Dividend comparison

QNDX vs QQQM: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for State Street SPDR Portfolio Nasdaq 100 ETF and Invesco NASDAQ 100 ETF, side by side. Updated October 21, 2026.

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QNDX vs QQQM: key differences
The short answer, from the latest data on this page.
  • Fees. QNDX is cheaper at 0.10% a year versus 0.15% for QQQM. On $10,000 that is $5 a year less in fees.
  • Income. QQQM pays more income, yielding 0.45% over the last twelve months versus 0.11% for QNDX. That is about $33 more a year on $10,000. QNDX pays annual, QQQM pays quarterly.
  • Risk. QQQM has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -35.0%, against -10.1% for QNDX.
  • Diversification. QQQM holds 103 positions and QNDX holds 101. The ten largest positions make up 47.2% of QNDX and 47.2% of QQQM.
  • Overlap. 100% of the two portfolios overlap by weight, across 98 shared holdings. Owning both adds little diversification.
  • Size. QQQM is the larger fund with $108.6 billion in assets, against $547 million for QNDX.

Bottom line: QNDX fits better if you care most about lower fees and smaller drawdowns. QQQM fits better if you care most about more income today. With 100% overlap, most investors would hold one or the other rather than both.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricQNDX
State Street SPDR Portfolio Nasdaq 100 ETF
QQQM
Invesco NASDAQ 100 ETF
Dividend yield (TTM)0.11%0.45%
Dividend / share (TTM)$0.03$1.32
Payout frequencyAnnualQuarterly
Last dividend$0.0270 on Sep 23, 2026$0.3127 on Sep 25, 2026
Ex-dividend dateSep 21, 2026Sep 21, 2026
Dividend growth (CAGR)—17.8% over 4 yrs
Price$24.29$295.59
Beta1.731.23
Max drawdown (5Y)-10.1%-35.0%
Market cap$40.9M$78.87B
ExchangeNASDAQNASDAQ
Expense ratio0.10%0.15%
Assets under management$547.3M$108.58B
Number of holdings101103
Top 10 concentration47.2%47.2%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

QNDX

$0.93/mo

$11 /yr at 0.11% yield

QQQM

$3.71/mo

$45 /yr at 0.45% yield

Dividend history
Total dividends paid per share in each calendar year. QNDX pays annual; QQQM pays quarterly.
YearQNDXQQQM
2025—$1.2592
2024—$1.2755
2023—$1.0965
2022—$0.9145
2021—$0.6549
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.

Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.

What QNDX vs QQQM actually do

QQQM
Invesco's cheaper Nasdaq-100 fund, holding the same index as QQQ and aimed at buy-and-hold investors.

Launched in 2020 as an open-end fund, it holds identical constituents at identical weights to its older sibling and charges a lower expense ratio. The gap in fee is small in any one year but compounds across a long holding period, which is the entire reason the fund exists. What it gives up is trading depth: spreads are wider and the options market on it is thin next to QQQ's.

Suits a long-term holder accumulating Nasdaq-100 exposure inside a retirement or taxable account. Not the right choice for active traders or anyone writing options against the position.

Growth-tilted core, concentrated

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jun 29, 2026 would now be worth $9,902 in QNDX and $9,917 in QQQM.
PeriodQNDXQQQM
1 month-0.49%-0.34%
3 months3.14%3.24%
Year to date—16.87%
1 year—17.41%
3 years—105.29%
5 years—96.99%
  • QNDX
  • QQQM
909810620269999

Both series indexed to 100 on 2026-06-29 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • QNDX
  • QQQM
0%15%29%44%59%Technology58.8%Communication Services12.1%Consumer Cyclical10.2%Consumer Defensive6.1%Industrials5.5%Healthcare4.4%Utilities1.1%Basic Materials1.0%Energy0.5%Financial Services0.3%Other0.1%
QNDX vs QQQM holdings overlap
100% overlap by weight, with 98 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsQNDX weightQQQM weight
NVDANVIDIA CORP8.18%8.17%
AAPLAPPLE INC7.82%7.82%
MSFTMICROSOFT CORP6.19%6.19%
AMZNAMAZON.COM INC4.42%4.42%
MUMICRON TECHNOLOGY INC4.41%4.41%
AMDADVANCED MICRO DEVICES3.79%3.79%
METAMETA PLATFORMS INC CLASS A3.28%3.28%
GOOGLALPHABET INC CL A3.15%3.15%
TSLATESLA INC3.02%3.02%
GOOGALPHABET INC CL C2.94%2.94%
Top 10 holdings
Largest positions by portfolio weight.

QNDX101 holdings total

NameWeight
NVDANVIDIA CORP8.18%
AAPLAPPLE INC7.82%
MSFTMICROSOFT CORP6.19%
AMZNAMAZON.COM INC4.42%
MUMICRON TECHNOLOGY INC4.41%
AMDADVANCED MICRO DEVICES3.79%
METAMETA PLATFORMS INC CLASS A3.28%
GOOGLALPHABET INC CL A3.15%
TSLATESLA INC3.02%
GOOGALPHABET INC CL C2.94%

QQQM103 holdings total

NameWeight
NVDANVIDIA Corp8.17%
AAPLApple Inc7.82%
MSFTMicrosoft Corp6.19%
AMZNAmazon.com Inc4.42%
MUMicron Technology Inc4.41%
AMDAdvanced Micro Devices Inc3.79%
METAMeta Platforms Inc3.28%
GOOGLAlphabet Inc3.15%
TSLATesla Inc3.02%
GOOGAlphabet Inc2.94%

Quick verdict

QNDX fits better if you care most about lower fees and smaller drawdowns. QQQM fits better if you care most about more income today. With 100% overlap, most investors would hold one or the other rather than both. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is QNDX or QQQM better for dividend income?
It depends on your goals. QNDX currently yields 0.11% Trailing Twelve Months (TTM) while QQQM yields 0.45%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between QNDX and QQQM?
State Street SPDR Portfolio Nasdaq 100 ETF (QNDX) is an ETF listed on NASDAQ. Invesco NASDAQ 100 ETF (QQQM) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, QNDX or QQQM?
QNDX has the lower expense ratio. QNDX charges 0.10% a year and QQQM charges 0.15%, a difference of $5 a year on a $10,000 investment.
Which is riskier, QNDX or QQQM?
Measured by the worst peak-to-trough decline over the last five years, QQQM has been riskier: QNDX fell as much as 10.1% and QQQM as much as 35.0%. Their betas are 1.73 and 1.23.
How much do QNDX and QQQM overlap?
About 100% of the two portfolios overlap by weight, across 98 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both adds little diversification.
How often do QNDX and QQQM pay dividends?
QNDX pays annual and QQQM pays quarterly.
How much income does $10,000 in QNDX vs QQQM generate?
At current TTM yields, $10,000 in QNDX would generate roughly $0.93 per month ($11 annually). The same amount in QQQM would produce about $3.71 per month ($45 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QNDX and QQQM?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare QNDX vs QQQM with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QNDX and QQQM fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.