The Invesco NASDAQ Next Gen 100 ETF (QQQJ) tracks an index of the largest non-financial stocks listed on Nasdaq that aren’t included in the Nasdaq-100 index.
Yes, that’s a mouthful. Just think of QQQJ as Q Junior. Here’s what it means: Invesco’s enormously popular QQQ Trust (QQQ) owns the 100 largest non-financial
Nasdaq stocks. Q Junior owns the next 100.
So investors will find blue-chip giants like Apple, Microsoft and Amazon in QQQ. (Those top Nasdaq-100 stocks can also be found in the near-identical Invesco NASDAQ 100
ETF (QQQM), a new buy-and-hold version of QQQ sometimes called the Q mini.) By contrast, Q Junior owns the next tranche down the ladder, including — as of Nov. 2020
— familiar names like Garmin and Roku.
The idea behind the junior Q is that it gives investors easy exposure a slew of Nasdaq stocks that might prove to be the next big thing. For investors concerned about a size
bias in their tech holdings, the junior Q can also help offset the large-cap tilt of QQQ and the Q mini.
QQQJ is a 2020 addition to Invesco’s popular Nasdaq lineup, which is headlined by the heavyweight Invesco QQQ Trust (QQQ), one of the largest and most-traded exchange-
traded funds on the market.
| Segment | Equity: U.S. - Large Cap |
| Category | Size and Style |
| Focus | Large Cap |
| Niche | Broad-based |
| Strategy | Exchange-specific |
| Weighting Scheme | Market Cap |
This section compares how balanced and deep this ETF is relative to its peers.
| QQQJ | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 102 | 419 | 178 |
| % of Assets in Top 10 | 20.09% | 43.19% | 60.41% |
| % of Assets in Top 15 | 27.93% | 51.87% | 65.00% |
| % of Assets in Top 50 | 67.78% | 80.89% | 81.75% |
| QQQJ | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 62.61% | 85.69% | 45.99% |
| Mid (>2.7B) | 37.38% | 6.28% | 3.78% |
| Small (>600M) | 0.11% | 0.55% | 0.16% |
| Micro (<600M) | 0.00% | 0.13% | 0.03% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| QQQJ | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.04 | $ 0.32 | $ 0.16 |
| Dividend Date | 2023-09-18 | N/A | N/A |
| Annual Dividend Rate | $ 0.21 | $ 0.92 | $ 0.59 |
| Annual Dividend Yield | 0.85% | 1.26% | 1.32% |
View charts featuring QQQJ price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: -11.14 M 3 Month Net Flows: -31.1 M 6 Month Net Flows: -79.17 M 1 Year Net Flows: -163.73 M 3 Year Net Flows: -292.19 M 5 Year Net Flows: -292.19 M 10 Year Net Flows: -292.19 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 5.13 MThe adjacent table gives investors an individual Realtime Rating for QQQJ on 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 ETF Database Pro members, shows the ETF in the Large Cap Growth Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| QQQJ |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 10.61% | 11.88% | 7.48% |
| 3 Month Return | -3.40% | 2.22% | 1.38% |
| YTD Return | 5.62% | 22.59% | 10.40% |
| 1 Year Return | 0.14% | 15.02% | 6.90% |
| 3 Year Return | -3.86% | 4.87% | 3.58% |
| 5 Year Return | N/A | 7.36% | 2.64% |
The following charts reflect the geographic spread of QQQJ's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 99.0% |
| Europe | 1.11% |
| Other | -0.09% |
| Country | Percentage |
|---|---|
| United States | 84.53% |
| Ireland | 2.36% |
| United Kingdom | 2.32% |
| China | 2.24% |
| Israel | 1.73% |
| Switzerland | 1.11% |
| Netherlands | 1.08% |
| France | 1.05% |
| Singapore | 0.92% |
| Canada | 0.87% |
| Germany | 0.75% |
| Cayman Islands | 0.63% |
| Bermuda | 0.5% |
| Other | -0.07% |
The following charts reflect the allocation of QQQJ's underlying holdings.
| Sector | Percentage |
|---|---|
| Technology Services | 28.4% |
| Health Technology | 18.32% |
| Electronic Technology | 15.58% |
| Consumer Services | 7.64% |
| Retail Trade | 5.86% |
| Transportation | 4.9% |
| Producer Manufacturing | 4.14% |
| Consumer Non-Durables | 2.22% |
| Commercial Services | 2.11% |
| Distribution Services | 1.78% |
| Energy Minerals | 1.73% |
| Utilities | 1.65% |
| Non-Energy Minerals | 1.58% |
| Consumer Durables | 1.46% |
| Communications | 0.96% |
| Industrial Services | 0.67% |
| Finance | 0.57% |
| Health Services | 0.54% |
| CASH | -0.09% |
| Market Cap | Percentage |
|---|---|
| Large | 62.61% |
| Mid | 37.38% |
| Small | 0.11% |
| Micro | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 94.36% |
| American Depositary Receipt | 5.75% |
| CASH | -0.09% |
| Sector | Percentage |
|---|---|
| Technology Services | 28.4% |
| Health Technology | 18.32% |
| Electronic Technology | 15.58% |
| Consumer Services | 7.64% |
| Retail Trade | 5.86% |
| Transportation | 4.9% |
| Producer Manufacturing | 4.14% |
| Consumer Non-Durables | 2.22% |
| Commercial Services | 2.11% |
| Distribution Services | 1.78% |
| Energy Minerals | 1.73% |
| Utilities | 1.65% |
| Non-Energy Minerals | 1.58% |
| Consumer Durables | 1.46% |
| Communications | 0.96% |
| Industrial Services | 0.67% |
| Finance | 0.57% |
| Health Services | 0.54% |
| CASH | -0.09% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 59.63% |
| 20 Day Volatility | 16.51% |
| 50 Day Volatility | 16.97% |
| 200 Day Volatility | 14.72% |
| Beta | 1.1 |
| Standard Deviation | 0.89% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
The industry closed out November maintaining its pace of growth, rolling out another dozen new...
SP Funds has expanded its suite of Sharia-compliant ETFs with the SP Funds S&P Global...
Innovator ETFs has listed the Innovator International Developed Power Buffer ETF – December...
ETF Trends and ETF Database , the preeminent digital platforms for ETF news, research, tools, video, webcasts, native content channels, and more. The ETF Trends and ETF Database brands have been trusted amongst advisors, institutional investors, and individual investors for a combined 25 years. The firms are uniquely positioned to aid advisor’s education, adoption, and usage of ETFs, as well as the asset management community’s transition from traditionally analog to digital interactions with the advisor community.
Our team at ETF Database is committed to making our website the premier source of information on ETF investing with the world’s highest quality ETF tools, content, and resources.
ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.
Copyright © 2023 FactSet Research Systems Inc. All rights reserved.
A long-running debate in asset allocation circles is how much of a portfolio an investor should...
In a digital age where information moves in milliseconds and millions of participants can transact...