QQQM vs. SQQQ

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

QQQM

$--

ProShares UltraPro Short QQQ

SQQQ

$--

Correlation

-1.00

Learn more about QQQM

Learn more about SQQQ

Compare with

Top 10 comparisons with QQQM:

Top 10 shared holdings

The top 10 holdings shared by QQQM and SQQQ:

There are no shared holdings.

Invest with QQQM

Learn more about SQQQ

QQQMInvesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

SQQQProShares UltraPro Short QQQ

What is QQQM?

The Invesco NASDAQ 100 ETF (Fund) is based on the NASDAQ-100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index includes securities of 100 of the largest domestic and international nonfinancial companies listed on Nasdaq. The Fund and Index are rebalanced quarterly and reconstituted annually.

Snapshot
**

QQQM Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

SQQQ ProShares UltraPro Short QQQ

Inception date

Oct 13 2020

Feb 09 2010

Expense ratio

0.15%

0.95%

QQQM has a lower expense ratio than SQQQ by 0.79%. This can indicate that it’s cheaper to invest in QQQM than SQQQ.

Type

US Equities

QQQM targets investing in US Equities, while SQQQ targets investing in US Equities.

Fund owner

Invesco

ProShares

QQQM is managed by Invesco, while SQQQ is managed by ProShares.

Volume (1m avg. daily)

$154,621,362

$2,217,551,125

Both QQQM and SQQQ are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.

AUM

$14,236,186,221

$4,455,851,279

QQQM has more assets under management than SQQQ by $9,780,334,942. Higher AUM can be associated with better liquidity and lower slippage in trading.

Associated index

Nasdaq 100 Index

QQQM is based off of the Nasdaq 100 Index, while SQQQ is based off of the Nasdaq 100 Index

Inverse/Leveraged

Inverse (-3x)

QQQM uses undefined, while SQQQ uses Inverse (-3x). Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.

Passive/Active

Passive

QQQM and SQQQ both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Dividend

QQQM and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.

Prospectus

View

Neither QQQM nor SQQQ require a K1.

When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe QQQM is going to fall, it would make sense to invest in SQQQ, as based on historical data, when QQQM decreases in value, SQQQ tends to increase in value.

Automated Strategies
Related toQQQM

#BTD

Buy the Dips: Nasdaq 100

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#SPYMIN

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Disclaimers

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.