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QQQ vs QQQM: Performance & Backtest Comparison
QQQM delivered the higher return - 18.28% CAGR vs 18.22% - over 2020-11-30 → 2026-07-31.
Growth comparison
Drawdown
Annual returns
| QQQ | QQQM | |
|---|---|---|
| Name | Invesco QQQ Trust, Series 1 | Invesco NASDAQ 100 ETF |
| CAGR | 18.22% | 18.28% |
| Total return | 161.84% | 162.54% |
| Volatility | 20.33% | 20.31% |
| Max drawdown | -32.70%Dec 2022 | -32.66%Dec 2022 |
| Sharpe | 0.78 | 0.78 |
| Sortino | 1.30 | 1.32 |
| Best year | 54.85% | 55.01% |
| Worst year | -32.70% | -32.66% |
| Final balance | $26,184 | $26,254 |
Correlation of monthly returns: 1.00. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, QQQ or QQQM?
Over 2020-11-30 to 2026-07-31, QQQM performed better: 18.28% annualized versus 18.22% for QQQ, with dividends reinvested. Past performance does not guarantee future results.
How similar are QQQ and QQQM?
Their monthly returns have a correlation of 1.00 over the common period. QQQ is Invesco QQQ Trust, Series 1; QQQM is Invesco NASDAQ 100 ETF.
Which is riskier, QQQ or QQQM?
Over the common period QQQ had 20.33% annualized volatility and a -32.70% max drawdown, versus 20.31% and -32.66% for QQQM.