Dividend comparison
VOO vs QQQM: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard S&P 500 ETF and Invesco NASDAQ 100 ETF, side by side. Updated October 21, 2026.
- Fees. VOO is cheaper at 0.03% a year versus 0.15% for QQQM. On $10,000 that is $12 a year less in fees.
- Income. VOO pays more income, yielding 1.05% over the last twelve months versus 0.45% for QQQM. That is about $61 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, QQQM returned 97.0% versus 81.8% for VOO, with dividends reinvested. $10,000 would have grown to $19,699 in QQQM and $18,178 in VOO.
- 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 VOO.
- Diversification. VOO holds 505 positions and QQQM holds 103. The ten largest positions make up 39.1% of VOO and 47.2% of QQQM.
- Overlap. At least 51% 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 6.8% for VOO.
- Size. VOO is the larger fund with $1.7 trillion in assets, against $108.6 billion for QQQM.
Bottom line: VOO fits better if you care most about lower fees, more income today, smaller drawdowns and broader diversification. QQQM fits better if you care most about stronger 5-year returns and faster dividend growth.
| Metric | VOO Vanguard S&P 500 ETF | QQQM Invesco NASDAQ 100 ETF |
|---|---|---|
| Dividend yield (TTM) | 1.05% | 0.45% |
| Dividend / share (TTM) | $7.43 | $1.32 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $1.8226 on Sep 30, 2026 | $0.3127 on Sep 25, 2026 |
| Ex-dividend date | Sep 28, 2026 | Sep 21, 2026 |
| Dividend growth (CAGR) | 6.8% over 4 yrs | 17.8% over 4 yrs |
| Price | $706.80 | $295.59 |
| Dividend growth streak | 5 years | — |
| Beta | 1.01 | 1.23 |
| Max drawdown (5Y) | -24.5% | -35.0% |
| Market cap | $1.70T | $78.87B |
| Exchange | AMEX | NASDAQ |
| Expense ratio | 0.03% | 0.15% |
| Assets under management | $1.70T | $108.58B |
| Number of holdings | 505 | 103 |
| Top 10 concentration | 39.1% | 47.2% |
VOO
$8.76/mo
$105 /yr at 1.05% yield
QQQM
$3.71/mo
$45 /yr at 0.45% yield
| Year | VOO | QQQM |
|---|---|---|
| 2025 | $7.0678 | $1.2592 |
| 2024 | $6.7035 | $1.2755 |
| 2023 | $6.3572 | $1.0965 |
| 2022 | $5.9467 | $0.9145 |
| 2021 | $5.4367 | $0.6549 |
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
What VOO vs QQQM actually do
It replicates the index in full and makes no attempt to pick winners, so its return is the index return less a very small fee. As an open-end fund it can lend securities and put incoming dividends back to work inside the portfolio between the quarterly payment dates. Dividends are whatever the underlying companies happen to pay, which means yield is an output of the strategy and never a target of it.
Suits almost any long-horizon US equity allocation, including as the growth engine sitting behind higher-yielding income positions. Not a fit for someone whose portfolio needs to produce meaningful current cash flow.
Core holding
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
| Period | VOO | QQQM |
|---|---|---|
| 1 month | 0.97% | -0.34% |
| 3 months | 3.87% | 3.24% |
| Year to date | 13.68% | 16.87% |
| 1 year | 15.84% | 17.41% |
| 3 years | 89.23% | 105.29% |
| 5 years | 81.78% | 96.99% |
- VOO
- QQQM
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
- VOO
- QQQM
| Largest shared holdings | VOO weight | QQQM weight |
|---|---|---|
| NVDANVIDIA Corp | 8.39% | 8.17% |
| AAPLApple Inc | 7.38% | 7.82% |
| MSFTMicrosoft Corp | 5.78% | 6.19% |
| AMZNAmazon.com Inc | 3.71% | 4.42% |
| GOOGLAlphabet Inc | 3.07% | 3.15% |
| AVGOBroadcom Inc | 2.54% | 2.49% |
| GOOGAlphabet Inc | 2.45% | 2.94% |
| METAMeta Platforms Inc | 2.43% | 3.28% |
| MUMicron Technology Inc | 1.83% | 4.41% |
| TSLATesla Inc | 1.52% | 3.02% |
VOO505 holdings total
Quick verdict
VOO fits better if you care most about lower fees, more income today, smaller drawdowns 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.
Frequently asked questions
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How much do VOO and QQQM overlap?
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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.