VOO 追索 S&P 500 ETF (NYSEARCA:VOO) 與 Invesco QQQ Trust，系列 1 (NASDAQ:QQQ) 在成本、殖利率、分散度與風險特性上呈現明顯差異，QQQ 重心在科技，VOO 則提供更廣闊的曝險。

Metric

QQQ

VOO

Issuer

Invesco

Vanguard

Expense ratio

0.18%

0.03%

1-yr return (as of 2026-04-06)

39.6%

32.2%

Dividend yield

0.49%

1.19%

Beta

1.11

1.00

AUM

$372.51 billion

$1.42 trillion

Beta measures price volatility relative to the S&P 500; beta is calculated from five year monthly returns. The one year return represents total return over the trailing twelve months.

VOO looks far more affordable, charging just 0.03% annually compared to QQQ’s 0.18%, and it also pays out a higher dividend yield at 1.2% versus 0.5% for QQQ. These cost and income differences could appeal to fee- and income-conscious investors.

Metric

QQQ

VOO

Max drawdown (five years)

-35.12%

-24.52%

Growth of $1,000 over five years

$1,829

$1,740

VOO tracks roughly 505 of the largest U.S. companies, aiming to mirror the S&P 500 Index. Its portfolio allocates 33% to technology, but also includes sizable allocations to financial services (12%) and communication services (11%). Top holdings include NVIDIA Corp (NASDAQ:NVDA), Apple Inc (NASDAQ:AAPL), and Microsoft Corp (NASDAQ:MSFT), but each forms a smaller slice than in more concentrated funds, and the broader sector spread helps diversify risk.

In contrast, QQQ is more concentrated, comprising 102 holdings and exhibiting a significant allocation to the technology sector at 50%, along with communication services (16%) and consumer cyclical stocks (13%). Its largest positions—NVIDIA Corp (NASDAQ:NVDA), Apple Inc (NASDAQ:AAPL), и Microsoft Corp (NASDAQ:MSFT)—make up a larger share of assets, resulting in a more growth‑oriented, tech‑heavy profile.

For more guidance on ETF investing, check out the full guide at this link.

The Vanguard S&P 500 ETF and the Invesco QQQ Trust are two of the most widely used U.S. equity ETFs, and they are often treated as comparable core holdings because they share many of the same large‑cap names. In practice, they represent very different types of exposure. VOO tracks the S&P 500 and reflects the broad large‑cap U.S. market, while QQQ follows the Nasdaq‑100 and is more heavily weighted toward growth‑oriented sectors and companies.

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VOO holds companies across the major sectors of the U.S. economy, including financials, healthcare, industrials, and technology, which gives it exposure to a broader set of earnings drivers. In contrast, QQQ is concentrated in mega‑cap technology and growth stocks, excluding financials entirely. Its performance relies heavily on a small group of holdings, making returns more dependent on the ongoing success of those companies and favourable growth conditions.

For investors, the real decision is whether they want broad, large‑cap market exposure or a more concentrated allocation to growth leadership. VOO provides a lower‑cost way to track the overall direction of large U.S. companies. QQQ offers a narrower, more top‑heavy exposure, with results tied more closely to a handful of dominant companies and the valuation environment around them.

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Eric Trie has positions in Nvidia. The Motley Fool has positions in and recommends Apple, Microsoft, Nvidia, and Vanguard S&P 500 ETF and is short shares of Apple. The Motley Fool has a disclosure policy.

分析師觀點

我以多年市場經驗觀察，VOO 的低費率與較高股息使其成為長期資產配置的理想選擇，而 QQQ 則適合追求科技成長的投資者，兩者各有側重，投資者可依自身目標與風險承受度選擇合適的基金。