QQQ
Invesco QQQ Trust Series I
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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
341.4 B
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 10, 1999 |
| Assets (mns) | $341,355 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | NASDAQ - Listed |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICROSOFT CORP | 8.7 % |
| NVIDIA CORP | 8.6 % |
| APPLE INC | 7.6 % |
| AMAZON.COM INC | 5.6 % |
| BROADCOM INC. | 4.7 % |
| META PLATFORMS INC | 3.8 % |
| NETFLIX INC | 3.2 % |
| COSTCO WHOLESALE CORP | 2.7 % |
| TESLA MOTORS INC | 2.7 % |
| ALPHABET INC. CLASS A | 2.5 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 345 |
| Wgt avg mkt cap (mns) | $1,125,828 |
| Large cap (>$10bn) | 99.7% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.3% |
| Emerging mkts. | 1.3% |
Country Exposure
 |
UNITED STATES | 95.1 % |
 |
BRITAIN | 2.0 % |
 |
CANADA | 0.8 % |
 |
ARGENTINA | 0.8 % |
 |
NETHERLANDS | 0.7 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.5% | 15.2% | 22.1% | 19.0% | 17.3% | 16.8% | 14.0% | 9.2% |
| Dividend Yield | 0.2% | 0.7% | 0.8% | 0.8% | 0.7% | 0.9% | 0.9% | 0.7% |
| Total Returns | 1.7% | 15.9% | 22.9% | 19.8% | 18.1% | 17.7% | 14.8% | 9.9% | Ann. Volatility | 32.7% | 25.7% | 21.3% | 23.4% | 23.6% | 22.6% | 21.9% | 27.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 84% |
| MSCI EAFE | 0.70 | 35% |
| MSCI Emg Mkts | 0.60 | 26% |
Liquidity Measures
| Avg. volume (000) | 49,645 |
| ADV traded (mns) | $26,431 |
| Turnover | 7.7% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $532.41 |
| 30d moving avg. | $505.60 |
| Annualized volatility | 20.5% |
| Relative strength (RSI) | 60 |
| Short interest | 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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| QQQM | Invesco NASDAQ 100 ETF | 99.7% | -5 bp | +4.3% |
| QQMG | Invesco ESG NASDAQ 100 ETF | 85.7% | 0 bp | +4.3% |
| QTOP | iShares Nasdaq Top 30 Stocks ETF | 74.0% | 0 bp | +4.4% |
| ONEQ | Fidelity Nasdaq Composite Index ETF | 71.9% | +1 bp | +4.0% |
| MGK | Vanguard Mega Cap Growth ETF | 64.6% | -13 bp | +4.2% |
| VUG | Vanguard Growth ETF | 64.2% | -16 bp | +4.1% |
| IWY | iShares Russell Top 200 Growth ETF | 63.4% | 0 bp | +4.7% |
| GQQQ | Astoria US Quality Growth Kings ETF | 62.7% | +15 bp | +4.9% |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 62.1% | -16 bp | +4.1% |
| IGM | iShares Expanded Tech Sector ETF | 61.8% | +21 bp | +4.1% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 6/12/2025
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
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 Rating
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.
ALTAR Score™
4.2%
Cat. Avg
5.9%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.3%. 's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places in the 24th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QQQSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| (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) |
|
|---|---|---|---|
| 20.0 | 0.0 | 20 | |
| Peer Avg. | 43.6 | 16.2 | 59.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .