Invesco QQQ Trust
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.0x P/Sales
ratio
4.7x
P/BV
ratio
6.5x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Exchange traded fund designed to correspond to the price and yield performance of the Nasdaq-100 Index, which consists of the 100 largest non-financial companies listed on NASDAQ.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 10, 1999
Assets (mns) $125,609
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 103
Wgt avg mkt cap (mns) $793,823
Large cap (>$10bn) 99.8%
Mid cap ($2-10bn) 0.2%
Small cap (<$2bn) 0.0%
Developed mkts 98.2%
Emerging mkts 1.8%

TOP TEN HOLDINGS
APPLE INC 13.0 %
MICROSOFT CORP 10.6 %
AMAZON.COM INC 10.3 %
FACEBOOK 4.3 %
TESLA MOTORS INC 3.7 %
ALPHABET INC. CLASS A 3.5 %
ALPHABET INC. CLASS C 3.4 %
NVIDIA CORP 2.7 %
ADOBE SYSTEMS INC 2.0 %
INTEL CORP 1.9 %
Total 55.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.2 %
CHINA 1.6 %
NETHERLANDS 0.6 %
ARGENTINA 0.4 %
ISRAEL 0.2 %
BRITAIN 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
39.2% 58.5% 24.2% 22.4% 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.03 88%
MSCI EAFE 0.99 68%
MSCI Emg. Mkts. 0.73 59%

Technical Indicators
Recent close $267.51
30d moving avg. $279.50
Annualized volatility 19.2%
Short interest (ETF) 13.0%
Short interest (Underlying) 2.4%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 54,918
Turnover 11.7%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $6,203

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco QQQ Trust ETF based on the alternatives' overlap in portfolio holdings with QQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QQQ Expense: 20 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QQQ
Ticker Fund
Name
Overlap1
vs QQQ
(%)
Expense
ratio
(bp)
Savings
vs QQQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs QQQ
(%)
QYLD Global X NASDAQ 100 Covered Call ETF 98.5 60 -40 5.5 -0.4
NUSI Nationwide Risk-Managed Income ETF 98.0 68 -48 5.4 -0.5
MGK Vanguard Mega Cap Growth ETF 69.3 7 13 6.2 +0.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 65.7 21 -1 3.6 -2.3
IWY iShares Russell Top 200 Growth ETF 65.4 20 0 6.2 +0.3
IETC iShares Evolved U.S. Technology ETF 63.3 18 2 6.0 +0.1
IGM iShares Expanded Tech Sector ETF 63.0 46 -26 5.4 -0.5
TMFC Motley Fool 100 Index ETF 60.4 50 -30 5.3 -0.6
IWF iShares Russell 1000 Growth ETF 59.4 19 1 5.7 -0.2
VOOG Vanguard S&P 500 Growth ETF 58.7 10 10 5.9 0.0
VUG Vanguard Growth Index Fund 58.2 4 16 5.7 -0.2
VONG Vanguard Russell 1000 Growth Index Fund 57.6 8 12 5.8 -0.1
IVW iShares S&P 500 Growth ETF 57.0 18 2 5.8 -0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 56.1 4 16 6.0 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 55.8 49 -29 5.8 -0.1
IYW iShares U.S. Technology ETF 54.7 43 -23 7.3 +1.4
IUSG iShares Core S&P US Growth ETF 53.9 4 16 5.9 0.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 53.8 60 -40 5.5 -0.4
XLG Invesco S&P 500 Top 50 ETF 53.6 20 0 6.0 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 51.7 12 8 6.3 +0.4
HIPR Direxion High Growth ETF 49.7 40 -20 7.0 +1.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 49.3 35 -15 4.6 -1.3
SYG SPDR MFS Systematic Growth Equity ETF 48.7 60 -40 5.5 -0.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 48.1 59 -39 4.3 -1.6
OEF iShares S&P 100 ETF 48.1 20 0 5.9 +0.0
SCHG Schwab U.S. Large-Cap Growth ETF 47.9 4 16 5.6 -0.3
IQSU IQ Candriam ESG US Equity ETF 46.8 9 11 6.3 +0.4
SPQQ Siren Large Cap Blend Index ETF 46.8 20 0 5.3 -0.6
FTEC Fidelity MSCI Information Technology Index ETF 46.7 8 12 8.1 +2.2
VGT Vanguard Information Technology Index Fund 46.7 10 10 8.1 +2.2
GBGR Global Beta Momentum-Growth ETF 45.9 29 -9 4.4 -1.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 45.6 15 5 5.1 -0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 45.3 0 20 6.1 +0.2
IWL iShares Russell Top 200 ETF 45.2 15 5 5.9 -0.0
XLK Technology Select Sector SPDR Fund 44.8 13 7 8.9 +3.0
IXN iShares Global Tech ETF 44.8 46 -26 7.2 +1.3
SPXN ProShares S&P 500 Ex-Financials ETF 44.7 27 -7 5.9 0.0
ESGV Vanguard ESG U.S. Stock ETF 44.3 12 8 5.9 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 43.8 32 -12 5.8 -0.1
STLG iShares Factors US Growth Style ETF 43.8 25 -5 6.2 +0.4
MGC Vanguard Mega Cap Index Fund 43.5 7 13 6.0 +0.1
SNPE Xtrackers S&P 500 ESG ETF 42.9 10 10 6.1 +0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 42.8 27 -7 5.9 -0.0
VEGN US Vegan Climate ETF 42.2 60 -40 5.8 -0.1
IOO iShares Global 100 ETF 41.3 40 -20 6.1 +0.2
SFYF SoFi 50 ETF 41.0 29 -9 2.7 -3.2
SYE SPDR MFS Systematic Core Equity ETF 40.5 60 -40 6.7 +0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 40.3 7 13 6.0 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 40.3 29 -9 6.0 +0.1
TECB iShares US Tech Breakthrough Multisector ETF 40.1 40 -20 4.8 -1.1
SPXE ProShares S&P 500 Ex-Energy ETF 39.9 27 -7 6.1 +0.2
FDMO Fidelity Momentum Factor ETF 39.9 29 -9 4.2 -1.7
JKE iShares Morningstar Large-Cap Growth ETF 39.8 25 -5 2.9 -3.0
DSI iShares MSCI KLD 400 Social ETF 39.6 25 -5 5.1 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 39.5 20 0 6.1 +0.3
PBP Invesco S&P 500 BuyWrite ETF 39.2 49 -29 5.6 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 39.2 15 5 5.8 -0.1
SPY SPDR S&P 500 ETF Trust 39.2 9 11 6.1 +0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.1 20 0 5.7 -0.2
PBUS Invesco PureBeta MSCI USA ETF 39.0 4 16 6.0 +0.1
SPLG SPDR Portfolio Large Cap ETF 38.7 3 17 6.2 +0.3
VOO VANGUARD S&P 500 ETF 38.6 3 17 6.2 +0.3
IVV iShares Core S&P 500 ETF 38.4 3 17 6.2 +0.3
VV Vanguard Large-Cap Index Fund 38.4 4 16 5.9 0.0
HSPX Global X S&P 500 Covered Call ETF 38.4 60 -40 5.6 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 38.1 9 11 6.3 +0.4
SCHX Schwab U.S. Large-Cap ETF 37.8 3 17 6.0 +0.1
JOYY Infusive Compounding Global Equities ETF 36.9 50 -30 6.2 +0.4
XNTK SPDR NYSE Technology ETF 36.7 35 -15 4.1 -1.8
IWB iShares Russell 1000 ETF 36.7 15 5 5.8 -0.1
SCHK Schwab 1000 Index ETF 36.5 5 15 5.9 +0.0
IYY iShares Dow Jones U.S. ETF 36.5 20 0 5.8 -0.1
VONE Vanguard Russell 1000 ETF 36.2 8 12 5.8 -0.1
LRGE ClearBridge Large Cap Growth ESG ETF 36.1 59 -39 4.6 -1.3
SPTM SPDR Portfolio Total Stock Market ETF 36.1 3 17 6.2 +0.4
SFY SoFi Select 500 ETF 36.0 0 20 5.7 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 35.8 15 5 6.9 +1.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 35.7 2 18 6.0 +0.1
QLC FlexShares US Quality Large Cap Index Fund 35.7 32 -12 6.0 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 35.5 10 10 5.4 -0.5
SUSL iShares ESG MSCI USA Leaders ETF 35.3 10 10 5.3 -0.6
VTHR Vanguard Russell 3000 Index Fund 35.3 10 10 5.7 -0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 34.9 75 -55 4.2 -1.7
SCHB Schwab U.S. Broad Market ETF 34.8 3 17 5.8 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 34.7 3 17 5.8 -0.1
IWV iShares Russell 3000 ETF 34.5 20 0 5.6 -0.3
HLAL Wahed FTSE USA Shariah ETF 34.3 50 -30 6.6 +0.7
RECS Columbia Research Enhanced Core ETF 34.2 15 5 6.6 +0.7
EXT WisdomTree U.S. Total Earnings Fund 34.1 28 -8 6.2 +0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 33.7 19 1 6.8 +0.9
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 33.7 60 -40 3.7 -2.2
MMLG First Trust Multi-Manager Large Growth ETF 33.6 85 -65 2.6 -3.3
ADME Aptus Drawdown Managed Equity ETF 33.3 79 -59 4.3 -1.6
JHMT John Hancock Multifactor Technology ETF 33.2 40 -20 6.1 +0.2
VTI Vanguard Total Stock Market Index Fund 33.0 3 17 5.7 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 32.7 8 12 7.2 +1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 32.6 75 -55 5.2 -0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 32.3 12 8 5.1 -0.8
FQAL Fidelity Quality Factor ETF 32.2 29 -9 6.3 +0.4
AFLG First Trust Active Factor Large Cap ETF 31.6 55 -35 6.4 +0.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Invesco QQQ Trust
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 33.1 %
Divided by: Fwd. P/BV 5.4 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.