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ETFs

Victory Portfolios II VictoryShares Nasdaq Next 50 ETF

QQQN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 10 2020
Expense Ratio
0.18%
Type
US Equities
Fund Owner
VictoryShares
Volume (1m avg. daily)
$222,257
AUM
$82,416,000
Associated Index
Nasdaq Q-50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ROP
Roper Technologies Inc
4.19%
CCEP.NAS.GBP
Coca-Cola Europacific Partners plc
3.35%
CDW
CDW Corp
3.19%
HZNP
Horizon Therapeutics Plc
3.07%
SPLK
Splunk Inc
2.81%
MDB
MongoDB Inc - Ordinary Shares - Class A
2.73%
TTWO
Take-Two Interactive Software, Inc.
2.68%
TSCO
Tractor Supply Co.
2.59%
ALNY
Alnylam Pharmaceuticals Inc
2.52%
MPWR
Monolithic Power System Inc
2.44%
Invest with QQQN

What is QQQN?

VictoryShares Nasdaq Next 50 ETF seeks to provide investment results that track the performance of the Nasdaq Q-50 Index before fees and expenses. The Index is composed of the 50 largest nonfinancial domestic and international companies listed on TheNasdaq Stock Market based on market capitalization after excluding the companies included in theNasdaq-100 Index. The Index is constructed without regard to market capitalization size but its constituentcompanies will typically be large- and mid-cap.

ETFs related toQQQN

ETFs correlated to QQQN include QQQJ, IWP, VOT

QQQN
Victory Portfolios II - VictoryShares Nasdaq Next 50 ETF
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
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted 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 toQQQN

#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 QQQN using Composer

FAQ

QQQN is a US Equities ETF. VictoryShares Nasdaq Next 50 ETF seeks to provide investment results that track the performance of the Nasdaq Q-50 Index before fees and expenses. The Index is composed of the 50 largest nonfinancial domestic and international companies listed on TheNasdaq Stock Market based on market capitalization after excluding the companies included in theNasdaq-100 Index. The Index is constructed without regard to market capitalization size but its constituentcompanies will typically be large- and mid-cap.

QQQN tracks the Nasdaq Q-50 Index.

No, QQQN 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, QQQN 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 QQQN is -0.0295%. This is the percent change in the value of QQQN over the most recent 1-month period. The 3-month return on QQQN is -0.0469%. This is the percent change in the value of QQQN over the most recent 3-month period.

The standard deviation of QQQN for the past year is 0.2087%. 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 QQQN include IVV, MDY, and IJR.

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

ETFs that are inversely correlated to QQQN 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.