đ Performance Overview
⢠Price: $534.21 (todayâs intraday change: +0.0069%) en.wikipedia.org+15nasdaq.com+15marketwatch.com+15tradingview.com+1wsj.com+1
⢠1âmonth return: +8.98% invesco.com+4tradingview.com+4finance.yahoo.com+4
⢠YTD return: +15â16% tradingview.com+1finance.yahoo.com+1
⢠1âyear return: ~15â16.2% finance.yahoo.com+9finance.yahoo.com+9schwab.com+9
⢠Cumulative since inception (Mar 1999): +379% en.wikipedia.org+2invesco.com+2en.wikipedia.org+2
⢠Expense ratio: 0.20% en.wikipedia.org+5tradingview.com+5invesco.com+5
⢠Assets under management (AUM): ~$340âŻbillion invesco.com+3tradingview.com+3en.wikipedia.org+3
⢠Dividend yield: 0.56% tradingview.com+1wsj.com+1
đ° Recent Drivers & Market Context
⢠U.S.âChina Trade Talks
⢠Ongoing negotiationsâespecially around semiconductorsâhave lifted chipâheavy Nasdaq; Monday saw chip stocks +0.3% on hopes of easing export controls investors.com+2wsj.com+2investors.com+2.
⢠With optimism over trade, the iShares Semiconductor ETF gained 2.4%, supported by strengths in Qualcomm, AMD, and Synopsys wsj.com.
⢠Index Futures & Macro Movers
⢠On June 10, Nasdaqâ100 futures rose ~0.2% as U.S.âChina talks continued nasdaq.com.
⢠Markets are cautious ahead of upcoming CPI and PCE inflation data this week investors.com+1investors.com+1.
⢠Mega-cap Concentration Risk
⢠Teslaâs volatility recently had outsized impactâits 14% drop on June 5 dragged Nasdaqâ100 and QQQ along, highlighting risk from a few giants like Tesla, Apple, Microsoft, and Nvidia invesco.com+13reuters.com+13en.wikipedia.org+13.
â What It Means for QQQ Investors
⢠TechâLed Rally: QQQâs recent gains are driven by a resurgence in chip stocks and broader optimism on trade.
⢠High Concentration: QQQ remains heavily weighted in the âMagnificent Seven,â so volatility in a single megaâcap can ripple across.
⢠Watch Macro Reports: CPI (Wednesday) and core PCE (Thursday) will be crucial for tech and growth names; a hawkish surprise could trigger pullbacks.
â˘