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 managed by issuer Invesco. With assets under management totaling $101 billion and a current share price of $272.51, the fund demonstrates significant investor adoption relative to its peers. It holds an overall rank of #153 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 66.2 out of 100. The fund charges an expense ratio of 0.15% while offering a dividend yield of 0.43%. This combination of substantial assets and a moderate cost structure positions it as a widely utilized vehicle within its specific sector. The fund is one of 13 ETFs tracked by ETFValuer in the US Large Cap Growth category.

Recent performance data shows a decline over the shortest horizons, with returns of -2.02% over one day, -6.17% over one week, and -8.57% over one month. However, the trend shifts to positive territory over longer periods, recording a 0.76% gain over three months and 5.14% over six months. Year-to-date returns stand at +8.22%, while the one-year return is +17.10%. The three-year return figure is notably higher at +80.56%, indicating a divergence between recent short-term weakness and sustained long-term growth. This pattern suggests a recovery phase following the recent monthly declines, with the fund delivering stronger results over the annual and multi-year timeframes.

The fund carries a Moderate volatility label and exhibits a beta of 1.24, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 0.64 reflects the risk-adjusted return generated relative to the volatility experienced. The maximum drawdown recorded for the fund is -22.70%, highlighting the potential magnitude of losses during market downturns. This combination of a beta above 1.0 and a significant maximum drawdown suggests the fund amplifies market swings in both directions. Investors should expect higher fluctuations compared to lower-beta assets, balanced by the Sharpe ratio which measures the efficiency of those returns against the risk taken.

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: 4.61% (as of 2026-07-28) — 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): 18.21 (as of 2026-07-28) — 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 0.91% 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