Nasdaq-100 ETF

Invesco QQQ Trust (QQQ)

A widely traded exchange-traded fund from Invesco that tracks the Nasdaq-100 index, with substantial technology exposure.

Ticker: QQQNasdaq-listedTracks the Nasdaq-100
Market chart

Invesco QQQ Trust price chart

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What is QQQ?

QQQ, formally Invesco QQQ Trust, Series 1, tracks the Nasdaq-100 index of 100 of the largest non-financial companies listed on the Nasdaq exchange. Like SPY, it is organized as a unit investment trust (UIT) rather than a more modern open-end fund structure.

How QQQ compares

Unlike the S&P 500 ETFs on this site, QQQ tracks a different, narrower index that excludes financial companies and has historically carried substantial exposure to large technology businesses. Its very high average daily trading volume also makes it a popular instrument in options markets, alongside long-term investors who hold it directly.

Risks and considerations

Because the Nasdaq-100 is concentrated in a relatively small number of large, often technology-oriented companies, QQQ can be more sensitive to changes in sentiment toward that sector than a broader, more diversified fund. It carries the same general market risk as any equity fund, with no guarantee against loss.

Long-term investing considerations

QQQ is not a broad-market fund — it represents a specific, more concentrated slice of the US stock market. Investors comparing it with S&P 500 or total-market funds should weigh that concentration and test a range of assumptions rather than extrapolating from any single period's returns.

Fund snapshot

Fund profile

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