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.


5.3%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 40th

NEUTRAL

Recommendation
 
Fund Basics
Fund sponsorInvesco PowerShares
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateMar 10, 1999
Assets (mns)$71,705
Expense ratio20 bp
CurrencyUSD
Constituent Breakdown
No. of constituents103
Herfindahl-Hirschman Index 446
Wgt avg mkt cap (mns)$425,327
Large cap (>$10bn)99.4%
Mid cap ($2-10bn)0.6%
Small cap (<$2bn)0.0%
Developed mkts.98.5%
Emerging mkts.1.5%
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionNASDAQ - Listed
WeightingTiered
Smart-betaNo
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
MICROSOFT CORP 11.3 %
AMAZON.COM INC 10.2 %
APPLE INC 10.1 %
FACEBOOK 4.9 %
ALPHABET INC. CLASS C 4.3 %
ALPHABET INC. CLASS A 3.7 %
CISCO SYSTEMS INC 3.0 %
INTEL CORP 2.6 %
COMCAST CORP-CL A 2.4 %
PEPSICO INC 2.3 %
Sector Breakdown
Country Exposure
UNITED STATES 97.0 %
CHINA 1.1 %
NETHERLANDS 0.5 %
ARGENTINA 0.3 %
CANADA 0.3 %
Historical Performance


Standardized Annual Returns (as of 05/31/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
13.0% 3.2% 11.9% 17.5% 14.9% 18.4% 6.8%
Market Correlations
versus...BetaR-squared
S&P 5001.1380%
MSCI EAFE1.0762%
MSCI Emg Mkts0.7446%
Liquidity Measures
Avg. volume (000)40,346
Turnover10.3%
Avg. Bid/Ask (% of price)0.01%
ADV of underlying (mns)$70,593
Technical Indicators
Recent close$183.74
30d moving avg.$180.80
Annualized volatility14.8%
Relative strength (RSI)43
Short interest (ETF)15.2%
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
Ticker Fund Name Overlap
vs. QQQ
Expenses
vs. QQQ
ALTAR Score™
vs. QQQ
QYLD Global X NASDAQ 100 Covered Call ETF 99.5% +40 bp -0.4%
IGM iShares S&P N. American Technology 66.0% +27 bp -0.7%
IETC iShares Evolved U.S. Technology 61.3% -2 bp -0.5%
ONEQ Fidelity NASDAQ Composite 58.4% +1 bp -0.7%
MGK Vanguard Mega Cap 300 Growth 55.5% -13 bp -0.2%
IWY iShares Russell Top 200 Growth 54.1% 0 bp +0.1%
IYW iShares US Technology 53.7% +23 bp +0.1%
TMFC Motley Fool 100 Index 52.2% +30 bp -0.6%
QQEW First Trust NASDAQ 100 Equal Weight 50.6% +40 bp +0.6%
QQQE Direxion NASDAQ-100 Equal Weight 50.6% +15 bp +0.9%
VUG Vanguard Growth ETF 49.6% -16 bp -0.3%
IWF iShares Russell 1000 Growth 47.1% 0 bp +0.0%
VONG Vanguard Russell 1000 Growth 46.8% -8 bp +0.1%
JKE iShares Morningstar Large Cap Growth 45.4% +5 bp -1.1%
SCHG Schwab U.S. Large-Cap Growth 44.1% -16 bp -0.1%
VGT Vanguard Info Tech ETF 43.8% -10 bp +0.3%
FTEC Fidelity MSCI Info Technology 43.8% -12 bp +0.2%
XLK Technology Select Sector SPDR 43.4% -7 bp +0.3%
XLG Invesco S&P Top 50 43.1% 0 bp +0.2%
IXN iShares S&P Global Technology 41.7% +27 bp +0.4%

Content on this tab for Individual & Professional subscribers only

Results & Estimates
  2014 2015 2016 2017 2018 2019E 2020E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

QQQ

5.3%

Cat. Avg

5.9%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.3%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 681 funds in the US Equities category, with an average ALTAR Score™ of 5.9% and a standard deviation of 2.3%. QQQ's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places QQQ in the 40th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
QQQ
Peer Average
SELL
U/W
HOLD
O/W
BUY



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Where to Trade QQQ
Commission
on QQQ1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$1.00 54
$4.95 500
$4.95 357
$4.95 114
$6.95 308
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.