QQQM — Invesco NASDAQ 100 ETF

QQQM Price Performance — Growth of $10,000

Value of a $10,000 investment in QQQM 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.

QQQM Drawdown

The "underwater" chart: QQQM'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 NASDAQ 100 ETF (QQQM) is a US Large Cap Growth fund issued by Invesco, managing $104 billion in assets. It holds a B grade with a score of 71.4 out of 100, ranking 1 of 13 within its category and 90 of 458 across all tracked ETFs. The fund’s 0.15% expense ratio matches the category median, while its 0.44% dividend yield also aligns with peer averages. Top 10 holdings comprise 47.3% of assets, with NVIDIA Corp. representing the largest single position at 8.1%.

Price action shows the fund trading at $296.07, which sits at 84.7% of its 52-week range. Short-term momentum is evident with a 1-month return of +0.62% and a 3-month gain of +2.09%, while longer horizons show stronger acceleration, including a 1-year return of +25.66% against a category median of +15.73%. Year-to-date performance stands at +17.58%, and the 3-year return is +96.62%. The ETFValuer grade has remained unchanged at B over the last 35 tracked days, based on 3.0 years of available price history.

With a beta of 1.27, the fund exhibits higher sensitivity to market movements compared to the broader market. Annualized volatility is recorded at 19.43%, labeled as Moderate, while the maximum drawdown reached -22.70%. A Sharpe ratio of 1.06 suggests favorable risk-adjusted returns relative to the volatility experienced. Liquidity is supported by an average daily volume of 3,450,012 shares, though the bid/ask spread is noted at 7.99%.

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

QQQM Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 47.3% 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 QQQM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With QQQM

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with QQQM's top 10 — QQQ overlaps most, holding 8 of the same companies as QQQM's top 10 (44.0% of QQQM'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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

QQQM Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 7.99% and average daily volume is 3.5M/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 $104B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: QQQM 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.

QQQM Performance History

How QQQM Compares to Other US Large Cap Growth ETFs