QQQM vs VGT: Growth Index vs the Whole Tech Sector
They look similar at the top because the same mega-caps dominate both. Underneath, QQQM is a multi-sector Nasdaq-100 fund and VGT is the entire US technology sector.
QQQM tracks the Nasdaq-100: 101 of the largest non-financial Nasdaq companies, which is tech-heavy but also holds consumer, communication, and healthcare names like Costco, PepsiCo, and Amgen. VGT tracks the US information-technology sector and holds roughly 315 companies, reaching well into mid-cap tech, and it classifies Visa and Mastercard as technology, which QQQM does not hold as tech. So VGT is the broader, purer technology fund by count, while QQQM is a narrower list that spreads across more sectors. On cost, VGT is cheaper at 0.10% versus QQQM at 0.15%. Choose VGT if you want full US technology exposure including mid-caps. Choose QQQM if you want the Nasdaq-100 growth basket rather than a pure sector bet. The deeper question with either is how much single-sector concentration your portfolio can absorb, because both lean heavily on the same handful of mega-cap names.
📋 QQQM vs VGT — Key Facts Side by Side
| Metric | QQQM | VGT |
|---|---|---|
| Fund Name | Invesco NASDAQ 100 ETF | Vanguard Information Technology Index Fund ETF Shares |
| Issuer | Invesco | Vanguard |
| Tracks Index | Nasdaq-100 | MSCI US IMI Information Technology 25/50 |
| Expense Ratio | 0.15% | 0.10% ✓ |
| Cost per $10K/yr | $15.00 | $10.00 |
| AUM | $82.9B | $146.5B |
| Holdings | 101 | 315 |
| Inception | 2020 | 2004 |
| 1-Year Return | +41.67% | +56.27% |
| 3-Year Return | +30.19% | +33.76% |
| 5-Year Return | +17.42% | +20.81% |
| Dividend Yield | 0.46% | 0.37% |
| Holdings Overlap | See holdings overlap → | |
| Avg Bid-Ask Spread | 1.00% | 1.00% |
Expense ratio, AUM, and returns updated May 25, 2026 from ETF BFF database. Returns are annualised. Not investment advice.
📊 QQQM vs VGT — Annualised Returns
Annualised returns (trailing, price-based). Past performance does not guarantee future results.
🎯 Should You Buy QQQM or VGT?
- You want tech-heavy large-cap growth exposure via Nasdaq-100
- You already use Invesco and prefer staying within their fund family
- You want the lowest fees — saves ~$5/yr per $10K vs QQQM
- You want broader diversification (315 holdings vs 101)
💰 What the Fee Difference Actually Costs
Adjust the numbers for your situation. This models each fund's expense ratio compounding against your balance over time.
Assumes a constant annual return reinvested, with each fund's expense ratio deducted yearly. Illustrative only; actual returns vary. Past performance does not guarantee future results.
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Side-by-side holdings overlap, sector breakdown, and live performance tabs, all in one place.
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❓ QQQM vs VGT — Frequently Asked Questions
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