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, trading under the ticker QQQM, operates within the US Large Cap Growth category where ETFValuer tracks 13 funds. Issued by Invesco, this fund has accumulated $101 billion in assets under management while trading at a price of $281.68. It holds an overall rank of #103 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 70.8 out of 100. The fund carries an expense ratio of 0.15% and offers a dividend yield of 0.43%. The substantial asset base and specific pricing suggest significant investor adoption relative to the broader universe of tracked funds. These metrics collectively define the fund's standing as a mid-tier performer within its specific growth category.

Recent performance data shows a decline over the shortest horizons, with the fund dropping 1.16% in one day and 1.62% over one week. This short-term weakness continued into the one-month period with a return of -3.74%, contrasting sharply with the positive momentum seen over longer durations. The fund posted a 3-month return of +5.14% and accelerated to +10.49% over six months. Year-to-date gains reached +11.87%, while the one-year return stood at +21.97%. The three-year return figure is notably higher at +81.69%, indicating a strong long-term trend despite recent short-term volatility. This pattern illustrates a divergence where short-term losses are overshadowed by significant gains over the one-year and three-year periods.

The fund is assigned a Moderate volatility label and exhibits a beta of 1.24, suggesting it tends to move more than the broader market. A Sharpe ratio of 0.90 indicates the return generated per unit of risk taken is positive but not exceptionally high. The maximum drawdown of -22.70% reflects the largest peak-to-trough decline experienced by the fund. This combination of a beta above 1.0 and a substantial maximum drawdown implies the fund experiences amplified swings during market downturns. The moderate volatility classification aligns with the beta figure, confirming the fund's sensitivity to market movements. Investors should expect higher fluctuations in value compared to lower-beta alternatives, balanced by the fund's ability to generate positive risk-adjusted returns as shown by the Sharpe ratio.

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

QQQM Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 46.7% 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 9 of the same companies as QQQM's top 10 (46.7% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — 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 0.08% and average daily volume is 4.0M/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 $101B 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