Invesco QQQ has turned in exceptional performance over the past 15 years, but its Nasdaq-only focus arbitrarily restricts its opportunity set and breeds sector concentration. It retains its Morningstar Analyst Rating of Neutral.
Morningstar’s Analysis QQQ
Will QQQ outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QQQ’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the QQQ management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of QQQ’s parent organization’s priorities and whether they’re in line with investors’ interests.