Dividend comparison

QQQM vs FXAIX: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Invesco NASDAQ 100 ETF and Fidelity 500 Index Fund, side by side. Updated October 21, 2026.

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QQQM vs FXAIX: key differences
The short answer, from the latest data on this page.
  • Income. FXAIX pays more income, yielding 1.04% over the last twelve months versus 0.45% for QQQM. That is about $60 more a year on $10,000. Both pay quarterly.
  • Performance. Over the last 5 years, QQQM returned 97.0% versus 80.4% for FXAIX, with dividends reinvested. $10,000 would have grown to $19,699 in QQQM and $18,039 in FXAIX.
  • Risk. QQQM has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -35.0%, against -24.5% for FXAIX.
  • Diversification. QQQM holds 103 positions and FXAIX holds 100. The ten largest positions make up 47.2% of QQQM and 37.8% of FXAIX.
  • Overlap. At least 49% of the two portfolios overlap by weight, across 37 shared holdings.
  • Dividend growth. QQQM grew its yearly payout 17.8% a year over the last 4 years, versus 7.0% for FXAIX.

Bottom line: QQQM fits better if you care most about stronger 5-year returns and faster dividend growth. FXAIX fits better if you care most about more income today and smaller drawdowns.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricQQQM
Invesco NASDAQ 100 ETF
FXAIX
Fidelity 500 Index Fund
Dividend yield (TTM)0.45%1.04%
Dividend / share (TTM)$1.32$2.80
Payout frequencyQuarterlyQuarterly
Last dividend$0.3127 on Sep 25, 2026$0.7130 on Oct 5, 2026
Ex-dividend dateSep 21, 2026Oct 2, 2026
Dividend growth (CAGR)17.8% over 4 yrs7.0% over 4 yrs
Price$295.59$268.06
Dividend growth streak—4 years
Beta1.231.00
Max drawdown (5Y)-35.0%-24.5%
Market cap$78.87B$857.59B
ExchangeNASDAQNASDAQ
Expense ratio0.15%—
Assets under management$108.58B—
Number of holdings103100
Top 10 concentration47.2%37.8%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

QQQM

$3.71/mo

$45 /yr at 0.45% yield

FXAIX

$8.71/mo

$104 /yr at 1.04% yield

Dividend history
Total dividends paid per share in each calendar year. QQQM pays quarterly; FXAIX pays quarterly.
YearQQQMFXAIX
2025$1.2592$2.6480
2024$1.2755$2.5430
2023$1.0965$2.4010
2022$0.9145$2.2560
2021$0.6549$2.0190
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 QQQM vs FXAIX 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 Oct 20, 2021 would now be worth $19,699 in QQQM and $18,039 in FXAIX.
PeriodQQQMFXAIX
1 month-0.34%0.61%
3 months3.24%3.42%
Year to date16.87%12.76%
1 year17.41%14.54%
3 years105.29%87.63%
5 years96.99%80.39%
  • QQQM
  • FXAIX
61139216202120222023202420252026197180

Both series indexed to 100 on 2021-10-20 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.
  • QQQM
  • FXAIX
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%
QQQM vs FXAIX holdings overlap
At least 49% overlap by weight, with 37 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 holdingsQQQM weightFXAIX weight
NVDANVIDIA Corp8.17%8.08%
AAPLApple Inc7.82%7.03%
MSFTMicrosoft Corp6.19%5.69%
AMZNAmazon.com Inc4.42%3.84%
GOOGLAlphabet Inc3.15%3.01%
AVGOBroadcom Inc2.49%2.65%
GOOGAlphabet Inc2.94%2.40%
METAMeta Platforms Inc3.28%1.90%
MUMicron Technology Inc4.41%1.63%
TSLATesla Inc3.02%1.56%
Top 10 holdings
Largest positions by portfolio weight.

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%

FXAIX100 holdings total

NameWeight
NVDANVIDIA Corp8.08%
AAPLApple Inc7.03%
MSFTMicrosoft Corp5.69%
AMZNAmazon.com Inc3.84%
GOOGLAlphabet Inc Class A3.01%
AVGOBroadcom Inc2.65%
GOOGAlphabet Inc Class C2.40%
METAMeta Platforms Inc Class A1.90%
MUMicron Technology Inc1.63%
TSLATesla Inc1.56%

Quick verdict

QQQM fits better if you care most about stronger 5-year returns and faster dividend growth. FXAIX fits better if you care most about more income today and smaller drawdowns. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is QQQM or FXAIX better for dividend income?
It depends on your goals. QQQM currently yields 0.45% Trailing Twelve Months (TTM) while FXAIX yields 1.04%. 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 QQQM and FXAIX?
Invesco NASDAQ 100 ETF (QQQM) is an ETF listed on NASDAQ. Fidelity 500 Index Fund (FXAIX) 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 has performed better, QQQM or FXAIX?
Over the last 5 years, QQQM has the higher total return with dividends reinvested: QQQM returned 97.0% and FXAIX returned 80.4%. Past performance does not predict future returns.
Which is riskier, QQQM or FXAIX?
Measured by the worst peak-to-trough decline over the last five years, QQQM has been riskier: QQQM fell as much as 35.0% and FXAIX as much as 24.5%. Their betas are 1.23 and 1.00.
How much do QQQM and FXAIX overlap?
At least 49% of the two portfolios overlap by weight, across 37 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do QQQM and FXAIX pay dividends?
Both pay quarterly. The most recent payments were $0.3127 for QQQM and $0.7130 for FXAIX.
How much income does $10,000 in QQQM vs FXAIX generate?
At current TTM yields, $10,000 in QQQM would generate roughly $3.71 per month ($45 annually). The same amount in FXAIX would produce about $8.71 per month ($104 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QQQM and FXAIX?
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 QQQM vs FXAIX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QQQM and FXAIX 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.