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Invesco QQQ Trust (QQQ) — chart, structure and Closelooknet read

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The desk on QQQ

What this diary said about Invesco QQQ Trust, what it holds and what would change its view — in its own words, dated. Investment diary, not advice.

What we said

Charts from the desk on QQQ

The charts this diary drew or picked on Invesco QQQ Trust, as published — each dated and linked to the piece that explains it.

Signals for this name

Every Closelooknet reading that exists for QQQ, from the same nightly bakes the boards use. Research diary readings, not advice.

Tracking difference

The fund against its index · total return

−0.27 pp a year, 3-year annualised — Invesco QQQ Trust returned +28.16% against +28.43% for the Nasdaq-100 Total Return, with a published expense ratio of 0.18%.

WindowFundIndexTracking differenceExpense ratio
1 year +26.05% +26.28% −0.23 pp 0.18%
3 years +28.16% +28.43% −0.27 pp 0.18%
5 years +15.48% +15.72% −0.23 pp 0.18%
10 years +21.02% +21.27% −0.25 pp 0.18%
Since data begins (27.6 y) +10.90% +11.14% −0.24 pp 0.18%
Calendar yearFundIndexTracking difference
2026 ytd +21.61% +21.80% −0.19 pp
2025 +20.77% +21.02% −0.25 pp
2024 +25.58% +25.88% −0.31 pp
2023 +54.86% +55.13% −0.27 pp
2022 −32.58% −32.38% −0.20 pp
2021 +27.42% +27.51% −0.09 pp
2020 +48.62% +48.88% −0.25 pp
2019 +38.96% +39.46% −0.50 pp

Tracking difference = fund total return − index total return, both in USD, 10 Mar 1999 to 25 Sept 2026. Fund = dividend-adjusted close with every distribution reinvested, after every cost inside the fund and including lending income; index = Nasdaq-100 Total Return (total return). Negative means the fund delivered less than its index. Windows annualised; calendar years close to close. Exchange price, not net asset value, so a year-end premium or discount can move a single year by a few basis points. definition · how to read it · descriptive, not advice.

Buying from Europe — UCITS versions of QQQ

EU / EEA investors · UCITS funds

Investors in the EU and the EEA usually cannot buy Invesco QQQ Trust itself: US-listed funds publish no key information document, which EU rules require. These European-domiciled funds follow the Nasdaq-100 instead.

FundIndexDividendsDomicileXetra (EUR)Londonvs QQQ, since
iShares NASDAQ 100 UCITS ETFIE00B53SZB19 Same index Accumulating Ireland SXRV CNDX · USD −0.19 pp (12 y)
Xtrackers NASDAQ 100 UCITS ETF 1CIE00BMFKG444 Same index Accumulating Ireland XNAS XNAS · USD +0.44 pp (4 y)
Invesco EQQQ NASDAQ-100 UCITS ETF (Acc)IE00BFZXGZ54 Same index Accumulating Ireland EQQB — —
Invesco EQQQ NASDAQ-100 UCITS ETF (Dist)IE0032077012 Same index Distributing Ireland EQQQ EQQU · USD −0.76 pp (12 y)

Physically replicating Irish-domiciled funds pay 15% withholding tax on US dividends under the US–Ireland tax treaty; funds domiciled in Luxembourg usually pay 30% — a structural difference that shows up in the tracking difference of funds holding US shares. "Same index family" means the European fund may cap its largest holdings harder than the US fund, as EU fund rules require, so the two can diverge when one heavyweight runs. “vs QQQ, since” = the UCITS fund’s dollar line in London against QQQ, total return, percentage points a year since the common start — positive means the European version returned more. Listings verified against the vendor's symbol list by ticker and ISIN. All UCITS versions · descriptive, not advice.

Mentioned on Closelooknet 118 pieces · newest: Morning 10, “Memory — Samsung and SK Hynix drop 4% as Seoul reopens, storage follows; Nasdaq futures slip” (2026-09-28)

Mentioned on Closelooknet

Where QQQ appears in the diary — 118 pieces, newest first. Every link is our own writing.

Go deeper

Long reads

101 and glossary

Dailies

Weather around the name 4 macro readings: Money Temperature, Factor regime, Region breadth …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 55/100 · S&P 500 fund at 55, bullish alignedEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-28
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 98th percentile of the window, +8.7% over 20 sessions. Factor regime → 2026-09-28
  • Region breadth US: 4 of 11 sectors up on the month · leading Technology +3.3%, lagging Utilities −8.4%The Sector Engine column for the market this fund tracks — how many of its eleven sectors are rising and which ones lead, the internals behind the fund's own move. Sector Engine → 2026-09-28
  • Sovereign pressure Index 0.61 · up 0.29 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-25
How it trades on rate days beta 0.47 to TLT · on the worst bond days it moved with the market

How it trades on rate days

How QQQ has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 0.47 — tends to move with bonds for every 1% move in TLT (20+ year Treasuries), Invesco QQQ Trust moved 0.47% on average · correlation 0.22 · higher than 49% of US names
  • Beta, last 3 months 0.70 more rate-sensitive lately than over the year
  • On the 10 worst bond days −0.81% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −0.01% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Who it is priced against Nasdaq 100 funds and near relatives · 4 names with week and year-to-date

Peer group

Nasdaq 100 funds and near relatives

Curated competitor set — who the market prices this name against, not just who shares its sector.

Compared against QQQ on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Dividends and capital return trailing yield 0.42%, quarterly · last 0.75 USD on 2026-09-21

Dividends and capital return

What QQQ pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 3.09 USD per share · a 0.42% yield on the 2026-09-25 close 4 distributions, paid quarterly 2026-09-25
  • Change on the year +9.1% against the prior twelve months prior twelve months 2.84 USD per share
  • Last distribution 0.75 USD per share as the price series records it, within days of the ex-date 2026-09-21
  • By calendar year 2023: 0.81 USD (partial) · 2024: 2.85 USD · 2025: 2.79 USD · 2026: 2.30 USD to date first distribution recorded in the three-year window: 2023-12-18

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

About Invesco QQQ Trust

Invesco QQQ Trust (QQQ) is an exchange-traded fund that trades on US exchanges. Closelooknet tracks it as a benchmark: the dailies and the sector dispersion board quote it as a market reference, and the holdings card above matches its largest positions against the names with a Closelooknet page. It is a constituent of Closelooknet benchmark ETF set.

closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

FAQ · from the current data · as of 2026-09-26

Quick answers

What is Invesco QQQ Trust (QQQ)?

Invesco QQQ Trust is an exchange-traded fund trading as QQQ on the US exchange (US) and is one of the benchmark ETFs Closelooknet tracks as a market reference, as of the registry build of 2026-09-26.

How does Closelooknet use QQQ?

As a benchmark: the daily editions, the sector dispersion board and the index dashboards quote Invesco QQQ Trust as a market reference, and this page matches the fund's largest holdings against the names Closelooknet covers so a reader can move from the fund to the companies inside it.

Where does QQQ trade against its moving averages?

Uptrend stack intact: Trades +4.5% vs the 50-day and +11.9% vs the 200-day average, 0.6% below the 52-week high and +34% off the 52-week low. Computed from daily closes. As of 2026-09-25 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How does Invesco QQQ Trust trade when bond yields rise?

Over the past year Invesco QQQ Trust had a beta of 0.47 to TLT, the long-dated Treasury fund — it tends to move with bonds, higher than 49% of US names. On the 10 sessions in which long bonds fell most it moved −0.81% on average, against −0.74% for the S&P 500. The "How it trades on rate days" block on this page carries the lines.

Where has Closelooknet written about Invesco QQQ Trust?

Invesco QQQ Trust appears in 118 Closelooknet pieces, most recently Morning 10: Memory — Samsung and SK Hynix drop 4% as Seoul reopens, storage follows; Nasdaq futures slip (2026-09-28); Chart Pick: The AI software company whose sales grew 93% while its stock fell by half: back within 7% of its record after breaking a two-month range — at 83 times next year's earnings (2026-09-25); Morning 10: Rates — the 30-year hits its highest since 2004; Oracle and Arm sold, Meta and Intel bought, Nasdaq ends flat (2026-09-25). What Closelooknet said most recently: The Nasdaq-100 fund QQQ gained 3.19% and the S&P 500 fund SPY 1.27%, while small caps (IWM) lost 0.75%. (Morning 10, 2026-09-28). The "Mentioned on Closelooknet" block on this page lists the long reads, the reference entries and the dailies that name it.

What is the tracking difference of Invesco QQQ Trust?

−0.27 percentage points a year over the last three years, annualised: Invesco QQQ Trust returned +28.16% against +28.43% for the Nasdaq-100 Total Return against a published expense ratio of 0.18%. Tracking difference is the fund’s total return minus its index’s total return; negative means the fund delivered less than the index. The “Tracking difference” block on this page carries the calendar years.

Does Invesco QQQ Trust pay a dividend?

Invesco QQQ Trust has paid 3.09 USD per share over the last twelve months, paid quarterly, a trailing yield of 0.42% on the 2026-09-25 close; the last distribution recorded in the price series was 0.75 USD on 2026-09-21. The "Dividends and capital return" block on this page carries the lines.

What does this page show?

A live price chart with SMA overlays and drawing tools for QQQ, fund basics and the top holdings by weight with the Closelooknet names among them marked, the technical state where the data exists, and the research diary mentions — an investment research diary view, not investment advice.