Top 1% rated
Ranked in the top 1% (3 of 393) of large-cap growth funds for 15-year total return by Lipperas of September 302025
2nd-most traded
Named the 2nd-most traded ETF in the U.S.based on average daily volume tradedas of September 3020251
5-star Morningstar rating
Received a 5-star rating (10-yearrisk-adjusted) among 766 large-cap growth fundsas of September 302025
25+ years of history
Recognized as one of the oldest ETFswith over 25 years of history pioneering the democratization of investing
Access 100 top innovators in a single ETF
QQQ provides exposure to companies at the forefront of innovation across a diverse range of sectorsall in one investment.
Since launching in 1999Invesco QQQ has demonstrated a history of outperformancetypically beating the S&P 500 Index.
See your investments grow with QQQ ETF
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Frequently asked questions
Invesco QQQ is highly liquid because it is one of the most actively traded securitieswith a history dating back to 1999. Like other passively managed ETFsQQQ tracks an index. The Nasdaq-100 index includes many of the world’s leading technology stocksas well as the companies at the forefront of many long-term innovative themes shaping today’s economy.
For more information on how innovation may help drive the performance of Invesco QQQ, click here.
Source: Bloomberg L.P.QQQ is the 2nd most-traded ETF in the US based on average daily volume tradedas of September 302025.
Some investors use ETFs to gain exposure to broad ranges of companies rather than picking individual stockswhich reduces single-stock risk. For exampleInvesco QQQ provides diversified exposure to many innovative companiesincluding leaders in softwarehardwaree-commercesocial mediabiotechnologyand other areas.
Typicallyyes. ETFs are generally more tax efficient than comparable mutual funds because the “in-kind” creation and redemption feature of ETFs is designed to reduce cash transactions and capital gains distributions. As a resultinvestors tend to keep more of their returns.
Invesco does not provide tax advice. Federal and state tax laws are complex and constantly changing. Investors should always consult their own legal or tax advisor for information concerning their individual situation.
The decision to include ETFs in your portfolio will vary by your unique goalstime horizonand risk tolerance. Investors can help diversify their portfolio with a handful of broad-based ETFs for various asset classes.
The market price of an ETF share is determined by the net asset value (NAV) of the underlying portfolio as well as supply and demand in the marketplace. Bid-ask spreads and premiums and discounts to NAV may also impact the price an investor pays for an ETF share.
For more details on how ETFs work, click here.
Bid/ask spread is the amount by which the ask price exceeds the bid price for an asset in the market.
ETFs can be actively or passively managedand the choice depends on an investor’s financial objectives. Some financial professionals use a mix of active and passive ETFs in diversified client portfolios.
Invesco QQQ is passively managed and tracks the Nasdaq-100 indexwhich offers exposure to many industry-leading companies in a single investment.
For more information on how Invesco QQQ can fit into your clients’ portfolios, click here.
ETFs are different from individual stocks in that an ETF’s liquidity is based on more than trading volume alone. A better predictor of an ETF’s liquidity may be the liquidity of the underlying holdings. For examplean ETF with relatively low trading volume that invests in highly liquid large-cap U.S. stocks will generally have high liquidity and low bid-ask spreads.
QQQ is one of the most heavily traded ETFs by volume.
For more information on liquidity and other considerations when trading ETFs, click here.
Source: Bloomberg L.P.QQQ is the 2nd most-traded ETF in the US based on average daily volume tradedas of September 302025.
An ETF’s total cost of ownership depends on more than just its expense ratio. Investors also need to consider bid-ask spreadstrading commissionsand premiums and discountsfor example.
For more information on calculating costs of ETFs, click here.
Bid/ask spread is the amount by which the ask price exceeds the bid price for an asset in the market.
Invesco QQQ ETF has typically outperformed broad equity benchmarks like the S&P 500.
For more information on Invesco QQQ’s performance, click here.
Standardized performance. Performance data quoted represents past performancewhich is not a guarantee of future results. An investor cannot invest directly in an index. Index returns do not represent Fund returns.
Source: Bloomberg L.P.QQQ NAV 10-year performance reflected 20.30% growth versus 15.27% by the S&P 500as of September 302025.
ETFs are popular because they typically give investors access to broad market exposure with low feestax efficiencyand transparency. ETFs can be actively or passively managed and can be bought and sold like an individual stock.
Invesco does not provide tax advice. Federal and state tax laws are complex and constantly changing. Investors should always consult their own legal or tax advisor for information concerning their individual situation.
ETF is short for “exchange-traded fund.” ETFs are baskets of securities that can be bought or sold on exchanges similar to individual stocks. ETFs can provide exposure to broad areas of the market in a singlebundled investment. They are often passively managed and typically seek to track the performance of an indexsuch as the Nasdaq-100.
Yes. Invesco QQQ is a passively managed ETF that tracks the Nasdaq-100 indexwhich contains some of the world’s most innovative companies.
For more information on the companies that make up the Nasdaq-100 Index, click here.
ETFs are similar to mutual funds in that they both can provide exposure to broad areas of the market in a single investment. Howeverwhile mutual funds are priced once a day at the market closeETFs can be bought and sold like individual stocks throughout the day.
Compared to mutual fundsETFs tend to have better tax efficiency and more transparencyas well as lower fees on average.
Investors should be aware of the material differences between mutual funds and ETFs. ETFs generally have lower expenses than actively managed mutual funds due to their different management s. Most ETFs are passively managed and are structured to track an indexwhereas many mutual funds are actively managed and thus have higher management fees. Unlike ETFsactively managed mutual funds have the ability react to market changes and the potential to outperform a stated benchmark. Since ordinary brokerage commissions apply for each ETF buy and sell transactionfrequent trading activity may increase the cost of ETFs. ETFs can be traded throughout the daywhereas mutual funds are traded only once a day. While extreme market conditions could result in illiquidity for ETFs. Typicallythey are still more liquid than most traditional mutual funds because they trade on exchanges. Investors should talk with their financial professional regarding their situation before investing.
Invesco does not provide tax advice. Federal and state tax laws are complex and constantly changing. Investors should always consult their own legal or tax advisor for information concerning their individual situation.
You can typically invest in as little as a single share of QQQ or other ETFs through online brokers. Some brokers even allow investors to purchase a fraction of an ETF share.
Learn More
Market outlook
Stay informed with the latest perspectives on markets and how QQQ fits into today’s economy.
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Innovation in action
See how the ground-breaking companies in QQQ are changing the world and helping drive performance.
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ETF strategies
Explore the full lineup of Invesco ETFs and see how they can help you pursue your investing goals.
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QQQ shareholders can vote to reduce fees
Why participate? To lower your costs! A reduced expense ratio means more of your investment is actively working for you. Deadline to vote in the QQQ proxy is December 18.
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¹ Source: Bloomberg L.P.in the US based on average daily volume tradedas of September 302025.
Source: Lipper fund percentile rankings are based on total returnsexcluding sales charges and including fees and expensesand are versus mutual fundsETFs and funds of funds in the category tracked by Lipper. Source: The Lipper one-year rank 26% (179 of 693)five-year rank 8% (49 of 619)10-year rank 2% (8 of 500)15-year rank 1% (3 of 393) as of September 302025.
Morningstar ratings are based on a risk-adjusted return measure that accounts for variation in a fund’s monthly performanceplacing more emphasis on the downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-five- and 10-year rating metricsas applicableexcluding sales charges and including fees and expenses. Had fees not been waived and/or expenses reimbursed currently or in the pastthe Morningstar rating would have been lower. The fund received 5 stars for the overall5 stars for the three years5 stars for the five years and 5 stars for the 10 years. As of September 302025the fund had an overall rating of 5 Stars out of 1024 funds4 Stars out of 1024 funds for the 3-year period4 Stars out of 954 funds for the 5-year period and 5 Stars out of 766 funds for the 10-year periodrespectivelyin the Large Growth category. The top 10% of funds in a category receive five starsthe next 22.5% four starsthe next 35% three starsthe next 22.5% two stars and the bottom 10% one star. Ratings for other share classes may differ due to different performance characteristics. ©2025 MorningstarInc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accuratecomplete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance cannot guarantee comparable future results.
An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expensesnor does the Index lend securitiesand no revenues from securities lending were added to the performance shown.
The NASDAQ Composite Index measures all NASDAQ domestic and international-based common stocks listed on The Nasdaq Stock Market.
The Russell 1000 Index represents the top 1000 companies by market capitalization in the United States.
Invesco does not offer tax advice. Investors should consult their own tax professionals for information regarding their own tax situations.