Invesco QQQ Trust Matches Sibling on Holdings

The Invesco QQQ Trust, Series 1 manages $490 billion in net assets and mirrors the exact portfolio of its sister fund, the Invesco NASDAQ 100 ETF. Both funds track the identical index, follow quarterly rebalancings in March, June, September, and December, and enforce a 24% single-issuer cap. However, QQQ carries an expense ratio of 0.18%, compared to 0.15% for QQQM.

Over the past year, QQQ posted a 24.81% gain on an unadjusted price basis, while QQQM returned 25.54%. Over a five-year stretch, QQQ rose 88.16%, lagging QQQM's 94.65% climb. QQQ trades around $718 per share and delivered $3.03 in trailing twelve-month dividends, including an $0.81 payment on July 10, 2026, putting its yield below 0.5%. By contrast, QQQM trades at $296 per share and paid $1.31 over the trailing twelve months, with a $0.35 distribution on June 26, 2026.

QQQ originally launched in March 1999 as a unit investment trust before restructuring into an open-ended fund on December 22, 2025. It maintains institutional-grade trading volume and deep options chains across weekly and monthly contracts. QQQM debuted in October 2020 specifically for long-term buy-and-hold investors. Selling existing QQQ shares to save the 0.03% difference may trigger capital gains taxes that outweigh the fee benefit.