ETF Evaluator:
Invesco Top QQQ ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Growth Over the Last Year
| 58.0% | ProShares Nasdaq-100 Drsy Wght Momt ETF (QQQA) |
| 49.0% | F/m Emerald Special Situations ETF (SPIT) |
| 45.1% | Grizzle Growth ETF (DARP) |
| 41.9% | MarketDesk Focused U.S. Momentum ETF (FMTM) |
| 34.1% | US Vegan Climate ETF (VEGN) |
Risk
Index
Risk
Index
ETF Details
Invesco Top QQQ ETF Overview
Invesco Top QQQ ETF (QBIG) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). Invesco launched the ETF in 2024.
The investment seeks total return through long-term growth of capital.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective through exposure to the top companies in the Nasdaq-100 Index® (the “Nasdaq-100®”), as represented in the Nasdaq-100® Mega Index (the “Index”). The Nasdaq-100® consists of securities of 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market LLC based on market capitalization. The fund is non-diversified.
About Invesco Top QQQ ETF (QBIG)
There are 4 members of the management team with an average tenure of 1.65 years: Peter Hubbard (2024), Theodore Samulowitz (2024), David Hemming (2024) and Dave Sahota (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: NASDAQ Composite TR USD index with a weighting of 100% and Nasdaq 100 Mega GR USD index with a weighting of 100%. Invesco Top QQQ ETF has 19 securities in its portfolio. The top 10 holdings constitute 176.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco Top QQQ ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Invesco Top QQQ ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 36.8% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Top QQQ ETF has 53.5% of the portfolio in cash.
Assets Under Management
The fund has $33 million in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
QBIG Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Top QQQ ETF expense ratio is below average compared to funds in the Large Growth category. Invesco Top QQQ ETF has an expense ratio of 0.29%, which is 41% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Top QQQ ETF has a portfolio turnover rate of 106%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of July 2026, Invesco Top QQQ ETF returned 3.1%, which earned it a grade of A, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco Top QQQ ETF has a trailing yield of 0.00%, which is below the 0.53% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Top QQQ ETF Grades
Year to date, the ETF has returned 4.5%, 1.7 percentage points worse than the category, which translates into a grade of C. The fund has returned 15.5% over the past year (grade of C).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Invesco Top QQQ ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
QBIG Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| QBIG Return (NAV) | 3.1% | 0.7% | 15.5% | na | na | na |
| QBIG Return (Price) | 3.3% | 1.0% | 15.7% | na | na | na |
| NAV +/- Price Return | -0.131% | -0.324% | -0.257% | na | na | na |
| Large Growth Avg | -3.8% | 2.7% | 13.0% | 19.6% | 9.9% | 15.8% |
| QBIG Grade (NAV) | A | D | C | na | na | na |
| +/- Category (NAV) | 6.9% | -2.0% | 2.5% | na | na | na |
| QBIG Tax-Cost Ratio | na | na | 0.0% | na | na | na |
QBIG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QBIG Return (NAV) | 4.5% | 21.5% | na | na | na | na | na | na | na | na | na |
| QBIG Return (Price) | 4.6% | 21.5% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.033% | -0.003% | na | na | na | na | na | na | na | na | na |
| Large Growth Avg | 6.2% | 16.9% | 30.5% | 38.6% | -30.7% | 21.6% | 37.2% | 33.0% | -2.1% | 28.4% | 5.0% |
| QBIG Grade (NAV) | C | A | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.7% | 4.7% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 33 Mil |
| Share Class Assets: | $ 33 Mil |
| Turnover: | 106.0% |
| Expense Ratio: | 0.29% |
| Index Fund: | No |
| Index Tracked: | NASDAQ Composite TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 1.7 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Hubbard Peter (2024), Samulowitz Theodore (2024), Hemming David (2024), Sahota Dave (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 19 |
| % in Top 10 Holdings: | 176.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 36.8% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 9.8% |
| Cash: | 53.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | December 4, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.29% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.49% |
