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
38.0 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) | $38,030 |
| 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 | 8.8 % |
| MICROSOFT CORP | 7.8 % |
| NVIDIA CORP | 7.7 % |
| BROADCOM INC. | 6.3 % |
| AMAZON.COM INC | 5.6 % |
| META PLATFORMS INC | 5.1 % |
| TESLA MOTORS INC | 4.9 % |
| COSTCO WHOLESALE CORP | 2.7 % |
| ALPHABET INC. CLASS A | 2.6 % |
| ALPHABET INC. CLASS C | 2.5 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 361 |
| Wgt avg mkt cap (mns) | $1,057,260 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 99.3% |
| Emerging mkts. | 0.7% |
Country Exposure
 |
UNITED STATES | 96.5 % |
 |
BRITAIN | 1.8 % |
 |
NETHERLANDS | 0.7 % |
 |
ARGENTINA | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 25.1% | 32.1% | 32.9% | 9.9% | -- | -- | 17.7% | Volatility | 18.0% | 17.3% | 19.4% | 23.7% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 85% |
| MSCI EAFE | 0.93 | 53% |
| MSCI Emg Mkts | 0.77 | 36% |
Liquidity Measures
| Avg. volume (000) | 1,567 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.01% |
| ADV of underlying (mns) | $141,096 |
Technical Indicators
| Recent close | $212.64 |
| 30d moving avg. | $211.54 |
| Annualized volatility | 22.3% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.5% |
| 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 | 100.3% | +5 bp | -0.1% |
| QQMG | Invesco ESG NASDAQ 100 ETF | 85.7% | +5 bp | +0.2% |
| QTOP | iShares Nasdaq Top 30 Stocks ETF | 76.1% | +5 bp | +0.0% |
| ONEQ | Fidelity Nasdaq Composite Index ETF | 70.4% | +6 bp | -0.7% |
| GQQQ | Astoria US Quality Growth Kings ETF | 65.2% | +20 bp | +0.8% |
| MGK | Vanguard Mega Cap Growth ETF | 64.6% | -8 bp | -0.3% |
| VUG | Vanguard Growth ETF | 63.1% | -11 bp | -0.5% |
| IWY | iShares Russell Top 200 Growth ETF | 62.0% | +5 bp | +0.1% |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 61.7% | -11 bp | -0.5% |
| VONG | Vanguard Russell 1000 Growth ETF | 60.8% | -7 bp | +0.0% |
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 12/18/2024
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
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
4.5%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. QQQM's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places QQQM in the 33rd 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. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .