Dividend comparison

QQQM vs TQQQ: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Invesco NASDAQ 100 ETF and ProShares UltraPro QQQ, side by side. Updated October 21, 2026.

Start freeOpen interactive compareSee pricing
QQQM vs TQQQ: key differences
The short answer, from the latest data on this page.
  • Fees. QQQM is cheaper at 0.15% a year versus 0.94% for TQQQ. On $10,000 that is $79 a year less in fees.
  • Income. TQQQ pays more income, yielding 0.69% over the last twelve months versus 0.45% for QQQM. That is about $24 more a year on $10,000. Both pay quarterly.
  • Performance. Over the last 5 years, TQQQ returned 113.8% versus 97.0% for QQQM, with dividends reinvested. $10,000 would have grown to $21,375 in TQQQ and $19,699 in QQQM.
  • Risk. TQQQ has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -81.6%, against -35.0% for QQQM.
  • Diversification. TQQQ holds 123 positions and QQQM holds 103. The ten largest positions make up 47.2% of QQQM and 34.1% of TQQQ.
  • Overlap. At least 39% of the two portfolios overlap by weight, across 98 shared holdings.
  • Dividend growth. TQQQ grew its yearly payout 771.0% a year over the last 4 years, versus 17.8% for QQQM.
  • Size. QQQM is the larger fund with $108.6 billion in assets, against $35.5 billion for TQQQ.

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

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricQQQM
Invesco NASDAQ 100 ETF
TQQQ
ProShares UltraPro QQQ
Dividend yield (TTM)0.45%0.69%
Dividend / share (TTM)$1.32$0.48
Payout frequencyQuarterlyQuarterly
Last dividend$0.3127 on Sep 25, 2026$0.1560 on Sep 29, 2026
Ex-dividend dateSep 21, 2026Sep 23, 2026
Dividend growth (CAGR)17.8% over 4 yrs771.0% over 4 yrs
Price$295.59$70.41
Beta1.233.71
Max drawdown (5Y)-35.0%-81.6%
Market cap$78.87B$41.88B
ExchangeNASDAQNASDAQ
Expense ratio0.15%0.94%
Assets under management$108.58B$35.46B
Number of holdings103123
Top 10 concentration47.2%34.1%
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

TQQQ

$5.73/mo

$69 /yr at 0.69% yield

Dividend history
Total dividends paid per share in each calendar year. QQQM pays quarterly; TQQQ pays quarterly.
YearQQQMTQQQ
2025$1.2592$0.3425
2024$1.2755$0.7245
2023$1.0965$0.6395
2022$0.9145$0.0490
2021$0.6549$0.0001
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 TQQQ 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 $21,375 in TQQQ.
PeriodQQQMTQQQ
1 month-0.34%-2.88%
3 months3.24%4.28%
Year to date16.87%34.34%
1 year17.41%31.48%
3 years105.29%330.64%
5 years96.99%113.75%
  • QQQM
  • TQQQ
6143281202120222023202420252026197214

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
  • TQQQ
0%15%30%45%60%Technology58.8%60.3%Cash & Others0.0%47.8%Communication Services12.1%12.6%Consumer Cyclical10.2%10.1%Consumer Defensive6.1%5.6%Industrials5.5%5.1%Healthcare4.4%3.8%Utilities1.1%1.0%Basic Materials1.0%0.9%Energy0.5%0.5%Other0.4%0.3%
QQQM vs TQQQ holdings overlap
At least 39% 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 holdingsQQQM weightTQQQ weight
NVDANVIDIA Corp8.17%3.20%
AAPLApple Inc7.82%3.06%
MSFTMicrosoft Corp6.19%2.42%
AMZNAmazon.com Inc4.42%1.73%
MUMicron Technology Inc4.41%1.72%
AMDAdvanced Micro Devices Inc3.79%1.48%
METAMeta Platforms Inc3.28%1.28%
GOOGLAlphabet Inc3.15%1.23%
TSLATesla Inc3.02%1.18%
GOOGAlphabet Inc2.94%1.15%
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%

TQQQ123 holdings total

NameWeight
IQMMPROSHARES GENIUS MNY MKT ETF16.83%
NVDANVIDIA CORP3.20%
AAPLAPPLE INC3.06%
MSFTMICROSOFT CORP2.42%
AMZNAMAZON.COM INC1.73%
MUMICRON TECHNOLOGY INC1.72%
AMDADVANCED MICRO DEVICES1.48%
METAMETA PLATFORMS INC-CLASS A1.28%
GOOGLALPHABET INC-CL A1.23%
TSLATESLA INC1.18%

Quick verdict

QQQM fits better if you care most about lower fees and smaller drawdowns. TQQQ fits better if you care most about stronger 5-year returns and faster dividend growth. 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 TQQQ 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 TQQQ better for dividend income?
It depends on your goals. QQQM currently yields 0.45% Trailing Twelve Months (TTM) while TQQQ yields 0.69%. 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 TQQQ?
Invesco NASDAQ 100 ETF (QQQM) is an ETF listed on NASDAQ. ProShares UltraPro QQQ (TQQQ) 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, QQQM or TQQQ?
QQQM has the lower expense ratio. QQQM charges 0.15% a year and TQQQ charges 0.94%, a difference of $79 a year on a $10,000 investment.
Which has performed better, QQQM or TQQQ?
Over the last 5 years, TQQQ has the higher total return with dividends reinvested: QQQM returned 97.0% and TQQQ returned 113.8%. Past performance does not predict future returns.
Which is riskier, QQQM or TQQQ?
Measured by the worst peak-to-trough decline over the last five years, TQQQ has been riskier: QQQM fell as much as 35.0% and TQQQ as much as 81.6%. Their betas are 1.23 and 3.71.
How much do QQQM and TQQQ overlap?
At least 39% of the two portfolios overlap by weight, across 98 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do QQQM and TQQQ pay dividends?
Both pay quarterly. The most recent payments were $0.3127 for QQQM and $0.1560 for TQQQ.
How much income does $10,000 in QQQM vs TQQQ generate?
At current TTM yields, $10,000 in QQQM would generate roughly $3.71 per month ($45 annually). The same amount in TQQQ would produce about $5.73 per month ($69 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QQQM and TQQQ?
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 TQQQ with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QQQM and TQQQ 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.