Expense Ratio History

QQQ vs QQQM: fees

Invesco QQQ and Invesco NASDAQ 100 ETF both track the Nasdaq-100. QQQM is cheaper, at 0.15% against 0.18% for QQQ.

QQQ

Invesco QQQ

0.18%

Yearly cost per $10,000
$18
Fund company
Invesco
Type
ETF
Read on
19 October 2026
Last change
0.20% to 0.18%, 22 Dec 2025

QQQM

Invesco NASDAQ 100 ETF

0.15%

Yearly cost per $10,000
$15
Fund company
Invesco
Type
ETF
Read on
19 October 2026

What the difference costs

On $10,000 held for 10 years at a steady 5% return, QQQ's fee costs about $230 and QQQM's about $192, a difference of $38. The gap is 3 basis points a year, or $3 a year on every $10,000.

Fees are one fact among many. The two funds may differ in structure, minimums, tax treatment and tracking, and this site doesn't compare any of that. Each fund's page has its fee history and sources.

Fee history

QQQ
QQQ expense ratio: 0.20% until 22 Dec 2025, then 0.18%; read at 0.18% on 19 Oct 2026.0.00%0.10%0.20%0.30%Nov 2025Jan 2026Mar 2026May 2026Jul 2026Sep 20260.20% before0.18% from 22 Dec 2025
QQQ expense ratio: 0.20% until 22 Dec 2025, then 0.18%; read at 0.18% on 19 Oct 2026.0.00%0.10%0.20%0.30%Nov 2025Mar 2026Jul 20260.20% before0.18% from 22 Dec 2025
QQQM
QQQM expense ratio: read at 0.15% on 19 Oct 2026.0.00%0.10%0.20%0.30%Oct 2020Nov 2021Dec 2022Jan 2024Feb 2025Mar 20260.15% on 19 Oct 2026
QQQM expense ratio: read at 0.15% on 19 Oct 2026.0.00%0.10%0.20%0.30%Oct 2020Nov 2022Dec 20240.15% on 19 Oct 2026

All nasdaq-100 funds we track

Compare them all