Invesco QQQ Trust, Series 1 (QQQ)

Market Price (5/12/2026): $706.19

Invesco QQQ Trust, Series 1 (QQQ)

Market Price (5/12/2026): $706.19

Asset Allocation with QQQ

	ETF	1D	1W	1M	YTD
Equity	QQQ	0.3%	6.0%	16.7%	16.3%
Bond	BND	-0.2%	0.4%	-0.0%	0.4%
Gold	GLD	0.2%	4.8%	-0.6%	9.7%
Commodity	DBC	0.0%	0.0%	5.6%	34.6%
Real Estate	VNQ	0.1%	1.3%	4.0%	10.4%
Bitcoin	BTCUSD	2.4%	2.9%	12.6%	-6.1%
Cash	GOVT	-0.2%	0.3%	-0.5%	-0.3%

	ETF	Return	Volatility	Sharpe
Equity	QQQ	21.8%	18.8%	101.6%
Bond	BND	1.7%	5.2%	-17.2%
Gold	GLD	13.4%	15.2%	68.4%
Commodity	DBC	9.5%	16.3%	48.1%
Real Estate	VNQ	5.6%	17.7%	24.7%
Bitcoin	BTCUSD	68.5%	76.9%	102.2%
Cash	GOVT	0.7%	4.9%	-38.4%

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	Inflation Shock	Covid Pandemic	2018 Correction
Equity	QQQ	-31.3%	-22.8%	-22.0%
Bond	BND	-14.2%	-2.2%	1.3%
Gold	GLD	-7.7%	-6.3%	5.0%
Commodity	DBC	20.5%	-23.7%	-16.5%
Real Estate	VNQ	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	-56.0%	-33.5%	-37.4%
Cash	GOVT	-12.4%	4.4%	1.6%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

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[2] Asset Rotation Strategies
[3] Tax-Efficient Strategies

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Price Chart

ETF Price
Price/Gold

Valuation & Yield

	5/12/2026	2025	2024	2023	2022	2021
Share Price CYE	$713.29	$613.54	$508.01	$404.54	$261.24	$387.46
Dividend Per Share TTM	$2.81	$2.79	$2.85	$2.54	$2.14	$1.70
Valuation Ratios
P/S TTM	4.99	5.38	4.96	4.16	3.00	4.77
P/E TTM	32.31	35.94	40.07	33.12	28.67	34.19
Yields
Earnings Yield TTM	3.09%	2.78%	2.50%	3.02%	3.49%	2.92%
Dividend Yield TTM	0.39%	0.46%	0.56%	0.63%	0.82%	0.44%
(TY) Total Yield TTM	3.49%	3.24%	3.06%	3.65%	4.31%	3.36%
Risk Premium
(Rf) Risk Free Rate (US 10Y)	4.38%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Premium (TY - Rf)	-0.89%	-0.94%	-1.52%	-0.23%	0.43%	1.84%

Ratios shown reflect current ETF constituents at current weights

Top 20 Holdings for QQQ

Total Weights
Top 5: 29.6% | Top 10: 47.3% | Top 20: 67.4%

Ticker	Holding	Weight
NVDA	NVIDIA	8.64%
AAPL	Apple	7.12%
MSFT	Microsoft	5.10%
AMZN	Amazon.com	4.84%
GOOGL	Alphabet	3.86%
MU	Micron Technology	3.84%
GOOG	Alphabet	3.57%
TSLA	Tesla	3.53%
AMD	Advanced Micro Devices	3.39%
AVGO	Broadcom	3.37%
META	Meta Platforms	2.97%
WMT	Walmart	2.92%
INTC	Intel	2.85%
COST	Costco Wholesale	2.05%
CSCO	Cisco Systems	1.74%
NFLX	Netflix	1.69%
LRCX	Lam Research	1.68%
AMAT	Applied Materials	1.58%
PLTR	Palantir Technologies	1.44%
TXN	Texas Instruments	1.20%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
QQQ Return	27%	-33%	55%	26%	21%	16%	134%
S&P 500 Return	27%	-19%	24%	23%	16%	8%	97%
Monthly Win Rates [3]
QQQ Win Rate	75%	33%	67%	75%	67%	60%
S&P 500 Win Rate	75%	42%	67%	75%	67%	60%
Max Drawdowns [4]
QQQ Max Drawdown	-4%	-34%	-2%	-3%	-18%	-9%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] 2026 data is for the year up to 5/11/2026 (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
QQQ	1.94	1.15	0.59
Equity Top Results (3Y)
SPMO	1.93	1.45	0.89
SMH	2.99	1.44	0.91
CGDV	2.12	1.32	0.89
DYNF	1.96	1.28	0.68
XLC	1.35	1.24	0.37

Results as of 4302026.

Event	QQQ	S&P 500
2025 US Tariff Shock
% Loss	-22.8%	-18.8%
% Gain to Breakeven	29.5%	23.1%
Time to Breakeven	77 days	79 days
2024 Yen Carry Trade Unwind
% Loss	-13.6%	-7.8%
% Gain to Breakeven	15.7%	8.5%
Time to Breakeven	91 days	18 days
2022 Inflation Shock & Fed Tightening
% Loss	-34.8%	-24.5%
% Gain to Breakeven	53.3%	32.4%
Time to Breakeven	424 days	427 days
2020 COVID-19 Crash
% Loss	-28.6%	-33.7%
% Gain to Breakeven	40.0%	50.9%
Time to Breakeven	79 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-22.6%	-19.2%
% Gain to Breakeven	29.2%	23.7%
Time to Breakeven	105 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-13.1%	-12.2%
% Gain to Breakeven	15.1%	13.9%
Time to Breakeven	57 days	62 days

In The Past

Invesco QQQ Trust, Series 1's stock fell -22.8% during the 2025 US Tariff Shock. Such a loss loss requires a 29.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	QQQ	S&P 500
2025 US Tariff Shock
% Loss	-22.8%	-18.8%
% Gain to Breakeven	29.5%	23.1%
Time to Breakeven	77 days	79 days
2022 Inflation Shock & Fed Tightening
% Loss	-34.8%	-24.5%
% Gain to Breakeven	53.3%	32.4%
Time to Breakeven	424 days	427 days
2020 COVID-19 Crash
% Loss	-28.6%	-33.7%
% Gain to Breakeven	40.0%	50.9%
Time to Breakeven	79 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-22.6%	-19.2%
% Gain to Breakeven	29.2%	23.7%
Time to Breakeven	105 days	105 days
2008-2009 Global Financial Crisis
% Loss	-51.2%	-53.4%
% Gain to Breakeven	105.0%	114.4%
Time to Breakeven	704 days	1085 days

In The Past

Invesco QQQ Trust, Series 1's stock fell -22.8% during the 2025 US Tariff Shock. Such a loss loss requires a 29.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

QQQ Dip Buy History

QQQ had 22 events since 1/1/2005 where the dip threshold of -5.0% within 60 days was triggered

25% median peak return within 1 year of dip event
307 days is the median time to peak return after a dip event
-6.1% median max drawdown within 1 year of dip event

60 Day Dip			QQQ Subsequent Performance
Date	QQQ	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			22%	25%	-6%	307
3202026	-6%	-5%	23%	23%	-4%	52
3062025	-6%	-5%	23%	31%	-15%	237
10202023	-6%	-7%	41%	43%	-3%	264
9292022	-6%	-5%	34%	43%	-4%	292
1212022	-7%	-4%	-17%	6%	-26%	67
5122021	-5%	4%	-7%	28%	-8%	229
3112020	-5%	-13%	64%	74%	-13%	338
10112018	-6%	-3%	14%	16%	-15%	288
4242018	-7%	-8%	21%	21%	-9%	364
6272016	-7%	-3%	36%	42%	0%	346
1132016	-5%	-7%	22%	22%	-5%	364
8212015	-7%	-7%	16%	16%	-5%	360
10162014	-5%	-6%	19%	25%	0%	277
11082012	-5%	-1%	33%	33%	-2%	355
6012012	-6%	-5%	21%	25%	0%	350
9282011	-6%	-14%	28%	30%	-6%	357
8042011	-8%	-11%	22%	27%	-8%	242
6072010	-6%	-8%	27%	35%	-4%	324
7152008	-5%	-12%	-16%	9%	-42%	30
1022008	-6%	-7%	-41%	0%	-49%	1
5182006	-5%	-2%	21%	20%	-9%	356
2232005	-7%	1%	12%	17%	-6%	322

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 5/11/2026

QQQ had 11 events since 1/1/2005 where the dip threshold of -10% within 90 days was triggered

35% median peak return within 1 year of dip event
272 days is the median time to peak return after a dip event
-7.4% median max drawdown within 1 year of dip event

90 Day Dip			QQQ Subsequent Performance
Date	QQQ	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			28%	35%	-7%	272
4032025	-10%	-9%	36%	41%	-8%	209
12062022	-11%	-4%	40%	40%	-7%	349
2232022	-10%	-5%	-11%	13%	-21%	34
3162020	-15%	-22%	91%	100%	0%	333
11202018	-11%	-5%	28%	29%	-10%	364
8082011	-12%	-15%	33%	36%	-1%	238
8232010	-11%	-11%	14%	35%	-2%	337
9092008	-13%	-12%	-3%	3%	-40%	2
1222008	-12%	-11%	-34%	15%	-42%	135
7132006	-10%	-2%	38%	38%	-2%	365
4142005	-10%	-2%	19%	22%	-2%	272

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 5/11/2026

QQQ had 2 events since 1/1/2005 where the dip threshold of -20% within 180 days was triggered

19% median peak return within 1 year of dip event
224 days is the median time to peak return after a dip event
-19% median max drawdown within 1 year of dip event

180 Day Dip			QQQ Subsequent Performance
Date	QQQ	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			17%	19%	-19%	224
5112022	-22%	-12%	12%	14%	-10%	96
10062008	-21%	-19%	21%	23%	-27%	351

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 5/11/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
XLV	State Street Health Care Select Sector SPDR ETF	-10.3%	143.04	5112026	159.54	3012026	71
XLF	State Street Financial Select Sector SPDR ETF	-8.8%	51.18	5112026	56.11	1062026	125
XLP	State Street Consumer Staples Select Sector SPDR ETF	-6.9%	83.37	5112026	89.51	3012026	71
XLE	State Street Energy Select Sector SPDR ETF	-8.6%	57.17	5112026	62.56	3292026	43
GLD	SPDR Gold Shares	-12.4%	434.65	5112026	495.90	1292026	102
IAU	iShares Gold Trust	-13.3%	88.07	5112026	101.57	1292026	102
SLV	iShares Silver Trust	-35.3%	68.33	5112026	105.60	1282026	103
USO	United States Oil Fund LP	-7.9%	138.66	5112026	150.63	4292026	12
BTCUSD	Bitcoin	-22.5%	82,138.93	5112026	105,996.59	11102025	182
IBIT	iShares Bitcoin Trust ETF	-22.8%	46.47	5112026	60.19	11102025	182
TLT	iShares 20+ Year Treasury Bond ETF	-5.1%	85.56	5112026	90.16	3012026	71

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About QQQ

Holdings Count: 102
Expense Ratio: 0.18%
Inception Date: 1999-03-10

Invesco QQQ Trust, Series 1
The Invesco QQQ Trust, Series 1 is an exchange-traded fund (ETF) launched by Invesco on March 10, 1999, which is structured to track the price and yield performance of the NASDAQ-100 Index.
Asset Class: Equity | ETF Website

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Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
BZH	Beazer Homes USA	0.7	34.0%	24.1%
POET	POET Technologies	1.7	26.9%	119.6%
LQDA	Liquidia	4.6	25.6%	54.0%
NVTS	Navitas Semiconductor	5.0	24.5%	217.2%
AAOI	Applied Optoelectronics	13.0	24.1%	430.4%
INOD	Innodata	3.3	22.3%	103.8%
VICR	Vicor	14.1	22.0%	185.5%
TH	Target Hospitality	1.8	17.9%	125.7%
LITE	Lumentum	74.9	16.5%	185.7%
FCEL	FuelCell Energy	0.8	16.4%	118.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
CERT	Certara	0.8	-18.7%	-41.8%
PSIX	Power Solutions International	1.4	-17.7%	9.3%
NPCE	NeuroPace	0.5	-14.6%	1.5%
JOUT	Johnson Outdoors	0.5	-12.8%	7.1%
NABL	N-able	0.8	-12.8%	-45.3%
UI	Ubiquiti	44.7	-12.3%	33.6%
ARLO	Arlo Technologies	1.4	-10.9%	-2.9%
RVLV	Revolve	1.3	-10.7%	-38.3%
PRAA	PRA	0.7	-10.6%	-3.1%
CTKB	Cytek Biosciences	0.5	-10.6%	-18.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
INOD	Innodata	3.3	127.1%	103.8%
FLNC	Fluence Energy	3.3	104.6%	27.6%
POET	POET Technologies	1.7	95.5%	119.6%
STRL	Sterling Infrastructure	26.6	64.0%	183.5%
SITM	SiTime	23.6	59.6%	155.2%
FLEX	Flex	53.5	58.0%	140.1%
AAON	AAON	11.6	54.2%	86.1%
WEST	Westrock Coffee	0.8	52.4%	115.0%
XMTR	Xometry	4.1	52.4%	35.8%
DOCN	DigitalOcean	14.9	49.5%	238.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
EMBC	Embecta	0.2	-63.7%	-71.3%
TRDA	Entrada Therapeutics	0.3	-55.7%	-31.9%
BRBR	BellRing Brands	1.1	-45.9%	-64.8%
WGS	GeneDx	1.2	-41.7%	-69.5%
PRIM	Primoris Services	6.2	-38.4%	-7.8%
FWRD	Forward Air	0.3	-35.5%	-58.2%
TMDX	TransMedics	2.2	-33.8%	-47.1%
PAHC	Phibro Animal Health	1.5	-33.6%	-2.6%
AORT	Artivion	1.1	-33.0%	-47.8%
VITL	Vital Farms	0.4	-32.8%	-72.6%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MXL	MaxLinear	9.0	394.3%	486.7%
BAND	Bandwidth	1.5	209.5%	223.3%
INOD	Innodata	3.3	191.8%	103.8%
FCEL	FuelCell Energy	0.8	139.7%	118.1%
NVTS	Navitas Semiconductor	5.0	137.4%	217.2%
WOLF	Wolfspeed	1.4	116.7%	189.0%
DOCN	DigitalOcean	14.9	115.3%	238.2%
SITM	SiTime	23.6	114.5%	155.2%
INTC	Intel	657.9	107.5%	250.8%
KEEL	Keel Infrastructure	2.6	100.9%	99.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
EMBC	Embecta	0.2	-62.0%	-71.3%
CAR	Avis Budget	5.3	-49.6%	17.8%
TRDA	Entrada Therapeutics	0.3	-48.1%	-31.9%
FWRD	Forward Air	0.3	-45.4%	-58.2%
TMDX	TransMedics	2.2	-43.6%	-47.1%
ULH	Universal Logistics	0.3	-41.0%	-16.8%
CABO	Cable One	0.3	-39.0%	-50.3%
ERAS	Erasca	3.0	-38.6%	180.6%
BRBR	BellRing Brands	1.1	-37.4%	-64.8%
PAHC	Phibro Animal Health	1.5	-37.3%	-2.6%

Short Interest

Short Interest: As Of Date	4302026
Short Interest: Shares Quantity	59.7 Mil
Short Interest: % Change Since 4152026	-9.9%
Average Daily Volume	39.1 Mil
Days-to-Cover Short Interest	1.5 days

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Invesco QQQ Trust, Series 1 (QQQ)

Market Price (5/12/2026): $706.19

Invesco QQQ Trust, Series 1 (QQQ)

Market Price (5/12/2026): $706.19

Asset Allocation with QQQ

Price Chart

Valuation & Yield

Top 20 Holdings for QQQ

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

QQQ Dip Buy History

Current Dip Buy Opportunities Across ETFs

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About QQQ

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

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