QQMG
Invesco ESG NASDAQ 100 ETF
QQMG tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
20 bp
EXPENSES
$45.8 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 27, 2021 |
| Assets (mns) | $46 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Principles-based |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 10.7 % |
| MICROSOFT CORP | 10.7 % |
| NVIDIA CORP | 10.3 % |
| BROADCOM INC. | 5.3 % |
| AMAZON.COM INC | 2.5 % |
| TESLA MOTORS INC | 2.3 % |
| NETFLIX INC | 2.3 % |
| ALPHABET INC. CLASS A | 2.2 % |
| ADOBE SYSTEMS INC | 2.1 % |
| ALPHABET INC. CLASS C | 2.1 % |
Constituent Breakdown
| Number of holdings | 92 |
| Herfindahl-Hirschman Index | 449 |
| Wgt avg mkt cap (mns) | $1,066,010 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.5% |
| Emerging mkts. | 0.5% |
Country Exposure
 |
UNITED STATES | 94.9 % |
 |
BRITAIN | 2.7 % |
 |
NETHERLANDS | 1.3 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.1% | 33.1% | 34.1% | -- | -- | -- | 9.9% | Volatility | 16.9% | 16.6% | 22.5% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.22 | 88% |
| MSCI EAFE | 1.01 | 58% |
| MSCI Emg Mkts | 0.81 | 37% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $212,565 |
Technical Indicators
| Recent close | $31.60 |
| 30d moving avg. | $33.69 |
| Annualized volatility | 24.5% |
| Relative strength (RSI) | 66 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QQMG |
Expenses vs. QQMG |
ALTAR Score™ vs. QQMG |
|---|---|---|---|---|
| QQQ | Invesco QQQ Trust Series I | 85.9% | 0 bp | -0.1% |
| QQQM | Invesco NASDAQ 100 ETF | 85.9% | -5 bp | -0.1% |
| ONEQ | Fidelity Nasdaq Composite Index ETF | 69.6% | +1 bp | -0.8% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 62.1% | +8 bp | +0.1% |
| IYW | iShares U.S. Technology ETF | 61.5% | +20 bp | -0.2% |
| IGM | iShares Expanded Tech Sector ETF | 60.5% | +21 bp | -0.2% |
| IWY | iShares Russell Top 200 Growth ETF | 59.7% | 0 bp | +0.2% |
| IWF | iShares Russell 1000 Growth ETF | 59.3% | -1 bp | +0.1% |
| IVW | iShares S&P 500 Growth ETF | 59.1% | -2 bp | -0.2% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 59.0% | -16 bp | -0.1% |
Risk and Returns: QQMG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QQMG
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
QQMG
4.8%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.8% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. QQMG's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places QQMG in the 36th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
QQMG
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| QQMG (20 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QQMG | 20.0 | 6.8 | 26.8 |
| Peer Avg. | 44.3 | 17.3 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .