QQQ
Invesco QQQ
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.
5.0%
ALTAR Score™
Trend in ALTAR Score™
Percentile: 38th
UNDERWEIGHT
Recommendation
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 10, 1999 |
| Assets (mns) | $73,531 |
| Expense ratio | 20 bp |
| Currency | USD |
Constituent Breakdown
| No. of constituents | 104 |
| Herfindahl-Hirschman Index | 433 |
| Wgt avg mkt cap (mns) | $441,293 |
| Large cap (>$10bn) | 99.8% |
| Mid cap ($2-10bn) | 0.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.2% |
| Emerging mkts. | 1.8% |
Fund Structure
| Regulation | Open-End Investment Co |
| 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 | 10.3 % |
| MICROSOFT CORP | 10.2 % |
| AMAZON.COM INC | 9.9 % |
| 4.7 % | |
| ALPHABET INC. CLASS C | 4.7 % |
| ALPHABET INC. CLASS A | 4.1 % |
| INTEL CORP | 3.1 % |
| CISCO SYSTEMS INC | 3.0 % |
| COMCAST CORP-CL A | 2.3 % |
| PEPSICO INC | 2.1 % |
Sector Breakdown
Country Exposure
| UNITED STATES | 97.0 % |
| CHINA | 1.4 % |
| NETHERLANDS | 0.6 % |
| ARGENTINA | 0.3 % |
| ISRAEL | 0.3 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2019)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 16.7% | 13.2% | 17.5% | 19.1% | 16.6% | 20.7% | 7.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.11 | 74% |
| MSCI EAFE | 0.92 | 48% |
| MSCI Emg Mkts | 0.61 | 33% |
Liquidity Measures
| Avg. volume (000) | 36,755 |
| Turnover | 9.4% |
| Avg. Bid/Ask (% of price) | 0.01% |
| ADV of underlying (mns) | $70,945 |
Technical Indicators
| Recent close | $187.15 |
| 30d moving avg. | $180.18 |
| Annualized volatility | 13.8% |
| Relative strength (RSI) | 68 |
| 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)
Alternative ETFs
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Results & Estimates
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019E | 2020E | ||
|---|---|---|---|---|---|---|---|---|
| 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
Content on this tab for Individual & Professional subscribers only
Valuation Metrics
| 2018 | 2019E | 2020E | |
| Price-to-sales | --x | --x | --x |
| Price-to-earnings | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x |
| Price-to-growth | --x | --x | --x |
| Price-to-book value | --x | --x | --x |
| Yield | --% | --% | --% |
Peer Group Comparison
Historical Valuation Trends
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
QQQ
5.0%
Cat. Avg
5.7%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.0% |
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 666 funds in the US Equities category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.2%. QQQ's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places QQQ in the 38th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Breakdown
Composite
QQQ
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
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Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
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Today's Trading
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