QQQM’s worst drop since 2020 was 35%
Invesco Nasdaq 100 ETF (QQQM) fell 35% from Nov 2021 to Nov 2022. It took 2.1 years from that peak to close at a new high, in Dec 2023. Over the same years the S&P 500 fell as much as 25%.
That drop is milder than most. It ranks 145th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2020 to now
How QQQM held up in each crash
| Crash | Years | QQQM | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | not trading yet | −33.7% |
| 2022 rate shock | 2022 | −34.8% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was QQQM’s maximum drawdown?
QQQM’s deepest fall since 2020 was 35.0%, from its high on November 19, 2021 to its low on November 3, 2022. The figure uses daily prices with dividends reinvested.
How long did QQQM take to recover?
2.1 years. QQQM first closed above its Nov 2021 high again on December 12, 2023.
Was QQQM riskier than the S&P 500?
Over the same years, QQQM’s worst drop was 35.0% against 24.5% for the S&P 500 (SPY), and its worst 12 months were −34.7% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, October 14, 2020 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.