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) | $181,191 |
| 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 | 11.4 % |
| MICROSOFT CORP | 10.0 % |
| AMAZON.COM INC | 8.5 % |
| ALPHABET INC. CLASS C | 4.1 % |
| 4.1 % | |
| ALPHABET INC. CLASS A | 3.7 % |
| TESLA MOTORS INC | 3.5 % |
| NVIDIA CORP | 3.4 % |
| PAYPAL HOLDINGS INC | 2.5 % |
| ADOBE SYSTEMS INC | 2.1 % |
Constituent Breakdown
| Number of holdings | 102 |
| Herfindahl-Hirschman Index | 430 |
| Wgt avg mkt cap (mns) | $911,858 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.2% |
| Emerging mkts. | 1.8% |
Country Exposure
 |
UNITED STATES | 96.6 % |
 |
CHINA | 1.3 % |
 |
NETHERLANDS | 0.8 % |
 |
ARGENTINA | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 06/30/2021)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 13.1% | 43.8% | 38.6% | 28.2% | 27.9% | 21.2% | 9.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 88% |
| MSCI EAFE | 0.90 | 67% |
| MSCI Emg Mkts | 0.76 | 58% |
Liquidity Measures
| Avg. volume (000) | 39,831 |
| Turnover | 8.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $156,202 |
Technical Indicators
| Recent close | $368.20 |
| 30d moving avg. | $354.22 |
| Annualized volatility | 20.1% |
| Relative strength (RSI) | 72 |
| Short interest (ETF) | 13.1% |
| Short interest (underlying) | 1.6% |
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. QQQ |
Expenses vs. QQQ |
ALTAR Score™ vs. QQQ |
|---|---|---|---|---|
| QYLD | Global X NASDAQ 100 Covered Call ETF | 100.0% | +40 bp | -0.3% |
| QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 99.9% | +40 bp | -0.3% |
| QQQM | Invesco NASDAQ 100 ETF | 99.9% | -5 bp | +0.1% |
| NUSI | Nationwide Risk-Managed Income ETF | 99.4% | +48 bp | -0.4% |
| ONEQ | Fidelity Nasdaq Composite Index Tracking Stock | 73.6% | +1 bp | -0.6% |
| IGM | iShares Expanded Tech Sector ETF | 66.8% | +26 bp | -0.3% |
| IWY | iShares Russell Top 200 Growth ETF | 66.6% | 0 bp | +0.2% |
| MGK | Vanguard Mega Cap Growth ETF | 65.3% | -13 bp | 0.0% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 64.1% | -16 bp | +0.3% |
| IVW | iShares S&P 500 Growth ETF | 64.1% | -2 bp | +0.1% |
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Results & Estimates
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2020 | 2021E | Fwd Est | 2022E | |
| 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 7/23/2021
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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.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QQQ
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
3.5%
Cat. Avg
4.8%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.5% |
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 779 funds in the US Equities category, with an average ALTAR Score™
of 4.8% and a standard deviation of
2.3%. QQQ's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places QQQ in the 29th 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
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QQQ | 20.0 | 0.3 | 20.3 |
| Peer Avg. | 27.1 | 7.3 | 34.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .