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  • ETF
  • QQQ
    Pricing Data
    $165.20
    Change: $1.27 (-0.01%)
    Time: 11/14/18
    Previous Close: $166.47
  • Category
  • Large Cap Growth Equities
  • ESG Score
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $149.30
  • 52 Week Hi: $187.53
  • AUM: $64,197.7 M
  • Shares: 388.9 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 72,679,544
  • 3 Month Avg. Volume: 51,629,140

Alternative ETFs in the Large Cap Growth Equities Category

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SCHB 0.03% $12,934.1 M 1,020,455 2.03%
Largest (AUM) SPY 0.09% $255,353.3 M 91,281,968 2.57%
Most Liquid (Volume) SPY 0.09% $255,353.3 M 91,281,968 2.57%
Top YTD Performer MILN 0.50% $31.1 M 15,252 11.53%

Analyst Report

This ETF offers exposure to one of the world's most widely-followed equity benchmarks, the NASDAQ, and has become one of the most popular exchange-traded products. The significant average daily trading volumes reflect that QQQ is widely used as a trading vehicle, and less as a components of a balanced long-term strategy. Of course, this fund can certainly be useful as part of a buy-and-hold approach for investors looking to maintain a tilt towards the potentially volatile tech sector. The composition of QQQ is certainly unique; this fund maintains a hefty allocation to technology companies, resulting in potentially significant volatility through heightened exposure to a sector that has historically experienced both impressive rallies and devastating busts. Moreover, the relative concentration (only 100 names) may be less than ideal--especially considering that a small handful of stocks make up a material chunk of the portfolio. QQQ is used primarily by short-term traders, as evidenced by the high average daily turnover. QQQ has penny-wide spreads and can be a nice tool for those looking to quickly establish a position in U.S. equity markets (though SPY accomplishes similar objectives). But investors building a retirement portfolio or maintaining a longer-term objective would be better served to look elsewhere for a fund that achieves better balance across various sectors of the economy. It should be noted that QQQ is cost efficient; the expense ratio is one of the lowest in the industry. Other more expensive alternatives offer similar exposure, including an equal-weighted version of the same underlying index (QQEW) and a version that focuses only on the non-technology components of the NASDAQ (QQXT).

Realtime Rating

Realtime Rating Summary

The adjacent table shows a Realtime Rating for several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, highlights the best rated ETF in the Large Cap Growth Equities category for each metric. To view information on how the ETFdb Realtime Ratings work, click here.

Compare to another ETF

View the Category Report

QQQ Overall Realtime Rating: A-

A+ Overall Rated ETF: FDMO

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ n/a
Expenses A- n/a
Performance A- n/a
Volatility C+ n/a
Dividend B n/a
Concentration B n/a

Knowledge Centers

QQQ In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.

QQQ Holdings

Filings Data as of: Nov 14, 2018

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

Number of Holdings
Rank: 108 of 174
104
Category Low LFEQ (2)
Category High ITOT (3103)
% Assets in Top 10
Rank: 163 of 174
54.96%
Category Low EUSA (2.19%)
Category High GARD (106.91%)
% Assets in Top 15
Rank: 14 of 174
62.48%
Category Low EUSA (3.20%)
Category High GARD (110.19%)
% Assets in Top 50
Rank: 40 of 174
88.36%
Category Low EUSA (9.92%)
Category High GARD (131.88%)

Asset Allocation

Asset Percentage
Common equity 99.82%
ETF Cash Component 0.18%

Sector Breakdown

Sector Percentage
Technology 41.5%
Communications 22.48%
Consumer, Cyclical 15.28%
Healthcare 9.41%
Consumer, Non-Cyclical 6.51%
Other 2.53%
Industrials 2.12%
ETF Cash Component 0.18%

Market Cap Breakdown

Market Cap Percentage
Large cap 96.56%
Mid cap 3.27%
ETF Cash Component 0.18%

Region Breakdown

Region Percentage
North America 96.27%
Europe 2.01%
Asia 1.31%
Middle East 0.22%
Latin America 0.19%

Market Tier Breakdown

Region Percentage
United States 96.27%
Developed Markets (ex-US) 2.23%
Emerging Markets 1.5%

Country Breakdown

Country Percentage
United States 96.27%
China 1.31%
Germany 0.74%
United Kingdom 0.58%
Netherlands 0.52%
Israel 0.22%
Argentina 0.19%
Ireland 0.16%

QQQ Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.546%
ETF Wtd. Average
0.21%
Category Average
0.36%
Expense Ratio
Rank: 62 of 174
0.20%
Category Low SPTM (0.03%)
Category High GARD (1.41%)

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 0 other ETFs in the Large Cap Growth Equities ETFdb.com Category that are also eligible for commission free trading:

  • Ticker Brokerages
QQQ ESG Themes and Scores
  • 5.68
    ESG Score
  • 56.14%
    ESG Score Global Percentile (%)
  • 84.11%
    ESG Score Peer Percentile (%)
    • Revenue Exposure to Environmental Impact (%)
      3.38%

      Higher Improves ESG Score
    • Severe Environment Controversies (%)
      0.0%

      Higher Improves ESG Score
    • Sustainable Impact Solutions (%)
      8.18%

      Higher Improves ESG Score
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      30.77

      Lower Improves ESG Score
    • Fossil Fuel Reserves (%)
      0.0%

      Lower Improves ESG Score
    • High Impact Fossil Fuel Reserves (%)
      0.0%

      Lower Improves ESG Score
    • Water Stress High Risk Business Segment (%)
      0.0%

      Lower Improves ESG Score
    • Water Stress High Risk Geography (%)
      90.39%

      Lower Improves ESG Score
    • Water Stress Exposure Moderate (%)
      40.02%

      Lower Improves ESG Score
    • Water Stress Exposure High (%)
      7.14%

      Lower Improves ESG Score
    • Water Stress Exposure Low (%)
      51.78%

      Lower Improves ESG Score
    • Revenue Exposure to Energy Efficiency (%)
      3.35%

      Higher Improves ESG Score
    • Revenue Exposure to Alternative Energy (%)
      0.03%

      Higher Improves ESG Score
    • Revenue Exposure to Green Building (%)
      0.0%

      Higher Improves ESG Score
    • Revenue Exposure to Pollution Prevention (%)
      0.0%

      Higher Improves ESG Score
    • Revenue Exposure to Water Sustainability (%)
      0.0%

      Higher Improves ESG Score
    • Revenue Exposure to Social Impact (%)
      4.79%

      Higher Improves ESG Score
    • Sustainable Impact Solutions (%)
      8.18%

      Higher Improves ESG Score
    • ESG Exclusion Criteria (%)
      13.04%

      Higher Improves ESG Score
    • Revenue Exposure to Affordable Real Estate (%)
      0.0%

      Higher Improves ESG Score
    • Revenue Exposure to Education (%)
      0.0%

      Higher Improves ESG Score
    • Revenue Exposure to Major Disease Treatment (%)
      4.33%

      Higher Improves ESG Score
    • Revenue Exposure to Nutrition (%)
      0.47%

      Higher Improves ESG Score
    • Revenue Exposure to Sanitation (%)
      0.0%

      Higher Improves ESG Score
    • Revenue Exposure to SME Finance (%)
      0.0%

      Higher Improves ESG Score
    • Human Rights Norms Violation (%)
      0.0%

      Lower Improves ESG Score
    • Human Rights Norms Violation OR Watch List (%)
      13.52%

      Lower Improves ESG Score
    • Severe Human Rights Controversies (%)
      0.0%

      Lower Improves ESG Score
    • Labor Norms Violation (%)
      0.0%

      Lower Improves ESG Score
    • Labor Norms Violation OR Watch List (%)
      13.52%

      Lower Improves ESG Score
    • Severe Labor Controversies (%)
      16.93%

      Lower Improves ESG Score
    • Severe Customer Controversies (%)
      7.23%

      Lower Improves ESG Score
    • Global Compact Compliance Violation (%)
      0.0%

      Lower Improves ESG Score
    • Global Compact Compliance Violation OR Watch List (%)
      12.68%

      Lower Improves ESG Score
    • Catholic Values Fail (%)
      5.59%

      Lower Improves ESG Score
    • Islamic Non-Compliant (%)
      67.04%

      Lower Improves ESG Score
    • Adult Entertainment Involvement (%)
      16.79%

      Lower Improves ESG Score
    • Alcohol Involvement (%)
      19.1%

      Lower Improves ESG Score
    • Gambling Involvement (%)
      6.14%

      Lower Improves ESG Score
    • Nuclear Power Involvement (%)
      0.0%

      Lower Improves ESG Score
    • Tobacco Involvement (%)
      5.08%

      Lower Improves ESG Score
    • Weapons Involvement (%)
      3.79%

      Lower Improves ESG Score
    • Controversies Weapons Involvement (%)
      0.0%

      Lower Improves ESG Score
    • Civilian Firearms Involvement (%)
      0.0%

      Lower Improves ESG Score
    • Civilian Firearms Retailer (%)
      0.0%

      Lower Improves ESG Score
    • Civilian Firearms Producer (%)
      0.0%

      Lower Improves ESG Score
    • Direct Predatory Lending Involvement (%)
      0.0%

      Lower Improves ESG Score
    • Genetic Engineering Involvement (%)
      0.0%

      Lower Improves ESG Score
    • Severe Governance Controversies (%)
      12.85%

      Lower Improves ESG Score
    • Board Flag (%)
      29.81%

      Lower Improves ESG Score
    • Lack of Independent Board Majority (%)
      13.05%

      Lower Improves ESG Score
    • Board Independence (0-25%) (%)
      0.48%

      Lower Improves ESG Score
    • Board Independence (25-50%) (%)
      12.57%

      Lower Improves ESG Score
    • Board Independence (50-75%) (%)
      23.66%

      Lower Improves ESG Score
    • Board Independence (75-100%) (%)
      62.23%

      Lower Improves ESG Score
    • No Female Directors (%)
      1.05%

      Lower Improves ESG Score
    • Three OR More Female Directors (%)
      42.5%

      Lower Improves ESG Score
    • Females Represent 30% of Directors (%)
      17.76%

      Lower Improves ESG Score
    • Entrenched Board (%)
      36.19%

      Lower Improves ESG Score
    • Overboarding (%)
      50.09%

      Lower Improves ESG Score
    • Negative Director Votes (%)
      25.19%

      Lower Improves ESG Score
    • Ownership AND Control Flag (%)
      23.49%

      Lower Improves ESG Score
    • One Share One Vote (%)
      20.36%

      Lower Improves ESG Score
    • No Annual Director Elections (%)
      8.43%

      Lower Improves ESG Score
    • Does Not Use Majority Voting (%)
      91.86%

      Lower Improves ESG Score
    • Significant Votes Against Pay Practices (%)
      13.82%

      Lower Improves ESG Score
    • Controlling Shareholder (%)
      20.2%

      Lower Improves ESG Score
    • Controlling Shareholder Concerns (%)
      11.24%

      Lower Improves ESG Score
    • Cross Shareholdings (%)
      0.0%

      Lower Improves ESG Score
    • Poison Pill (%)
      1.13%

      Lower Improves ESG Score
    • Pay Flag (%)
      1.61%

      Lower Improves ESG Score
    • No Pay Performance Link (%)
      0.46%

      Lower Improves ESG Score
    • Lack of Internal Pay Equity (%)
      23.09%

      Lower Improves ESG Score
    • Executive Pay Non-Disclosure (%)
      1.42%

      Lower Improves ESG Score
    • Accounting Flag (%)
      18.7%

      Lower Improves ESG Score

QQQ Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

1 Week Return
Rank: 163 of 167
-5.91%
Category Low ENTR (-7.01%)
Category High SPXN (6.59%)
4 Week Return
Rank: 160 of 167
-6.82%
Category Low ESPO (-10.10%)
Category High CCOR (2.80%)
13 Week Return
Rank: 147 of 161
-7.66%
Category Low FV (-12.49%)
Category High CCOR (3.81%)
26 Week Return
Rank: 112 of 158
-1.85%
Category Low BKC (-13.35%)
Category High SPXN (6.88%)
Year to Date Return
Rank: 10 of 149
6.65%
Category Low VOX (-10.79%)
Category High MILN (11.53%)
1 Year Return
Rank: 36 of 149
8.58%
Category Low FMDG (-6.17%)
Category High MILN (15.75%)
3 Year Return
Rank: 3 of 99
54.78%
Category Low IXP (2.67%)
Category High DIA (55.68%)
5 Year Return
Rank: 1 of 77
108.75%
Category Low IXP (2.93%)
Category High QQQ (108.75%)

QQQ Fund Flows

This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.

1 Week Fund Flow
Rank: 75 of 75
‑$988.7 M
Category Low QQQ (‑$988.7 M)
Category High IVV ($1,132.6 M)
4 Week Fund Flow
Rank: 123 of 123
‑$1,250.7 M
Category Low QQQ (‑$1,250.7 M)
Category High SPY ($3,595.0 M)
13 Week Fund Flow
Rank: 22 of 139
$267.3 M
Category Low IWF (‑$750.5 M)
Category High IVV ($9,987.6 M)
26 Week Fund Flow
Rank: 10 of 150
$1,247.8 M
Category Low SPY (‑$4,923.2 M)
Category High VOO ($10,290.5 M)
Year to Date Fund Flow
Rank: 6 of 164
$2,936.1 M
Category High VOO ($15,477.5 M)
1 Year Fund Flow
Rank: 20 of 146
$1,292.4 M
Category Low IWF (‑$1,818.0 M)
Category High IVV ($17,182.6 M)
3 Year Fund Flow
Rank: 13 of 95
$5,185.2 M
Category Low FV (‑$2,322.9 M)
Category High IVV ($60,540.1 M)
5 Year Fund Flow
Rank: 74 of 74
‑$4,806.2 M
Category Low QQQ (‑$4,806.2 M)
Category High IVV ($70,623.2 M)

Brought to You by Mitre Media


Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of QQQ relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

QQQ Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
Rank: 107 of 155
22.92
Category Low FMK (14.05)
Category High PWB (48.28)

QQQ Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.33
Dividend Date
2018-09-24
Annual Dividend Rate
$1.31
Annual Dividend Yield
Rank: 114 of 152
0.79%
Category Low ENTR (0.08%)
Category High QYLD (10.84%)

QQQ Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
Rank: 140 of 172
18.11%
Category Low MOGLC (0.47%)
Category High ALFA (126.32%)
20 Day Volatility
Rank: 10 of 167
32.44%
Category Low MOGLC (0.80%)
Category High ESPO (39.84%)
50 Day Volatility
Rank: 6 of 161
26.28%
Category Low CCOR (8.57%)
Category High ALFA (29.37%)
200 Day Volatility
Rank: 6 of 156
20.82%
Category Low CCOR (7.10%)
Category High ALFA (23.71%)
Beta
Rank: 19 of 153
1.16
Category Low XLC (-1.75)
Category High VSL (2.88)
Standard Deviation
Rank: 4 of 139
9.54%
Category Low CCOR (0.45%)
Category High ONEQ (14.79%)

Technicals

  • 20 Day MA: $169.78
  • 60 Day MA: $177.84
  • MACD 15 Period: -3.93
  • MACD 100 Period: -12.59
  • Williams % Range 10 Day: 91.62
  • Williams % Range 20 Day: 69.20
  • RSI 10 Day: 38
  • RSI 20 Day: 41
  • RSI 30 Day: 42
  • Ultimate Oscillator: 42

Bollinger Brands

  • Lower Bollinger (10 Day): $164.74
  • Upper Bollinger (10 Day): $175.51
  • Lower Bollinger (20 Day): $163.67
  • Upper Bollinger (20 Day): $176.23
  • Lower Bollinger (30 Day): $162.97
  • Upper Bollinger (30 Day): $181.33

Support & Resistance

  • Support Level 1: $163.40
  • Support Level 2: $161.60
  • Resistance Level 1: $167.85
  • Resistance Level 2: $170.50

Stochastic

  • Stochastic Oscillator %D (1 Day): 28.00
  • Stochastic Oscillator %D (5 Day): 25.12
  • Stochastic Oscillator %K (1 Day): 40.86
  • Stochastic Oscillator %K (5 Day): 43.77

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Emma/Mansi Image

Published on March 1, 2016

The following article was not written by a human. It was written by an AI called Emma. Her bio can be found on her author page.

Artificial intelligence has come a long way, and while it may or may not replace humans, it is already providing exceptional support by augmenting human work in many industries. Emma collates news items and analyzes structured financial numbers as she spins out an article in 20 minutes. This is definitely an interesting milestone in AI. We’re just checking in to see if our readers like it. Do give us a shout on Twitter at @ETFdb or on Facebook.

QQQ (QQQ A-) has been a perennial favorite for traders and investors alike who wish to gain exposure to large-cap technology and health care stocks. Over the last two years, QQQ has risen almost 50%, outperforming the broader market as technology has taken over from the financial sector to become the market leader. In the last six months, however, there has been a reversal of fortune, driven by headline risks that include a slowing Chinese economy, global deflationary pressures and erratic earnings impacted by currencies, among other things. This begs the question: is (QQQ A-) a worthwhile investment vehicle in 2016?

Top Stocks Facing Headwinds

To answer that we need to take a deep dive into the structure of QQQ. The ETF tracks the Nasdaq 100, the top 10 constituents of which are facing cyclical headwinds as the Internet and smartphone era matures and enterprise technology slowly starts another upgrade cycle. Two notable exceptions in the top 10 holdings are Gilead (GILD) and Comcast (CMCSA), each a leader in their respective category. Combined, these top 10 stocks constitute roughly 50% of QQQ’s holdings.

FANGs

Needless to say that the FANGs, Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (GOOG), have been primary drivers behind QQQ’s 50% surge from 2012 to the end of 2015. Combined, FANGs constitutes 20.41% of QQQ. Fundamentally, Facebook and Google have continued to show strength in their display advertising and search advertising businesses. Netflix has also shown impressive growth in subscriber numbers and Amazon continues to efficiently reinvest cash generated at AWS into its core retail business to keep an extremely wide and deep moat in e-commerce. Having said that, over the last couple of quarters however, growth has been uneven, particularly with Amazon and Netflix.

That leads us to Microsoft (MSFT) and Apple (AAPL). Combined these two stocks compose just under 20% of the index. While Apple’s financial health is unquestionable, a lack of visibility around new products coupled with a maturing smartphone market and the dependence on China for growth are key headwinds. Similarly for Microsoft, the shift to mobile hasn’t been as successful as the company had hoped. Although, under a new management team the company has continued to outperform in its core business units, namely Windows and the fairly new Office 365 suite of products.

Mixed Bag

In essence, with the exception of Facebook and Alphabet (Google), there seem to be some headwinds for a group of stocks that compose about 40% of QQQ. It is unlikely that these headwinds will materialize into structural business problems, but given the runup in the last three years, 2016 is likely to be a breather.

That brings us to the other 60% of QQQ, which traditionally have been biotech majors, consumer staples and enterprise tech stocks. I expect further consolidation in the biotech space, even though takeover premiums are likely to be lower, given a decreased risk appetite in the global economy. Biotech equities have also come off recent highs and are going through a period of proving the revenue potential of their drug pipelines, as evident with Celgene’s (CELG) Revlimid and Gilead’s hepatitis drugs. Further, parts of enterprise tech are in the midst of an upgrade cycle, while the shift to the cloud continues to chip away at traditional software revenues. Combined with the fact that global CIOs and CEOs are taking a wait-and-watch approach to upgrading their infrastructure, enterprise tech’s growth prospects outside the U.S. look brighter in the second half of 2016 than in the first half.

Considering the above data, QQQ, like the Nasdaq 100, is a mixed bag. Consumer Internet and technology companies will continue to do well. However, sectors such as online retail and biotech have run up significantly in proportion to their earnings. Having said that, a majority of these companies have significant financial leverage to see through their respective business cycles.

A Weak Buy

Over the past five years, QQQ has averaged 14.53% in annual returns. The average book value of the ETF sits at 3.80 with a P/E of 20 (TTM). QQQ’s dividend yield is 1% and it’s YTD return is -6.94%. While there are better investment opportunities in specific components of the ETF, for someone who wants broad exposure to leaders in industries that are at the forefront of innovation, QQQ is a Buy at current levels with a price target of $106. Although, I believe it would be fiscally prudent to start accumulating QQQ in the mid-90s.

Click here to read about Emma’s views on Microsoft, the ETFs GDX, FV, TLT, VOO and VTI, and the ETNs TVIX and VXX.

Source: LSEG Information Services (US), Inc. (“LSEG”) © LSEG 2016. All rights in the XTF data, ratings and / or underlying data contained in this communication (“the XTF information”) vest in LSEG and/or its licensors. Neither LSEG nor its licensors accept any liability arising out of the use of, reliance on or any errors or omissions in the XTF information. No further distribution of the XTF information is permitted without LSEG’s express written consent. LSEG does not promote, sponsor or endorse the content of this communication.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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