QQQM vs VGT ETF Comparison: AI Score, Valuation, Performance and Upside
QQQM and VGT are both popular tech-focused ETFs but with meaningfully different compositions. QQQM tracks the NASDAQ-100 — including Amazon, Alphabet, Meta, and Tesla alongside pure technology stocks. VGT tracks only the GICS technology sector — excluding those companies but providing purer software and semiconductor exposure. QQQM is a broader 'growth and technology' ETF; VGT is a pure technology sector ETF.
QQQM vs VGT — QQQM provides broader mega-cap growth exposure including Amazon, Alphabet, Meta, and Tesla alongside pure technology in the NASDAQ-100 (includes AI platform companies across sector classifications) while VGT provides pure GICS technology sector exposure with higher semiconductor/software concentration and excluding the internet/consumer platform mega-caps.
VGT holds the edge across 3 of 5 key metrics in this comparison. VGT has delivered stronger 1-year price return (+37.59% vs +26.07% for QQQM).
- prefer broader mega-cap growth exposure combining pure technology with Amazon, Alphabet, Meta, Netflix, and Tesla across the NASDAQ-100's 100 largest non-financial companies
- value QQQM's inclusion of AI platform mega-caps (Alphabet/Google cloud, Meta AI, Amazon AWS) that VGT classifies outside the technology sector
- want the most liquid large-cap US growth ETF proxy with the deepest options market for hedging and covered call strategies
- are comfortable with higher expense ratio vs VGT (0.15% vs 0.10%), NASDAQ sector classification quirks, and biotech/healthcare inclusion alongside technology growth
- prefer pure technology sector exposure including only GICS technology companies — software, semiconductors, IT services, and hardware without internet platforms or consumer tech
- value VGT's lower expense ratio (0.10% vs QQQM's 0.15%) for long-term compounding efficiency
- want technology sector allocation specifically to increase semiconductor and software weight relative to internet/platform companies
- are comfortable with excluding Amazon, Alphabet, Meta, Netflix, and Tesla from technology allocation (requiring separate positions if desired), and higher semiconductor cycle concentration
| Metric | QQQM | VGT |
|---|---|---|
| ETF scorei | 86.0 | 89.0 |
| Latest closei | $306.54 | $126.17 |
| 1M returni | +4.77% | +7.06% |
| 6M returni | +32.64% | +48.57% |
| 1Y returni | +26.07% | +37.59% |
The ETF score weights long-term returns and risk-adjusted performance most heavily, but still rewards low expense ratios, larger fund size, and broader diversification — so it can favor low-cost, broad, mega-cap funds over smaller thematic or actively-managed funds even when the latter have delivered stronger returns.
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | QQQM | VGT |
|---|---|---|
| 1Y ago | $12.67K (+26.7%) started 2025-09-25 | $13.82K (+38.2%) started 2025-09-25 |
| 5Y ago | $21.46K (+114.6%) started 2021-09-27 | $25.85K (+158.5%) started 2021-09-27 |
| 10Y ago | $27.27K (+172.7%) started 2020-10-13 | $101.54K (+915.4%) started 2016-09-26 |
Hypothetical — past performance does not guarantee future results.
| Metric | QQQM | VGT |
|---|---|---|
| Expense ratioi | 0.15% | 0.09% |
| Total assets (AUM)i | $104.38B | $170.65B |
| Dividend yieldi | 0.44% | 0.36% |
| Trailing P/Ei | 30.34 | 33.66 |
| Betai | 1.24 | 1.37 |
| 52-week change | 26.07% | 37.59% |
| Metric | QQQM | VGT |
|---|---|---|
| 1Y returni | +26.07% | +37.59% |
| 6M returni | +32.64% | +48.57% |
| 1M returni | +4.77% | +7.06% |
| 1Y Sharpe ratio | 1.05 | 1.23 |
| Betai | 1.24 | 1.37 |
| Dividend yieldi | 0.44% | 0.36% |
| 5Y CAGR | +15.78% | +20.10% |
Over the past year, QQQM and VGT have moved strongly in the same direction (correlation of 0.96), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | QQQM | VGT |
|---|---|---|---|
| 1Y | Growthi | +26.07% | +37.59% |
| CAGRi | +26.09% | +37.62% | |
| Volatilityi | 19.75% | 24.89% | |
| Sharpe ratioi | 1.05 | 1.23 | |
| Sortino ratioi | 1.53 | 1.81 | |
| Max drawdowni | 11.96% | 16.40% | |
| Current drawdowni | 0.40% | 0.07% | |
| Avg drawdowni | 3.14% | 5.17% | |
| Ulcer Indexi | 4.00% | 6.29% | |
| Max daily dropi | 4.78% | 6.14% | |
| Max wkly dropi | 6.75% | 9.34% | |
| 5Y | Growthi | +107.84% | +149.63% |
| CAGRi | +15.78% | +20.10% | |
| Volatilityi | 22.86% | 26.02% | |
| Sharpe ratioi | 0.56 | 0.66 | |
| Sortino ratioi | 0.80 | 0.96 | |
| Max drawdowni | 35.04% | 35.07% | |
| Current drawdowni | 0.40% | 0.07% | |
| Avg drawdowni | 9.14% | 9.28% | |
| Ulcer Indexi | 13.55% | 13.20% | |
| Max daily dropi | 6.11% | 7.24% | |
| Max wkly dropi | 11.92% | 14.00% | |
| 10Y | Growthi | +162.72% | +827.73% |
| CAGRi | +17.63% | +24.96% | |
| Volatilityi | 22.20% | 24.99% | |
| Sharpe ratioi | 0.64 | 0.84 | |
| Sortino ratioi | 0.92 | 1.20 | |
| Max drawdowni | 35.04% | 35.07% | |
| Current drawdowni | 0.40% | 0.07% | |
| Avg drawdowni | 8.02% | 6.36% | |
| Ulcer Indexi | 12.49% | 10.26% | |
| Max daily dropi | 6.11% | 13.49% | |
| Max wkly dropi | 11.92% | 17.57% |
| Category | QQQM | VGT |
|---|---|---|
| Fund name | Invesco NASDAQ 100 ETF | Vanguard Information Technology Index Fund ETF Shares |
| Type | ETF | ETF |
| Expense ratioi | 0.15% | 0.09% |
| Total assets (AUM)i | $104.38B | $170.65B |
| Dividend yieldi | 0.44% | 0.36% |
- Diversification beyond pure tech: QQQM includes Amazon (consumer/cloud), Tesla (EV), Costco (retail), Netflix (streaming), and biotech companies alongside pure technology stocks
- AI mega-cap concentration: QQQM's top holdings (Nvidia, Microsoft, Meta, Alphabet) are the primary AI infrastructure and application beneficiaries
- High liquidity and options market: QQQ (the equivalent institutional product) has the deepest US equity ETF options market for hedging and leverage strategies
- Pure technology sector exposure: VGT tracks only GICS technology sector companies — investors get the purest tech sector allocation without consumer discretionary, healthcare, or communication services dilution
- Lowest expense ratio: VGT's 0.10% expense ratio is one of the lowest in the technology ETF universe — maximizing compounding after fees
- Broader technology sector: VGT includes smaller-cap technology companies beyond the NASDAQ-100's size threshold — providing mid-cap tech exposure
- Healthcare and biotech excluded: the NASDAQ-100 excludes financial companies but includes biotech and healthcare — mixing technology growth with biotech binary risk
- Concentration in mega-caps: top 10 holdings represent 50%+ of QQQM — amplifying both upside and downside of mega-cap tech performance
- Expense ratio higher than VGT: QQQM has 0.15% expense ratio vs VGT's 0.10% — over long periods, expense differences compound
- Excludes Amazon, Alphabet, Meta, Netflix, Tesla: VGT misses major technology and tech-adjacent companies classified outside GICS technology — investors wanting these must separately allocate
- Heavier semiconductor weight: Nvidia, TSMC-ADR, Broadcom, and other semiconductor companies represent a larger percentage of VGT vs QQQM — higher semiconductor cycle exposure
- Excludes mega-cap internet companies: since Google/Meta/Amazon are in Communication Services or Consumer Discretionary, VGT underperforms in periods driven by these stocks
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