QQQ vs. QQQM - Which ETF for the Nasdaq 100 Index?

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QQQ has a fee of 0.20% or 20 basis points, while QQQM is cheaper at 0.15% or 15 basis points. If you're using a tax-advantaged account and you currently own QQQ, switch to QQQM. Period. Day traders on the other hand will appreciate the much greater liquidity and smaller spread of QQQ. Specifically, the average spread on QQQ is 1 cent compared to 3 cents for QQQM. Invesco's launch of QQQM is a response to the demand from retail investors for lower fees, which has been great for the industry as a whole and can be seen from the likes of Vanguard, Schwab, etc. So again, if you're a day trader or you're buying a huge block of shares, use QQQ for the smaller spread and greater liquidity. If you're a retail investor looking to buy and hold the Nasdaq 100 index, use QQQM.
#nasdaq100 #qqq
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