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QQQM
Invesco NASDAQ 100 ETF (QQQM)

Price: $133.78
Change: $0.37 (-0.0%)
Category: Large Cap Growth Equities
Last Updated:

Vitals

  • Issuer Invesco
  • Structure ETF
  • Expense Ratio 0.15%
  • Inception Oct 13, 2020
  • Tax Form 1099
  • Index Tracked NASDAQ-100 Index

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $109.52
  • 52 Week Hi $134.37
  • AUM $403.1 M
  • Shares 3.0 M

Analyst Report

The Invesco NASDAQ 100 ETF (QQQM) tracks the top 100 largest non-financial
companies listed on the Nasdaq. If that sounds familiar, it should: QQQM is virtually
identical to Invesco’s QQQ Trust (QQQ), one of the oldest, largest and most-traded
ETFs on the market.

So why would Invesco launch a twibling? The short answer: Invesco designed the new
QQQM to appeal to buy-and-hold investors, while traders and institutional buyers may
prefer to stick with the original QQQ.

Let’s explain. For starters, the new fund is cheaper. QQQM (affectionately known as the
Q mini) has a lower management fee. Shares of the Q mini are also a fraction of the
value of QQQ, putting the mini within reach of small savers who might balk at QQQ’s
price tag.

So why didn’t Invesco just cut the price of QQQ? There are several reasons. Many older
funds like QQQ, which launched in 1999, were structured as trusts. Trusts, unlike many
other equity ETFs, can’t lend out the stocks in their portfolio, and use the revenue to
help offset fees. They also can’t reinvest dividends, which many buy-and-hold savers
prefer. The Q mini can do both.

Invesco is not the only ETF firm to introduce newbie versions of older, pricier funds.
State Street did the same thing with SPLG, a buy-and-hold version of SPY, the oldest
and largest ETF in the world. And BlackRock’s iShares successfully pioneered the
concept with its Core series, which offered cheaper versions of legacy iShares ETFs.
This way, ETF issuers can appeal to all comers — better to cannibalize your own funds
with in-house rivals than watch a competitor eat your market share.

Does that mean QQQM is meant to replace QQQ? That depends on the investor. For
the buy-and-hold saver, the mini-Q is likely the more appealing option: lower fees,
smaller share price, reinvested dividends. But big institutional investors and high-speed
firms will likely stick with QQQ, at least for now; the larger size makes QQQ cheaper to
trade, and the QQQ has a sizable lead when it comes to liquidity.

Historical Trading Data

  • 1 Month Avg. Volume 107,076
  • 3 Month Avg. Volume 87,952

Alternative ETFs in the Large Cap Growth Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKLC 0.00% $193.3 M 23,070 2.33%
Largest (AUM) SPY 0.09% $334.7 B 70 M 2.41%
Most Liquid (Volume) SPY 0.09% $334.7 B 70 M 2.41%
Top YTD Performer ARKW 0.79% $6.5 B 1 M 12.61%

Top 15 Holdings

Concentration Analysis

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

103
Number of Holdings
51.64%
% Assets in Top 10
60.31%
% Assets in Top 15
86.11%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
103
Rank
122 of 198
Low
SPYC (2)
High
VT (8712)
% Assets in Top 10
51.64%
Rank
168 of 198
Low
GSEW (2.45%)
High
XLSR (100.01%)
% Assets in Top 15
60.31%
Rank
41 of 198
Low
GSEW (3.60%)
High
XLSR (100.01%)
% Assets in Top 50
86.11%
Rank
65 of 198
Low
GSEW (11.24%)
High
LEAD (100.03%)

 
View Summary Analysis
 

Sector Breakdown

Asset Percentage
Share/Common/Ordinary 97.61%
American Depositary Receipt 2.41%
Open-ended Fund 0.02%
Sector Percentage
Technology Services 32.73%
Electronic Technology 26.02%
Retail Trade 12.48%
Consumer Services 8.23%
Health Technology 6.4%
Consumer Durables 6.1%
Consumer Non-Durables 3.21%
Producer Manufacturing 1.39%
Communications 1.29%
Utilities 0.92%
Transportation 0.56%
Finance 0.25%
Commercial Services 0.22%
Distribution Services 0.22%
Miscellaneous 0.02%
Market Cap Percentage
Small 52.76%
Mid 47.28%
Region Percentage
AMER 100.04%
Region Percentage
Country Percentage
US 95.43%
CN 2.07%
AR 0.76%
NL 0.73%
CA 0.35%
BM 0.29%
AU 0.25%
IL 0.14%
Other 0.02%
 
View Less Charts
 
Asset Percentage
Share/Common/Ordinary 97.61%
American Depositary Receipt 2.41%
Open-ended Fund 0.02%
 
View More Charts
 

QQQM Valuation

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

P/E Ratio
34.46
Rank
150 of 189
Low
ACSI (16.33)
High
MILN (164.73)

QQQM Dividend

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

Dividend
$0.21
Dividend Date
2020-12-21
Annual Dividend Rate
$0.21

$0.21
Dividend
2020-12-21
Dividend Date
$0.21
Annual Dividend Rate
Annual Dividend Yield
0.15%
Rank
173 of 184
Low
KOKU (0.01%)
High
QYLD (11.13%)

QQQM Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 19.57 M 1 Month Net Flows: 25.99 M 3 Month Net Flows: 28.75 M 6 Month Net Flows: 28.75 M 1 Year Net Flows: 28.75 M 3 Year Net Flows: 28.75 M 5 Year Net Flows: 28.75 M 10 Year Net Flows: 28.75 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for QQQM 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 ETFdb 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 ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

QQQM Expenses & Fees

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

Expenses Ratio Analysis

ETF Average
0.526%
ETF Wtd. Average
0.19%
Category Average
0.37%
Expense Ratio
0.15%
Rank
56 of 196
Low
BBUS (0.02%)
High
AESR (1.42%)
ESG Themes and Scores
4.33/10
ESG Score
16.05%
Global Percentile
5.92%
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 (%)
      9.41%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      38.07
      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 (%)
      9.41%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.6%
      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

QQQM Performance

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

4.43%
1 Week Return
5.18%
4 Week Return
14.52%
13 Week Return
No Ranking Available
26 Week Return
3.78%
Year to Date Return
No Ranking Available
1 Year Return
No Ranking Available
3 Year Return
No Ranking Available
5 Year Return
 
View Detailed Analysis
 
1 Week Return
4.43%
Rank
20 of 197
Low
CCOR (-2.27%)
High
FDNI (8.15%)
4 Week Return
5.18%
Rank
32 of 198
Low
CCOR (-1.30%)
High
FDNI (14.66%)
13 Week Return
14.52%
Rank
50 of 198
Low
CCOR (1.25%)
High
ARKW (40.84%)
26 Week Return
No Ranking Available
Rank
N/A
Low
CCOR (0.80%)
High
ARKW (77.79%)
Year to Date Return
3.78%
Rank
51 of 198
Low
CCOR (-2.20%)
High
ARKW (12.61%)
1 Year Return
No Ranking Available
Rank
N/A
Low
CCOR (1.30%)
High
ARKW (161.79%)
3 Year Return
No Ranking Available
Rank
N/A
Low
WBIE (6.88%)
High
ARKW (277.88%)
5 Year Return
No Ranking Available
Rank
N/A
Low
WBIE (38.07%)
High
ARKW (858.01%)

 
View Summary Analysis
 

QQQM Price and Volume Chart

QQQM Technicals

Volatility Analysis

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

 
View Detailed Analysis
 
5 Day Volatility
31.57%
Rank
150 of 198
Low
GBGR (2.12%)
High
SPGP (264.12%)
20 Day Volatility
17.46%
Rank
30 of 198
Low
NUSI (6.36%)
High
FDNI (34.51%)
50 Day Volatility
15.40%
Rank
35 of 198
Low
QYLD (7.19%)
High
FDNI (29.92%)
200 Day Volatility
No Ranking Available
Rank
N/A
Low
NUSI (13.91%)
High
ARKW (34.72%)
Beta
1.23
Rank
12 of 194
Low
CCOR (-0.03)
High
ALTL (2.87)
Standard Deviation
No Ranking Available
Rank
N/A
Low
CCOR (0.58%)
High
ONEQ (62.58%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $129.35
  • 60 Day MA $123.78
  • MACD 15 Period 3.95
  • MACD 100 Period n/a
  • Williams % Range 10 Day 8.88
  • Williams % Range 20 Day 6.63
  • RSI 10 Day 69
  • RSI 20 Day 65
  • RSI 30 Day 61
  • Ultimate Oscillator 64

Bollinger Brands

  • Lower Bollinger (10 Day) $126.82
  • Upper Bollinger (10 Day) $134.49
  • Lower Bollinger (20 Day) $125.26
  • Upper Bollinger (20 Day) $133.31
  • Lower Bollinger (30 Day) $123.01
  • Upper Bollinger (30 Day) $133.10

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $133.16
  • Resistance Level 1 n/a
  • Resistance Level 2 $134.44

Stochastic

  • Stochastic Oscillator %D (1 Day) 62.24
  • Stochastic Oscillator %D (5 Day) 82.65
  • Stochastic Oscillator %K (1 Day) 61.55
  • Stochastic Oscillator %K (5 Day) 72.13

Fact Sheet

A fact sheet is not available for this ETF. Please visit the QQQM ETF home page for more information.

Disclosures

Copyright © 2021 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.
© 2021 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.
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