Invesco QQQ Hedged Advantage ETF (QQHG) Valuation
QQHG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.4 trailing earnings
- Forward P/E
- 22.4 analyst estimates
- Price / sales
- 4.77
- Price / book
- 8.05
- EV / EBITDA
- 20.3
- Earnings yield
- 3.08% inverse of P/E
- Dividend yield
- 0.60% of the holdings
- Return on equity
- 24.8% combined
- Net margin
- 14.7% combined
- Beta
- 1.39 weighted, vs S&P 500
QQHG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QQHG | 32.4 | 22.4 | 4.77 | 8.05 | 0.60% | 24.8% | 14.7% | 8.1% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
QQHG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 53.4% | 35.9 | 22.3 | 8.29 | 11.22 | 0.36% | 31.3% |
| Communication Services | 10.7% | 20.0 | 19.2 | 5.06 | 4.76 | 0.70% | 23.8% |
| Consumer Cyclical | 10.3% | 32.5 | 30.7 | 4.14 | 7.81 | 0.37% | 24.0% |
| Industrials | 5.0% | 92.1 | 48.3 | 7.69 | 11.52 | 0.34% | 12.5% |
| Healthcare | 4.3% | 48.6 | 16.7 | 2.06 | 5.80 | 1.12% | 11.9% |
| Consumer Defensive | 4.0% | 22.4 | 18.0 | 0.93 | 6.26 | 2.11% | 27.9% |
| Financial Services | 1.4% | 28.2 | 22.8 | 8.61 | 7.52 | 0.67% | 26.7% |
| Utilities | 1.2% | 19.9 | 17.1 | 3.65 | 2.25 | 3.25% | 11.3% |
| Basic Materials | 1.1% | 23.9 | 18.1 | 5.02 | 6.16 | 1.87% | 25.8% |
| Real Estate | 0.9% | 61.3 | 53.8 | 11.93 | 3.35 | 2.11% | 5.5% |
| Energy | 0.8% | 19.9 | 10.6 | 1.25 | 3.12 | 1.82% | 15.7% |
QQHG earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How QQHG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QQHG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 8.21% | 27.1 | 24.9 | 17.1 | 0.47% | 10.59% |
| AAPL | Apple Inc. | 7.77% | 39.4 | 35.2 | 10.7 | 0.31% | 6.89% |
| MSFT | Microsoft Corporation | 6.44% | 29.5 | 25.1 | 11.8 | 0.74% | 7.64% |
| GOOG | Alphabet Inc. | 5.22% | 16.9 | 21.8 | 9.2 | 0.26% | 10.79% |
| AMZN | Amazon.com, Inc. | 4.25% | 20.1 | 23.6 | 3.5 | — | 7.39% |
| MU | Micron Technology, Inc. | 4.20% | 11.8 | 7.0 | 7.5 | 0.07% | 12.42% |
| AMD | Advanced Micro Devices, Inc. | 3.91% | 134.9 | 39.5 | 20.9 | — | 1.01% |
| META | Meta Platforms, Inc. | 3.22% | 26.7 | 22.1 | 7.9 | 0.30% | 4.21% |
| TSLA | Tesla, Inc. | 3.22% | 328.4 | 158.7 | 13.5 | — | 0.34% |
| AVGO | Broadcom Inc. | 2.71% | 43.3 | 19.4 | 17.6 | 0.79% | 2.19% |
| SPCX | Space Exploration Technologies Corp. | 2.68% | — | 200.0 | 83.5 | — | −0.41% |
| PLTR | Palantir Technologies Inc. | 2.12% | 160.4 | 85.5 | 72.6 | — | 0.46% |
| INTC | Intel Corporation | 2.06% | — | 63.3 | 8.3 | — | −1.70% |
| AMAT | Applied Materials, Inc. | 1.70% | 35.3 | 23.4 | 10.5 | 0.52% | 1.68% |
| MRVL | Marvell Technology, Inc. | 1.03% | 72.3 | 62.1 | 21.7 | 0.11% | 0.50% |
| KO | The Coca-Cola Company | 0.98% | 28.2 | 25.3 | 8.1 | 2.26% | 1.21% |
| CRM | Salesforce, Inc. | 0.62% | 22.0 | 14.0 | 4.5 | 0.73% | 0.99% |
| SO | The Southern Company | 0.51% | 22.0 | 17.0 | 3.5 | 3.33% | 0.81% |
| ABBV | AbbVie Inc. | 0.50% | 80.6 | 16.4 | 7.8 | 2.42% | 0.22% |
| V | Visa Inc. | 0.49% | 34.3 | 24.0 | 17.0 | 0.67% | 0.50% |
| TJX | The TJX Companies, Inc. | 0.47% | 27.3 | 24.9 | 2.6 | 1.30% | 0.60% |
| KEYS | Keysight Technologies, Inc. | 0.47% | 44.8 | 22.4 | 8.6 | — | 0.36% |
| WELL | Welltower Inc. | 0.45% | 105.3 | 78.1 | 13.3 | 1.45% | 0.15% |
| TGT | Target Corporation | 0.43% | 16.0 | 15.6 | 0.7 | 3.01% | 0.94% |
| ANET | Arista Networks, Inc. | 0.42% | 55.8 | 39.2 | 21.2 | — | 0.26% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About QQHG valuation
Adding up its 223 holdings with company data, QQHG trades at 32.4 times trailing earnings and 22.4 times analysts' forward estimates, with a price-to-book ratio of 8.05 and a dividend yield of 0.60%. Its earnings yield of 3.08% is 2.24 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 49.2% of the fund and earn 63.5% of its combined profit. By sector, Industrials is the most expensive at 92.1 times earnings and Energy the cheapest at 19.9. Companies that lost money over the past year are 8.1% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 99.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QQHG chart, QQHG performance, QQHG holdings, QQHG dividends.
QQHG valuation FAQ
What is the P/E ratio of QQHG?
Based on its holdings, QQHG has a trailing P/E of 32.4 and a forward P/E of 22.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QQHG?
The trailing earnings yield is 3.08% (1 ÷ P/E) and the forward earnings yield 4.45%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QQHG more expensive than the S&P 500?
QQHG trades at 32.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.4 and 19.9.
What is the price-to-book ratio of QQHG?
The holdings of QQHG trade at 8.05 times book value, with a combined return on equity of 24.8%.
Which sector in QQHG has the highest P/E?
Industrials has the highest P/E at 92.1 and Energy the lowest at 19.9.