Dividend comparison

QQQ vs QQQM: Which Is Better for Income?

Side-by-side yield, projected income, and dividend fundamentals for Invesco QQQ Trust, Series 1 and Invesco NASDAQ 100 ETF. Updated July 26, 2026.

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Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricQQQ
Invesco QQQ Trust, Series 1
QQQM
Invesco NASDAQ 100 ETF
Dividend yield (TTM)——
Dividend / share (TTM)——
Price$684.23$281.68
Payout ratio (TTM)——
Dividend growth streak——
Beta1.241.24
Market cap$499.68B$80.61B
ExchangeNASDAQNASDAQ
Expense ratio0.18%0.15%
Assets under management$455.51B$97.26B
Number of holdings104105
Top 10 concentration46.1%46.1%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

QQQ

—/mo

Yield data unavailable

QQQM

—/mo

Yield data unavailable

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 QQQ vs QQQM actually do

QQQ
Invesco's fund tracking the Nasdaq-100, the largest non-financial companies listed on the Nasdaq exchange.

The index is modified market-cap weighted and excludes financials by rule, which is why it lands so heavily in technology, communication services and consumer discretionary names. In December 2025 the fund converted from a unit investment trust to a conventional open-end fund and cut its fee, so it can now reinvest income and lend securities like its peers. It remains the most liquid Nasdaq-100 vehicle by a wide margin and the reference asset for a large share of the options-income products in this category.

Suits investors who want concentrated large-cap growth exposure and anyone who needs deep options liquidity. Dividends are incidental, so it does not answer an income mandate on its own.

Growth-tilted core, concentrated

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
Trailing returns from the adjusted closing price series.
PeriodQQQQQQM
1 month-3.71%-3.74%
3 months3.07%3.04%
Year to date11.38%11.37%
1 year21.24%21.26%
3 years84.36%84.67%
5 years90.78%91.53%
  • QQQ
  • QQQM
62136211202120222023202420252026191192

Both series indexed to 100 on 2021-07-24 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.
  • QQQ
  • QQQM
0%15%30%46%61%Technology60.9%60.9%Communication Services13.1%13.1%Consumer Cyclical10.7%10.7%Consumer Defensive6.3%6.3%Healthcare3.6%3.6%Industrials2.7%2.7%Utilities1.1%1.1%Basic Materials1.0%1.0%Energy0.5%0.5%Financial Services0.2%0.2%Other0.1%0.1%
Top 10 holdings
Largest positions by portfolio weight.

QQQ104 holdings total

NameWeight
NVDANVIDIA Corp8.29%
AAPLApple Inc7.73%
MUMicron Technology Inc4.82%
MSFTMicrosoft Corp4.68%
AMZNAmazon.com Inc4.25%
AMDAdvanced Micro Devices Inc4.02%
GOOGLAlphabet Inc3.22%
AVGOBroadcom Inc3.04%
TSLATesla Inc3.02%
GOOGAlphabet Inc3.01%

QQQM105 holdings total

NameWeight
NVDANVIDIA Corp8.29%
AAPLApple Inc7.73%
MUMicron Technology Inc4.82%
MSFTMicrosoft Corp4.68%
AMZNAmazon.com Inc4.25%
AMDAdvanced Micro Devices Inc4.01%
GOOGLAlphabet Inc3.22%
AVGOBroadcom Inc3.04%
TSLATesla Inc3.02%
GOOGAlphabet Inc3.01%

Quick verdict

Compare the metrics above, then add both tickers to a Dividend Wealth portfolio to see combined income forecasts and diversification impact.

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Frequently asked questions

Is QQQ or QQQM better for dividend income?
Compare yield, payout sustainability, and how each fund or stock fits your income goals. Use Dividend Wealth to model both holdings inside a real portfolio forecast.
What is the difference between QQQ and QQQM?
Invesco QQQ Trust, Series 1 (QQQ) 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, price, payout ratio, dividend growth streak, beta, and market cap when available.
Can I hold both QQQ 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 QQQ vs QQQM with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QQQ 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.