
| 1Y | +22.88% | +22.94% | QQQM 94% |
| 3Y | +16.63% | +16.68% | QQQM 99% |
| 5Y | +15.25% | +15.33% | QQQM 99% |
Worst drawdowns · QQQ · Oct 13, 2020 – Nov 12, 2026
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −35.1% | Dec 2021 | Nov 2022 | Dec 2023 | 2 years |
| −22.8% | Feb 2025 | Apr 2025 | Jun 2025 | 4 months |
| −14.8% | Oct 2026 | Nov 2026 | Not yet | 1 month so far |
| −13.6% | Jul 2024 | Aug 2024 | Nov 2024 | 4 months |
| −12.0% | Oct 2025 | Mar 2026 | Apr 2026 | 6 months |
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −35.0% | Nov 2021 | Nov 2022 | Dec 2023 | 2.1 years |
| −22.7% | Feb 2025 | Apr 2025 | Jun 2025 | 4 months |
| −14.7% | Oct 2026 | Nov 2026 | Not yet | 1 month so far |
| −13.6% | Jul 2024 | Aug 2024 | Nov 2024 | 4 months |
| −12.0% | Oct 2025 | Mar 2026 | Apr 2026 | 6 months |
Annual returns
| Year | QQQ | QQQM | QQQ − QQQM |
|---|---|---|---|
| 2020from Oct 13 | +6.72% | +6.67% | +0.05% |
| 2021 | +27.42% | +27.45% | −0.03% |
| 2022 | −32.58% | −32.52% | −0.06% |
| 2023 | +54.86% | +55.01% | −0.16% |
| 2024 | +25.58% | +25.68% | −0.10% |
| 2025 | +20.77% | +20.85% | −0.08% |
| 2026to Nov 12 | +12.40% | +12.45% | −0.04% |
Holdings overlap
QQQ as of Jun 30, 2026 · QQQM as of Aug 31, 2026
101 holdings in common, of 102 in QQQ and 102 in QQQM
| Largest in common | QQQ | QQQM | Overlap |
|---|---|---|---|
| NVDANVIDIA Corporation | 7.60% | 8.51% | 7.60% |
| AAPLApple Inc. | 6.67% | 7.41% | 6.67% |
| MUMicron Technology, Inc. | 5.64% | 4.76% | 4.76% |
| MSFTMicrosoft Corporation | 4.35% | 6.00% | 4.35% |
| AMZNAmazon.com, Inc. | 4.02% | 4.45% | 4.02% |
| AMDAdvanced Micro Devices, Inc. | 4.10% | 3.38% | 3.38% |
| GOOGLAlphabet Inc. | 3.27% | 3.15% | 3.15% |
| TSLATesla, Inc. | 3.30% | 2.93% | 2.93% |
| GOOGAlphabet Inc. | 3.02% | 2.92% | 2.92% |
| AVGOBroadcom Inc. | 2.81% | 2.80% | 2.80% |
About QQQ vs QQQM
Both are Invesco funds that track the Nasdaq-100. QQQM launched in October 2020 with a lower fee, for investors who buy and hold. QQQ trades far more shares a day and has a much larger options market. Until December 2025, QQQ was a unit investment trust that couldn't reinvest dividends or lend out its stocks. It's now an ordinary fund like QQQM.
QQQ returned 15.6% a year from Oct 2020 to Nov 2026, against 15.7% for QQQM. Both fell furthest in 2021–2022, QQQ by 35.1% and QQQM by 35.0%. QQQM beat QQQ in all 5 full years and in 99% of rolling 5-year periods.
Uses daily closing prices with dividends reinvested. Fund fees are included, but not taxes or trading costs. The comparison starts on Oct 13, 2020, when QQQM's prices begin.