Is QQQ the same fund as QQQM?

Every company we can see inside them is held by both, at the same weight to the decimal — one basket under two names. Their daily closing prices still differ a little: the two listings are quoted at different moments, in different volumes.

Do QQQ and QQQM fall together?

Measured from 1999-03-10 to 2026-11-06, the worst fall on record was 83% for QQQ and 83% for QQQM. Held half and half, the worst fall was 83%. Over the same window, the two swing like a single bet.

What changes if both are held?

A half-and-half mix had volatility 27% over this window, against 27% for QQQ and 27% for QQQM, and its worst fall was 83%. Inside that mix, QQQ carries 50% of the risk for half of the money.

How are these figures measured?

From daily closing prices supplied by Yahoo Finance, over 1999-03-10 to 2026-11-06 — 6,960 trading days, in USD — by the same engine that serves the app. Every figure describes what has already happened: nothing here forecasts returns or losses, and nothing here is advice.

FolionomiqEN · IT · DE

Compare two funds

How much of two funds is the same company, and how far each one fell.

How much of QQQ and QQQM is the same?

Every company we can see inside them is held by both, at the same weight to the decimal: one basket, not two.

Daily prices, 10 Mar 1999 to 6 Nov 2026. What happened, not a forecast.

Measure this pair

Measured over 27 years of daily prices: the same holdings, in the same proportions, under two names.

Measured on 2026-11-06

The companies both of them hold

Company	Share of a half-and-half mix	Through
NVDA	8.5%	QQQ 4.3% · QQQM 4.3%
AAPL	7.4%	QQQ 3.7% · QQQM 3.7%
GOOGL	6.1%	QQQ 3.0% · QQQM 3.0%
MSFT	6.0%	QQQ 3.0% · QQQM 3.0%
MU	4.8%	QQQ 2.4% · QQQM 2.4%
AMZN	4.5%	QQQ 2.2% · QQQM 2.2%
AMD	3.4%	QQQ 1.7% · QQQM 1.7%
TSLA	2.9%	QQQ 1.5% · QQQM 1.5%

Overlap is counted company by company: the smaller of its two weights, added up. This measurement names the companies behind 99% of the money; the rest is out of its sight. The share above is what is shared within that part: it is a floor, never the total overlap.

The worst falls on record

Holding	Worst fall	Volatility
QQQ	83%	27%
QQQM	83%	27%
Both, half and half	83%	27%

Measured on the same window for all three rows, so they can be read against each other. A fall is peak to trough on daily closes.

Where the risk sits in a half-and-half mix

Holding	Money	Risk	Ratio
QQQ	50%	50%	1.00
QQQM	50%	50%	1.00

The reading, in full

PORTFOLIO: QQQ + QQQM
1999-03-10 to 2026-11-06 · 6,960 trading days · USD

2 holdings.
Together they swing like a single bet.

QQQ carries 50% of the risk on its own.
Volatility 27% · worst fall on record 83%.
Risk 23% → 21% over the last year, mostly because the holdings themselves got quieter.

Descriptive. No forecast, no advice. Every figure above is measured over the window named at the top.
folionomiq.com

Questions people ask about this pair

Is QQQ the same fund as QQQM?: Every company we can see inside them is held by both, at the same weight to the decimal — one basket under two names. Their daily closing prices still differ a little: the two listings are quoted at different moments, in different volumes.
Do QQQ and QQQM fall together?: Measured from 1999-03-10 to 2026-11-06, the worst fall on record was 83% for QQQ and 83% for QQQM. Held half and half, the worst fall was 83%. Over the same window, the two swing like a single bet.
What changes if both are held?: A half-and-half mix had volatility 27% over this window, against 27% for QQQ and 27% for QQQM, and its worst fall was 83%. Inside that mix, QQQ carries 50% of the risk for half of the money.
How are these figures measured?: From daily closing prices supplied by Yahoo Finance, over 1999-03-10 to 2026-11-06 — 6,960 trading days, in USD — by the same engine that serves the app. Every figure describes what has already happened: nothing here forecasts returns or losses, and nothing here is advice.

What this does not say

Every figure is measured on past daily prices over the window below. It is not a forecast of returns or losses.
QQQM before 2020-10-13 is measured on the daily moves of QQQ, an older fund on the same index (Nasdaq-100), from 1999-03-10. Those years describe the older fund, not QQQM's own record. Older crises may still lie outside the window.
The overlap is measured through published holdings only, and is a floor: the real figure is at least this, and cannot be smaller.
Which of two funds to hold depends on things not measured here — what you already own, costs at your broker, and your own tax position.

Measure it with what you actually hold

Change the split, add the rest of your portfolio, see what the pair does inside it: same engine, nothing saved on our side.

Measure this pair

Other pairs

VOO vs VTI overlap: how much of them is the same VOO vs SPY overlap: how much of them is the same SPY vs IVV overlap: how much of them is the same SPY vs QQQ overlap: how much of them is the same VOO vs QQQ overlap: how much of them is the same VTI vs VXUS overlap: how much of them is the same Famous portfolios, measured every trading day →

Build a portfolio with these twoBoth on the measure page, half and half: change them into yours.Another pairEvery comparison measured here.

Measured 1999-03-10 to 2026-11-06 over 6,960 trading days, in USD, from Yahoo Finance prices. Descriptive: this page reports what these two funds have done and how much of them is the same holding. It does not forecast returns or losses, it does not say which to hold, and it is not advice. How every figure is measured. Terms and privacy: /terms. If a figure looks wrong: [email protected].