ETF Evaluator:
Invesco NASDAQ Next Gen 100 ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Growth Over the Last Year
| 95.3% | State Street® Galaxy TransfTechAccelsETF (TEKX) |
| 36.8% | Pinnacle Focused Opportunities ETF (FCUS) |
| 32.9% | Invesco NASDAQ Next Gen 100 ETF (QQQJ) |
| 23.7% | CapForce IBD® Breakout Opportunities ETF (BOUT) |
| 22.1% | First Trust Multi Cap Gr AlphaDEX® ETF (FAD) |
Risk
Index
Risk
Index
ETF Details
Invesco NASDAQ Next Gen 100 ETF Overview
Invesco NASDAQ Next Gen 100 ETF (QQQJ) is a passively managed U.S. Equity Mid-Cap Growth exchange-traded fund (ETF). Invesco launched the ETF in 2020.
The investment seeks to track the investment results (before fees and expenses) of the NASDAQ Next Generation 100 Index®.
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. compiles, maintains and calculates the underlying index, which is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index® (the “NASDAQ-100”) based on market capitalization.
About Invesco NASDAQ Next Gen 100 ETF (QQQJ)
There are 3 members of the management team with an average tenure of 5.80 years: Peter Hubbard (2020), Michael Jeanette (2020) and Pratik Doshi (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Nasdaq Next Generation 100 TR USD index with a weighting of 100%. Invesco NASDAQ Next Gen 100 ETF has 106 securities in its portfolio. The top 10 holdings constitute 20.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco NASDAQ Next Gen 100 ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Invesco NASDAQ Next Gen 100 ETF has 12.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 87.3% There is 12.7% 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 NASDAQ Next Gen 100 ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $1 billion average for the Mid-Cap 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.
QQQJ 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 NASDAQ Next Gen 100 ETF expense ratio is low compared to funds in the Mid-Cap Growth category. Invesco NASDAQ Next Gen 100 ETF has an expense ratio of 0.15%, which is 72% lower than its category average, making the fund expense ratio grade a A. 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 NASDAQ Next Gen 100 ETF has a portfolio turnover rate of 27%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 166% for the Mid-Cap Growth category.
Recently, in the month of July 2026, Invesco NASDAQ Next Gen 100 ETF returned -3.2%, which earned it a grade of B, as the Mid-Cap Growth category had an average return of -6.0%. 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 NASDAQ Next Gen 100 ETF has a trailing yield of 0.56%, which is above the 0.41% category average.
The fund normally distributes its income quarterly.
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 NASDAQ Next Gen 100 ETF Grades
Year to date, the ETF has returned 19.6%, 10.1 percentage points better than the category, which translates into a grade of A. The fund has returned 32.9% over the past year (grade of A), 18.6% over the past three years (grade of B) and 6.2% per year over the past five years (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 NASDAQ Next Gen 100 ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
QQQJ 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 |
|
| QQQJ Return (NAV) | -3.2% | 9.3% | 32.9% | 18.6% | 6.2% | na |
| QQQJ Return (Price) | -3.2% | 9.3% | 33.0% | 18.6% | 6.2% | na |
| NAV +/- Price Return | -0.001% | 0.002% | -0.070% | -0.024% | -0.016% | na |
| Mid-Cap Growth Avg | -6.0% | 2.2% | 13.8% | 14.5% | 4.1% | 11.9% |
| QQQJ Grade (NAV) | B | A | A | B | C | na |
| +/- Category (NAV) | 2.8% | 7.2% | 19.2% | 4.1% | 2.1% | na |
| QQQJ Tax-Cost Ratio | na | na | 0.3% | 0.3% | 0.3% | na |
QQQJ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QQQJ Return (NAV) | 19.6% | 20.3% | 15.4% | 13.5% | -28.1% | 9.7% | na | na | na | na | na |
| QQQJ Return (Price) | 19.5% | 20.4% | 15.4% | 13.7% | -28.2% | 9.8% | na | na | na | na | na |
| NAV +/- Price Ret | -0.004% | 0.007% | -0.005% | 0.010% | 0.004% | 0.010% | na | na | na | na | na |
| Mid-Cap Growth Avg | 9.5% | 11.5% | 20.5% | 23.6% | -30.6% | 9.4% | 50.3% | 29.2% | -8.2% | 29.5% | 7.9% |
| QQQJ Grade (NAV) | A | A | F | F | D | D | na | na | na | na | na |
| +/- Category | 10.1% | 8.8% | -5.1% | -10.1% | 2.5% | 0.3% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.20 |
| R-Squared: | 82% |
| Standard Deviation: | 17.2% |
| Category Risk Index: | 0.81 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.40 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.6% |
| Total Assets: | $ 1,118 Mil |
| Share Class Assets: | $ 1,118 Mil |
| Turnover: | 27.0% |
| Expense Ratio: | 0.15% |
| Index Fund: | Yes |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 5.8 years | |||
| Average Tenure: 5.8 years | |||
| Managers (Year): Hubbard Peter (2020), Jeanette Michael (2020), Doshi Pratik (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 106 |
| % in Top 10 Holdings: | 20.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 12.7% |
Portfolio Allocation |
|
| Domestic Stock: | 87.3% |
| Foreign Stock: | 12.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | October 13, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.15% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.53% |
