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

Invesco issues the Invesco NASDAQ 100 ETF, a US Large Cap Growth fund with $110 billion in assets under management. It holds a B grade with a score of 72.2 out of 100, ranking 1 of 13 within its category and 89 of 458 across all tracked ETFs. The 0.15% expense ratio matches the category median, while the 0.45% dividend yield is slightly above the 0.44% median. The fund’s top ten holdings constitute 47.3% of assets, with NVIDIA Corp. representing the largest single position at 8.1%.

The ETF has gained 16.93% over the past year, outperforming the category median return of 9.04%. Short-term momentum has softened, with declines of 0.75% over one week and 4.94% over one month, contrasting with a 3.38% gain over three months. Year-to-date returns stand at 15.31%, while the three-year total return is 105.55%. The share price of $290.06 sits at 71.8% of its 52-week range. The fund was downgraded from a B+ to a B grade on 2026-10-22, and price history is available for 3.0 years.

With a beta of 1.26, the fund exhibits greater sensitivity to market movements than the broader index. Annualized volatility of 19.86% is classified as Moderate, contributing to a Sharpe ratio of 0.60. The maximum drawdown recorded is -22.70%, indicating significant peak-to-trough declines. Liquidity is supported by an average daily volume of 2,941,796 shares, facilitating consistent trading activity.

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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

QQQM Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 2.9M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $110B 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