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ETFs

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

QQQM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2020
Expense Ratio
0.15%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$189,090,678
AUM
$12,066,728,184
Associated Index
Nasdaq 100 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes

Top 10 Holdings

MSFT
Microsoft Corporation
13.20%
AAPL
Apple Inc
12.17%
AMZN
Amazon.com Inc.
6.92%
NVDA
NVIDIA Corp
6.61%
META
Meta Platforms Inc - Ordinary Shares - Class A
4.18%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.12%
GOOG
Alphabet Inc - Ordinary Shares - Class C
4.07%
TSLA
Tesla Inc
3.74%
AVGO
Broadcom Inc
2.28%
PEP
PepsiCo Inc
1.73%
Invest with QQQM

What is QQQM?

The Invesco NASDAQ 100 ETF (Fund) is based on the NASDAQ-100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index includes securities of 100 of the largest domestic and international nonfinancial companies listed on Nasdaq. The Fund and Index are rebalanced quarterly and reconstituted annually.

ETFs related toQQQM

ETFs correlated to QQQM include QLD, QQQ, TQQQ

QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF
QGRW
WisdomTree Trust - WisdomTree U.S. Quality Growth Fund
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toQQQM

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with QQQM using Composer

FAQ

QQQM is a US Equities ETF. The Invesco NASDAQ 100 ETF (Fund) is based on the NASDAQ-100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index includes securities of 100 of the largest domestic and international nonfinancial companies listed on Nasdaq. The Fund and Index are rebalanced quarterly and reconstituted annually.

QQQM tracks the Nasdaq 100 Index.

No, QQQM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QQQM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QQQM is 0.0972%. This is the percent change in the value of QQQM over the most recent 1-month period. The 3-month return on QQQM is 0.2086%. This is the percent change in the value of QQQM over the most recent 3-month period.

The standard deviation of QQQM for the past year is 0.2677%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QQQM include NAPR, NJUL, and QCLR.

ETFs correlated to QQQM include QLD, QQQ, and TQQQ.

ETFs that are inversely correlated to QQQM include QID, SQQQ, and PSQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.