QQQ — Invesco QQQ Trust

QQQ Price Performance — Growth of $10,000

Value of a $10,000 investment in QQQ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

QQQ Drawdown

The "underwater" chart: QQQ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco QQQ Trust (Ticker: QQQ) is a US Large Cap Growth ETF, issued by Invesco. It holds a moderate position in the category, ranking #105 out of 458 tracked ETFs across all categories, with an overall grade of B (score 69.7/100). The fund's expense ratio is 0.18%, which is relatively low, and it offers a modest dividend yield of 0.25%. Given its price of $713.44 and assets under management (AUM) of $453B, the fund is well-positioned in the market, indicating strong investor adoption and confidence in its performance.

The Invesco QQQ Trust exhibits a mixed performance pattern across different time horizons. Over the past year, it has seen a significant gain of 26.68%, but this is somewhat offset by a 17.46% increase in the past six months. The 1-month return of +3.10% suggests a positive trend, while the 1-week return of -2.41% indicates some volatility. The 1-day return of +0.35% further supports a generally upward trend, albeit with short-term fluctuations. The long-term trend, as seen in the 3-year return of +97.92%, is notably strong, indicating a consistent growth pattern over time.

The Invesco QQQ Trust is categorized as having a moderate level of volatility, with a beta of 1.26, which means it is slightly more volatile than the market. Its Sharpe ratio of 1.11 suggests a good risk-adjusted return, indicating that the fund provides a reasonable reward for the level of risk taken. The maximum drawdown of -22.77% highlights the fund's potential for significant losses during market downturns. This combination of a moderate volatility label, a beta slightly above 1, a favorable Sharpe ratio, and a notable drawdown implies that the fund is suitable for investors who are willing to accept some market risk for the potential of higher returns, especially in a growth-oriented market environment.

AI-generated summary based on the data on this page.

QQQ Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 46.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how QQQ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With QQQ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with QQQ's top 10 — QYLD overlaps most, holding 9 of the same companies as QQQ's top 10 (46.8% of QQQ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.01 (as of 2026-08-20) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

See it in a portfolio

QQQ is one of the twelve funds in the portfolio game. Start with 25% of a virtual $10,000 in it, build the rest however you like, and the builder shows the range this mix has actually produced over every five-day stretch of the last three years — before you commit to anything.

Free, no sign-up, virtual money only.

QQQ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.04% and average daily volume is 42.8M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $453B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: QQQ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

QQQ Performance History

How QQQ Compares to Other US Large Cap Growth ETFs