The Invesco QQQ Trust (QQQ +0.34%) is a very popular exchange-traded fund (ETF) that gives investors more concentrated exposure to a specific segment of the stock market. As a fund that tracks the performance of the Nasdaq-100 index, it contains the 100 largest non-financial businesses that trade on the Nasdaq exchange. And its performance has been superb.
If you'd invested $1,000 in the Invesco QQQ Trust ETF five years ago and held on since then, here's how much your position would be worth today.
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Investors should have no complaints
Since November 2020, the Invesco QQQ Trust ETF has produced a total return of 114% (as of Nov. 17). A $1,000 investment made back then would be worth more than $2,100 today. Investors should be very pleased with this result. It comes up ahead of the S&P 500, which had a total return of about 100%.
NASDAQ: QQQ
Key Data Points
The Invesco QQQ Trust ETF provides a greater level of exposure to some of the world's leading technology companies. Its top three positions are Nvidia, Apple, and Microsoft, all of which dominate in their respective industries. They've all seen their share prices soar in the past five years.
What's more, prominent businesses in the Invesco QQQ Trust ETF are working on artificial intelligence (AI) projects. Investors who are bullish on the long-term potential of this revolutionary technology should find this ETF to be an appealing portfolio addition.
