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 is a US Large Cap Growth fund managed by Invesco, currently holding an AUM of $490 billion. Within its specific category, which contains 13 ETFs tracked by ETFValuer, the fund ranks #142 out of 458 total tracked ETFs across all sectors. It has received an ETFValuer grade of B, corresponding to a score of 67.4 out of 100. The fund charges an expense ratio of 0.18% and offers a dividend yield of 0.26%. With a share price of $675.49 and a massive asset base, the fund demonstrates significant investor adoption relative to the broader market. This substantial size and high price point reflect its status as a widely held vehicle within the large-cap growth space.

Recent performance data shows a decline over the shortest horizons, with the fund down 0.97% over one day and 4.72% over one week. The one-month return also reflects negative momentum at -4.39%, though the trend reversed over the next quarter with a 1.81% gain. Longer-term metrics indicate stronger growth, as the fund returned 8.25% over six months and 10.43% year-to-date. The one-year return stands at 19.84%, while the three-year annualized return is notably higher at 83.57%. This pattern illustrates a divergence where short-term volatility contrasts with sustained positive returns over the past three years.

The fund carries a Moderate volatility label and exhibits a beta of 1.24, indicating it tends to move more aggressively than the broader market. A Sharpe ratio of 0.78 suggests the fund has generated a moderate amount of excess return per unit of risk taken. The maximum drawdown recorded is -22.77%, highlighting the potential for significant temporary losses during market downturns. This combination of a beta above 1.0 and a substantial drawdown implies the fund experiences amplified swings in both rising and falling markets. Investors should expect higher volatility compared to the market average while potentially capturing larger gains during extended up-trends.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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.

QQQ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.27% and average daily volume is 43.1M/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 $490B 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