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[**Skip to main content**](https://www.invesco.com/qqq-etf/en/home.html#inv-main-content "Skip to main content") [](https://www.invesco.com/qqq-etf/en/home.html) Invest in QQQ Expand navigation Close navigation - [About QQQ](https://www.invesco.com/qqq-etf/en/about.html) - [Performance](https://www.invesco.com/qqq-etf/en/performance.html) - Insights & Education Insights & Education [ Market outlook Explore insights, benefits, and strategies for investors of all types.](https://www.invesco.com/qqq-etf/en/market-outlook.html "Market outlook") [ Investing basics Learn why exchange-traded funds (ETFs) can be a smart investment choice.](https://www.invesco.com/qqq-etf/en/investing-basics.html "Investing basics") [ Innovation in action See how groundbreaking innovators are changing the world.](https://www.invesco.com/qqq-etf/en/innovation.html "Innovation in action") - [About Invesco](https://www.invesco.com/qqq-etf/en/about-invesco.html) Invest in QQQ Help modernize the Invesco QQQ ETF! Have you heard from our third-party proxy solicitor, Sodali? They’re assisting us in securing the votes needed to enhance QQQ. [Click here to learn more](https://www.invesco.com/qqq-etf/en/proxy-vote-information.html). # Invesco QQQ ETF Help power your portfolio with innovation Invest in QQQ \+545.61% more returns than the S\&P 500 Since launching in 1999, Invesco QQQ has demonstrated a history of outperformance, typically beating the S\&P 500 Index. [See fund details ›](https://www.invesco.com/qqq-etf/en/about.html) ###### \+545.61% more returns than the S\&P 500 Bar chart with 2 bars. The chart has 1 X axis displaying Time. Data range: 0 seconds. The chart has 1 Y axis displaying values. Data ranges from 745.92 to 1291.53. Created with Highcharts 12.3.0 \+545.61% more returns than the S\&P 500 \+1291.53% Since incept. S\&P 500® Index \+745.92% Since incept. End of interactive chart. Unable to load data. Refresh Source: Morningstar Direct. Cumulative outperformance is 545.61% as of September 30, 2025. Fund performance shown at NAV. Data is as of Invesco QQQ ETF inception date of March 10, 1999. Invesco QQQ’s total expense ratio is 0.20%. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance quoted. ## See your investment grow with QQQ ETF Invesco QQQ has delivered strong, consistent returns by investing in the innovators of today and tomorrow. Returns shown are as of {date}. [See performance ›](https://www.invesco.com/qqq-etf/en/performance.html) Your investment in Invesco QQQ would be worth if you had invested in QQQ 10 years ago Unable to load data. Refresh Performance as of: Nvidia Microsoft Apple Broadcom Amazon Nvidia Microsoft Apple Broadcom Amazon Nvidia Microsoft Apple Broadcom Amazon Nvidia Microsoft Apple Broadcom Amazon Tesla Meta Alphabet Netflix Costco Tesla Meta Alphabet Netflix Costco Tesla Meta Alphabet Netflix Costco Tesla Meta Alphabet Netflix Costco ## Some of the most inventive companies in a single ETF QQQ provides exposure to companies at the forefront of innovation across a diverse range of sectors, all in one investment. [See fund details ›](https://www.invesco.com/qqq-etf/en/about.html) Source: Morningstar Inc. Data begins 10 years prior to the ending date of September 30, 2025. Performance data quoted represents past performance, which is not a guarantee of future results. Invesco QQQ’s total expense ratio is 0.20%. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance quoted.  ## 100 Nasdaq companies in one investment Select what best describes you: Individual Financial Professional ## Best-in-class investment ratings ### Top 1% Rated in the top 1% of best-performing large-cap growth funds (3 of 393) based on total return over the past 15 years by Lipper, as of September 30, 2025. ### 2nd\-most traded 2nd-most traded ETF in the US, based on average daily volume traded, as of September 30, 2025.1 ### 5-star Morningstar rating As of September 30, 2025, Invesco QQQ had an overall rating of 5 stars out of 1024 large-cap growth funds for a 10-year period, based on risk-adjusted return. ### More than 25-year history Invesco QQQ is one of the oldest ETFs—a pioneer in the democratization of investing. ## [See fund details ›](https://www.invesco.com/qqq-etf/en/about.html) Frequently asked questions Already investing Professionals New to ETFs ### How does QQQ compare to other ETFs? Invesco QQQ is highly liquid because it is one of the most actively traded securities, with a history dating back to 1999. Like other passively managed ETFs, QQQ tracks an index. The Nasdaq-100 index includes many of the world’s leading technology stocks, as 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](https://www.invesco.com/qqq-etf/en/innovation-performance.html). *Source: Bloomberg L.P., QQQ is the 2nd most-traded ETF in the US based on average daily volume traded, as of September 30, 2025.* ### What are the potential benefits of ETFs when compared to individual stocks? Some investors use ETFs to gain exposure to broad ranges of companies rather than picking individual stocks, which reduces single-stock risk. For example, Invesco QQQ provides diversified exposure to many innovative companies, including leaders in software, hardware, e-commerce, social media, biotechnology, and other areas. ### Are there any tax advantages to owning an ETF? Typically, yes. 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 result, investors 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.* ### Do ETFs belong in my portfolio? The decision to include ETFs in your portfolio will vary by your unique goals, time horizon, and risk tolerance. Investors can help diversify their portfolio with a handful of broad-based ETFs for various asset classes. ### How is the market price of an ETF determined? 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.](https://www.invesco.com/qqq-etf/en/etf-insights/a-quick-qa-on-etfs.html) *Bid/ask spread is the amount by which the ask price exceeds the bid price for an asset in the market.* ### Passive vs active: Which is better for my clients? ETFs can be actively or passively managed, and 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 index, which 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.](https://www.invesco.com/qqq-etf/en/etf-insights/how-does-invesco-qqq-fit-your-portfolio.html) ### How does volume relate to liquidity? 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 example, an 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](https://www.invesco.com/qqq-etf/en/etf-insights/trading-invesco-qqq.html). *Source: Bloomberg L.P., QQQ is the 2nd most-traded ETF in the US based on average daily volume traded, as of September 30, 2025.* ### What’s the total cost of ETF investing? An ETF’s total cost of ownership depends on more than just its expense ratio. Investors also need to consider bid-ask spreads, trading commissions, and premiums and discounts, for example. For more information on calculating costs of ETFs, [click here](https://www.invesco.com/qqq-etf/en/etf-insights/trading-invesco-qqq.html). *Bid/ask spread is the amount by which the ask price exceeds the bid price for an asset in the market.* ### How has QQQ performed historically? Invesco QQQ ETF has typically outperformed broad equity benchmarks like the S\&P 500. For more information on Invesco QQQ’s performance, [click here](https://www.invesco.com/qqq-etf/en/innovation-performance.html). [*Standardized performance.*](https://www.invesco.com/qqq-etf/en/innovation-performance.html) *Performance data quoted represents past performance, which 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 500, as of September 30, 2025. ### Why are ETFs popular? ETFs are popular because they typically give investors access to broad market exposure with low fees, tax efficiency, and 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.* ### What does ETF stand for? 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 single, bundled investment. They are often passively managed and typically seek to track the performance of an index, such as the Nasdaq-100. ### Is QQQ an ETF? Yes. Invesco QQQ is a passively managed ETF that tracks the Nasdaq-100 index, which contains some of the world’s most innovative companies. For more information on the companies that make up the Nasdaq-100 Index, [click here.](https://www.invesco.com/qqq-etf/en/about.html) ### ETFs and mutual funds: What’s the difference? ETFs are similar to mutual funds in that they both can provide exposure to broad areas of the market in a single investment. However, while mutual funds are priced once a day at the market close, ETFs can be bought and sold like individual stocks throughout the day. Compared to mutual funds, ETFs tend to have better tax efficiency and more transparency, as 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 styles. Most ETFs are passively managed and are structured to track an index, whereas many mutual funds are actively managed and thus have higher management fees. Unlike ETFs, actively 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 transaction, frequent trading activity may increase the cost of ETFs. ETFs can be traded throughout the day, whereas mutual funds are traded only once a day. While extreme market conditions could result in illiquidity for ETFs. Typically, they 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.* ### Is there a required minimum investment in QQQ? 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 [ Investing Basics Learn why ETFs can be a smart investment choice](https://www.invesco.com/qqq-etf/en/investing-basics.html "Learn why ETFs can be a smart investment choice") [ RECIPE FOR INNOVATION Discover a fusion of cooking and culture inspired by Invesco QQQ](https://www.invesco.com/qqq-etf/en/recipe-for-innovation.html "Discover a fusion of cooking and culture inspired by Invesco QQQ") [ About Invesco Discover Invesco’s wide range of investment solutions](https://www.invesco.com/qqq-etf/en/about-invesco.html "Discover Invesco’s wide range of investment solutions")   ## Access innovation Sign up to learn more about Invesco QQQ. You’ll receive regular performance updates and insights. Sign up for the Innovation Newsletter Learn more about the potential advantages of Invesco QQQ. Sign Up Close  #### 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 October 23. [Learn more and vote](https://www.invesco.com/qqq-etf/en/proxy-vote-information.html)   ## Access innovation Sign up to learn more about Invesco QQQ. You’ll receive regular performance updates and insights. Expand Collapse ¹ Source: Bloomberg L.P., in the US based on average daily volume traded, as of September 30, 2025. Source: Lipper fund percentile rankings are based on total returns, excluding sales charges and including fees and expenses, and are versus mutual funds, ETFs 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 30, 2025. Morningstar ratings are based on a risk-adjusted return measure that accounts for variation in a fund’s monthly performance, placing 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 metrics, as applicable, excluding sales charges and including fees and expenses. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. The fund received 5 stars for the overall, 5 stars for the three years, 5 stars for the five years and 5 stars for the 10 years. As of September 30, 2025, the fund had an overall rating of 5 Stars out of 1024 funds, 4 Stars out of 1024 funds for the 3-year period, 4 Stars out of 954 funds for the 5-year period and 5 Stars out of 766 funds for the 10-year period, respectively, in the Large Growth category. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings for other share classes may differ due to different performance characteristics. ©2025 Morningstar, Inc. 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 accurate, complete 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 expenses, nor does the Index lend securities, and 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. - [Prospectus](https://connect.rightprospectus.com/Invesco/TADF/46090E103/P) - [Terms of Use](https://www.invesco.com/us/contentdetail?contentId=258d54c4a0561410VgnVCM100000c2f1bf0aRCRD&audienceType=Investor) - [Privacy](https://www.invesco.com/pp/en/privacy-portal.html) - [Cookie notice](https://www.invesco.com/pp/en/privacy-portal/cookie-notice.html) - [Legal](https://www.invesco.com/us/contentdetail?contentId=b04d54c4a0561410VgnVCM100000c2f1bf0aRCRD&audienceType=Investor) - Manage Cookies Questions about Invesco QQQ ETF? If you have general questions about Invesco QQQ or ETFs, we are here to help. [Call 1-800-983-0903](tel:18009830903) Invesco Distributors, Inc., ETF distributor, and Invesco Capital Management LLC, ETF sponsor, do not provide financial advisory services or tax advice. Investors should consult a financial professional before making any investment decisions. Investors should also consult their own tax professionals for information regarding their own tax situations. This content is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice; nor should it be construed as a solicitation, recommendation, endorsement, or offer for any investment strategy or product for a particular investor. **Not a Deposit \| Not FDIC Insured \| Not Guaranteed by the Bank \| May Lose Value \| Not Insured by any Federal Government Agency** There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund. Investments focused in a particular sector, such as technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments. [QQQ Top 10 Holdings](https://www.invesco.com/qqq-etf/en/about.html#top-10-holdings "QQQ Top 10 Holdings"). Holdings are subject to change and are not buy/sell recommendations. The Nasdaq-100® Index comprises the 100 largest non-financial companies traded on the Nasdaq. An investor cannot invest directly in an index. Diversification does not guarantee a profit or eliminate the risk of loss. Transparency: Most ETFs disclose their holdings daily. Low cost: Since ordinary brokerage commissions apply for each ETF buy and sell transaction, frequent trading activity may increase the cost of ETFs. Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000 Shares. The sponsor of the Invesco QQQ TrustSM, a unit of investment trust, is Invesco Capital Management LLC (Invesco). NASDAQ, Nasdaq-100 Index, Nasdaq-100 Index Tracking Stock and QQQ are trade/service marks of The Nasdaq Stock Market, Inc. and have been licensed for use by Invesco, QQQ's sponsor. NASDAQ makes no representation regarding the advisability of investing in QQQ and makes no warranty and bears no liability with respect to QQQ, the Nasdaq-100 Index, its use or any data included therein. ©2025 Invesco Ltd. All rights reserved ## STAY CONNECTED ## Invest in QQQ Individual Investor Financial Professional Buy shares of QQQ through any of these platforms: [E\*TRADE](https://www.etrade.wallst.com/v1/stocks/snapshot/snapshot.asp?symbol=QQQ)[Fidelity](https://digital.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=QQQ)[Interactive Brokers](https://www.interactivebrokers.com/en/whyib/overview.php)[M1 Finance](https://dashboard.m1finance.com/share?token=H4sIAAAAAAACA6tWKqksSFWyUspLLY8vyExV0lHKS8wFCXjmlaUWJ-crBAYGAgWLczKTU4uVrKKrlUrylayqYdqKU5NLizJLKoFKMlOA_FCDMBf_rOQqv6pkW6VaHaWC1KLk1LySxHSgYkMDg9rYWgC-J7SicgAAAA&utm_source=invesco&utm_medium=comarketing&utm_campaign=none)[Robinhood](https://robinhood.com/stocks/QQQ)[SoFi](https://www.sofi.com/invest/)[Vanguard](https://investor.vanguard.com/)[Axos](https://www.axos.com/invest/self-directed-trading?UTM_source=Invesco) **Don't see your brokerage?** Search for the 'QQQ' ticker on your brokerage of choice. **Working with a professional?** Email your financial professional to discuss how Invesco QQQ can help power your portfolio. [Email your advisor](mailto:?subject=Let%E2%80%99s%20discuss%20Invesco%20QQQ&body=I%E2%80%99m%20interested%20in%20what%20Invesco%20QQQ%20\(https%3A%2F%2Finves.co%2Fqqq\)%20can%20do%20for%20my%20portfolio.%20Please%20contact%20me%20to%20discuss%20how%20I%20can%20invest.) **Questions about ETFs?** If you have general questions about Invesco QQQ or ETFs, we are here to help. [Call 1-800-983-0903](tel:18009830903) ### Important Information ETFs are listed on major US Stock Exchanges and can be bought and sold throughout the trading day through a brokerage account. Since ordinary brokerage commissions apply for each ETF buy and sell transaction, frequent trading activity may increase the cost of ETFs. Investors should confirm these or any additional costs with their broker, financial professional, or other intermediary prior to placing any trades. Not all Invesco ETFs are available on all platforms, investors should consult their financial professional before placing a trade. Invesco makes no representations, warranties, endorsements, or recommendations regarding any broker, financial professional, or other financial intermediary. Brokerage firms and hyperlinks on this website are provided as a convenience only and Invesco does not claim any responsibility for information, services or products found on the linked websites, nor is this an all-inclusive list brokerage firms. Invesco is not affiliated with any of the firms listed herein, nor were they involved in the creation of this content. Invesco has not reviewed the brokerage firm’s websites and does not guarantee any claims or assume any responsibility for the content. Invesco Distributors, Inc., ETF distributor, and Invesco Capital Management LLC, ETF sponsor, do not provide financial advisory services or tax advice. Investors should consult a financial professional before making any investment decisions. Investors should also consult their own tax professionals for information regarding their own tax situations. This content is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice; nor should it be construed as a solicitation, recommendation, endorsement, or offer for any investment strategy or product for a particular investor.