QQQJ
Invesco NASDAQ Next Gen 100 ETF

Price: $26.45
Change: $0.31 (-0.01%)
Category: Large Cap Growth Equities
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 0.15%
ETF Home Page Home page
Inception Oct 13, 2020
Index Tracked NASDAQ Next Generation 100 Index

Analyst Report

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.

ETF Database Themes

Category Large Cap Growth Equities
Asset Class Equity
Asset Class Size Large-Cap
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. - Large Cap
Category Size and Style
Focus Large Cap
Niche Broad-based
Strategy Exchange-specific
Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $21.08
  • 52 Week Hi $31.06
  • AUM $807.8 M
  • Shares 30.7 M

Historical Trading Data

  • 1 Month Avg. Volume 146,617
  • 3 Month Avg. Volume 179,183

Alternative ETFs in the ETF Database Large Cap Growth Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKLC 0.00% $1.7 B 317,724 7.42%
Largest (AUM) SPY 0.09% $380.3 B 81 M 7.38%
Most Liquid (Volume) SPY 0.09% $380.3 B 81 M 7.38%
Top YTD Performer ARKW 0.88% $1.3 B 629,237 35.59%

Alternative ETFs in the FactSet Equity: U.S. - Large Cap Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest GDEF N/A $6.5 M N/A N/A
Largest (AUM) SPY 0.09% $380.3 B 81 M 7.38%
Most Liquid (Volume) SPY 0.09% $380.3 B 81 M 7.38%
Top YTD Performer SPHB 0.25% $683.6 M 410,679 19.73%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

QQQJ ETF Database Category Average FactSet Segment Average
Number of Holdings 105 368 146
% of Assets in Top 10 17.91% 37.47% 52.77%
% of Assets in Top 15 25.06% 45.35% 57.28%
% of Assets in Top 50 63.35% 72.35% 74.62%

Size Comparison

QQQJ ETF Database Category Average FactSet Segment Average
Large (>12.9B) 71.66% 82.05% 49.09%
Mid (>2.7B) 28.28% 7.11% 4.45%
Small (>600M) 0.00% 0.68% 0.08%
Micro (<600M) 0.00% 0.08% 0.00%

QQQJ Valuation

This section compares the P/E ratio of this ETF to its peers.

QQQJ
P/E Ratio
46.35
ETF Database Category Average
P/E Ratio
26.09
FactSet Segment Average
P/E Ratio
18.53

QQQJ Dividend

This section compares the dividend yield of this ETF to its peers.

QQQJ ETF Database Category Average FactSet Segment Average
Dividend $ 0.02 $ 0.24 $ 0.14
Dividend Date 2021-09-20 N/A N/A
Annual Dividend Rate $ 0.11 $ 0.79 $ 0.48
Annual Dividend Yield 0.30% 0.95% 0.74%

QQQJ Price and Volume Charts

View charts featuring QQQJ price and volume data.

QQQJ Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -4.71 M 1 Month Net Flows: -9.74 M 3 Month Net Flows: -52.45 M 6 Month Net Flows: -70.37 M 1 Year Net Flows: -119.2 M 3 Year Net Flows: 903.55 M 5 Year Net Flows: 903.55 M 10 Year Net Flows: 903.55 M

QQQJ Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 11.96 M
1 Month Net AUM Change: 55.09 M
3 Month Net AUM Change: 59.84 M
6 Month Net AUM Change: -69.26 M
1 Year Net AUM Change: -249.11 M
3 Year Net AUM Change: 735.02 M
5 Year Net AUM Change: 735.02 M
10 Year Net AUM Change: 735.02 M

Realtime Rating

The 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.

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Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- VTI
Expenses A- VOX
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

QQQJ Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

QQQJ
Expense Ratio
0.15%
ETF Database Category Average
Expense Ratio
0.37%
FactSet Segment Average
Expense Ratio
0.56%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
8.7/10
ESG Score
83.48%
Global Percentile
96.16%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      15.98%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      134.25
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    Water Stress
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      15.98%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.68%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    Human Rights Violations
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    Labor Rights Violations
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    Customer Controversies
    • Severe Customer Controversies (%)
      Lower improves ESG score
    UN Principles Violations
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    Catholic Values
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    Firearms
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      Lower improves ESG score
    Board Independence
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    Board Diversity
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    Entrenched Board
    • Entrenched Board (%)
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      Lower improves ESG score
    Shareholder Rights
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    Fund Ownership
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      Lower improves ESG score
    Executive Compensation
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    Accounting Flags
    • Accounting Flag (%)
      Lower improves ESG score

QQQJ Performance

This section shows how this ETF has performed relative to its peers.

QQQJ ETF Database
Category Average 		Factset Segment
Average
1 Month Return 8.14% 7.36% 3.75%
3 Month Return 14.96% 10.26% 6.02%
YTD Return 10.62% 8.91% 5.02%
1 Year Return -11.10% -10.54% -3.47%
3 Year Return N/A 18.65% 11.10%
5 Year Return N/A 34.14% 15.50%

Geographic Exposure

The following charts reflect the geographic spread of QQQJ's underlying holdings.

Region Percentage
North, Central and South America 99.41%
Europe 0.65%
Country Percentage
United States 81.63%
Ireland 4.67%
United Kingdom 2.99%
China 2.85%
Israel 2.28%
France 0.92%
Singapore 0.88%
Germany 0.88%
Cayman Islands 0.81%
Netherlands 0.8%
Switzerland 0.65%
Canada 0.64%
Other 0.06%

Holdings Analysis

The following charts reflect the allocation of QQQJ's underlying holdings.

Sector Percentage
Technology Services 23.93%
Health Technology 21.15%
Electronic Technology 16.44%
Consumer Services 7.81%
Transportation 6.2%
Retail Trade 6.1%
Producer Manufacturing 4.27%
Distribution Services 1.84%
Commercial Services 1.73%
Energy Minerals 1.72%
Consumer Non-Durables 1.69%
Consumer Durables 1.57%
Utilities 1.48%
Non-Energy Minerals 1.46%
Communications 0.93%
Finance 0.64%
Industrial Services 0.54%
Health Services 0.5%
Miscellaneous 0.06%
Market Cap Percentage
Large 71.66%
Mid 28.28%
Micro 0.0%
Small 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 93.74%
American Depositary Receipt 6.26%
Open-ended Fund 0.06%
 
View Less Charts
 
Sector Percentage
Technology Services 23.93%
Health Technology 21.15%
Electronic Technology 16.44%
Consumer Services 7.81%
Transportation 6.2%
Retail Trade 6.1%
Producer Manufacturing 4.27%
Distribution Services 1.84%
Commercial Services 1.73%
Energy Minerals 1.72%
Consumer Non-Durables 1.69%
Consumer Durables 1.57%
Utilities 1.48%
Non-Energy Minerals 1.46%
Communications 0.93%
Finance 0.64%
Industrial Services 0.54%
Health Services 0.5%
Miscellaneous 0.06%
 
View More Charts
 

QQQJ Technicals

Volatility Analysis

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

5 Day Volatility 73.52%
20 Day Volatility 20.81%
50 Day Volatility 23.29%
200 Day Volatility 28.08%
Beta 1.24
Standard Deviation 2.03%
 
View Detailed Analysis
 
5 Day Volatility
73.52%
Rank
179 of 208
Low
PSCW (12.79%)
High
FDNI (372.81%)
20 Day Volatility
20.81%
Rank
53 of 208
Low
PSCW (3.73%)
High
ARKW (52.81%)
50 Day Volatility
23.29%
Rank
46 of 208
Low
PSCW (4.81%)
High
ARKW (50.65%)
200 Day Volatility
28.08%
Rank
40 of 208
Low
PSCW (6.69%)
High
ARKW (57.19%)
Beta
1.24
Rank
13 of 199
Low
PSCW (0.33)
High
BUZZ (1.83)
Standard Deviation
2.03%
Rank
154 of 203
Low
PSCW (0.53%)
High
QQQ (27.47%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $25.95
  • 60 Day MA $24.94
  • MACD 15 Period 0.30
  • MACD 100 Period 2.35
  • Williams % Range 10 Day 53.71
  • Williams % Range 20 Day 32.67
  • RSI 10 Day 57
  • RSI 20 Day 58
  • RSI 30 Day 57
  • Ultimate Oscillator 63

Bollinger Bands

  • Lower Bollinger (10 Day) $25.72
  • Upper Bollinger (10 Day) $27.11
  • Lower Bollinger (20 Day) $24.72
  • Upper Bollinger (20 Day) $27.10
  • Lower Bollinger (30 Day) $23.30
  • Upper Bollinger (30 Day) $27.31

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $26.23
  • Resistance Level 1 n/a
  • Resistance Level 2 $26.83

Stochastic

  • Stochastic Oscillator %D (1 Day) 43.47
  • Stochastic Oscillator %D (5 Day) 48.39
  • Stochastic Oscillator %K (1 Day) 53.11
  • Stochastic Oscillator %K (5 Day) 62.64

Tradability

  • Tracking Difference Median (%) -0.08
  • Tracking Difference Max Upside (%) -0.06
  • Tracking Difference Max Downside (%) -0.55
  • Median Premium Discount (%) 0.00
  • Maximum Premium Discount (%) 0.25
  • Average Spread (%) 1.98
  • Average Spread ($) 1.98

Financial Advisor Report

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 Sheet

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.

Download the Fact Sheet PDF

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Analyst Report Authors

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.

Disclosures

Copyright © 2023 FactSet Research Systems Inc. All rights reserved.

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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