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ETF Comparisons

QQQM vs. XLE

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

QQQM
$--
vs

Energy Select Sector SPDR Fund

XLE
$--

Correlation

0.35

Compare with

Top 10 comparisons with QQQM:
Compare:
QQQM
Correlation
With:
XLE
Energy Select Sector SPDR Fund
0.35
SwitchQLDProShares Trust - ProShares Ultra QQQ 2x Shares1.00QQQInvesco Capital Management LLC - Invesco QQQ Trust Series 11.00TQQQProShares Trust - ProShares UltraPro QQQ 3x Shares1.00MGKVanguard Group, Inc. - Vanguard Mega Cap Growth ETF0.99ONEQFidelity Covington Trust - Fidelity Nasdaq Composite Index ETF0.99SCHGSchwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF0.99VUGVanguard Group, Inc. - Vanguard Growth ETF0.99IWYBlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF0.99IWFBlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF0.99VONGVanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF0.99

Top 10 shared holdings

The top 10 holdings shared by QQQM and XLE:

There are no shared holdings.
Invest with QQQM
Learn more about XLE
QQQMInvesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
XLEEnergy Select Sector SPDR Fund

What is QQQM?

The Invesco NASDAQ 100 ETF (Fund) is based on the NASDAQ-100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index includes securities of 100 of the largest domestic and international nonfinancial companies listed on Nasdaq. The Fund and Index are rebalanced quarterly and reconstituted annually.

Snapshot
**

QQQM Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
XLE Energy Select Sector SPDR Fund
Inception date
Oct 13 2020
Dec 16 1998
Expense ratio
0.15%
0.10%
QQQM has a higher expense ratio than XLE by 0.04%. This can indicate that it’s more expensive to invest in QQQM than XLE.
Type
US Equities
US Equities
QQQM targets investing in US Equities, while XLE targets investing in US Equities.
Fund owner
Invesco
State Street (SPDR)
QQQM is managed by Invesco, while XLE is managed by State Street (SPDR).
Volume (1m avg. daily)
$154,621,362
$1,678,169,867
Both QQQM and XLE are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$14,236,186,221
$38,180,414,875
QQQM has more assets under management than XLE by $23,944,228,654. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Nasdaq 100 Index
S&P Energy Select Sector Index
QQQM is based off of the Nasdaq 100 Index, while XLE is based off of the S&P Energy Select Sector Index
Inverse/Leveraged
No
No
QQQM and XLE use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
QQQM and XLE both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
QQQM and XLE may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither QQQM nor XLE require a K1.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

Automated Strategies
Related toQQQM

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toXLE

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.