The Invesco QQQ Trust (NASDAQ: QQQ) is a popular exchange-traded fund (ETF) that tracks the performance of the Nasdaq-100 index.
It currently has $460 billion in total assets and carries an expense ratio of 0.18%
The performance has been fantastic. If you’d invested $10,000 in the QQQ 10 years ago, here’s how much you’d have today. The QQQ has generated a total return of 558% in the last 10 years (as of July 21).
This impressive gain turned a $10,000 starting sum into almost $66,000 today. That’s a much better showing than the 305% total return of the S&P 500 index. It’s no surprise that this ETF’s strong performance is a direct result of the success of its top holdings, which are all dominant tech companies riding multiple secular trends.