Invesco Nasdaq Free Cash Flow Achievers ETF
$36.44−0.08 (−0.22%)
History starts Dec 6, 2023.
- Expense ratio
- 0.39%
- Fund size
- $10M
- 1Y return
- −0.9%
- Yield · Last 12 months
- 0.24%
- Holdings
- 50
- Volume · 30D
- 0M sh
- NAV per share
- $36.48
- 52W range
The ETF.net QOWZ Grade
Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 46Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 80Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 22Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 49Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 37Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 42Category rank
Our read on QOWZ
CMost growth funds rank stocks by how fast sales climb. QOWZ starts with cash, tracking a Nasdaq index that picks roughly 50 US companies on the free cash flow they actually generate. A quality filter wearing a growth label.
The Fund seeks to track, before fees and expenses, the Nasdaq US Free Cash Flow Achievers Index. It invests at least 90% of total assets in securities comprising that Index.
Why people hold it
- One rule, written down: track the Nasdaq US Free Cash Flow Achievers Index and keep at least 90% of assets in its components. No manager hunches.invesco.com
- Free cash flow is a hard number, not a story. Screening on it puts a quality test in front of the usual growth metrics.
- Concentrated by design at roughly 50 names, so the cash screen shows up in the portfolio instead of being diluted across hundreds of positions.
- Invesco launched it in December 2023 and billed it as a first-to-market strategy in its smart beta lineup. Distributions come quarterly.invesco.com
Worth knowing
- It charges 0.39% a year. Plain large-cap growth index funds like VUG and SCHG run 0.03% to 0.04%, so the screen carries a real cost to justify.
- One of the smaller, thinner-traded funds in the growth aisle, which can mean wider bid-ask spreads than the household-name trackers.
- Live only since late 2023, so its record is short next to the decades-old index funds sitting beside it on the shelf.
QOWZ Holdings
- Stocks
- 50
- 42%
- NVDA
Sectors
- Technology66.6%
- Health Care11.7%
- Industrials10.4%
- Financials5.5%
- Consumer Discr.3.2%
- Cons. Staples2.5%
Geography
- United States100.00%
QOWZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
QOWZ$9,915
Returns run to the Sep 22, 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.
| Period | QOWZ |
|---|---|
| Year to date | +2.2% |
| 1 month | −2.3% |
| 3 months | +10.4% |
| 1 year | −0.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QOWZ |
|---|---|---|
| 2026 YTD | +2.2% | |
| 2025 | +7.2% | |
| 2024 | +33.2% | |
| 2023 | +6.4% |
QOWZ in the news
QOWZ Dividends
- 0.24%
- $0.09
- $0.02 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.02 |
| Jun 22, 2026 | Jun 26, 2026 | $0.03 |
| Mar 23, 2026 | Mar 27, 2026 | $0.02 |
| Dec 22, 2025 | Dec 26, 2025 | $0.02 |
| Sep 22, 2025 | Sep 26, 2025 | $0.02 |
| Jun 23, 2025 | Jun 27, 2025 | $0.04 |
| Mar 24, 2025 | Mar 28, 2025 | $0.03 |
| Dec 23, 2024 | Dec 27, 2024 | $0.09 |
| Sep 23, 2024 | Sep 27, 2024 | $0.06 |
| Jun 24, 2024 | Jun 28, 2024 | $0.03 |
| Mar 18, 2024 | Mar 22, 2024 | $0.03 |
QOWZ Risk
- 14.2%
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.
- 0.88
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.
- −20.4%
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.
- 1.00
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QOWZ Cost
0.39%
QOWZ0.39%
- The middle half of US Quality Index funds
- Median 0.38%
14 of the 27 US Quality Index funds charge less.