Invesco QQQ Trust
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
33.2x P/Sales
ratio
4.6x
P/BV
ratio
6.8x Div.
yield
0.8%


  • 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) $123,168
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) $697,866
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 98.2%
Emerging mkts 1.8%

TOP TEN HOLDINGS
APPLE INC 11.9 %
MICROSOFT CORP 11.6 %
AMAZON.COM INC 11.4 %
FACEBOOK 4.2 %
ALPHABET INC. CLASS A 3.8 %
ALPHABET INC. CLASS C 3.7 %
TESLA MOTORS INC 2.6 %
NVIDIA CORP 2.4 %
INTEL CORP 2.3 %
NETFLIX INC 2.2 %
Total 56.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
CHINA 1.3 %
NETHERLANDS 0.6 %
ARGENTINA 0.5 %
ISRAEL 0.2 %
BRITAIN 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
16.9% 33.6% 19.4% 20.4% 8.3%

Market Correlations
versus... Beta R-squared
S&P500 1.01 88%
MSCI EAFE 0.95 68%
MSCI Emg. Mkts. 0.71 60%

Technical Indicators
Recent close $258.54
30d moving avg. $245.81
Annualized volatility 18.3%
Short interest (ETF) 11.9%
Short interest (Underlying) 2.4%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 42,759
Turnover 9.0%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $136,428

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™: 3.8%


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 100.0 60 -40 3.5 -0.3
NUSI Nationwide Risk-Managed Income ETF 99.9 68 -48 3.5 -0.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 77.4 21 -1 2.9 -0.9
MGK Vanguard Mega Cap Growth ETF 66.6 7 13 4.1 +0.3
IWY iShares Russell Top 200 Growth ETF 66.5 20 0 4.1 +0.3
IGM iShares Expanded Tech Sector ETF 65.5 46 -26 3.8 +0.0
IETC iShares Evolved U.S. Technology ETF 64.8 18 2 3.8 +0.0
TMFC Motley Fool 100 Index ETF 61.9 50 -30 3.7 -0.1
IWF iShares Russell 1000 Growth ETF 60.7 19 1 4.1 +0.4
VUG Vanguard Growth Index Fund 60.7 4 16 4.0 +0.2
VOOG Vanguard S&P 500 Growth ETF 59.5 10 10 4.2 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 59.1 4 16 4.3 +0.5
IVW iShares S&P 500 Growth ETF 59.1 18 2 4.2 +0.4
VONG Vanguard Russell 1000 Growth Index Fund 56.8 8 12 4.2 +0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 56.7 49 -29 4.1 +0.3
IUSG iShares Core S&P US Growth ETF 56.0 4 16 4.3 +0.6
SCHG Schwab U.S. Large-Cap Growth ETF 55.8 4 16 4.1 +0.3
XLG Invesco S&P 500 Top 50 ETF 55.6 20 0 4.4 +0.7
IYW iShares U.S. Technology ETF 55.6 42 -22 4.0 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 54.5 60 -40 4.4 +0.6
OEF iShares S&P 100 ETF 49.9 20 0 4.8 +1.0
IQSU IQ Candriam ESG US Equity ETF 49.3 9 11 5.1 +1.3
SYG SPDR MFS Systematic Growth Equity ETF 49.0 60 -40 4.3 +0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 48.9 12 8 4.9 +1.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 48.7 59 -39 4.2 +0.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 48.7 35 -15 4.4 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 46.9 27 -7 5.0 +1.2
IWL iShares Russell Top 200 ETF 46.7 15 5 5.0 +1.3
FTEC Fidelity MSCI Information Technology Index ETF 46.7 8 12 4.6 +0.8
VGT Vanguard Information Technology Index Fund 46.6 10 10 4.6 +0.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 46.1 15 5 4.1 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 45.8 0 20 5.2 +1.4
SNPE Xtrackers S&P 500 ESG ETF 45.4 11 9 5.1 +1.3
XLK Technology Select Sector SPDR Fund 45.1 13 7 4.7 +1.0
IXN iShares Global Tech ETF 45.1 46 -26 4.5 +0.7
ESG FlexShares STOXX US ESG Impact Index Fund 45.0 32 -12 5.1 +1.3
SPXV ProShares S&P 500 Ex-Health Care ETF 44.9 27 -7 5.0 +1.2
MGC Vanguard Mega Cap Index Fund 44.8 7 13 5.2 +1.5
CATH Global X S&P 500 Catholic Values Custom ETF 43.0 29 -9 5.2 +1.5
VEGN US Vegan Climate ETF 43.0 60 -40 5.2 +1.4
IOO iShares Global 100 ETF 42.9 40 -20 4.7 +0.9
ESGV Vanguard ESG U.S. Stock ETF 42.5 12 8 5.2 +1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 42.2 7 13 5.2 +1.4
SPXE ProShares S&P 500 Ex-Energy ETF 42.2 27 -7 5.3 +1.5
PBP Invesco S&P 500 BuyWrite ETF 42.1 49 -29 5.0 +1.2
DSI iShares MSCI KLD 400 Social ETF 42.0 25 -5 5.1 +1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 41.9 20 0 5.4 +1.6
HSPX Global X S&P 500 Covered Call ETF 41.6 65 -45 4.9 +1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 41.2 20 0 5.0 +1.2
STLG iShares Factors US Growth Style ETF 41.2 25 -5 3.7 -0.1
JKE iShares Morningstar Large-Cap Growth ETF 41.1 25 -5 2.8 -0.9
SPY SPDR S&P 500 ETF Trust 41.1 9 11 5.4 +1.6
VOO VANGUARD S&P 500 ETF 41.1 3 17 5.4 +1.7
IVV iShares Core S&P 500 ETF 41.0 4 16 5.4 +1.6
SPLG SPDR Portfolio Large Cap ETF 41.0 3 17 5.4 +1.7
ESGU iShares MSCI USA ESG Optimized ETF 40.8 15 5 5.1 +1.3
TECB iShares US Tech Breakthrough Multisector ETF 40.7 40 -20 4.0 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 40.7 2 18 5.3 +1.5
VV Vanguard Large-Cap Index Fund 40.6 4 16 5.3 +1.5
PBUS Invesco PureBeta MSCI USA ETF 40.6 4 16 5.3 +1.5
HIPR Direxion High Growth ETF 40.3 40 -20 2.8 -1.0
LRGE ClearBridge Large Cap Growth ESG ETF 40.2 59 -39 3.8 +0.0
SCHX Schwab U.S. Large-Cap ETF 39.5 3 17 5.3 +1.5
SYE SPDR MFS Systematic Core Equity ETF 39.1 60 -40 5.6 +1.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 38.8 9 11 5.6 +1.8
JOYY Infusive Compounding Global Equities ETF 38.8 50 -30 3.8 -0.0
SFYF SoFi 50 ETF 38.7 29 -9 5.1 +1.3
VONE Vanguard Russell 1000 ETF 38.2 8 12 5.3 +1.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 38.2 75 -55 3.8 +0.0
SCHK Schwab 1000 Index ETF 38.1 5 15 5.3 +1.5
IWB iShares Russell 1000 ETF 38.0 15 5 5.2 +1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 37.9 10 10 5.3 +1.5
FDMO Fidelity Momentum Factor ETF 37.9 29 -9 3.8 +0.0
IYY iShares Dow Jones U.S. ETF 37.8 20 0 5.2 +1.4
SPTM SPDR Portfolio Total Stock Market ETF 37.8 3 17 5.5 +1.8
NACP Impact Shares NAACP Minority Empowerment ETF 37.8 75 -55 4.5 +0.7
SUSL iShares ESG MSCI USA Leaders ETF 37.7 10 10 5.3 +1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 37.5 19 1 5.7 +1.9
SFY SoFi Select 500 ETF 37.3 0 20 5.2 +1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.3 15 5 6.2 +2.4
XNTK SPDR NYSE Technology ETF 37.1 35 -15 3.6 -0.2
EXT WisdomTree U.S. Total Earnings Fund 36.8 28 -8 5.2 +1.5
ADME Aptus Drawdown Managed Equity ETF 36.7 81 -61 3.6 -0.2
RECS Columbia Research Enhanced Core ETF 36.3 15 5 5.7 +1.9
SCHB Schwab U.S. Broad Market ETF 36.3 3 17 5.3 +1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 36.1 3 17 5.2 +1.4
VTHR Vanguard Russell 3000 Index Fund 36.1 10 10 5.1 +1.4
IWV iShares Russell 3000 ETF 36.0 20 0 5.1 +1.3
SPMO Invesco S&P 500 Momentum ETF 35.8 13 7 4.4 +0.6
VTI Vanguard Total Stock Market Index Fund 35.7 3 17 5.2 +1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 35.7 75 -55 4.5 +0.7
JQUA JPMorgan U.S. Quality Factor ETF 34.7 12 8 5.3 +1.5
EPS WisdomTree U.S. Earnings 500 Fund 34.4 8 12 6.5 +2.7
FVAL Fidelity Value Factor ETF 34.3 29 -9 8.0 +4.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 34.2 12 8 4.8 +1.0
FQAL Fidelity Quality Factor ETF 34.1 29 -9 5.5 +1.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 34.1 60 -40 3.7 -0.1
HLAL Wahed FTSE USA Shariah ETF 33.5 50 -30 4.6 +0.9
QLC FlexShares US Quality Large Cap Index Fund 33.2 32 -12 5.4 +1.6
JHMT John Hancock Multifactor Technology ETF 33.2 40 -20 5.0 +1.2

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 24.3 %
Divided by: Fwd. P/BV 6.1 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.