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ETFs

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Next Gen 100 ETF

QQQJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2020
Expense Ratio
0.15%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,918,273
AUM
$653,701,993
Associated Index
NASDAQ Next Generation 100 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CCEP
Coca-Cola Europacific Partners Plc
2.29%
CDW
CDW Corp
2.18%
HZNP
Horizon Therapeutics Plc
2.09%
SPLK
Splunk Inc
1.92%
MDB
MongoDB Inc - Ordinary Shares - Class A
1.87%
TTWO
Take-Two Interactive Software, Inc.
1.85%
TSCO
Tractor Supply Co.
1.76%
MPWR
Monolithic Power System Inc
1.69%
ALNY
Alnylam Pharmaceuticals Inc
1.69%
VRSN
Verisign Inc.
1.62%
Invest with QQQJ

What is QQQJ?

The Invesco NASDAQ Next Gen 100 Fund (Fund) is based on the NASDAQ Next Generation 100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index. The Fund and Index are rebalanced quarterly and reconstituted annually.

ETFs related toQQQJ

ETFs correlated to QQQJ include IWP, VOT, IMCG

QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toQQQJ

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with QQQJ using Composer

FAQ

QQQJ is a US Equities ETF. The Invesco NASDAQ Next Gen 100 Fund (Fund) is based on the NASDAQ Next Generation 100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index. The Fund and Index are rebalanced quarterly and reconstituted annually.

QQQJ tracks the NASDAQ Next Generation 100 Index.

No, QQQJ is not actively managed. It is passively managed. 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.

Yes, QQQJ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QQQJ is -0.0289%. This is the percent change in the value of QQQJ over the most recent 1-month period. The 3-month return on QQQJ is -0.0316%. This is the percent change in the value of QQQJ over the most recent 3-month period.

The standard deviation of QQQJ for the past year is 0.2122%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QQQJ include IVV, MDY, and IJR.

ETFs correlated to QQQJ include IWP, VOT, and IMCG.

ETFs that are inversely correlated to QQQJ include HIBS, SPXU, and SDS.

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.