QQQS
Invesco NASDAQ Future Gen 200 ETF
QQQS tracks an equal-weighted index of 200 NASDAQ-listed stocks selected based on the value of their patent portfolios. The portfolio excludes the largest 200 stocks listed on NASDAQ.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 24.8 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Inception date | Oct 13, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MAXLINEAR INC-CLASS A | 2.2 % |
| BANDWIDTH INC. CLASS A | 1.5 % |
| AEHR TEST SYSTEMS | 1.3 % |
| VEECO INSTRUMENTS INC | 1.1 % |
| CODEXIS INC | 1.1 % |
| HIMAX TECHNOLOGIES INC ADR | 1.1 % |
| EVERSPIN TECHNOLOGIES, INC. | 1.1 % |
| SILICON MOTION TECHNOL-ADR | 1.1 % |
| ALPHA & OMEGA SEMICONDUCTOR | 1.0 % |
| COHU INC | 1.0 % |
Constituent Breakdown
| Number of holdings | 201 |
| Herfindahl-Hirschman Index | 63 |
| Wgt avg mkt cap (mns) | $3,088 |
| Large cap (>$10bn) | 8.4% |
| Mid cap ($2-10bn) | 29.1% |
| Small cap (<$2bn) | 57.4% |
| Developed mkts. | 93.1% |
| Emerging mkts. | 1.8% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 82.9 % |
 |
CANADA | 2.4 % |
 |
ISRAEL | 2.3 % |
 |
IRELAND | 1.6 % |
 |
CHINA | 1.5 % |
 |
BRITAIN | 1.3 % |
 |
HONG KONG | 1.1 % |
 |
BERMUDA | 0.7 % |
 |
NETHERLANDS | 0.5 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 22.2% | 50.6% | 21.8% | 12.5% | -- | -- | -- | 14.0% |
| Dividend Yield | 0.3% | 5.1% | 2.8% | 1.9% | -- | -- | -- | 1.7% |
| Total Returns | 22.5% | 55.7% | 24.6% | 14.4% | -- | -- | -- | 15.6% | Ann. Volatility | 27.7% | 27.4% | 29.6% | 28.8% | -- | -- | -- | 28.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.69 | 63% |
| MSCI EAFE | 1.23 | 50% |
| MSCI Emg Mkts | 0.76 | 46% |
Liquidity Measures
| Avg. volume (000) | 9 |
| ADV traded (mns) | $0 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.28% |
Technical Indicators
| 30d moving avg. (EMA) | $42.50 |
| Relative strength (RSI) | 49 |
| MACD/Signal | -0.29/-0.11 |
| Bollinger Bands (Upper/Lower) | $44.86/$40.92 |
| Short interest (% of AUM) | 3.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QQQS |
Expenses vs. QQQS |
ALTAR Score™ vs. QQQS |
|---|---|---|---|---|
| XSD | State Street SPDR S&P Semiconductor ETF | 12.1% | +15 bp | +5.8% |
| PSCT | Invesco S&P SmallCap Information Technology ETF | 11.7% | +9 bp | +6.9% |
| ISMD | Inspire Small/Mid Cap ETF | 10.8% | +34 bp | +8.4% |
| PSI | Invesco Semiconductors ETF | 10.3% | +37 bp | +5.3% |
Risk and Returns: QQQS 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 8/2/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
-3.3%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.0%. QQQS's ALTAR Score™ is approximately -4.4 standard
deviations above the category average. This places QQQS in the 1st percentile
among funds in the category.
Sell-Side Consensus
$54.37
PRICE TARGET
+30.5%
UPSIDE