Invesco QQQ Trust (QQQ) review

Invesco QQQ is on this list because many investors ask whether it can be a core fund, and the honest answer is that it works better as a satellite. Invesco says QQQ gives access to 100 companies in the Nasdaq-100 Index and lists a total expense ratio of 0.18%. Its record is strong: Invesco cites a top 1% ranking (3 of 399) among large-cap growth funds for 15-year total return by Lipper and a 5-star Morningstar rating among 877 large-cap growth funds, both as of June 30, 2026, and says it was the 2nd-most traded ETF in the US by average daily volume. But 100 stocks is a narrow slice of the market compared with VTI's 3,519, and the cost is six times VOO's. Past performance from a growth-heavy index may not repeat. We rank it ninth: a reasonable addition for investors who want more growth exposure, not a replacement for a broad index fund.

Who it is for

investors adding a growth tilt on top of a core fund

Price

0.18% total expense ratio per year, about $18 per $10,000 invested.

Invesco QQQ’s total expense ratio is 0.18%.
Quoted from the vendor pricing page on November 13, 2026.

Key features

• Tracks the Nasdaq-100 Index of 100 companies
• Inception date of March 10, 1999
• Named the 2nd-most traded ETF in the US by average daily volume as of June 30, 2026
• 5-star Morningstar rating (10-year, risk-adjusted) among 877 large-cap growth funds as of June 30, 2026
• Can be bought one share at a time, or fractionally at some brokers

Strengths and weaknesses

• Strength: Ranked in the top 1% (3 of 399) of large-cap growth funds for 15-year total return by Lipper, as of June 30, 2026
• Strength: Very heavy trading volume
• Strength: Over 25 years of history since 1999
• Weakness: Holds only 100 companies, so it is far less diversified than a total market fund
• Weakness: 0.18% costs six times VOO
• Weakness: Not a full core holding on its own for most long-term investors

Key facts

• Expense ratio: 0.18%
• Index: Nasdaq-100 Index
• Holdings: 100 companies
• Inception: March 10, 1999

Where it ranks

Invesco QQQ Trust (QQQ) is No. 9 in our Best Index Funds verdict.