QQQM
ETFInvesco NASDAQ 100 ETF
One email when a drop — in price or in valuation — is historically rare for QQQM. Otherwise we stay quiet.
Bigger than its usual dip. Not yet rare.
Invesco NASDAQ 100 ETF is 13.6% off its high — deeper than its 2.9% average pullback, but it has been through 73 drawdowns before. Not historically significant yet — we'll say so if that changes.
Elevated
Current Drawdown
-13.6%
Days in Drawdown
23
Avg Max Drawdown
2.9%
Avg Length
26
Drawdown Severity Score™
3.4
QQQM - Price & High Water Mark
QQQM - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Invesco NASDAQ 100 ETF (QQQM) Analysis: Current Drawdown Insights
Invesco NASDAQ 100 ETF is currently in a drawdown that is unusual by its own historical standards. As of 2026-11-06, the fund is trading at $270.22, which represents a 13.6% decline from its all-time high of $312.76. This drawdown has persisted for 23 days.
QQQM by the numbers
- The last time QQQM fell this far was the decline that began in Feb 2025. It bottomed at 23% and took 4 months to get back to its high.
- Only 2 declines since 2020 went deeper than today's 14%.
- Over the past 6 years, QQQM spent 21% of trading days further below its high than it is now.
- Since 2020, QQQM has fallen 20% or more 2 times, about one every 3 years, and 30% or more 1 time.
The Drawdown Severity Score™ for Invesco NASDAQ 100 ETF currently stands at 3.37. A score between 3.0 and 5.0 indicates an elevated drawdown that's larger than this asset's historical averages.
New to drawdowns? Read what a drawdown is.
📜 Historical Drawdown Events
Current drawdown shown in blue. Below are 10 of QQQM's larger declines from its 73 tracked pullbacks, newest first.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-10-14 | Ongoing | 23 days | -13.6% | $312.76 | $270.22 | n/a |
| 2025-10-30 | 2026-04-15 | 168 days | -12.1% | $261.46 | $229.87 | $262.48 |
| 2025-02-20 | 2025-06-24 | 124 days | -22.7% | $220.87 | $170.72 | $221.60 |
| 2024-12-17 | 2025-02-14 | 60 days | -6.0% | $219.96 | $206.80 | $220.33 |
| 2024-07-11 | 2024-11-06 | 119 days | -13.6% | $205.24 | $177.42 | $206.62 |
| 2024-03-25 | 2024-05-15 | 52 days | -7.1% | $181.74 | $168.91 | $184.47 |
| 2021-11-22 | 2023-12-12 | 751 days | -35.0% | $161.49 | $104.89 | $161.74 |
| 2021-09-08 | 2021-10-28 | 51 days | -7.6% | $152.54 | $141.01 | $153.55 |
| 2021-04-19 | 2021-06-14 | 57 days | -7.3% | $136.38 | $126.36 | $137.27 |
| 2021-02-16 | 2021-04-09 | 52 days | -10.9% | $133.99 | $119.42 | $134.36 |
| 2020-10-14 | 2020-11-25 | 43 days | -8.4% | $117.10 | $107.24 | $117.74 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
Know the Moment Severity Changes
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Or explore current drawdowns:
QQQM Price History and Drawdown Data
Latest price
$270.22
High-water mark
$312.76
Current drawdown
-13.6%
Days in drawdown
23
What History Says About QQQM
Invesco NASDAQ 100 ETF has dropped 5%+ from its high 10 times in its tracked history. These events lasted an average of 148 days with an average max drop of -13.1%.
The current drawdown of -13.6% has lasted 23 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Nov 2021 to Dec 2023 | -35.0% | 751 days |
| Feb 2025 to Jun 2025 | -22.7% | 124 days |
| Jul 2024 to Nov 2024 | -13.6% | 119 days |
| Oct 2025 to Apr 2026 | -12.1% | 168 days |
| Feb 2021 to Apr 2021 | -10.9% | 52 days |
| Oct 2020 to Nov 2020 | -8.4% | 43 days |
Past Strong Buy alerts for QQQM
In our simulation, QQQM has not had a Strong Buy or Ultra Buy alert since 2016.
See the full track record, losers includedGet a free email when QQQM drops further than usual
We'll watch Invesco NASDAQ 100 ETF and email you only when it falls further than it usually does.
Related Articles
QQQM Recovers: How This Drawdown Compares to Its Past
Aug 1, 2026 · 5 min read
QQQM's 9% Pullback: Historical Context
Jul 28, 2026 · 5 min read
ETFs in a similar drawdown
These are the tracked ETFs whose current drawdown from their prior high is closest to QQQM's. Percentages are each one's current drawdown. This is a comparison list, not a recommendation.
- QQQInvesco QQQ Trust-13.6% current drawdown
- IWFiShares Russell 1000 Growth ETF-13.5% current drawdown
- FIDUFidelity MSCI Industrials Index ETF-13.5% current drawdown
- INDAiShares MSCI India ETF-13.4% current drawdown
- QQQINEOS NASDAQ-100(R) High Income ETF-13.2% current drawdown
- AVCorgi Aerospace & Commercial Aviation ETF-12.9% current drawdown
ETFs that usually fall about as much as QQQM
Ranked by the average size of each one's declines from a high over its tracked history. QQQM's average is 2.8%. This is a comparison list, not a recommendation.
- BARGraniteShares Gold Trust2.7%average decline
- FIDUFidelity MSCI Industrials Index ETF2.7%average decline
- NASATema Space Innovators ETF2.7%average decline
- VXUSVanguard Total International Stock Index Fund ETF Shares2.8%average decline
- VGTVanguard Information Technology Index Fund ETF Shares2.8%average decline
- IWFM.LiShares Edge MSCI World Momentum Factor UCITS ETF USD (Acc)2.9%average decline
Learn More About Drawdowns
What is a Drawdown?
Definition, formula, and real examples
Biggest Drawdowns Ranked
How this asset's decline compares with the deepest in the tracked record
S&P 500 Drawdown History
Every major index decline with depth, duration, and recovery
Understanding Severity Scores
How our scoring compares to maximum drawdown
Our Methodology
Technical details behind the data
The Drawdown Severity Score
Our proprietary scoring algorithm explained
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About this data
- Source
- Adjusted daily closing prices from Yahoo Finance, so splits and dividends don't show up as drops.
- Coverage
- Oct 13, 2020 to Nov 6, 2026, about 6 years. 73 declines from a high recorded for QQQM.
- Updated
- After each U.S. trading day closes. This page shows the close of Nov 6, 2026.
- How it's calculated
- A drawdown runs from a closing high to the next new high. See the methodology and how the Severity Score works.
Published by DrawdownAlerts. Historical facts only, not investment advice.