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Invesco QQQ Trust (QQQ)
Look-through valuation · US market · Expense ratio 0.18 % · ISIN US46090E1038
Price history (since 1999)
Monthly close since 1999. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| NVIDIA Corporation NVDA | 8.7 % | −54.5 % | 74 |
| Apple Inc. AAPL | 7.3 % | −46.1 % | 82 |
| Microsoft Corporation MSFT | 5.9 % | −25.8 % | 66 |
| Micron Technology Inc MU | 4.6 % | −84.1 % | 74 |
| Amazon.com Inc AMZN | 4.4 % | −52.1 % | 54 |
| Advanced Micro Devices Inc AMD | 3.4 % | −88.2 % | 75 |
| Alphabet Inc Class A GOOGL | 3.1 % | n/a | n/a |
| Alphabet Inc Class C GOOG | 2.9 % | −57.7 % | 70 |
| Tesla Inc TSLA | 2.8 % | −93.6 % | 37 |
| Broadcom Inc AVGO | 2.8 % | −67.9 % | 70 |
| Meta Platforms Inc. META | 2.7 % | −7.5 % | 68 |
| Walmart Inc. WMT | 2.2 % | −53.6 % | 63 |
| Intel Corporation INTC | 2.0 % | −32.7 % | 38 |
| Cisco Systems Inc CSCO | 1.9 % | −26.9 % | 74 |
| Palantir Technologies Inc. PLTR | 1.9 % | −93.6 % | 70 |
| Costco Wholesale Corp COST | 1.8 % | −59.4 % | 67 |
| Lam Research Corp LRCX | 1.7 % | −69.6 % | 87 |
| Applied Materials Inc AMAT | 1.7 % | −60.3 % | 77 |
| Netflix Inc NFLX | 1.5 % | −39.6 % | 87 |
| Palo Alto Networks Inc PANW | 1.4 % | −90.2 % | 57 |
| Space Exploration Technologies Corp. Class A Common Stock SPCX | 1.2 % | n/a | n/a |
| Texas Instruments Incorporated TXN | 1.1 % | −69.6 % | 68 |
| KLA Corporation KLAC | 1.0 % | −57.5 % | 82 |
| Amgen Inc AMGN | 1.0 % | −41.7 % | 63 |
| Crowdstrike Holdings Inc CRWD | 1.0 % | −90.4 % | 49 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +65.3 % below FV
- 2 FXI iShares China Large-Cap ETF +52.1 % below FV
- 3 CHIQ Global X MSCI China Consumer Disc ETF +50.4 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +39.3 % below FV
- 5 FLCH Franklin FTSE China ETF +34.7 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +30.7 % below FV
- 7 MCHI iShares MSCI China ETF +26.5 % below FV
- 8 TAN Invesco Solar ETF +14.6 % below FV
- 9 ITB iShares U.S. Home Construction ETF +12.9 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +7.8 % below FV
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Invesco QQQ Trust an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Aug 31, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.