Dividend comparison

QQQM vs MGK: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Invesco NASDAQ 100 ETF and Vanguard Morningstar Mega Cap Growth ETF, side by side. Updated October 21, 2026.

Start freeOpen interactive compareSee pricing
QQQM vs MGK: key differences
The short answer, from the latest data on this page.
  • Fees. MGK is cheaper at 0.05% a year versus 0.15% for QQQM. On $10,000 that is $10 a year less in fees.
  • Income. QQQM pays more income, yielding 0.45% over the last twelve months versus 0.33% for MGK. That is about $11 more a year on $10,000. Both pay quarterly.
  • Performance. Over the last 5 years, QQQM returned 97.0% versus 88.0% for MGK, with dividends reinvested. $10,000 would have grown to $19,699 in QQQM and $18,798 in MGK.
  • Risk. Their worst declines over the last 5 years were similar: -35.0% for QQQM and -36.0% for MGK from peak to trough.
  • Diversification. QQQM holds 103 positions and MGK holds 69. The ten largest positions make up 47.2% of QQQM and 64.5% of MGK.
  • Overlap. 64% of the two portfolios overlap by weight, across 36 shared holdings.
  • Dividend growth. QQQM grew its yearly payout 17.8% a year over the last 4 years, versus 7.7% for MGK.
  • Size. QQQM is the larger fund with $108.6 billion in assets, against $35.0 billion for MGK.

Bottom line: QQQM fits better if you care most about stronger 5-year returns and faster dividend growth. MGK fits better if you care most about lower fees.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricQQQM
Invesco NASDAQ 100 ETF
MGK
Vanguard Morningstar Mega Cap Growth ETF
Dividend yield (TTM)0.45%0.33%
Dividend / share (TTM)$1.32$0.30
Payout frequencyQuarterlyQuarterly
Last dividend$0.3127 on Sep 25, 2026$0.0765 on Sep 30, 2026
Ex-dividend dateSep 21, 2026Sep 28, 2026
Dividend growth (CAGR)17.8% over 4 yrs7.7% over 4 yrs
Price$295.59$90.83
Beta1.231.27
Max drawdown (5Y)-35.0%-36.0%
Market cap$78.87B$35.00B
ExchangeNASDAQAMEX
Expense ratio0.15%0.05%
Assets under management$108.58B$35.00B
Number of holdings10369
Top 10 concentration47.2%64.5%
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

MGK

$2.78/mo

$33 /yr at 0.33% yield

Dividend history
Total dividends paid per share in each calendar year. QQQM pays quarterly; MGK pays quarterly.
YearQQQMMGK
2025$1.2592$0.2902
2024$1.2755$0.2951
2023$1.0965$0.2603
2022$0.9145$0.2400
2021$0.6549$0.2159
Strategy: Large-cap growth
Funds that hold the faster-growing half of the large-cap market, selected by measures like earnings growth, sales growth and price momentum. In practice that means heavy weights in technology and communication companies, with the largest few names often making up a third of the fund or more. Dividends are small because growth companies reinvest their cash instead of paying it out.

Concentration in a handful of mega-cap stocks makes these funds swing harder than the broad market in both directions, and they offer little current income.

What QQQM vs MGK 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 $18,798 in MGK.
PeriodQQQMMGK
1 month-0.34%0.01%
3 months3.24%4.69%
Year to date16.87%10.34%
1 year17.41%11.89%
3 years105.29%103.52%
5 years96.99%87.98%
  • QQQM
  • MGK
59138217202120222023202420252026197188

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
  • MGK
0%16%31%47%62%Technology58.8%62.4%Communication Services12.1%15.0%Consumer Cyclical10.2%9.6%Healthcare4.4%4.4%Industrials5.5%2.4%Consumer Defensive6.1%0.4%Financial Services0.3%4.1%Utilities1.1%1.0%Basic Materials1.0%0.4%Real Estate0.1%1.2%Other0.5%0.2%
QQQM vs MGK holdings overlap
64% overlap by weight, with 36 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 weightMGK weight
NVDANVIDIA Corp8.17%13.69%
AAPLApple Inc7.82%12.53%
MSFTMicrosoft Corp6.19%9.46%
AMZNAmazon.com Inc4.42%4.23%
METAMeta Platforms Inc3.28%4.96%
AMDAdvanced Micro Devices Inc3.79%3.22%
GOOGLAlphabet Inc3.15%4.98%
TSLATesla Inc3.02%3.14%
GOOGAlphabet Inc2.94%3.95%
AVGOBroadcom Inc2.49%4.30%
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%

MGK69 holdings total

NameWeight
NVDANVIDIA Corp13.69%
AAPLApple Inc12.53%
MSFTMicrosoft Corp9.46%
GOOGLAlphabet Inc4.98%
METAMeta Platforms Inc4.96%
AVGOBroadcom Inc4.30%
AMZNAmazon.com Inc4.23%
GOOGAlphabet Inc3.95%
AMDAdvanced Micro Devices Inc3.22%
TSLATesla Inc3.14%

Quick verdict

QQQM fits better if you care most about stronger 5-year returns and faster dividend growth. MGK fits better if you care most about lower fees. Model the holding inside your real portfolio before deciding.

Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how QQQM vs MGK fits with the rest of your holdings. Free to start — no credit card required for the trial.
Start freeInteractive DRIP compare

Frequently asked questions

Is QQQM or MGK better for dividend income?
It depends on your goals. QQQM currently yields 0.45% Trailing Twelve Months (TTM) while MGK yields 0.33%. 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 MGK?
Invesco NASDAQ 100 ETF (QQQM) is an ETF listed on NASDAQ. Vanguard Morningstar Mega Cap Growth ETF (MGK) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, QQQM or MGK?
MGK has the lower expense ratio. QQQM charges 0.15% a year and MGK charges 0.05%, a difference of $10 a year on a $10,000 investment.
Which has performed better, QQQM or MGK?
Over the last 5 years, QQQM has the higher total return with dividends reinvested: QQQM returned 97.0% and MGK returned 88.0%. Past performance does not predict future returns.
Which is riskier, QQQM or MGK?
Measured by the worst peak-to-trough decline over the last five years, MGK has been riskier: QQQM fell as much as 35.0% and MGK as much as 36.0%. Their betas are 1.23 and 1.27.
How much do QQQM and MGK overlap?
About 64% of the two portfolios overlap by weight, across 36 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do QQQM and MGK pay dividends?
Both pay quarterly. The most recent payments were $0.3127 for QQQM and $0.0765 for MGK.
How much income does $10,000 in QQQM vs MGK generate?
At current TTM yields, $10,000 in QQQM would generate roughly $3.71 per month ($45 annually). The same amount in MGK would produce about $2.78 per month ($33 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QQQM and MGK?
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 MGK with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QQQM and MGK 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.

Related comparisons

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.