QQQ
Invesco QQQ Trust
Exchange traded fund designed to correspond to the price and yield performance of the Nasdaq-100 Index, which consists of the 100 largest non-financial companies listed on NASDAQ.
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 10, 1999 |
| Assets (mns) | $141,007 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | NASDAQ - Listed |
| Weighting | Tiered |
| Smart-beta | No |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 13.2 % |
| MICROSOFT CORP | 10.6 % |
| AMAZON.COM INC | 10.1 % |
| 4.3 % | |
| ALPHABET INC. CLASS A | 3.9 % |
| ALPHABET INC. CLASS C | 3.8 % |
| TESLA MOTORS INC | 3.1 % |
| NVIDIA CORP | 2.7 % |
| ADOBE SYSTEMS INC | 1.9 % |
| COMCAST CORP-CL A | 1.8 % |
Constituent Breakdown
| Number of holdings | 103 |
| Herfindahl-Hirschman Index | 497 |
| Wgt avg mkt cap (mns) | $783,153 |
| Large cap (>$10bn) | 99.8% |
| Mid cap ($2-10bn) | 0.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.1% |
| Emerging mkts. | 2.0% |
Country Exposure
 |
UNITED STATES | 96.7 % |
 |
CHINA | 1.8 % |
 |
NETHERLANDS | 0.6 % |
 |
ARGENTINA | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 10/31/2020)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 27.3% | 37.7% | 27.0% | 21.9% | 20.0% | 19.0% | 8.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 89% |
| MSCI EAFE | 1.02 | 70% |
| MSCI Emg Mkts | 0.73 | 55% |
Liquidity Measures
| Avg. volume (000) | 42,893 |
| Turnover | 9.0% |
| Avg. Bid/Ask (% of price) | 0.01% |
| ADV of underlying (mns) | $111,640 |
Technical Indicators
| Recent close | $294.47 |
| 30d moving avg. | $285.91 |
| Annualized volatility | 19.8% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 11.9% |
| Short interest (underlying) | 2.4% |
Distributions
Total Cost of Ownership Detail
| QQQ | Difference | ||
|---|---|---|---|
| Fund expenses | -- | -- | |
| Bid/Ask spread | -- | -- | |
| Round-trip commission | -- | -- | -- |
| Total Cost of Ownership | -- | -- | -- |
Total Cost of Ownership over Time
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. QQQ |
Expenses vs. QQQ |
ALTAR Score™ vs. QQQ |
|---|---|---|---|---|
| QQQ | Invesco QQQ Trust | 99.9% | 0 bp | 0.0% |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 99.6% | +40 bp | -0.4% |
| QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 99.5% | +40 bp | -0.4% |
| NUSI | Nationwide Risk-Managed Income ETF | 98.6% | +48 bp | -0.2% |
| ONEQ | Fidelity Nasdaq Composite Index Tracking Stock | 74.3% | +1 bp | -0.8% |
| MGK | Vanguard Mega Cap Growth ETF | 69.1% | -13 bp | +0.1% |
| IWY | iShares Russell Top 200 Growth ETF | 66.1% | 0 bp | +0.1% |
| IETC | iShares Evolved U.S. Technology ETF | 63.5% | -2 bp | -0.1% |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 63.5% | -16 bp | -0.3% |
| TMFC | Motley Fool 100 Index ETF | 62.9% | +30 bp | -0.5% |
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Results & Estimates
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2019 | 2020E | Fwd Est | 2021E | |
| 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 11/24/2020
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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.
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™
QQQ
3.7%
Cat. Avg
5.0%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.7% |
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 719 funds in the US Equities category, with an average ALTAR Score™
of 5.0% and a standard deviation of
2.3%. QQQ's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places QQQ in the 28th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
QQQ
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
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Market Activity
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| Bid/Ask Spread | |
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