Invesco Nasdaq 100 ETF (QQQM)

Invesco Nasdaq 100 ETF — analysis

Holding $31.3B in AUM at a 24 bps expense ratio, QQQM sits in the large cap growth bucket on the ValueMarkers ETF coverage list. The fund tracks Nasdaq-100 Index and dates back to 2000.

Inside the ETF, the underlying companies' fundamentals stack to a VMCI-Composite of 65/100 on QQQM. The composite is built from the top-10 holdings, weighted by index allocation. The read is above-average composite quality, which is the right anchor when comparing QQQM to peer funds in the large cap growth category.

On a five-year compound basis, QQQM returned 8.1% per year. Against the 7.0% benchmark print, that's a 1.1-pp above-index annualized result, before tax.

QQQM pays a trailing-twelve-month dividend yield of 2.60%. Distribution growth has compounded at 2.1% per year over the past five years, which sets the carry profile for income-oriented allocators inside the large cap growth category.

Inside QQQM: top-10 weight 30%, top position AAPL at 3.62%, top sector Technology at 33%. The concentration profile shapes how much of the fund's return is driven by a small set of names.

QQQM's comparable set: QQQ, IWF, VUG. Each is a large cap growth ETF; the relative-value question is whether the 24 bps expense ratio, the 8.1% 5y CAGR, and the 2.60% yield clear the bar against the peer trio.