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
7.4 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 13, 2022 |
| Assets (mns) | $7 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | NASDAQ - Listed |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GEVO INC | 6.5 % |
| MICROVAST HOLDINGS, INC. | 2.1 % |
| KODIAK SCIENCES, INC. | 1.6 % |
| APPLIED OPTOELECTRONICS INC | 1.5 % |
| ATOMERA INCORPORATED | 1.3 % |
| UNIQURE N.V. | 1.2 % |
| SANGAMO BIOSCIENCES INC | 1.1 % |
| CODEXIS INC | 0.9 % |
| OMEROS CORP | 0.9 % |
| CHROMADEX CORPORATION | 0.8 % |
Constituent Breakdown
| Number of holdings | 185 |
| Herfindahl-Hirschman Index | 96 |
| Wgt avg mkt cap (mns) | $1,516 |
| Large cap (>$10bn) | 0.6% |
| Mid cap ($2-10bn) | 25.3% |
| Small cap (<$2bn) | 74.2% |
| Developed mkts. | 98.6% |
| Emerging mkts. | 1.4% |
Country Exposure
 |
UNITED STATES | 84.3 % |
 |
BRITAIN | 1.8 % |
 |
CANADA | 1.7 % |
 |
NETHERLANDS | 1.2 % |
 |
IRELAND | 1.1 % |
 |
ISRAEL | 0.9 % |
 |
BERMUDA | 0.6 % |
 |
CAYMAN ISLANDS | 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 | 12.8% | 31.7% | -- | -- | -- | -- | 3.7% | Volatility | 27.0% | 28.5% | 26.9% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.50 | 49% |
| MSCI EAFE | 1.39 | 47% |
| MSCI Emg Mkts | 1.21 | 36% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $2,931 |
Technical Indicators
| Recent close | $28.37 |
| 30d moving avg. | $29.01 |
| Annualized volatility | 28.8% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.2% |
| 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. QQQS |
Expenses vs. QQQS |
ALTAR Score™ vs. QQQS |
|---|
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.
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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
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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
QQQS
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
QQQS
-10.0%
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%. QQQS's ALTAR Score™ is approximately
6.1 standard deviations
below
the category average. This places QQQS in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QQQSSELL
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 |
| QQQS (20 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QQQS | 20.0 | 28.9 | 48.9 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .