QQQM
Invesco NASDAQ 100 ETF
QQQM is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
31.2 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
Fund sponsor | Invesco |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Oct 13, 2020 |
Assets (mns) | $31,188 |
Expense ratio | 15 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | NASDAQ - Listed |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
APPLE INC | 9.2 % |
MICROSOFT CORP | 8.5 % |
NVIDIA CORP | 7.5 % |
BROADCOM INC. | 5.4 % |
AMAZON.COM INC | 5.2 % |
META PLATFORMS INC | 5.1 % |
TESLA MOTORS INC | 3.0 % |
COSTCO WHOLESALE CORP | 2.7 % |
ALPHABET INC. CLASS A | 2.5 % |
ALPHABET INC. CLASS C | 2.4 % |
Constituent Breakdown
Number of holdings | 103 |
Herfindahl-Hirschman Index | 370 |
Wgt avg mkt cap (mns) | $1,030,910 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 99.3% |
Emerging mkts. | 0.7% |
Country Exposure
UNITED STATES | 97.4 % | |
BRITAIN | 2.2 % | |
NETHERLANDS | 0.9 % | |
ARGENTINA | 0.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 19.8% | 37.5% | 36.3% | 11.8% | -- | -- | 17.2% | Volatility | 15.6% | 15.8% | 22.0% | 22.9% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.17 | 85% |
MSCI EAFE | 0.93 | 52% |
MSCI Emg Mkts | 0.80 | 37% |
Liquidity Measures
Avg. volume (000) | 2,161 |
Turnover | 1.4% |
Avg. Bid/Ask (% of price) | 0.01% |
ADV of underlying (mns) | $136,928 |
Technical Indicators
Recent close | $200.56 |
30d moving avg. | $194.30 |
Annualized volatility | 22.8% |
Relative strength (RSI) | 66 |
Short interest (ETF) | 0.3% |
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. QQQM |
Expenses vs. QQQM |
ALTAR Score™ vs. QQQM |
---|---|---|---|---|
QQQ | Invesco QQQ Trust Series I | 101.9% | +5 bp | -0.1% |
QQMG | Invesco ESG NASDAQ 100 ETF | 87.2% | +5 bp | +0.1% |
ONEQ | Fidelity Nasdaq Composite Index ETF | 70.9% | +6 bp | -0.7% |
MGK | Vanguard Mega Cap Growth ETF | 62.6% | -8 bp | -0.2% |
IGM | iShares Expanded Tech Sector ETF | 61.4% | +26 bp | -0.2% |
TMFC | Motley Fool 100 Index ETF | 61.2% | +35 bp | -0.8% |
QGRW | WisdomTree U.S. Quality Growth Fund | 61.2% | +13 bp | +0.3% |
IWY | iShares Russell Top 200 Growth ETF | 60.7% | +5 bp | +0.1% |
VUG | Vanguard Growth ETF | 60.1% | -11 bp | -0.3% |
IWF | iShares Russell 1000 Growth ETF | 59.5% | +4 bp | -0.1% |
Risk and Returns: QQQM 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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
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
2023 | 2024E | Fwd Est | 2025E | |
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 10/4/2024
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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
QQQM
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™
QQQM
4.6%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. QQQM's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places QQQM in the 34th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QQQMSELL
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 |
QQQM (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
QQQM | 15.0 | 1.2 | 16.2 |
Peer Avg. | 47.1 | 17.5 | 64.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .