Summary
- With continued Nasdaq price appreciation expansion and rate cuts, I see a mixed combination of elevated valuations and robust growth potential.
- This combination requires a disciplined and long-term-oriented approach.
- Invesco NASDAQ 100 ETF offers a structurally superi…
Summary
- With continued Nasdaq price appreciation expansion and rate cuts, I see a mixed combination of elevated valuations and robust growth potential.
- This combination requires a disciplined and long-term-oriented approach.
- Invesco NASDAQ 100 ETF offers a structurally superior long-term vehicle over QQQ for this approach.
- Compared to QQQ, QQQM offers lower fees, higher yield, and also lower turnover rates, whose benefits can accumulate to sizable amounts.
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QQQ and QQQM ETF: previous thesis and new developments
I last analyzed the ** Invesco Nasdaq 100 ETF** (QQQM) on August 22, 2025 with a comparison against the ARK Innovation ETF (
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Quick Insights
QQQM’s 0.15% expense ratio, 25% lower than QQQ’s, compounds to a material performance advantage and potentially adding ~$15k on a $100k investment over 30 years.
QQQM’s 6.00% turnover, nearly 25% lower than QQQ’s, reduces trading friction, tax drag, and operating costs, supporting superior long-term compounding.
For investors prioritizing liquidity and tighter percentage trading spreads—such as frequent or large-volume traders—QQQ’s larger AUM and tradability may outweigh its disadvantages.