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Launched

Invesco NASDAQ Future Gen 200 ETF

QQQSNasdaqInvescoD

$38.61−0.83 (−2.09%)

As of Nov 10, 2026, 11:00 AM ET

D35/ 100

Rank 17 of 17 in US Small-Cap

D35/100Rank 17 of 17inUS Small-Cap
Intraday session: down, 19 prints from 39.43 to 38.61. Range 38.61 to 39.28. Use the arrow keys to read each point.38.8039.0039.2010 AM12 PM2 PM4 PM
Expense ratio
0.20%
Fund size
$20M
1Y total return
+22.0%
Yield · Last 12 months
1.89%
Holdings
203
Avg volume · 30D
6.22K sh
52W range
low $31.17high $45.44
Launched

The ETF.net QQQS Grade

Based on 5 of 6 pillars

D

Score 35 out of 100

Category
US Small-Cap⁠
Rank
17 of 17
Six-pillar profile for QQQS. Scores out of 100: Cost 47, Risk 15, Mission not scored, Tradability 44, Holdings 29, Durability 21. Strongest: Cost (47). Weakest: Risk (15). Based on 5 of 6 pillars.

Score 35 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.
    C47 out of 100
    Rank 9 of 17

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F15 out of 100
    Rank 17 of 17

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 10 of 17

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D29 out of 100
    Rank 15 of 17

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F21 out of 100
    Rank 14 of 17

Our read on QQQS

ETF.net Research

In short

DInvesco's "future gen" swing: a rules-based basket of roughly 200 Nasdaq-listed innovators for 0.20% a year. Young (2022 launch), small, and lightly traded, so the order screen matters as much as the thesis.

Stated mandate

The Fund seeks to track, before fees and expenses, the investment results of the Nasdaq Innovators Completion Cap Index. It invests at least 90% of total assets in securities comprising that index.

Why people hold it

  • Costs 0.20% a year, below the typical US factor fund and undercutting peers like SUSA (0.25%) and DXUV (0.28%).
  • Purely rules-driven: at least 90% of assets sit in the Nasdaq Innovators Completion Cap Index. You own the index, not a manager's hunches.invesco.com
  • Roughly 200 holdings make for one of the better-spread portfolios in its factor peer group, rather than a handful of names carrying the load.
  • Distributions land on a quarterly schedule.

Worth knowing

  • A small fund that trades thinly. Spreads can be wide, so limit orders and a little patience do real work here.
  • Up-and-coming innovators swing harder than blue chips. This has been one of the bumpier rides among US factor funds.
  • Launched in 2022, so the record is short, and small, young funds face more closure risk than entrenched giants.

QQQS Performance

Launched Oct 13, 2022

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.
QQQS$12,201
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. QQQS $12,201. SPY $11,339. Use the arrow keys to read each point.$10,000$12,000$14,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 QQQS. Periods over one year show the average yearly return.
PeriodQQQS
Year to date+16.0%
1 month−6.4%
3 months−11.1%
1 year+22.0%
3 yearsper year+26.7%
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 QQQS
YearReturn barQQQS
2026 YTD+16.0%
2025+23.0%
2024+10.2%
2023−1.9%
2022+6.6%

Since listing, Oct 13, 2022

QQQS in the news

QQQS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
1.89%Last 12 months
Payout per share
$0.74Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 15 payments from 2022 to 2026 YTD. Dec 19, 2022 $0.01; Mar 20, 2023 $0.08; Jun 20, 2023 $0.04; Sep 18, 2023 $0.03; Dec 18, 2023 $0.04; Mar 18, 2024 $0.07; Sep 23, 2024 $0.11; Dec 23, 2024 $0.05; Mar 24, 2025 $0.06; Jun 23, 2025 $0.09; Sep 22, 2025 $0.40; Dec 22, 2025 $0.63; Mar 23, 2026 $0.06; Jun 22, 2026 $0.03; Sep 21, 2026 $0.02. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.02
Jun 22, 2026Jun 26, 2026$0.03
Mar 23, 2026Mar 27, 2026$0.06
Dec 22, 2025Dec 26, 2025$0.63
Sep 22, 2025Sep 26, 2025$0.40
Jun 23, 2025Jun 27, 2025$0.09
Mar 24, 2025Mar 28, 2025$0.06
Dec 23, 2024Dec 27, 2024$0.05
Sep 23, 2024Sep 27, 2024$0.11
Mar 18, 2024Mar 22, 2024$0.07
Dec 18, 2023Dec 22, 2023$0.04
Sep 18, 2023Sep 22, 2023$0.03

See all 15 payments⁠

$10,000 in QQQS 3 years ago paid $763 in dividends.⁠

QQQS Risk

Risk pillarF15 out of 100Rank 17 of 17 in US Small-Cap
How much the fund’s monthly returns vary, scaled to a year.
26.2%
Annualised · 36 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.
0.87
vs 3-month T-bills · 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.
−38.1%
48 months · trough Oct 2023
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.
1.58
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.

QQQS Cost

Compare QQQS and VB

Overpaying vs VB, tied cheapest in US Small-Cap

$3,517

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

  • QQQS 0.20%

    $4,155

  • VB 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • QQQS 0.20%
  • VB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530QQQS $4,155VB $638

Year by year

YearQQQSVBOverpaying
10$365$55$310
20$1,421$216$1,205
30$4,155$638$3,517

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