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Recently there is a new ETF to track the Nasdaq 100. Its symbol is QQQM. It is very similar to QQQ and it has lower expense ratio. I understand that QQQ is better known and has a smaller spread between the bid and the ask. For somebody who is going to buy and hold for a long period of time, a larger bid ask spread does not seem like a big deal to me.

Other than the larger bid ask spread, is there any other advantage to QQQ over QQQM?

I am in the United States.

  • it's a "M" mini fund – Fattie Dec 29 '20 at 3:10
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Invesco designed the new QQQM to appeal to buy-and-hold investors, while traders and institutional buyers may prefer to stick with the original QQQ.

Let’s explain. For starters, the new fund is cheaper. QQQM (affectionately known as the Q mini) has a lower management fee. Shares of the Q mini are also a fraction of the value of QQQ, putting the mini within reach of small savers who might balk at QQQ’s price tag.

Source

  • Who affectionately names ETFs? – RonJohn Dec 29 '20 at 0:03
  • LOL on that one @RonJohn – Fattie Dec 29 '20 at 3:10
  • There are some postings on this site saying that the fifth character in an ETF's name has a special meaning. The first four characters belong to the ETF company. – Bernhard Döbler Dec 29 '20 at 22:27

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