QOWZ
Invesco Nasdaq Free Cash Flow Achievers ETF
QOWZ tracks an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
16.9 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 04, 2023 |
| Assets (mns) | $17 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 9.2 % |
| META PLATFORMS INC | 6.6 % |
| BROADCOM INC. | 5.4 % |
| UNITEDHEALTH GROUP INC | 5.0 % |
| MASTERCARD INCORPORATED CLASS A | 4.7 % |
| SALESFORCE.COM INC | 3.5 % |
| THERMO FISHER SCIENTIFIC INC | 3.1 % |
| INTUIT INC | 3.0 % |
| ADOBE SYSTEMS INC | 2.9 % |
| SERVICENOW INC | 2.8 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 335 |
| Wgt avg mkt cap (mns) | $504,459 |
| Large cap (>$10bn) | 92.9% |
| Mid cap ($2-10bn) | 6.2% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.7 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.4% | 18.6% | -- | -- | -- | -- | 32.0% | Volatility | 18.8% | 17.9% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 89% |
| MSCI EAFE | 0.33 | 9% |
| MSCI Emg Mkts | 0.47 | 10% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $48,211 |
Technical Indicators
| Recent close | $31.71 |
| 30d moving avg. | $32.61 |
| Annualized volatility | 13.6% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.9% |
| Short interest (underlying) | 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. QOWZ |
Expenses vs. QOWZ |
ALTAR Score™ vs. QOWZ |
|---|---|---|---|---|
| FFOG | Franklin Focused Growth ETF | 31.6% | +22 bp | -1.3% |
| IGM | iShares Expanded Tech Sector ETF | 29.7% | +2 bp | +0.5% |
| XPND | First Trust Expanded Technology ETF | 29.2% | +26 bp | +0.2% |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 28.9% | +21 bp | +0.4% |
| IETC | iShares U.S. Tech Independence Focused ETF | 28.8% | -21 bp | +0.6% |
| XLK | Technology Select Sector SPDR Fund | 28.4% | -31 bp | +1.2% |
| IYW | iShares U.S. Technology ETF | 27.1% | +1 bp | +0.5% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 26.9% | +36 bp | -0.6% |
| SXQG | ETC 6 Meridian Quality Growth ETF | 26.7% | +61 bp | +0.5% |
| VEGN | US Vegan Climate ETF | 26.5% | +21 bp | +0.5% |
Risk and Returns: QOWZ 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 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/2/2025
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
QOWZ
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™
QOWZ
4.1%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.8%. QOWZ's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places QOWZ in the 28th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QOWZSELL
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 |
| QOWZ (39 bp) Percentile rank | 41 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QOWZ | 39.0 | 0.0 | 39 |
| Peer Avg. | 43.6 | 15.8 | 59.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .