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ETFs

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ Future Gen 200 ETF

QQQS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2022
Expense Ratio
0.20%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$39,955
AUM
$5,838,078
Associated Index
Nasdaq Innovators Completion Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with QQQS

What is QQQS?

The Invesco NASDAQ Future Gen 200 ETF (Fund) is based on the Nasdaq Innovators Completion Cap Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index consists of 200 small cap companies with the most valuable patent portfolios relative to their total market value as deemed by Nasdaq. The eligible universe consists of the companies within the Nasdaq Composite Index, excluding those companies included in the Nasdaq-100 Index and Nasdaq Next Generation 100 Index. Each constituent within the Index is equally weighted. The Fund and Index are rebalanced quarterly and reconstituted semi-annually.

ETFs related toQQQS

ETFs correlated to QQQS include IWC, IWO, VTWG

QQQS
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Future Gen 200 ETF
IWC
BlackRock Institutional Trust Company N.A. - iShares Micro-Cap ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
BBSC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Small Cap Equity ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 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 toQQQS

#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 QQQS using Composer

FAQ

QQQS is a US Equities ETF. The Invesco NASDAQ Future Gen 200 ETF (Fund) is based on the Nasdaq Innovators Completion Cap Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index consists of 200 small cap companies with the most valuable patent portfolios relative to their total market value as deemed by Nasdaq. The eligible universe consists of the companies within the Nasdaq Composite Index, excluding those companies included in the Nasdaq-100 Index and Nasdaq Next Generation 100 Index. Each constituent within the Index is equally weighted. The Fund and Index are rebalanced quarterly and reconstituted semi-annually.

QQQS tracks the Nasdaq Innovators Completion Cap Index.

No, QQQS 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, QQQS 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 QQQS is -0.0896%. This is the percent change in the value of QQQS over the most recent 1-month period. The 3-month return on QQQS is -0.161%. This is the percent change in the value of QQQS over the most recent 3-month period.

ETFs similar to QQQS include SPHQ, DSI, and QUAL.

ETFs correlated to QQQS include IWC, IWO, and VTWG.

ETFs that are inversely correlated to QQQS include SRTY, RWM, and TWM.

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.