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QOWZvsTOLLETF Comparison

ETF 1

QOWZ

Invesco Nasdaq Free Cash Flow Achievers ETF

This fund is part of

US Multi-Factor

-0.13%

Full QOWZ fund page

VS

ETF 2

TOLL

Tema Monopolies and Oligopolies ETF

This fund is part of

Uncategorized Equities

-0.84%

Full TOLL fund page

Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) belongs to the US Multi-Factor segment. Tema Monopolies and Oligopolies ETF (TOLL) is part of the Uncategorized Equities segment. QOWZ's top 3 sector exposures are Technology, Business Services and Healthcare. In contrast, TOLL's top sector exposures are Technology, Industrials and Healthcare. QOWZ is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.55% for TOLL. QOWZ is down -4.59% year-to-date (YTD) with -$2M in YTD flows. TOLL performs better with 10.69% YTD performance, and -$12M in YTD flows. Run a side-by-side ETF comparison of QOWZ and TOLL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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QOWZ vs TOLL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	QOWZ TOLL	+3.31%-3.93%	+1.58%+5.16%	-4.59%+10.69%	-5.89%+13.40%	n/a+51.53%	n/an/a
Flows	QOWZ TOLL	-+$15M	-$2M+$7M	-$2M-$12M	-$3M-$9M	-+$39M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	QOWZ TOLL	+16.24%+19.81%	+15.59%+16.22%	n/a+15.45%	n/an/a
Max drawdown	QOWZ TOLL	-8.53%-6.79%	-17.83%-11.67%	n/a-14.25%	n/an/a
Max drawdown duration	QOWZ TOLL	53d24d	269d105d	n/a85d	n/an/a

Trading data

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	QOWZ	TOLL
Last sale 7/24/2026 at 1:30 PM	$34.10	$38.96
Previous close 07/23/2026	$33.68	$39.36
Consolidated volume 07/23/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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TOLL

is actively managed and doesn’t replicate an index

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	QOWZ	TOLL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/24/2026 at 1:30 PM

Live

Closed

	QOWZ	TOLL
Last price	$34.10	$38.96
1D performance	+1.24%	-1.02%
AuM	$11.60 M	$57.77 M
E/R	0.39%	0.55%

Characteristics

	QOWZ	TOLL
Management strategy	Passive	Active
Provider	Invesco	Tema
Benchmark	Nasdaq US Free Cash Flow Achievers Index	-
N° of holdings	50	36
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	December 5, 2023	May 11, 2023
ESG	No	No

More QOWZ data on Trackinsight

More TOLL data on Trackinsight

Exposure

Countries

QOWZ

USA

98.36%

Other

1.64%

TOLL

USA

82.55%

Other

17.45%

Sectors

QOWZ

Technology

52.17%

Business Services

12.42%

Healthcare

10.77%

Industrials

10.09%

Other

14.55%

TOLL

Technology

39.22%

Industrials

16.08%

Healthcare

11.78%

Finance

10.61%

Other

22.31%

Diversification

QOWZ

Total weight of top 15 holdings out of 15

51.82%

TOLL

Total weight of top 15 holdings out of 15

58.66%

Top 15 holdings

Data as of June 30, 2026

QOWZ

NVIDIA Corp.

9.53%

Broadcom Inc.

6.33%

KLA Corp.

4.87%

Mastercard, Inc.

4.58%

Fortinet, Inc.

3.03%

Cadence Design Systems, Inc.

2.80%

Automatic Data Processing, Inc.

2.67%

Salesforce, Inc.

2.66%

Republic Services, Inc.

2.52%

ServiceNow, Inc.

2.37%

Adobe, Inc.

2.19%

Intuit, Inc.

2.15%

Monolithic Power Systems, Inc.

2.11%

IDEXX Laboratories, Inc.

2.05%

Roper Technologies, Inc.

1.96%

TOLL

Lam Research Corp.

6.47%

KLA Corp.

5.72%

GE Aerospace

5.45%

Fortinet, Inc.

5.01%

Visa, Inc.

4.69%

Performance Food Group Co.

4.45%

Applied Materials, Inc.

3.96%

Cboe Global Markets, Inc.

3.61%

Keysight Technologies, Inc.

3.19%

ON Semiconductor Corp.

3.06%

Broadcom Inc.

2.82%

Ferrovial NV

2.79%

Thermo Fisher Scientific, Inc.

2.59%

Synopsys, Inc.

2.43%

MSCI, Inc.

2.42%

Frequently asked questions about QOWZ and TOLL

How have the QOWZ and TOLL ETFs performed in 2026?

As of July 24, 2026, QOWZ is down -4.59% year-to-date (YTD), while TOLL has returned 10.69%. That puts TOLL better performer ahead so far this year.

Which ETF is attracting more investor money: QOWZ or TOLL?

Year-to-date, the QOWZ ETF saw -$2M in flows, compared to -$12M for TOLL.

Which ETF is more volatile: QOWZ or TOLL?

Over the past year, QOWZ had a volatility of 15.59%, while TOLL experienced 16.22%.

Which ETF is bigger: QOWZ or TOLL?

As of July 24, 2026, QOWZ holds $11.60 M in assets under management (AUM), while TOLL manages $57.77 M.

What sectors do the QOWZ and TOLL ETFs invest in?

QOWZ leans toward sectors like Technology, Business Services and Healthcare. Meanwhile, TOLL focuses on Technology, Industrials and Healthcare.

What are the top holdings of the QOWZ ETF and TOLL ETF?

QOWZ top holdings include NVIDIA Corp., Broadcom Inc. and KLA Corp.. TOLL holds in its top three: Lam Research Corp., KLA Corp. and GE Aerospace.

Which ETF is more diversified: QOWZ or TOLL?

QOWZ holds 50 securities with 51.82% of its assets in the top 15. TOLL has 36 securities and a top 15 weight of 58.66%.

The ETF Underdogs, Part 9: Wide Moats and Competitive Advantages

July 7, 2026

TOLL

TEMA ETF - A New Fund Manager Focused on Thematic Solutions

July 28, 2023

TOLL

QOWZvsTOLLETF Comparison

Invesco Nasdaq Free Cash Flow Achievers ETF

Tema Monopolies and Oligopolies ETF

QOWZ vs TOLL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the QOWZ and TOLL ETFs performed in 2026?

As of July 24, 2026, QOWZ is down -4.59% year-to-date (YTD), while TOLL has returned 10.69%. That puts TOLL better performer ahead so far this year.

Which ETF is attracting more investor money: QOWZ or TOLL?

Year-to-date, the QOWZ ETF saw -$2M in flows, compared to -$12M for TOLL.

Which ETF is more volatile: QOWZ or TOLL?

Over the past year, QOWZ had a volatility of 15.59%, while TOLL experienced 16.22%.

Which ETF is bigger: QOWZ or TOLL?

As of July 24, 2026, QOWZ holds $11.60 M in assets under management (AUM), while TOLL manages $57.77 M.

What sectors do the QOWZ and TOLL ETFs invest in?

QOWZ leans toward sectors like Technology, Business Services and Healthcare. Meanwhile, TOLL focuses on Technology, Industrials and Healthcare.

What are the top holdings of the QOWZ ETF and TOLL ETF?

QOWZ top holdings include NVIDIA Corp., Broadcom Inc. and KLA Corp.. TOLL holds in its top three: Lam Research Corp., KLA Corp. and GE Aerospace.

Which ETF is more diversified: QOWZ or TOLL?

QOWZ holds 50 securities with 51.82% of its assets in the top 15. TOLL has 36 securities and a top 15 weight of 58.66%.

The ETF Underdogs, Part 9: Wide Moats and Competitive Advantages

TEMA ETF - A New Fund Manager Focused on Thematic Solutions

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