VOO vs QQQM: S&P 500 vs Nasdaq-100
VOO owns 500 companies across every sector for 0.03%. QQQM owns the 101 Nasdaq-100 names, tech-heavy and with no banks, for 0.15%. One is a core, one is a tilt.
VOO owns all 500 companies in the S&P 500 across all eleven sectors for 0.03%. QQQM owns the 101 largest non-financial companies on the Nasdaq for 0.15%, which in practice means a much heavier weighting in technology and no exposure to banks or insurers at all. The overlap is real: the megacap tech names at the top of QQQM are also the top of VOO. What QQQM does is strip out the rest of the market and concentrate the bet. That concentration has rewarded QQQM over the past five years, with roughly 22% annualized versus about 16% for VOO, because technology led. It also means QQQM falls harder when tech corrects, as it did in 2022. The fee gap matters too: at 0.15% versus 0.03%, QQQM costs five times more, though it is the cheaper, buy-and-hold version of QQQ. For a core holding that one fund is supposed to be your whole US equity exposure, VOO is the right answer. It is cheaper, spans every sector, and still captures the same tech leaders. QQQM is a satellite: a deliberate, higher-cost, higher-volatility tilt toward large-cap growth for investors who want more technology than the S&P 500 gives them and accept the bigger swings.
Whether the lower-cost fund suits your situation depends on your existing holdings, account type, tax situation, and how you use each fund. This is a cost comparison, not a personalized recommendation.
📋 VOO vs QQQM — Key Facts Side by Side
| Metric | VOO | QQQM |
|---|---|---|
| Fund Name | Vanguard S&P 500 ETF | Invesco NASDAQ 100 ETF |
| Issuer | Vanguard | Invesco |
| Tracks Index | S&P 500 | Nasdaq-100 |
| Expense Ratio | 0.03% ✓ | 0.15% |
| Cost per $10K/yr | $3.00 | $15.00 |
| AUM | $1,600.2B | $82.9B |
| Holdings | 503 | 101 |
| Inception | 2010 | 2020 |
| 1-Year Return | +30.31% | +41.67% |
| 3-Year Return | +23.64% | +30.19% |
| 5-Year Return | +13.83% | +17.42% |
| Dividend Yield | 1.08% | 0.46% |
| Holdings Overlap | High. QQQM's 101 Nasdaq-100 names are mostly already top holdings in VOO, but QQQM excludes financials entirely and weights technology far more heavily. — see full overlap → | |
| Avg Bid-Ask Spread | 0.00% | 0.01% |
Expense ratio, AUM, and returns updated May 25, 2026 from ETF BFF database. Returns are annualised. Not investment advice.
📊 VOO vs QQQM — Annualised Returns
Annualised returns (trailing, price-based). Past performance does not guarantee future results.
🎯 Should You Buy VOO or QQQM?
- You want the lowest fees — saves ~$12/yr per $10K vs QQQM
- You want broader diversification (503 holdings vs 101)
- You want tech-heavy large-cap growth exposure via Nasdaq-100
- You already use Invesco and prefer staying within their fund family
💰 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.
⚙️ Want the Full Interactive Comparison?
Side-by-side holdings overlap, sector breakdown, and live performance tabs, all in one place.
Run Full VOO vs QQQM Comparison → Free · No signup · Instant resultsGet smarter about ETFs — one concept a week, free forever
The ETF BFF newsletter breaks down one ETF concept per week — clear, jargon-free, and actually useful.
Free to learn forever · No spam · Unsubscribe anytime
❓ VOO vs QQQM — Frequently Asked Questions
New to ETF investing? See answers to the most common ETF questions →