Dividend comparison

SCHG vs QQQM: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Schwab U.S. Large-Cap Growth ETF and Invesco NASDAQ 100 ETF, side by side. Updated October 21, 2026.

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SCHG vs QQQM: key differences
The short answer, from the latest data on this page.
  • Fees. SCHG is cheaper at 0.04% a year versus 0.15% for QQQM. On $10,000 that is $11 a year less in fees.
  • Income. Their trailing yields are almost the same: 0.39% for SCHG and 0.45% for QQQM. Both pay quarterly.
  • Performance. Over the last 5 years, QQQM returned 97.0% versus 85.2% for SCHG, with dividends reinvested. $10,000 would have grown to $19,699 in QQQM and $18,525 in SCHG.
  • Risk. Their worst declines over the last 5 years were similar: -34.6% for SCHG and -35.0% for QQQM from peak to trough.
  • Diversification. SCHG holds 189 positions and QQQM holds 103. The ten largest positions make up 60.9% of SCHG and 47.2% of QQQM.
  • Overlap. 60% of the two portfolios overlap by weight, across 47 shared holdings.
  • Dividend growth. QQQM grew its yearly payout 17.8% a year over the last 4 years, versus 9.4% for SCHG.

Bottom line: SCHG fits better if you care most about lower fees and broader diversification. QQQM 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.
MetricSCHG
Schwab U.S. Large-Cap Growth ETF
QQQM
Invesco NASDAQ 100 ETF
Dividend yield (TTM)0.39%0.45%
Dividend / share (TTM)$0.14$1.32
Payout frequencyQuarterlyQuarterly
Last dividend$0.0371 on Sep 28, 2026$0.3127 on Sep 25, 2026
Ex-dividend dateSep 23, 2026Sep 21, 2026
Dividend growth (CAGR)9.4% over 4 yrs17.8% over 4 yrs
Price$35.53$295.59
Dividend growth streak4 years—
Beta1.201.23
Max drawdown (5Y)-34.6%-35.0%
Market cap$63.06B$78.87B
ExchangeAMEXNASDAQ
Expense ratio0.04%0.15%
Assets under management$63.70B$108.58B
Number of holdings189103
Top 10 concentration60.9%47.2%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

SCHG

$3.26/mo

$39 /yr at 0.39% yield

QQQM

$3.71/mo

$45 /yr at 0.45% yield

Dividend history
Total dividends paid per share in each calendar year. SCHG pays quarterly; QQQM pays quarterly.
YearSCHGQQQM
2025$0.1168$1.2592
2024$0.1163$1.2755
2023$0.0903$1.0965
2022$0.0817$0.9145
2021$0.0817$0.6549
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 SCHG 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 Oct 20, 2021 would now be worth $18,525 in SCHG and $19,699 in QQQM.
PeriodSCHGQQQM
1 month0.40%-0.34%
3 months4.16%3.24%
Year to date9.29%16.87%
1 year10.38%17.41%
3 years99.05%105.29%
5 years85.25%96.99%
  • SCHG
  • QQQM
60138216202120222023202420252026185197

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.
  • SCHG
  • QQQM
0%15%29%44%59%Technology54.3%58.8%Communication Services13.7%12.1%Consumer Cyclical10.1%10.2%Industrials7.0%5.5%Healthcare6.6%4.4%Consumer Defensive1.1%6.1%Financial Services5.0%0.3%Basic Materials0.9%1.0%Utilities0.4%1.1%Energy0.7%0.5%Other0.3%0.1%
SCHG vs QQQM holdings overlap
60% overlap by weight, with 47 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 holdingsSCHG weightQQQM weight
NVDANVIDIA12.13%8.17%
AAPLAPPLE11.73%7.82%
MSFTMICROSOFT9.19%6.19%
AMZNAMAZON COM INC5.74%4.42%
METAMETA PLATFORMS CLASS A4.25%3.28%
GOOGLALPHABET CLASS A4.68%3.15%
GOOGALPHABET CLASS C3.75%2.94%
TSLATESLA INC2.71%3.02%
MUMICRON TECHNOLOGY2.69%4.41%
AVGOBROADCOM INC4.00%2.49%
Top 10 holdings
Largest positions by portfolio weight.

SCHG189 holdings total

NameWeight
NVDANVIDIA12.13%
AAPLAPPLE11.73%
MSFTMICROSOFT9.19%
AMZNAMAZON COM INC5.74%
GOOGLALPHABET CLASS A4.68%
METAMETA PLATFORMS CLASS A4.25%
AVGOBROADCOM INC4.00%
GOOGALPHABET CLASS C3.75%
LLYELI LILLY2.73%
TSLATESLA INC2.71%

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

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

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Frequently asked questions

Is SCHG or QQQM better for dividend income?
It depends on your goals. SCHG currently yields 0.39% 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 SCHG and QQQM?
Schwab U.S. Large-Cap Growth ETF (SCHG) is an ETF listed on AMEX. 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, SCHG or QQQM?
SCHG has the lower expense ratio. SCHG charges 0.04% a year and QQQM charges 0.15%, a difference of $11 a year on a $10,000 investment.
Which has performed better, SCHG or QQQM?
Over the last 5 years, QQQM has the higher total return with dividends reinvested: SCHG returned 85.2% and QQQM returned 97.0%. Past performance does not predict future returns.
Which is riskier, SCHG or QQQM?
Measured by the worst peak-to-trough decline over the last five years, QQQM has been riskier: SCHG fell as much as 34.6% and QQQM as much as 35.0%. Their betas are 1.20 and 1.23.
How much do SCHG and QQQM overlap?
About 60% of the two portfolios overlap by weight, across 47 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do SCHG and QQQM pay dividends?
Both pay quarterly. The most recent payments were $0.0371 for SCHG and $0.3127 for QQQM.
How much income does $10,000 in SCHG vs QQQM generate?
At current TTM yields, $10,000 in SCHG would generate roughly $3.26 per month ($39 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 SCHG 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 SCHG vs QQQM with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SCHG 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.