QQQ Fund Description

The PowerShares QQQ tracks a modified market-cap-weighted index of 100 NASDAQ-listed stocks.

QQQ ETF.com Insight

QQQ is one of the most established and most traded ETFs in the world. It's also one of the most unusual. The fund only invests in nonfinancial stocks listed on NASDAQ, causing it to skewnot a 'tech fund' in the pure sense massively away from a broad-based large-cap portfolio. QQQ is heavily overweight technology, with almost 60% of its portfolio in tech and 13% in Apple alone, but it is not a 'tech fund' in the pure sense either. QQQ tilts much larger than our benchmark and is much more concentrated in its top holdings. Still, it is extremely liquid, so frequent traders with a soft spot for Apple may really like it. QQQ should appeal to investors who are bullish on technology but don't want to buy a 100% tech fund. (Insight updated 07/10/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 07/22/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

QQQ (Mkt)
4.14% 10.67% 10.84% 31.13% 19.05% 21.49% 11.5%

QQQ (NAV)

4.22% 10.69% 10.90% 31.11% 19.05% 21.50% 11.4%

NASDAQ-100 Index

4.24% 10.76% 11.05% 31.45% 19.33% 21.76% 11.8%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QQQ Top 10 Countries

QQQ Top 10 Sectors

QQQ Top 10 Holdings View All

QQQ Summary Data

Invesco PowerShares

A company that produces and manages ETFs.

03/10/99

The first date of a fund's operations, as documented by the issuer.

Unit Investment Trust

The organizational structure of the fund or ETN.

0.20%

The net total annual fee a fund holder pays to the issuer.

$45.93 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$2.65 B

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.01%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 60 days, as a percent.

QQQ Portfolio Data

$180.29 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

24.74

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

4.47

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.38%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

09/19/14

The date on which a security's price excludes an upcoming dividend.

100

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

QQQ Index Data

NASDAQ-100 Index

This is the benchmark an ETF is desigend to track or replicate.

Tiered

A set of rules that the underlying index provider follows to weight its constituent securities.

NASDAQ - Listed

A set of rules that the underlying index provider follows to select its constituent securities.

MSCI USA Large Cap

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to QQQ

OEF, NY, XLG, IWL, MGC

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

QQQ ETF.com Efficiency Insight

QQQ delivers its index extremely well with a reasonable fee and excellent tracking. Its 0.20% expense ratio is on the low side, if not truly cheap in this highly competitive segment. The fund does a good job matching its index, tending to lag it by little more than its expense ratio with little variation. QQQ is transparent, tax efficient and truly massive with over $40B in assets. (Insight updated 07/10/2014)


Total Return
  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 07/22/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

QQQ (Mkt)
4.14% 10.67% 10.84% 31.13% 19.05% 21.49% 11.5%

QQQ (NAV)
4.22% 10.69% 10.90% 31.11% 19.05% 21.50% 11.4%

NASDAQ-100 Index
4.24% 10.76% 11.05% 31.45% 19.33% 21.76% 11.8%

MSCI USA Large Cap
1.28% 6.02% 8.13% 19.07% 15.69% 17.00% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QQQ Portfolio Management

0.20%

The net annual fee a fund holder pays to the issuer.

-0.29%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

-0.21%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.36%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

QQQ Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

QQQ Fund Structure

Unit Investment Trust

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

N/A

An indicator of whether or not a fund actively lends its portfolio holdings.

100% / 0%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

N/A

The multiple of the underlying index which the fund aims to deliver. For funds that reset, the leverage factor holds true only for the reset period, often just 1 day.

N/A

The time period at which the fund “trues up” its leverage factor. For funds that reset, the reset period–often just 1 day–is the length of time over which the fund delivers its leverage factor.

QQQ ETF.com Tradability Insight

QQQ is one of the most liquid ETFs available—about $2.5B changes hands on a typical day. Bid/ask spreads tend to only be a penny wide, and premiums/discounts are minimal. It receives a perfect block liquidity score, indicating that large trades can be executed easily using a market maker. The fund's strong Tradability helps investors large and small. (Insight updated 07/10/2014)

Average Spread

Premium/Discount

Volume

QQQ ETF.com/ Block LiquidityAs of 07/23/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of QQQ. QQQ is rated a 5 out of 5.

QQQ Tradability

28,580,978

The average number of shares traded during a 60 day period.

$2.65 B

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

29,754,810

Median number of shares traded over the past 45 trading days.

$2.73 B

Median dollar value of shares traded over the past 45 trading days.

0.01%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 60 days, as a percent.

$0.01

The difference between the highest and lowest posted prices for an ETF, averaged over the past 60 days, in dollars.

0.00%

The middle value in the ranked set of all premium/discount values over a 12-month period.

0.11% / -0.11%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

100.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

598.34

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.01%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.02%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

5,802,780

The total number of net outstanding options contracts for an ETF.

$96.64

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

QQQ ETF.com Fit Insight

QQQ offers idiosyncratic, unbalanced exposure to large caps, with massive emphasis on tech stocks. It only holds stocks traded on the NASDAQ—an unusual selection method—and ignores entire sectors, including financials, energy and utilities. The fund's arcane weighting rules further distance it from anything close to plain vanilla coverage. Sector biases aside, QQQ makes big individual bets too with 13% in Apple alone, and another 8% each in Microsoft and Google, raising concentration risk. (Insight updated 07/10/2014)

QQQ Sector/Industry Breakdown

QQQ Segment Benchmark
17.82% 58.52%
12.27% 19.83%
12.42% 12.65%
10.08% 4.59%
12.40% 3.10%
2.00% 0.28%

QQQ Geographic Exposure

QQQ Segment Benchmark
99.92% 96.96%
-- 1.21%
-- 0.42%
0.08% 0.40%
-- 0.39%
-- 0.29%

QQQ Segment Benchmark
99.92% 96.96%
-- 1.64%
0.08% 1.11%
100.00% / -- 98.47% / 1.53%

QQQ Performance Statistics

0.82

The degree to which the fund and its segment benchmark move up and down in unison.

1.15

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

1.02

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.27

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.38%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

MSCI USA Large Cap

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

QQQ Benchmark Comparison

QQQ
100 Holdings
Segment Benchmark
281 Constituents
Shared Holdings
48 (Count)
 
22.98% (Weight)
QQQSegment Benchmark
$140.9 B$180.29 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

99%94%
1%6%
0%0%
0%0%
19.3124.74

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.804.47

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.90%1.16%

The weighted average of the current yield on the portfolio’s holdings.

281100

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

LowHigh

The level of return contribution attributable to the average portfolio constituent.