QQQN
VictoryShares Nasdaq Next 50 ETF
QQQN tracks a market-cap weighted, narrow index of 50 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
18.2 M
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Fund sponsor | Crestview |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 10, 2020 |
| Assets (mns) | $18 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | NASDAQ - Listed |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MONOLITHIC POWER SYSTEMS INC | 4.4 % |
| ALNYLAM PHARMACEUTICALS INC | 3.3 % |
| TRACTOR SUPPLY COMPANY | 3.1 % |
| MICROSTRATEGY INC-CL A | 3.0 % |
| EBAY INC | 3.0 % |
| ICON PLC | 2.9 % |
| NETAPP INC | 2.9 % |
| FIRST SOLAR INC | 2.7 % |
| AXON ENTERPRISE INC | 2.6 % |
| WESTERN DIGITAL CORP | 2.4 % |
Constituent Breakdown
| Number of holdings | 57 |
| Herfindahl-Hirschman Index | 220 |
| Wgt avg mkt cap (mns) | $24,942 |
| Large cap (>$10bn) | 97.4% |
| Mid cap ($2-10bn) | 2.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 94.4% |
| Emerging mkts. | 5.6% |
Country Exposure
 |
UNITED STATES | 81.2 % |
 |
IRELAND | 5.3 % |
 |
CHINA | 4.3 % |
 |
ISRAEL | 2.3 % |
 |
FRANCE | 1.6 % |
 |
SWITZERLAND | 1.5 % |
 |
SINGAPORE | 1.4 % |
 |
GERMANY | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 16.9% | 16.9% | 18.1% | 23.4% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.15 | 84% |
| MSCI EAFE | 1.04 | 70% |
| MSCI Emg Mkts | 0.83 | 44% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $17,364 |
Technical Indicators
| Recent close | $31.65 |
| 30d moving avg. | $31.07 |
| Annualized volatility | 22.0% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 1.2% |
| Short interest (underlying) | 4.4% |
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. QQQN |
Expenses vs. QQQN |
ALTAR Score™ vs. QQQN |
|---|---|---|---|---|
| QQJG | Invesco ESG NASDAQ Next Gen 100 ETF | 62.9% | +2 bp | +0.7% |
| QQQJ | Invesco NASDAQ Next Gen 100 ETF | 58.6% | -3 bp | -0.3% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 18.1% | +22 bp | +0.8% |
| NUMG | Nuveen ESG Mid-Cap Growth ETF | 16.0% | +13 bp | -1.4% |
| USRD | Themes US R&D Champions ETF | 15.3% | +11 bp | +2.2% |
| TMFX | Motley Fool Next Index ETF | 13.3% | +32 bp | -2.1% |
| IWP | iShares Russell Mid-Cap Growth ETF | 12.1% | +5 bp | -1.8% |
| SPHB | Invesco S&P 500 High Beta ETF | 11.3% | +7 bp | -1.3% |
| FXL | First Trust Technology AlphaDEX Fund | 10.9% | +43 bp | +0.3% |
| CSMD | Congress SMid Growth ETF | 10.9% | +51 bp | -0.5% |
Risk and Returns: QQQN 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 10/31/2024
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
QQQN
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
QQQN
4.9%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. QQQN's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places QQQN in the 41st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QQQNSELL
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 |
| QQQN (18 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QQQN | 18.0 | 13.5 | 31.5 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .