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Launched

Invesco Top QQQ ETF

QBIGNasdaqInvescoD

$39.73−0.41 (−1.03%)

At close: Nov 2, 2026, 4:00 PM ET

D37/ 100

Rank 9 of 10 in Nasdaq-100

D37/100Rank 9 of 10inNasdaq-100
Intraday session: down, 79 prints from 40.14 to 39.73. Range 39.73 to 40.71. Use the arrow keys to read each point.40.0040.4040.6010 AM12 PM2 PM4 PM
Expense ratio
0.29%*
Fund size
$32M
1Y total return
+0.1%
Yield · Last 12 months
No data
Holdings
14
Avg volume · 30D
4.47K sh
52W range
low $32.67high $43.41
Launched

*After a fee waiver that ends Aug 31, 2027. Without it: 0.38%.

The ETF.net QBIG Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
Nasdaq-100⁠
Rank
9 of 10
Six-pillar profile for QBIG. Scores out of 100: Cost 27, Risk 17, Mission 77, Tradability 18, Holdings not scored, Durability 36. Strongest: Mission (77). Weakest: Risk (17). Based on 5 of 6 pillars.

Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D27 out of 100
    Rank 8 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A77 out of 100
    Rank 5 of 8

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F17 out of 100
    Rank 10 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F18 out of 100
    Rank 10 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 9 of 10

Our read on QBIG

ETF.net Research

In short

DThe Nasdaq-100 with the small fry stripped out: roughly the top 45% by weight (capped at 47%), a short list of mega-caps reset quarterly, so the roster follows whoever is biggest instead of locking in a named Magnificent 7 basket.

Stated mandate

The fund seeks long-term capital growth by obtaining exposure to the largest companies in the Nasdaq-100 through the Nasdaq-100 Mega Index, which represents approximately the top 45% by weight. Exposure is obtained through direct equity holdings and total-return swaps.

Why people hold it

  • Owns the giants only: approximately the top 45% by weight of the Nasdaq-100, not exceeding 47%, which lands at a handful of mega-cap names rather than all 100.invesco.com
  • Membership is decided by weight and refreshed quarterly, so the lineup moves as mega-cap leadership moves rather than freezing a fixed list of named companies.invesco.com
  • Total-return swaps carry part of the exposure and are designed to reflect the index's quarterly rebalances and annual reweightings without taking custody of each stock.sec.gov

Worth knowing

  • Costs 0.29% net of a waiver through August 31, 2027 (0.38% gross), above the category median. QQQM charges 0.15% and QNDX 0.10% for the full Nasdaq-100.
  • Non-diversified by design: with only a handful of positions, one company's rough stretch lands hard, and industry concentration tracks whatever the index concentrates in.sec.gov
  • Swaps add counterparty exposure and can be illiquid, and this is a small, lightly traded fund, so spreads tend to run wider than the big Nasdaq-100 wrappers.sec.gov

QBIG Performance

Launched Dec 4, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
QBIG$10,007
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. QBIG $10,007. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QBIG. Periods over one year show the average yearly return.
PeriodQBIG
Year to date+4.3%
1 month−4.5%
3 months−0.3%
1 year+0.1%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QBIG
YearReturn barQBIG
2026 YTD+4.3%
2025+21.5%
2024+3.0%

Since listing, Dec 4, 2024

QBIG in the news

QBIG Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

QBIG Risk

Risk pillarF17 out of 100Rank 10 of 10 in Nasdaq-100
How much the fund’s monthly returns vary, scaled to a year.
24.0%
Annualised · 22 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.49
vs 3-month T-bills · 22 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−30.3%
22 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.71
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QBIG Cost

Compare QBIG and IQQ

Overpaying vs IQQ, tied cheapest in Nasdaq-100

$3,846

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QBIG 0.29%

    $5,952

  • IQQ 0.10% Tied cheapest

    $2,106

$10,000
30 years

Cost over time

  • QBIG 0.29%
  • IQQ 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530QBIG $5,952IQQ $2,106

Year by year

YearQBIGIQQOverpaying
10$527$183$344
20$2,044$717$1,327
30$5,952$2,106$3,846
How the 0.29% is worked out

Full fee 0.38%− waiver 0.09%= you pay 0.29%

The waiver ends Aug 31, 2027. After that the fee is 0.38% unless Invesco renews it. Source: prospectus, Feb 2026.

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