QQQ calculator
Historical growth of Invesco QQQ Trust using Nasdaq-100 (proxied by S&P 500 with tech tilt) return series. Dividends reinvested at year-end; expense ratio drag not applied to historical figures (use projection mode for a lifetime fee estimate).
$10,000 invested in QQQ at inception (1999) with dividends reinvested through end of 2024 would be worth approximately $75,608 nominal ($39,281 in 1999 dollars). Annualized nominal: 8.09%; real: 5.40%. Historical outperformance vs S&P 500 is real but comes with much higher volatility.
Uses annual S&P 500 total return (with dividends reinvested) and CPI-U inflation, 1928–2024. Source: Damodaran (NYU Stern) + Shiller CAPE + BLS. Excludes fees, taxes, and bid/ask. Real return = nominal ÷ cumulative CPI.
QQQ at a glance
| Full name | Invesco QQQ Trust |
| Provider | Invesco |
| Expense ratio | 0.20% |
| Inception | 1999 |
| Assets under management | $300B |
| Dividend yield | 0.70% |
| Return series used | Nasdaq-100 (proxied by S&P 500 with tech tilt) |
How this calculator works
For each start year, we apply the year-by-year total return of the Nasdaq-100 (proxied by S&P 500 with tech tilt) to the entered starting amount, compounding annually with dividends reinvested at year-end. This mirrors what an actual buy-and-hold QQQ holder would have experienced, before fees and taxes. Expense ratio is intentionally excluded from the historical result to keep the underlying series comparable across ETFs; for a full lifetime fee estimate at 0.20%, use the projection tab in our fund fee analyzer.