Head-to-head over the 6-year window both funds have in common (2020-10-13 → 2026-10-23): QQQ (Invesco QQQ (Nasdaq-100)) vs QQQM (Invesco Nasdaq-100 ETF) — total return with dividends reinvested, both starting at $10,000 on the same date.
On risk-adjusted return, QQQM came out ahead of QQQ —
but the gap is only half the story. Drawdown and yield often matter more.
QQQ vs QQQM — the numbers
| Metric | QQQ | QQQM |
|---|---|---|
| CAGR | 16.2% | 16.3% |
| Volatility | 22.3% | 22.2% |
| Sharpe | 0.79 | 0.79 |
| Sortino | 1.12 | 1.13 |
| Max drawdown | -35.1% | -35.0% |
| Dividend yield | 0.44% | 0.45% |
| $10k → today | $24,774 | $24,860 |
Compared over the exact period both funds existed, so the window is shorter than 10 years when one fund is newer. Past performance doesn't predict the future — try your own dates in the tool.