What is the fee difference between QQQ and VOO?

QQQ charges a 0.18% expense ratio while VOO charges 0.03%, a gap of 0.15 percentage points. On a $10,000 position that works out to roughly $18 a year for QQQ versus about $3 for VOO. Fees compound over long holding periods, so this difference matters more the longer you hold the fund.

What index does each fund track?

QQQ tracks the Nasdaq-100 Index, which holds the largest non-financial companies listed on the Nasdaq exchange, currently 104 positions. VOO tracks the S&P 500, a market-cap-weighted benchmark of around 500 large US companies across every major sector, with 516 holdings in the fund. Both are passive, rules-based indexes rather than actively managed portfolios.

How much do QQQ and VOO overlap in their holdings?

The overlap at the top is high. Eight of the ten largest positions appear in both funds: NVIDIA, Apple, Microsoft, Amazon, both Alphabet share classes, Meta and Tesla. The weights differ, though. NVIDIA is 8.46% of QQQ and 8.08% of VOO, and QQQ holds Micron at 4.85% and AMD at 3.91%, while VOO's list includes Broadcom at 2.65%.

Which fund pays a higher dividend yield?

VOO pays more. Its dividend yield is 1.04% compared with 0.41% for QQQ. That reflects the underlying companies: the S&P 500 includes many mature dividend payers in sectors like consumer staples, energy and utilities, while the Nasdaq-100 is dominated by growth companies that reinvest most of their cash instead of paying it out.

Which fund suits a growth investor and which suits a core holding?

QQQ is often used by investors who want a heavier tilt toward large technology and growth companies and accept the higher concentration that comes with it. VOO is more commonly used as a core holding because it covers the whole large-cap US market at a very low cost. Neither approach is right for everyone; it depends on your goals and risk tolerance.

How large and liquid are QQQ and VOO?

Both are among the largest ETFs in the world. VOO holds about $1.08 trillion in net assets and QQQ about $484 billion. Funds of this size typically trade with very tight bid-ask spreads and deep volume, so ordinary retail orders are unlikely to move the price. QQQ launched in 1999 and VOO in 2010.

Are there tax or account considerations for holding QQQ or VOO?

Both are US-listed ETFs, so dividends paid to non-US investors may be subject to US withholding tax depending on your country and any tax treaty. Whether you hold them in a taxable account or a tax-advantaged wrapper affects how dividends and capital gains are treated. Rules vary by country, so check your local guidance or speak to a tax professional.

Can I hold both QQQ and VOO in the same portfolio?

Yes, many investors do. Holding both increases your exposure to the mega-cap technology names that appear in each fund, so your portfolio becomes more concentrated in those companies than if you held VOO alone. Some investors use VOO as the core and add a smaller QQQ position as a growth tilt. Consider the combined weight of overlapping stocks.

How concentrated is each fund in its top holdings?

QQQ is more concentrated. Its top three positions, NVIDIA, Apple and Microsoft, together account for about 22% of the fund, and it holds only 104 names. VOO's top three are the same companies at a combined 20.8%, but the remaining weight is spread across more than 500 stocks in 11 sectors, which lowers single-sector risk.

Which fund is older and does that matter?

QQQ launched on 10 March 1999 and VOO on 7 September 2010. A longer history gives investors more data on how a fund behaved through past market cycles, including the 2000 technology crash for QQQ. That said, both funds are large, established and widely held, so age is a minor factor compared with fees, index and concentration.

QQQ vs VOO

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

QQQ tracks the Nasdaq-100 with 104 holdings and a 0.18% expense ratio, while VOO tracks the S&P 500 with 516 holdings for 0.03%. QQQ leans harder into technology names such as NVIDIA at 8.46% and Micron at 4.85%; VOO spreads across all 11 sectors and yields 1.04% against QQQ's 0.41%. QQQ suits growth-focused investors, VOO suits low-cost core exposure. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

QQQ

Metric

VOO

0.18%

Expense Ratio

0.03%

0.41%

Dividend Yield

1.04%

$484.28B

Net Assets

$1.08T

104

Holdings

516

Mar 10, 1999

Inception Date

Sep 7, 2010

NASDAQ 100 Index

Index Tracked

S&P 500

Large Growth

Fund Category

Large Blend

VOO costs about $15.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	QQQ	VOO
NVDANVIDIA Corporation	8.46%	8.08%
AAPLApple Inc.	7.89%	7.03%
MSFTMicrosoft Corporation	5.89%	5.70%
MUMicron Technology, Inc.	4.85%	1.63%
AMZNAmazon.com, Inc.	4.31%	3.84%
GOOGLAlphabet Inc.	3.22%	3.01%
METAMeta Platforms, Inc.	3.22%	1.90%
GOOGAlphabet Inc.	2.99%	2.40%
TSLATesla, Inc.	2.92%	1.57%

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Investment Analysis

QQQ

Pros

Concentrated exposure to 104 large Nasdaq-listed growth companies in one trade
Heavier weights in NVIDIA, Apple and Microsoft than a broad S&P 500 fund
Very large fund at $484 billion in net assets with a long record since 1999

Considerations

Expense ratio of 0.18% is six times higher than VOO's 0.03%
Dividend yield of 0.41% is well below the 1.04% offered by VOO
Excludes financials-heavy and energy names that give the S&P 500 sector balance

VOO

Pros

Expense ratio of just 0.03%, or about $3 a year per $10,000 invested
Broad diversification across 516 holdings and all major US sectors
Largest fund in this comparison with about $1.08 trillion in net assets

Considerations

Lower exposure to the semiconductor and software names that drive QQQ
Tracks the S&P 500 only, so no small caps or non-US stocks
Top 10 holdings still make up more than a third of the portfolio

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About QQQ and VOO

QQQ (QQQ)

Invesco QQQ Trust Series 1 (QQQ) is a widely traded exchange‑traded fund that seeks to track the Nasdaq‑100 Index, offering concentrated exposure to large non‑financial companies listed on the Nasdaq — think technology, consumer and biotech leaders. It provides a convenient way to gain growth-oriented exposure to a basket of big-cap, often high-growth names, with intraday liquidity like a stock. Investors should know QQQ is relatively concentrated in a handful of large issuers and sectors, which can amplify both upside and downside versus broader-market funds. It pays modest dividends and typically has higher volatility than diversified market-cap indices. As with any ETF, past performance does not predict future returns; values can fall as well as rise. This content is educational and not personalised advice — consider your risk tolerance, investment horizon and diversification needs before investing, and consult a regulated adviser for tailored guidance.

VOO (VOO)

VOO is Vanguard’s exchange-traded fund designed to track the S&P 500 Index, offering broad exposure to about 500 of the largest publicly traded US companies. It aims to replicate the index’s performance minus fees by holding the same stocks in similar proportions, making it a straightforward, passive way to access large‑cap US equities. Investors commonly use VOO as a core holding for long‑term growth or as a simple building block in a diversified portfolio. It typically offers high liquidity and regular dividend distributions from underlying companies. As with any equity investment, VOO’s value can rise or fall with the market, and past performance is not a guide to future returns. Fees, trading costs and potential tracking error reduce returns slightly. This information is general and educational only and not personalised financial advice — consider your own circumstances or speak to a qualified adviser before investing.

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QQQ vs VOO

Fund Snapshot