Invesco QQQ Trust (QQQ) overview
QQQ tracks the Nasdaq 100 index — the 100 largest non-financial stocks on the NASDAQ exchange. As a result, it is heavily weighted to Big Tech: Apple, Microsoft, NVIDIA, Amazon, Meta, Alphabet, Tesla, Broadcom together represent ~45% of the ETF.
QQQ is the second-largest equity ETF by AUM (~$300bn) and the deepest tech-tilted vehicle in the market.
Key facts
- Tracks: Nasdaq 100 (tech + consumer + biotech, no financials)
- Expense ratio: 0.20%
- Dividend yield: ~0.6%
- Top 5 holdings: AAPL, MSFT, NVDA, AMZN, META (combined ~32% of fund)
- Trading volume: $10-15bn / day
QQQ vs. QQQM vs. NDX
| Vehicle | Expense ratio | Best for |
|---|---|---|
| QQQ | 0.20% | Active traders, options |
| QQQM | 0.15% | Long-term holders (same index, lower fee) |
| NDX (futures / CFD) | varies | Leverage, 23h/day access |
Trading QQQ
QQQ moves more than SPY in both directions because of its tech concentration — average daily range ~1.2-1.8% vs. SPY’s 0.8-1.2%. It’s particularly sensitive to:
- US 10Y Treasury yields (high-duration index)
- AI / semiconductor news
- Big Tech earnings (35% of weight reports in same week)
CFDs via Pepperstone, Capital.com. Real shares via eToro or XTB.
