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QQQ, the popular ETF representing the Nasdaq-100, surged 20% in 2025, according to Eric Balchunas. Despite this significant gain, there were notable negative outlooks for U.S. performance towards the end of the year.
Balchunas noted that QQQ has risen an impressive 134% over the past three years. Even with substantial international competition, these figures reveal that the U.S. market remains dominant. The 10-year performance comparison further highlights the strength of U.S. returns against international benchmarks.
The sustained ascent of QQQ within a highly competitive environment underscores the enduring strength of U.S. markets, a theme echoed in analyses of ETF market maker shares and their shifting dynamics. This trajectory aligns with patterns seen in the rapid expansion of products such as Rick Rieder's bond ETF, which achieved historic growth to $15B, further highlighting the robust appeal of innovative financial instruments amid evolving investor sentiment.