Invesco NASDAQ Internet ETF (PNQI) Performance
PNQI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.5% since Dec 31, 2025
- 1 year
- −7.1% total return
- 5 years
- +0.9% a year
- 10 years
- +11.3% a year
- Since first price
- +13.7% a year since 2008
PNQI trailing returns vs SPY, QQQ, AGG
| Period | PNQI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.8% | +0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +12.5% | +12.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.9% | +6.9% | +7.8% | +8.4% | −1.5% |
| YTD | −4.5% | −4.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −7.1% | −7.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +70.7%+19.5%/yr | +70.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +4.6%+0.9%/yr | +4.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +191.9%+11.3%/yr | +191.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +628.7%+14.2%/yr | +628.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJun 13, 2008 | +951.9%+13.7%/yr | +949.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PNQI vs SPY
From Jun 13, 2008: PNQI grew to $105,189, SPY to $78,176.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PNQI returns by calendar year
12 of 17 full years positive. Best 2009 (+88.0%), worst 2022 (−47.9%). 2026 is year to date.
PNQI annual returns table
| Year | PNQI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.5% | −21.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.6% | −23.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +29.4% | −11.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +60.7% | −13.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −47.9% | −51.2% | −18.2% | −32.6% | −13.0% |
| 2021 | −5.6% | −20.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +61.4% | −28.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +28.8% | −13.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −5.1% | −29.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +40.0% | −6.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +3.0% | −18.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +19.6% | −15.1% | +1.2% | +9.4% | +0.5% |
| 2014 | −2.0% | −20.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +65.2% | −7.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +20.1% | −13.2% | +16.0% | +18.1% | +3.8% |
| 2011 | −0.4% | −26.1% | +1.9% | +3.4% | +7.7% |
| 2010 | +34.2% | −15.2% | +15.1% | +19.9% | +6.4% |
| 2009 | +88.0% | −16.6% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PNQI largest drawdowns
Now 9.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 16, 2021 | −59.7% | Nov 9, 2022 | Jul 18, 2025 | 1.7 years | 4.4 years |
| Jun 17, 2008 | −58.6% | Nov 21, 2008 | Nov 16, 2009 | 5 months | 1.4 years |
| Jun 20, 2018 | −29.9% | Dec 24, 2018 | Jan 8, 2020 | 6 months | 1.6 years |
| Feb 19, 2020 | −28.9% | Mar 16, 2020 | May 18, 2020 | 26 days | 3 months |
| Apr 29, 2011 | −26.1% | Oct 3, 2011 | Mar 26, 2012 | 5 months | 11 months |
| Sep 19, 2025 | −24.8% | Mar 27, 2026 | not yet | 6 months | 1.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PNQI risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +18.3% | +1.2% | +11.2% | +14.2% |
| Volatility (annualized) | 18.8% | 24.0% | 22.3% | 23.0% |
| Sharpe ratio | 0.76 | 0.02 | 0.49 | 0.64 |
| Sortino ratio | 1.32 | 0.03 | 0.78 | 1.00 |
| Best month | +14.7% | +19.4% | +19.4% | +19.4% |
| Worst month | −8.3% | −17.3% | −17.3% | −29.7% |
| Best 12 months | +45.2% | +60.7% | +83.5% | +95.5% |
| Worst 12 months | −12.7% | −53.4% | −53.4% | −53.4% |
| Positive months | 61% | 52% | 57% | 60% |
| Beta vs S&P 500 | 1.22 | 1.24 | 1.16 | — |
| Correlation with S&P 500 | 0.81 | 0.81 | 0.80 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PNQI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 209 | −53.4% | +21.8% | +95.5% | 80% |
| 3-year (a year) | 185 | −9.9% | +19.1% | +43.2% | 84% |
| 5-year (a year) | 161 | −2.3% | +16.1% | +39.8% | 96% |
| 10-year (a year) | 101 | +9.1% | +13.5% | +26.0% | 100% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
PNQI performance overview
Invesco NASDAQ Internet ETF (PNQI) returned −7.1% over the past year and +11.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +13.7% a year, turning $10,000 into about $105,189. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −59.7%, from Feb 16, 2021 to Nov 9, 2022, and it took 2.7 years to get back to the old high. PNQI finished 12 of its 17 full calendar years with a gain; the best year was 2009 (+88.0%) and the worst 2022 (−47.9%). Volatility has been 23.0% a year.
Related: PNQI chart, PNQI holdings, PNQI valuation. See the PNQI overview for the latest quote and fund facts.
PNQI performance FAQ
What is the PNQI return over the past year?
PNQI returned −7.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.1%.
What is the average annual return of PNQI?
PNQI has returned +0.9% a year over 5 years, +11.3% a year over 10 years, +13.7% a year since June 13, 2008 (total return, distributions reinvested).
How much would $10,000 invested in PNQI be worth?
$10,000 invested in PNQI at its first recorded close on June 13, 2008 would be worth about $105,189 on October 23, 2026 with distributions reinvested.
What was the worst year for PNQI?
The worst calendar year was 2022, with a total return of −47.9%. The best was 2009 at +88.0%.
What is the biggest drawdown of PNQI?
The largest peak-to-trough decline was −59.7% between February 16, 2021 and November 9, 2022. It recovered to the old high on July 18, 2025, 2.7 years after the bottom.
How volatile is PNQI?
Over the past 3 years PNQI had an annualized volatility of 18.8% and a Sharpe ratio of 0.76 (excess return over 1–3 month T-bills per unit of risk).