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QXQ ETF — Holdings & Analysis

The SGI Enhanced Nasdaq 100 ETF (QXQ) is an actively managed equity fund with $0.05 billion in assets under management. QXQ aims for capital appreciation and current income by investing in Nasdaq-100 stocks and employing an options writing strategy. With an expense ratio of 0.98%, QXQ seeks to provide an enhanced yield compared to traditional option-based strategies by selling short-term options, potentially limiting participation in gains if shares increase in value. Past performance does not guarantee future results.

SGI Enhanced Nasdaq 100 ETF (QXQ) ETF — Price, Holdings & Analysis

The SGI Enhanced Nasdaq 100 ETF (QXQ) is an actively managed equity fund with $0.05 billion in assets under management. QXQ aims for capital appreciation and current income by investing in Nasdaq-100 stocks and employing an options writing strategy. With an expense ratio of 0.98%, QXQ seeks to provide an enhanced yield compared to traditional option-based strategies by selling short-term options, potentially limiting participation in gains if shares increase in value. Past performance does not guarantee future results.

ETF Overview

QXQ is an actively managed fund that aims for capital appreciation and current income through an actively managed portfolio of Nasdaq-100 stocks and an options writing strategy. The fund invests in equity securities, options, or ETFs that seek to replicate the Nasdaq-100 Index. The equity investments may include common and preferred stocks, warrants, convertible securities, futures, forwards, and options. The fund targets an enhanced yield compared to traditional option-based strategies by selling short-term options, which typically generate more income than longer-term options over the same period. Using exposure to the value of the S&P 500 Index or other broad benchmark indices, the put-and-call options strategy selects deep out-of-the-money strike prices expiring within 1-7 days. As such, this may limit participation in potential gains if shares increase in value. The fund may hold short-term US Treasurys as collateral and engage in securities lending.
QXQ is designed to provide capital appreciation and income by actively managing a portfolio of Nasdaq-100 stocks and using an options strategy. The fund invests in equity securities, options, or ETFs that seek to replicate the Nasdaq-100 Index. Its equity investments may include common and preferred stocks, warrants, convertible securities, futures, forwards, and options. A key component of QXQ's strategy is selling short-term, deep out-of-the-money put-and-call options, typically expiring within 1-7 days, to generate enhanced yield. This approach targets higher income compared to longer-term options strategies. The fund's top holding is First American Government Obligs X (FGXXX) at 6.08%. Sector allocation is heavily weighted towards Technology at 50.9%, followed by Communication Services at 16.7% and Consumer Cyclical at 12.8%. The fund may hold short-term US Treasurys as collateral and engage in securities lending. Past performance does not guarantee future results.

Risk Metrics

QXQ carries several risks inherent to its investment strategy. The fund's active management and options writing strategy introduce complexity and may not always achieve the desired results. The focus on short-term options may limit participation in potential gains if the underlying Nasdaq-100 stocks increase significantly in value. The fund exhibits significant concentration risk, with a large allocation to Technology (50.9%) and Communication Services (16.7%) sectors, making it vulnerable to sector-specific downturns. With a 3-year Beta of 0.00, QXQ's volatility is not correlated to the market. The fund's expense ratio of 0.98% is higher than the category average, which can create a drag on performance over time. The fund's country exposure is entirely in 'Other' at 100%. Past performance does not guarantee future results.

Expense Ratio

0.98%

Top Holdings

Sector Allocation

  • Technology: 50.9%
  • Communication Services: 16.7%
  • Consumer Cyclical: 12.8%
  • Consumer Defensive: 7.8%
  • Healthcare: 4.9%
  • Industrials: 3.4%
  • Utilities: 1.4%
  • Basic Materials: 1.1%
  • Energy: 0.5%
  • Financial Services: 0.3%
  • Real Estate: 0.1%
  • Other: 100.0%

Dividend Yield

0.00%
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Risk Metrics

  • Beta: 0.00

Questions & Answers

What is QXQ and what does it track?

The SGI Enhanced Nasdaq 100 ETF (QXQ) is an actively managed fund that seeks capital appreciation and current income. It achieves this by investing in a portfolio of Nasdaq-100 stocks and implementing an options writing strategy. The fund may invest in equity securities, options, or ETFs that aim to replicate the Nasdaq-100 Index. QXQ targets an enhanced yield by selling short-term, deep out-of-the-money put-and-call options, which may limit participation in potential gains if shares increase in value. The fund has $0.05 billion in assets under management.

What is the expense ratio for QXQ?

The expense ratio for the SGI Enhanced Nasdaq 100 ETF (QXQ) is 0.98%. This means that for every $1000 invested in the fund, $9.80 is used to cover the fund's operating expenses annually. The expense ratio is higher than the average expense ratio for equity ETFs, which is approximately 0.44%. the may be worth researching impact of the expense ratio on the fund's overall returns over time.

What are the top holdings in QXQ?

As of 2026-03-15, the top holding in QXQ is First American Government Obligs X (FGXXX), comprising 6.08% of the fund's portfolio. While the fund's strategy focuses on Nasdaq-100 stocks, this top holding suggests a portion of the fund's assets are allocated to short-term US Treasurys as collateral. The fund's sector allocation is heavily weighted towards Technology at 50.9%, followed by Communication Services at 16.7% and Consumer Cyclical at 12.8%.

Is QXQ a good long-term investment?

QXQ's suitability as a long-term investment depends on an individual investor's risk tolerance and investment objectives. The fund's active management and options strategy introduce complexity and may not always deliver the desired results. The expense ratio of 0.98% is higher than the category average, which can impact long-term returns. Investors should carefully consider the fund's strategy, sector concentration, and expense ratio before making a long-term investment decision. Past performance does not guarantee future results.

How does QXQ compare to similar ETFs?

QXQ differentiates itself from other Nasdaq-100 ETFs through its active management and options writing strategy. While many Nasdaq-100 ETFs passively track the index, QXQ aims to enhance yield by selling short-term options. However, this strategy may limit participation in potential gains. QXQ's expense ratio of 0.98% is higher than passively managed Nasdaq-100 ETFs, which typically have expense ratios below 0.20%. With AUM of $0.05 billion, QXQ is smaller than many of its competitors, which may impact liquidity and trading costs.

Does QXQ pay dividends?

As of 2026-03-15, the SGI Enhanced Nasdaq 100 ETF (QXQ) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders. Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield. However, QXQ's primary objective is capital appreciation and enhanced yield through its options strategy, rather than dividend income.