Invesco QQQ Low Volatility ETF (QQLV) Valuation
QQLV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.4 trailing earnings
- Forward P/E
- 21.3 analyst estimates
- Price / sales
- 3.04
- Price / book
- 4.85
- EV / EBITDA
- 16.8
- Earnings yield
- 3.65% inverse of P/E
- Dividend yield
- 1.83% of the holdings
- Return on equity
- 17.7% combined
- Net margin
- 11.1% combined
- Beta
- 0.68 weighted, vs S&P 500
QQLV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| QQLV | 27.4 | 21.3 | 3.04 | 4.85 | 1.83% | 17.7% | 11.1% | 3.9% |
| 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.
QQLV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Defensive | 24.7% | 30.0 | 21.4 | 1.91 | 4.62 | 1.99% | 15.4% |
| Industrials | 22.1% | 20.8 | 24.6 | 3.66 | 6.04 | 1.34% | 29.0% |
| Utilities | 14.9% | 19.4 | 15.6 | 2.53 | 1.74 | 3.30% | 9.0% |
| Consumer Cyclical | 14.2% | 35.1 | 26.6 | 4.19 | 37.50 | 0.95% | 106.8% |
| Technology | 7.6% | 32.0 | 27.5 | 7.16 | 26.26 | 1.27% | 82.1% |
| Healthcare | 6.9% | 106.6 | 16.1 | 6.25 | 17.24 | 2.21% | 16.2% |
| Basic Materials | 5.0% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
QQLV 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 QQLV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
QQLV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AEP | American Electric Power Company, Inc. | 5.18% | 22.0 | 17.2 | 3.0 | 2.99% | 6.99% |
| XEL | Xcel Energy Inc. | 5.03% | 20.9 | 16.0 | 3.3 | 3.11% | 7.15% |
| LIN | Linde plc | 5.00% | 32.2 | 23.6 | 6.5 | 1.28% | 4.62% |
| COST | Costco Wholesale Corporation | 4.97% | 47.6 | 40.3 | 1.4 | 0.59% | 3.10% |
| EXC | Exelon Corporation | 4.68% | 16.0 | 13.7 | 1.8 | 3.86% | 8.69% |
| CTAS | Cintas Corporation | 4.56% | 42.1 | 36.2 | 7.3 | 0.97% | 3.21% |
| PEP | PepsiCo, Inc. | 4.40% | 16.5 | 14.9 | 1.8 | 4.50% | 7.91% |
| CSX | CSX Corporation | 4.24% | 28.3 | 21.2 | 6.2 | 1.15% | 4.45% |
| CCE | Coca-Cola European Partners plc | 4.18% | — | — | — | — | — |
| WMT | Walmart Inc. | 4.08% | 43.0 | 38.0 | 1.3 | 0.83% | 2.81% |
| MAR | Marriott International, Inc. | 4.05% | 40.1 | 26.5 | 13.7 | 0.75% | 3.00% |
| AAPL | Apple Inc. | 4.02% | 39.4 | 35.2 | 10.7 | 0.31% | 3.03% |
| FAST | Fastenal Company | 3.99% | 41.5 | 37.5 | 6.4 | 2.04% | 2.86% |
| MDLZ | Mondelez International, Inc. | 3.90% | 23.5 | 18.2 | 2.1 | 3.25% | 4.93% |
| KDP | Keurig Dr Pepper Inc. | 3.84% | 35.0 | 12.5 | 2.3 | 2.66% | 3.26% |
| ORLY | O'Reilly Automotive, Inc. | 3.71% | 28.3 | 23.4 | 3.9 | — | 3.89% |
| ADP | Automatic Data Processing, Inc. | 3.58% | 26.4 | 22.0 | 5.2 | 2.35% | 4.03% |
| GILD | Gilead Sciences, Inc. | 3.57% | — | 15.6 | 6.4 | 2.10% | −1.80% |
| MNST | Monster Beverage Corporation | 3.48% | 42.3 | 33.7 | 9.7 | — | 2.44% |
| HON | Honeywell International Inc. | 3.43% | 7.8 | 22.2 | 1.8 | 1.32% | 13.06% |
| ROST | Ross Stores, Inc. | 3.38% | 28.6 | 27.4 | 3.1 | 0.75% | 3.50% |
| AMGN | Amgen Inc. | 3.37% | 26.9 | 16.7 | 6.1 | 2.33% | 3.73% |
| FER | Ferrovial S.A. | 3.15% | — | — | — | — | — |
| SBUX | Starbucks Corporation | 3.04% | 56.4 | 30.9 | 2.9 | 2.58% | 1.60% |
| PCAR | PACCAR Inc | 2.78% | 23.3 | 15.1 | 2.1 | 1.26% | 3.53% |
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 QQLV valuation
Adding up its 23 holdings with company data, QQLV trades at 27.4 times trailing earnings and 21.3 times analysts' forward estimates, with a price-to-book ratio of 4.85 and a dividend yield of 1.83%. Its earnings yield of 3.65% is 1.68 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 46.3% of the fund and earn 51.9% of its combined profit. By sector, Healthcare is the most expensive at 106.6 times earnings and Utilities the cheapest at 19.4. Companies that lost money over the past year are 3.9% 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 92.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: QQLV chart, QQLV performance, QQLV holdings, QQLV dividends.
QQLV valuation FAQ
What is the P/E ratio of QQLV?
Based on its holdings, QQLV has a trailing P/E of 27.4 and a forward P/E of 21.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of QQLV?
The trailing earnings yield is 3.65% (1 ÷ P/E) and the forward earnings yield 4.70%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is QQLV more expensive than the S&P 500?
QQLV trades at 27.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.3 and 19.9.
What is the price-to-book ratio of QQLV?
The holdings of QQLV trade at 4.85 times book value, with a combined return on equity of 17.7%.
Which sector in QQLV has the highest P/E?
Healthcare has the highest P/E at 106.6 and Utilities the lowest at 19.4.