QQQ
Nasdaq 100 ETF (QQQ) · STOCK
Current Price
$724
As of 10/15/2026
All-Time Return
+1577.8%
If you bought at launch (or earliest available year)
Historical Performance by Year
Returns if you bought on January 1st of each year
Click on any year to view the scenario
| Year | Entry Price (Jan 1) | Current Return | Multiple |
|---|---|---|---|
| 1999 | $43 | +1577.8% | 16.78× |
| 2000 | $80 | +804.2% | 9.04× |
| 2001 | $45 | +1503.2% | 16.03× |
| 2002 | $34 | +2035.9% | 21.36× |
| 2003 | $21 | +3272.9% | 33.73× |
| 2004 | $31 | +2255.3% | 23.55× |
| 2005 | $34 | +2047.5% | 21.48× |
| 2006 | $35 | +1946.6% | 20.47× |
| 2007 | $37 | +1849.0% | 19.49× |
| 2008 | $43 | +1566.9% | 16.67× |
| 2009 | $27 | +2598.2% | 26.98× |
| 2010 | $40 | +1693.7% | 17.94× |
| 2011 | $49 | +1391.6% | 14.92× |
| 2012 | $50 | +1336.4% | 14.36× |
| 2013 | $60 | +1101.3% | 12.01× |
What is QQQ?
Invesco QQQ Trust is an exchange-traded fund that tracks the Nasdaq-100, an index of the largest non-financial companies listed on Nasdaq. Launched in March 1999, it is one of the most heavily traded ETFs in the world. Its composition is what distinguishes it from a broad-market fund: the index excludes financials entirely and is heavily weighted toward technology and communications, with the largest handful of holdings making up a substantial share of the fund. That concentration is the source of both its outperformance in technology-led markets and its deeper falls when those same names decline. QQQ charges an expense ratio and pays a distribution, neither of which a price-only comparison captures.
History of QQQ
QQQ launched in March 1999, months before the dot-com peak, which makes its early history a useful warning: the fund lost roughly 80 percent from its 2000 high and did not regain that level for about fifteen years. The recovery came from a different set of companies than the ones that drove the bubble. Since then it has generally outpaced the S&P 500 in technology-led periods and fallen harder in downturns, including a decline of roughly a third in 2022. The underlying index is reconstituted annually, with occasional special rebalances when a few holdings grow large enough to distort the weighting - so the fund's exposure today is not the exposure it had a decade ago.
Why check this?
QQQ is the middle ground between a single stock and the whole market, and comparing its result with the S&P 500 over the same window shows exactly what the extra concentration bought - or cost. Starting years around 1999-2000 are the most instructive ones to run.