Updated Reviewed quarterly
QQQ vs QQQM: ETF Comparison
QQQ · Invesco
TER 0.18% · Yield —
QQQM · Invesco
TER 0.15% · Yield —
Both QQQ and QQQM are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
In 30 seconds: QQQ (Invesco QQQ Trust, Invesco) trades on the NASDAQ at 0.18% TER. QQQM (Invesco Nasdaq-100 ETF, Invesco) trades on the NASDAQ at 0.15% TER. Both QQQ and QQQM are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
- QQQ: Invesco QQQ Trust — 0.18% TER, FIF above NZ$50K
- QQQM: Invesco Nasdaq-100 ETF — 0.15% TER, FIF above NZ$50K
- QQQ yield: not currently published
- QQQM yield: not currently published
- Cheaper TER: QQQM
Head-to-head comparison
| Feature | QQQ | QQQM |
|---|---|---|
| Fund | Invesco QQQ Trust | Invesco Nasdaq-100 ETF |
| Issuer | Invesco | Invesco |
| Exchange | NASDAQ | NASDAQ |
| Total expense ratio | 0.18% | 0.15% |
| Dividend yield (TTM) | — | — |
| Distribution frequency | Quarterly | Quarterly |
| NZ tax wrapper | FIF above NZ$50K | FIF above NZ$50K |
Where to buy
QQQ trades on the NASDAQ — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. QQQM trades on the NASDAQ — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. See all 11 NZ investment platforms compared.
Frequently asked questions
What is the difference between QQQ and QQQM?▾
QQQ (Invesco QQQ Trust) charges 0.18% TER vs QQQM (Invesco Nasdaq-100 ETF) at 0.15%. Both are issued by Invesco. Both QQQ and QQQM are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
Which has the lower fee, QQQ or QQQM?▾
QQQM is cheaper at 0.15% TER vs QQQ at 0.18% — a gap of 0.03 percentage points.
Which yields more, QQQ or QQQM?▾
Yield data for at least one fund is not currently published — check the issuer fact sheet for the latest trailing 12-month yield. Headline yield is gross; after-tax outcome depends on your tax wrapper (FIF above NZ$50K for QQQ, FIF above NZ$50K for QQQM).
Can NZ residents buy both QQQ and QQQM?▾
Yes. QQQ is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. QQQM is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers.
How does NZ tax differ between QQQ and QQQM?▾
QQQ is FIF above NZ$50K. QQQM is FIF above NZ$50K. Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.
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