Invesco NASDAQ 100 ETF (QQQM) Performance
QQQM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.1% since Dec 31, 2025
- 1 year
- +15.9% total return
- 5 years
- +14.3% a year
- Since first price
- +16.3% a year since 2020
QQQM trailing returns vs SPY, QQQ, AGG
| Period | QQQM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.9% | −4.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.9% | +1.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.4% | +8.1% | +7.8% | +8.4% | −1.5% |
| YTD | +15.1% | +14.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.9% | +15.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +101.8%+26.4%/yr | +98.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +94.7%+14.3%/yr | +88.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 13, 2020 | +148.6%+16.3%/yr | +139.6% | — | — | — |
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: QQQM vs SPY
From Oct 13, 2020: QQQM grew to $24,859, SPY to $23,534.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QQQM returns by calendar year
4 of 5 full years positive. Best 2023 (+55.0%), worst 2022 (−32.5%). 2026 is year to date.
QQQM annual returns table
| Year | QQQM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.1% | −11.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.9% | −22.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +25.7% | −13.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +55.0% | −10.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −32.5% | −34.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +27.4% | −10.9% | +28.7% | +27.4% | −1.8% |
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.
QQQM largest drawdowns
Now 7.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 19, 2021 | −35.0% | Nov 3, 2022 | Dec 12, 2023 | 11 months | 2.1 years |
| Feb 19, 2025 | −22.7% | Apr 8, 2025 | Jun 24, 2025 | 48 days | 4 months |
| Jul 10, 2024 | −13.6% | Aug 7, 2024 | Nov 6, 2024 | 28 days | 4 months |
| Oct 29, 2025 | −12.0% | Mar 30, 2026 | Apr 15, 2026 | 5 months | 6 months |
| Jun 2, 2026 | −11.2% | Jul 29, 2026 | Sep 22, 2026 | 57 days | 4 months |
| Feb 12, 2021 | −10.9% | Mar 8, 2021 | Apr 9, 2021 | 24 days | 56 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QQQM risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +28.1% | +16.4% | +19.4% |
| Volatility (annualized) | 17.2% | 20.9% | 20.1% |
| Sharpe ratio | 1.28 | 0.67 | 0.84 |
| Sortino ratio | 2.76 | 1.08 | 1.40 |
| Best month | +15.7% | +15.7% | +15.7% |
| Worst month | −7.6% | −13.4% | −13.4% |
| Best 12 months | +43.0% | +55.0% | +55.0% |
| Worst 12 months | +6.3% | −32.5% | −32.5% |
| Positive months | 67% | 62% | 65% |
| Beta vs S&P 500 | 1.26 | 1.22 | — |
| Correlation with S&P 500 | 0.91 | 0.92 | — |
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.
QQQM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 61 | −32.5% | +22.6% | +55.0% | 80% |
| 3-year (a year) | 37 | +8.6% | +15.8% | +33.0% | 100% |
| 5-year (a year) | 13 | +13.3% | +15.4% | +19.3% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
QQQM performance overview
Invesco NASDAQ 100 ETF (QQQM) returned +15.9% over the past year and +14.3% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +16.3% a year, turning $10,000 into about $24,859. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −35.0%, from Nov 19, 2021 to Nov 3, 2022, and it took 1.1 years to get back to the old high. QQQM finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+55.0%) and the worst 2022 (−32.5%). Volatility has been 20.1% a year.
Related: QQQM chart, QQQM holdings, QQQM dividends, QQQM valuation. See the QQQM overview for the latest quote and fund facts.
QQQM performance FAQ
What is the QQQM return over the past year?
QQQM returned +15.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 15.4%.
What is the average annual return of QQQM?
QQQM has returned +14.3% a year over 5 years, +16.3% a year since October 13, 2020 (total return, distributions reinvested).
How much would $10,000 invested in QQQM be worth?
$10,000 invested in QQQM at its first recorded close on October 13, 2020 would be worth about $24,859 on October 23, 2026 with distributions reinvested.
What was the worst year for QQQM?
The worst calendar year was 2022, with a total return of −32.5%. The best was 2023 at +55.0%.
What is the biggest drawdown of QQQM?
The largest peak-to-trough decline was −35.0% between November 19, 2021 and November 3, 2022. It recovered to the old high on December 12, 2023, 1.1 years after the bottom.
How volatile is QQQM?
Over the past 3 years QQQM had an annualized volatility of 17.2% and a Sharpe ratio of 1.28 (excess return over 1–3 month T-bills per unit of risk).