What are the primary investment strategies of QQQM and SPMO?

QQQM tracks the NASDAQ 100, focusing on large-cap growth companies primarily in the technology sector. In contrast, SPMO tracks the S&P 500 Momentum index, which selects stocks showing strong recent performance trends. These distinct methodologies create different investment exposures: QQQM concentrates on growth leaders, while SPMO dynamically reallocates capital toward stocks with positive momentum. The funds' different approaches mean that QQQM has more tech weight, and SPMO might shift holdings over time.

What is an expense ratio and why does it matter?

An expense ratio is the annual fee deducted from a fund's assets. For example, QQQM has a 0.15% expense ratio, while SPMO charges 0.13%. Lower fees mean higher net returns for investors over time. While this difference seems small, compounding can amplify its impact. For instance, if both funds have identical returns, SPMO's lower expense ratio could provide a slight advantage. Always compare expense ratios and net asset sizes when evaluating funds, as they reflect cost efficiency and fund scale.

What is the dividend yield and how does it compare here?

Dividend yield measures annual dividends per share relative to the fund's price. QQQM has a yield of 0.43%, while SPMO yields 0.72%. SPMO's slightly higher yield could be attractive for income-focused investors, though yields vary as stock prices change. However, yields are only one factor—total returns include both price appreciation and dividends. QQQM's growth focus may result in lower yields but potentially higher price appreciation if growth continues.

Which types of investment goals are QQQM and SPMO suitable for?

QQQM is typically suited for growth-focused investors seeking exposure to large-cap technology and innovation leaders, as it tracks the NASDAQ 100. SPMO appeals to investors employing a momentum strategy, targeting stocks with strong recent performance and potentially diversifying across sectors. QQQM's 0.15% expense ratio and concentration in growth stocks make it a choice for long-term growth portfolios, while SPMO's 0.13% expense ratio and higher 0.72% yield may suit those balancing growth with dividend income.

What is the difference between the fund sizes and what does it imply?

Net assets differ substantially. QQQM holds 105.7 billion USD, indicating strong investor confidence and broad adoption. SPMO has 28.9 billion USD, suggesting it is also well-liquid but less popular. Larger funds often benefit from lower trading costs and tighter bid-ask spreads. The size difference does not necessarily impact returns directly but can affect trading efficiency and the fund's stability. Investors should consider these factors alongside expense ratios and strategies.

What are the top holdings and how do they compare?

Both funds share five top-10 holdings, including NVDA, MU, AMD, GOOGL, and GOOG. This overlap shows their exposure to major tech leaders is similar. However, their weightings differ. SPMO's top holding is MU at 11.09%, and QQQM's is NVDA at 8.46%. SPMO also holds JNJ, XOM, and LRCX in its top 10, which are not in QQQM's list. QQQM has AAPL, MSFT, and META, not in SPMO's top 10.

How does the index exposure differ between the two funds?

QQQM tracks the NASDAQ 100, a large-cap index weighted towards growth sectors like tech and communication services. SPMO, as an S&P 500 Momentum ETF, uses a rules-based strategy to select the stocks within the S&P 500 showing the strongest momentum. While both funds include large-cap stocks, QQQM's index is narrower and less diversified, while SPMO can shift sectors based on momentum signals, offering potentially broader sector coverage within the S&P 500 framework.

How does the market capitalization distribution differ?

Both QQQM and SPMO invest in large-cap stocks, but QQQM is concentrated in growth companies, primarily tech, while SPMO's momentum approach diversifies across sectors. QQQM's top 10 holdings, like NVDA at 8.46% and AAPL at 7.89%, reflect its tech-centric focus, resulting in a narrower sector distribution. SPMO's holdings, with a 11.09% in MU and a 9.02% in NVDA, are likely to span sectors with strong recent performance. This gives QQQM a concentration in growth, and SPMO a potential for sector rotation.

When were these funds established?

QQQM was launched on 13 October 2020. It is a relatively new fund, designed as a lower-cost alternative to QQQ. SPMO was launched on 9 October 2015, which gives it a longer track record. Investors may consider the inception date to evaluate the amount of historical performance data available for each fund. While SPMO has over 10 years of history, QQQM's shorter history means less long-term performance data, but it offers the same index as QQQ with a lower fee structure.

What should investors know about tracking errors?

Tracking error measures how closely a fund follows its index. Both QQQM and SPMO aim to track their respective indexes precisely. However, SPMO's momentum strategy may experience greater variations due to the frequent rebalancing required to maintain momentum exposure. QQQM's static index approach typically has lower tracking error. In this data, the specific index tracked for each fund is marked as 'not available'. Investors should look for this information to understand how well each fund historically replicated its benchmark.

What should investors keep in mind when comparing these funds?

This comparison is for educational purposes only and does not constitute financial advice. Investors should consider factors like expense ratios, tracking methods, and their own investment goals when evaluating QQQM and SPMO. Both funds have distinct strategies, with QQQM focusing on NASDAQ 100 growth and SPMO on S&P 500 momentum. Remember to consider your risk tolerance, time horizon, and diversification needs before making investment decisions, as both funds carry specific sector and strategy exposures.

How do sector weights affect these funds?

The specific sector weights for QQQM and SPMO are not available in the provided data. However, based on their top holdings, QQQM is heavily weighted toward technology, which is characteristic of the NASDAQ 100. SPMO's momentum strategy might shift sector weights, but its current top 10 includes tech stocks like MU and NVDA, alongside industrial stocks like INTC. The difference in sector composition could impact performance during different market cycles.

QQQM vs SPMO

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

Compare QQQM (Invesco NASDAQ 100 ETF) and SPMO (Invesco S&P 500 Momentum ETF). This page details fees, holdings, dividends, and tracking. QQQM has a 0.15% expense ratio and 0.43% yield; SPMO has a 0.13% expense ratio and 0.72% yield. Shared top holdings include NVDA, MU, AMD, GOOGL, and GOOG. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

QQQM

Metric

SPMO

0.15%

Expense Ratio

0.13%

0.43%

Dividend Yield

0.72%

$105.70B

Net Assets

$28.85B

106

Holdings

102

Oct 13, 2020

Inception Date

Oct 9, 2015

–

Index Tracked

–

Large Growth

Fund Category

Large Blend

SPMO costs about $2.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	QQQM	SPMO
NVDANVIDIA Corporation	8.46%	9.02%
MUMicron Technology, Inc.	4.85%	11.09%
AMDAdvanced Micro Devices, Inc.	3.91%	4.49%
GOOGLAlphabet Inc.	3.22%	4.51%
GOOGAlphabet Inc.	2.99%	3.57%

Discover More Comparisons

QQQM vs VTI

Compare QQQM and VTI ETFs. Review expense ratios, net assets, dividend yields and top holdings like NVDA and AAPL to understand differences.

QQQM vs VGT

Compare QQQM and VGT. Analyse expense ratios of 0.15% and 0.09%, yields of 0.43% and 0.34%, and shared holdings like NVDA and AAPL to understand tracking.

QQQM vs VUG

Compare QQQM and VUG ETFs. Examine the 0.15% vs 0.03% expense ratios, top holdings like NVDA, dividend yields, and index tracking methods to research.

Investment Analysis

QQQM

Pros

],
],
]

Considerations

SPMO

Pros

Considerations

About QQQM and SPMO

QQQM (QQQM)

The Invesco NASDAQ 100 ETF (QQQM) aims to track the performance of the Nasdaq 100 Index, offering investors exposure to a concentrated basket of large-cap growth companies. As a cost-effective version of the well-known Nasdaq exposure, it typically features lower fees than its larger sibling, making it an attractive option for buy-and-hold strategies. The fund holds approximately 106 companies, heavily weighted towards the technology sector, but also including consumer services, health care, and industrials. With net assets exceeding $105 billion, it provides deep liquidity. While historically associated with strong growth during bullish market periods, investors should remember that the underlying companies are subject to market volatility. Values can rise and fall, and returns are not guaranteed. It suits those seeking broad exposure to major US tech and growth innovators, rather than personalised financial advice.

SPMO (SPMO)

The Invesco S&P 500 Momentum ETF offers investors exposure to companies within the S&P 500 index that have demonstrated stronger price performance compared to the broader market in recent times. By focusing on stocks with positive momentum trends, the fund aims to capture opportunities in sectors or companies currently experiencing growth or renewed interest. It holds approximately 102 companies, reflecting a diversified approach within the large-cap category. With a low expense ratio of 0.13%, it provides a cost-effective way to gain this specific type of market exposure. Investors should note that while momentum strategies can perform well during trending markets, they may underperform during market reversals or periods of volatility. Values can rise and fall, and past performance is not a guarantee of future results. This ETF is suitable for those interested in understanding systematic investment approaches, keeping risk tolerance in mind.

Buy QQQM or SPMO in Nemo

🆓

Zero Commission

Trade stocks, ETFs, and more with zero commission. Keep more of your returns.

🔒

Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

💰

6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

QQQM vs SPMO

Fund Snapshot