What is the expense ratio of QQQM vs VWO?

QQQM has an expense ratio of 0.15%, while VWO has an expense ratio of 0.06%.

QQQM vs VWO

Invesco NASDAQ 100 ETF vs Vanguard Emerging Markets Stock Index Fund

Last updated: 2026-04-15

QQQM Invesco

Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a low expense ratio of 0.15%. The fund offers a modest dividend yield of 0.49%. Launched in 2020, the fund has a 6-year track record.

AUM: $74.7B ER: 0.15% Yield: 0.49% Since: Oct 13, 2020

VWO Vanguard

Vanguard Emerging Markets Stock Index Fund (VWO) is an exchange-traded fund issued by Vanguard that provides exposure to stocks in emerging market economies with higher growth potential. It charges a low expense ratio of 0.06%. The fund offers an attractive dividend yield of 2.58%. Launched in 2005, the fund has a 21-year track record.

AUM: $115.7B ER: 0.06% Yield: 2.58% Since: Mar 4, 2005

Quick Verdict

VWO has a slightly lower expense ratio (0.06% vs 0.15%), saving about $178 per $10,000 over 10 years. QQQM has edged ahead over the past year (37.2% vs 33.3%). Income investors may prefer VWO for its higher yield (2.6% vs 0.5%).

Key Metrics

Metric	QQQM	VWO
Expense Ratio	0.15%	0.06%
Dividend Yield	0.5%	2.6%
Fund Family	Invesco	Vanguard
Category	US Large Cap Growth	Emerging Markets

Performance Chart

Indexed to 100 at start (5-year comparison)

QQQM +84.4%

VWO +10.2%

Performance Comparison

Period	QQQM	VWO	Difference
1 Month	+4.70%	+5.38%	-0.68%
3 Months	+1.09%	+2.91%	-1.82%
6 Months	+4.09%	+6.62%	-2.53%
YTD	+2.51%	+5.55%	-3.04%
1 Year	+37.23%	+33.26%	+3.97%
3 Years	+97.33%	+41.83%	+55.50%
5 Years	+84.07%	+9.85%	+74.22%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	QQQM Fees	VWO Fees	You Save
$10,000	10 years	$298	$120	$178
$10,000	20 years	$1,278	$515	$763
$10,000	30 years	$4,109	$1,664	$2,446
$50,000	10 years	$1,490	$598	$892
$50,000	30 years	$20,547	$8,318	$12,229
$100,000	30 years	$41,094	$16,637	$24,458

Risk Metrics

Based on 5 years of daily returns

Metric	QQQM	VWO
Annualized Volatility	22.3%	17.4%
Max Drawdown	-35.6%	-35.9%
Sharpe Ratio	0.46	-0.06

Dividend Comparison

Metric	QQQM	VWO
Annual Dividend (per share)	$1.27	$1.45
Dividend Yield	0.49%	2.50%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

0 of top 8 holdings overlap (0% overlap in top holdings)

QQQM Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.85%
Apple Inc.AAPL	7.39%
Microsoft CorporationMSFT	5.32%
Amazon.com, Inc.AMZN	4.94%
Meta Platforms, Inc.META	3.59%
Broadcom Inc.AVGO	3.40%
Tesla, Inc.TSLA	3.36%
Alphabet Inc.GOOG	3.32%
Walmart Inc.WMT	3.30%

VWO Top Holdings

Name	Weight
Taiwan Semiconductor Manufacturing Company Limited!tpe/2330	12.71%
Tencent Holdings Limited!hkg/0700	3.44%
Alibaba Group Holding Limited!otc/BABAF	2.74%
HDFC Bank Limited!nse/HDFCBANK	0.93%
Reliance Industries Limited!nse/RELIANCE	0.88%
Hon Hai Precision Industry Co., Ltd.!tpe/2317	0.78%
MediaTek Inc.!tpe/2454	0.76%
China Construction Bank Corporation!hkg/0939	0.75%

Which One Should You Choose?

Choose VWO if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose QQQM if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose VWO if...

you prioritize dividend income and want higher regular distributions from your portfolio.

Related Comparisons

AGG vs QQQM AGG vs VWO BND vs QQQM BND vs VWO BNDX vs QQQM BNDX vs VWO DBC vs QQQM EEM vs VWO