QQQMvsXLKETF Comparison
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Invesco NASDAQ 100 ETF (QQQM) belongs to the US Large Cap segment. State Street Technology Select Sector SPDR ETF (XLK) is part of the US Info. Technology segment. QQQM's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Healthcare. In contrast, XLK's top sector exposures are Technology, Business Services and Non-Energy Materials. QQQM is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.08% for XLK. QQQM is up 22.45% year-to-date (YTD) with +$24.00B in YTD flows. XLK performs better with 39.3% YTD performance, and +$1.04B in YTD flows. Run a side-by-side ETF comparison of QQQM and XLK below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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QQQM vs XLK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QQQM XLK | +5.77%+8.95% | +5.15%+10.72% | +22.45%+39.30% | +24.35%+40.35% | +111.33%+145.67% | +119.77%+180.25% |
| Flows | QQQM XLK | +$2.46B+$57M | +$8.14B+$400M | +$24.00B+$1.04B | +$29.29B+$1.42B | +$61.36B+$7.81B | +$72.66B+$8.64B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QQQM XLK | +18.99%+26.01% | +19.92%+26.61% | +20.51%+25.21% | +23.10%+26.08% |
| Max drawdown | QQQM XLK | -8.83%-10.39% | -11.91%-15.92% | -22.82%-25.74% | -35.09%-33.57% |
| Max drawdown duration | QQQM XLK | 31d22d | 167d168d | 124d113d | 714d534d |
Trading data
QQQM | XLK | |
Last sale 10/2/2026 at 1:30 PM | $308.69 | $199.81 |
| Previous close 10/01/2026 | $305.57 | $197.81 |
| Consolidated volume 10/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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QQQM | XLK | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/2/2026 at 1:30 PM
Live
Closed
QQQM | XLK | |
|---|---|---|
| Last price | $308.69 | $199.81 |
| 1D performance | +1.02% | +1.01% |
| AuM | $111.70 B | $130.24 B |
| E/R | 0.15% | 0.08% |
Characteristics
QQQM | XLK | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | NASDAQ-100 Index | S&P Technology Select Sector Index |
| N° of holdings | 101 | 73 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 13, 2020 | December 16, 1998 |
| ESG | No | No |
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Exposure
Countries
QQQM
USA
94.49%
Other
5.51%
XLK
USA
97.19%
Other
2.81%
Sectors
QQQM
Technology
67.22%
Consumer Non-Cycl.
11.5%
Other
21.28%
XLK
Technology
95.48%
Other
4.52%
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Diversification
QQQM
Total weight of top 15 holdings out of 15
56.8%
XLK
Total weight of top 15 holdings out of 15
69.87%
Top 15 holdings
Data as of August 31, 2026
QQQM
NVIDIA Corp.
8.75%
Apple, Inc.
7.33%
Microsoft Corp.
5.95%
Micron Technology, Inc.
4.62%
Amazon.com, Inc.
4.37%
Advanced Micro Devices, Inc.
3.40%
Alphabet, Inc.
3.15%
Alphabet, Inc.
2.92%
Tesla, Inc.
2.81%
Broadcom Inc.
2.79%
Meta Platforms, Inc.
2.68%
Walmart, Inc.
2.19%
Intel Corp.
2.03%
Cisco Systems, Inc.
1.94%
Palantir Technologies, Inc.
1.87%
XLK
NVIDIA Corp.
14.37%
Apple, Inc.
12.50%
Microsoft Corp.
10.13%
Broadcom Inc.
4.71%
Micron Technology, Inc.
4.00%
Advanced Micro Devices, Inc.
3.93%
Intel Corp.
2.90%
Cisco Systems, Inc.
2.86%
Palantir Technologies, Inc.
2.81%
Lam Research Corp.
2.47%
Applied Materials, Inc.
2.39%
Palo Alto Networks, Inc.
2.03%
Oracle Corp.
1.66%
Texas Instruments Incorporated
1.56%
CrowdStrike Holdings, Inc.
1.54%
Frequently asked questions about QQQM and XLK
How have the QQQM and XLK ETFs performed in 2026?
As of October 2, 2026, QQQM is up 22.45% year-to-date (YTD), while XLK has returned 39.3%. That puts XLK better performer ahead so far this year.
Which ETF is attracting more investor money: QQQM or XLK?
Year-to-date, the QQQM ETF saw +$24.00B in flows, compared to +$1.04B for XLK.
Which ETF is more volatile: QQQM or XLK?
Over the past year, QQQM had a volatility of 19.92%, while XLK experienced 26.61%.
Which ETF is bigger: QQQM or XLK?
As of October 2, 2026, QQQM holds $111.70 B in assets under management (AUM), while XLK manages $130.24 B.
What sectors do the QQQM and XLK ETFs invest in?
QQQM leans toward sectors like Technology and Consumer Non-Cyclicals. Meanwhile, XLK focuses on Technology.
What are the top holdings of the QQQM ETF and XLK ETF?
QQQM top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. XLK holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: QQQM or XLK?
QQQM holds 102 securities with 56.8% of its assets in the top 15. XLK has 73 securities and a top 15 weight of 69.87%.
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