Does QQQM pay dividends?
QQQM has a dividend yield of 0.67% and paid $1.19 per share in the past year. The dividend is paid every three months and the last ex-dividend date was Mar 18, 2024.
QQQ has a higher expense ratio than QQQM by 0.05%. This can indicate that it's more expensive to invest in QQQ than QQQM. QQQ targets investing in US Equities, while QQQM targets investing in US Equities. QQQ is managed by Invesco, while QQQM is managed by Invesco.
QQQ's upcoming ex-dividend date is on Mar 18, 2024. QQQ shareholders who own QQQ ETF before this date will receive QQQ's next dividend payment of $0.57 per share on Apr 30, 2024. Add QQQ to your watchlist to be reminded before QQQ's ex-dividend date. When is QQQ dividend payment date?
For the buy-and-hold saver, QQQM is likely the more appealing option due to its lower fees, smaller share price, and reinvested dividends.
| Ticker | Name | Annual dividend yield |
|---|---|---|
| RDIV | Invesco S&P Ultra Dividend Revenue ETF | 4.87% |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 4.49% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 4.36% |
| DJD | Invesco Dow Jones Industrial Average Dividend ETF | 4.25% |
Although both have fairly competitive fees, QQQM's 0.15% expense ratio is more efficient than QQQ's 0.20% expense ratio. Combined with the QQQM's slightly higher annual dividend yield, this makes QQQM more suitable for buy and hold investors.
While both ETFs have the same trading rules, the key difference is trading volume and spread cost. Since QQQ is a larger fund with a significantly higher volume, it has a lower spread cost. On the other hand, since QQQM is newer and smaller, it has a higher spread cost.
Our ETFs can be tax-efficient investments that provide access to index-based and actively managed strategies. Our tax-efficient ETF lineup includes: 180+ ETFs that haven't paid a single capital gains distribution in the past five years, including RSP, QQQM, and BKLN.
Calculate your return
Invesco QQQ Market Price: YTD: 8.56%; 1YR: 39.27%; 3YR: 12.34%; 5YR: 20.62%; 10YR: 18.58%; Since Inception: 9.70%.
| Company | Dividend Yield |
|---|---|
| Evolution Petroleum Corporation (EPM) | 8.39% |
| Eagle Bancorp Inc (MD) (EGBN) | 8.18% |
| CVR Energy Inc (CVI) | 8.13% |
| First Of Long Island Corp. (FLIC) | 7.87% |
Is QQQM better than Voo?
Invesco NASDAQ 100 ETF (QQQM) has a higher volatility of 5.14% compared to Vanguard S&P 500 ETF (VOO) at 3.60%. This indicates that QQQM's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
QQQM is an ETF designed to track the Nasdaq-100 Index, a well-known benchmark comprised of large- and mega-cap US companies. QQQM provides access to some of the world's most innovative companies in the cost-effective³ and tax-efficient² ETF structure.
Among large-cap growth ETFs, the Invesco QQQ Trust (QQQ) and the Invesco NASDAQ 100 ETF (QQQM) are known for being strong proxies for the technology sector. That's because those funds allocate almost half their respective rosters to that group.
| Symbol | Name | Dividend Yield |
|---|---|---|
| XRMI | Global X S&P 500 Risk Managed Income ETF | 12.41% |
| YYY | Amplify High Income ETF | 12.33% |
| SPYI | NEOS S&P 500 High Income ETF | 12.02% |
| TUGN | STF Tactical Growth & Income ETF | 11.99% |
Cons. No guarantee of future dividends. Stock price declines may offset yield. Dividends are taxed in the year they are distributed to shareholders.
Dividend ETFs or Dividend Stocks: Which Is Better? Dividend ETFs can be a good option for investors looking for a low-cost, diversified and reliable source of income from their investments. Dividend stocks may be a better option for investors who prefer to choose their own investments.
You should consider the Invesco NASDAQ 100 ETF (QQQM), a passively managed exchange traded fund launched on 10/13/2020. The fund is sponsored by Invesco. It has amassed assets over $22.22 billion, making it one of the largest ETFs attempting to match the Large Cap Growth segment of the US equity market.
QQQ vs QQQM Chart — Performance
Performance is virtually identical. Either fund is suitable as a foundational stock ETF in your portfolio. QQQM has a smaller expense ratio, making it a better choice for buy-and-hold investors.
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF quote is equal to 175.655 USD at 2024-04-24. Based on our forecasts, a long-term increase is expected, the "QQQM" stock price prognosis for 2029-04-20 is 428.372 USD. With a 5-year investment, the revenue is expected to be around +143.87%.
QQQ appears to be the single best long-term investment option for investors seeking total returns due to its ability to expose holders to top U.S. companies on an ongoing basis. The Nasdaq 100 has consistently outperformed the S&P 500 in terms of total returns, making it a favorable choice for long-term investors.
Is QQQM tax efficient?
While QQQM is fairly tax-efficient with a low 0.7% 30-day SEC yield, investors who hold it in a taxable account will still have to pay capital gains tax if they sell for a profit.
- Invesco (QQQ) ...
- Invesco Nasdaq 100 ETF (QQQM) ...
- Fidelity Nasdaq Composite Index ETF (ONEQ) ...
- Direxion Nasdaq-100 Equal Weighted Index Shares (QQQE) ...
- Invesco Nasdaq Next Gen 100 ETF (QQQJ)
At least once a year, funds must pass on any net gains they've realized. As a fund shareholder, you could be on the hook for taxes on gains even if you haven't sold any of your shares.
The QQQ ETF offers buy-and-hold investors low expenses and long-term growth potential with enough diversification to avoid the risks of betting on one company. On the downside, long-term investors in QQQ must deal with sector risk, possible overvaluation, and the absence of small caps.
If you buy substantially identical security within 30 days before or after a sale at a loss, you are subject to the wash sale rule. This prevents you from claiming the loss at this time.
