First Trust Nasdaq-100 Select Equal Weight ETF (QQEW)


Market Price (9/6/2026): $161.24

First Trust Nasdaq-100 Select Equal Weight ETF (QQEW)


Market Price (9/6/2026): $161.24

Key Takeaways

  • QQEW has returned +13.5% YTD vs +13.3% for SPY, +17.2% for QQQ; +18.8% over the past 12 months (SPY +20.0%, QQQ +25.3%). details →
  • Priced in gold, QQEW has returned -34.4% over the past 3 years, vs +51.0% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, QQEW has seen net inflows of +$48M (+2.6% of assets). details →
  • Risk-adjusted returns trail QQQ: 3-year Sharpe ratio of 0.6 vs 1.0. details →
  • QQEW's top 10 holdings represent 26% of the fund vs 46% for QQQ — a more diversified portfolio. details →
Last updated: 9/5/2026.

Price Chart

Asset Allocation with QQEW

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.3%
Volatility
11.8%
Sharpe
0.73
YTD
+9.6%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

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Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for QQEW

Total Weights
Top 5: 13.5% | Top 10: 26.0% | Top 20: 48.6%

HoldingETF Weight
25809K105DoorDash, Inc. (Class A)2.87%
009066101Airbnb, Inc. (Class A)2.74%
98138H101Workday, Inc. (Class A)2.70%
05464C101Axon Enterprise Inc.2.59%
697435105Palo Alto Networks, Inc.2.55%
704326107Paychex, Inc.2.53%
776696106Roper Technologies, Inc.2.53%
053015103Automatic Data Processing, Inc.2.50%
75886F107Regeneron Pharmaceuticals, Inc.2.49%
031162100Amgen Inc.2.48%
252131107DexCom, Inc.2.38%
09857L108Booking Holdings Inc.2.37%
92532F100Vertex Pharmaceuticals Incorporated2.34%
34959E109Fortinet, Inc.2.32%
69608A108Palantir Technologies Inc. (Class A)2.30%
58733R102MercadoLibre, Inc.2.24%
594918104Microsoft Corporation2.20%
052769106Autodesk, Inc.2.18%
00724F101Adobe Incorporated2.17%
375558103Gilead Sciences, Inc.2.09%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
QQEW Return18%-25%33%7%14%14%65%
Peers Return26%-32%52%27%21%16%130%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
QQEW Win Rate67%33%58%67%58%44% 
Peers Win Rate81%33%67%75%67%56% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
QQEW Max Drawdown-10%-31%-13%-10%-21%-16% 
Peers Max Drawdown-11%-35%-11%-13%-23%-12% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: QQQ, QQQM, ONEQ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
QQEW0.920.640.28
Equity Top Results (3Y)   
IALT2.082.082.08
VLUE2.531.420.74
SPMO0.941.370.79
CORO1.351.331.33
CGDV1.281.310.94

Results as of 8312026.

How Low Can It Go

EventQQEWS&P 500
2025 US Tariff Shock
  % Loss-21.4%-18.8%
  % Gain to Breakeven27.2%23.1%
  Time to Breakeven83 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-11.5%-9.5%
  % Gain to Breakeven13.0%10.5%
  Time to Breakeven35 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-30.7%-24.5%
  % Gain to Breakeven44.3%32.4%
  Time to Breakeven431 days427 days
2020 COVID-19 Crash
  % Loss-30.8%-33.7%
  % Gain to Breakeven44.5%50.9%
  Time to Breakeven77 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.0%-19.2%
  % Gain to Breakeven23.5%23.8%
  Time to Breakeven63 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-17.0%-12.2%
  % Gain to Breakeven20.5%13.9%
  Time to Breakeven160 days62 days

Compare to QQQ, QQQM, ONEQ

In The Past

First Trust Nasdaq-100 Select Equal Weight ETF's stock fell -21.4% during the 2025 US Tariff Shock. Such a loss loss requires a 27.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventQQEWS&P 500
2025 US Tariff Shock
  % Loss-21.4%-18.8%
  % Gain to Breakeven27.2%23.1%
  Time to Breakeven83 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-30.7%-24.5%
  % Gain to Breakeven44.3%32.4%
  Time to Breakeven431 days427 days
2020 COVID-19 Crash
  % Loss-30.8%-33.7%
  % Gain to Breakeven44.5%50.9%
  Time to Breakeven77 days140 days
2008-2009 Global Financial Crisis
  % Loss-55.2%-53.4%
  % Gain to Breakeven123.2%114.4%
  Time to Breakeven712 days1085 days

Compare to QQQ, QQQM, ONEQ

In The Past

First Trust Nasdaq-100 Select Equal Weight ETF's stock fell -21.4% during the 2025 US Tariff Shock. Such a loss loss requires a 27.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

QQEW Dip Buy History


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
IWPiShares Russell Mid-Cap Growth ETF-5.4%139.699052026147.70817202619
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-8.3%34.20905202637.30622202675
EWYiShares MSCI South Korea ETF-13.8%188.879052026219.20621202676
EWZiShares MSCI Brazil ETF-9.3%37.86905202641.734142026144
FXIiShares China Large-Cap ETF-6.2%35.88905202638.265132026115
ILFiShares Latin America 40 ETF-5.3%36.07905202638.104142026144
KWEBKraneShares CSI China Internet ETF-15.9%26.05905202630.993102026179
MTUMiShares MSCI USA Momentum Factor ETF-11.7%304.869052026345.22622202675
SPHQInvesco S&P 500 Quality ETF-5.3%85.32905202690.10630202667
SPMOInvesco S&P 500 Momentum ETF-7.4%149.729052026161.66622202675
URAGlobal X Uranium ETF-20.9%46.06905202658.265062026122
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-13.6%35.95905202641.635132026115
ROBOROBO Global Robotics & Automation Index ETF-10.8%80.57905202690.34602202695
LITGlobal X Lithium & Battery Tech ETF-19.0%74.18905202691.625112026117
ICLNiShares Global Clean Energy ETF-25.2%17.77905202623.75602202695
ARKQARK Autonomous Technology & Robotics ETF-15.0%122.259052026143.825282026100
ARKXARK Space & Defense Innovation ETF-14.6%32.22905202637.745282026100
NASATema Space Innovators ETF-43.9%23.52905202641.895272026101
AGIXKraneShares Artificial Intelligence ETF-7.0%45.93905202649.40601202696
XLKState Street Technology Select Sector SPDR ETF-5.5%187.289052026198.21602202695
XLIState Street Industrial Select Sector SPDR ETF-6.0%175.279052026186.51816202620
XLCState Street Communication Services Select Sector SPDR ETF-5.9%112.039052026119.104192026139
XLYState Street Consumer Discretionary Select Sector SPDR ETF-5.9%114.919052026122.065282026100
XLUState Street Utilities Select Sector SPDR ETF-8.6%43.08905202647.154092026149
IYJiShares U.S. Industrials ETF-5.2%161.109052026169.86804202632
SMHVanEck Semiconductor ETF-15.2%567.019052026668.91622202675
SOXXiShares Semiconductor ETF-20.6%519.869052026655.01622202675
ITAiShares U.S. Aerospace & Defense ETF-10.9%225.619052026253.22816202620
IGViShares Expanded Tech-Software Sector ETF-5.2%104.579052026110.3282720269
IYTiShares U.S. Transportation ETF-6.5%84.17905202690.01716202651
MISLFirst Trust Indxx Aerospace & Defense ETF-12.0%43.53905202649.463092026180
RINGiShares MSCI Global Gold Miners ETF-6.2%87.40905202693.17825202611
SOXQInvesco PHLX Semiconductor ETF-19.7%92.409052026115.11622202675
TLTiShares 20+ Year Treasury Bond ETF-6.1%82.21905202687.523092026180
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.3%25.12905202626.523092026180
EDVVanguard World Funds Extended Duration ETF-8.9%60.29905202666.203092026180
GSGiShares GSCI Commodity-5.8%30.01905202631.853182026171
GLDSPDR Gold Trust-14.9%406.779052026477.863102026179
IAUiShares Gold Trust-14.8%83.39905202697.853102026179
GLDMSPDR Gold MiniShares Trust-14.7%87.739052026102.893102026179
SGOLETFS Physical Swiss Gold Shares-9.8%44.66905202649.533102026179
BARDirexion Daily Gold Bull 3X Shares-13.4%44.34905202651.203102026179
SLViShares Silver Trust-25.3%59.82905202680.093102026179
PPLTETFS Physical Platinum Shares-17.5%16.50905202620.003102026179
CPERUnited States Copper Index Fund ETV-7.7%33.33905202636.123112026178
PALLETFS Physical Palladium Shares-17.4%25.31905202630.643092026180
USOUnited States Oil Fund LP-7.2%141.969052026152.965192026109
UNGUnited States Natural Gas Fund LP-19.0%10.56905202613.043122026177
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85905202660.135042026124
SCHHSchwab U.S. REIT ETF-5.7%23.45905202624.86726202641
REETiShares Global REIT ETF-5.2%27.40905202628.89726202641
USRTiShares Core U.S. REIT ETF-6.4%65.34905202669.82726202641

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-09-04

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$28.1B), followed by Bond (+$18.6B), while Real Estate (−$338M) saw the largest outflows.
  • Within the mix, money rotated into Short Treasury (+$9.2B) and out of Intermediate Treasury (−$8.8B).
  • Relative to fund size, CNEQ drew the largest inflow (+86.6% of AUM) and SNXX the largest outflow (−28.0%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$33.36B+3.2%
2SGOViShares 0-3 Month Treasury Bond ETFCash+$6.84B+6.5%
3TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$6.28B+13.4%
4GLDSPDR Gold SharesCommodity Gold+$5.38B+3.6%
5VGSHVanguard Short-Term Treasury ETFBond Short Treasury+$4.69B+15.2%
6QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$4.6B+0.9%
7SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core+$3.91B+0.5%
8SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.79B+3.4%
9AVLVAvantis U.S. Large Cap Value ETFOther+$3.33B+15.6%
10IBITiShares Bitcoin Trust ETFCrypto+$2.99B+5.2%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$36.97B-4.2%
2IEFiShares 7-10 Year Treasury Bond ETFBond Intermediate Treasury-$4.88B-11.4%
3XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$3.76B-6.7%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$2.68B-8.2%
5HYGiShares iBoxx $ High Yield Corporate Bond ETFBond High Yield Corporate-$2.43B-14.4%
6VGITVanguard Intermediate-Term Treasury ETFBond Intermediate Treasury-$2.41B-5.7%
7DIAState Street SPDR Dow Jones Industrial Average ETF TrustEquity US Large Concentrated-$1.81B-3.9%
8GOVTiShares U.S. Treasury Bond ETFBond Intermediate Treasury-$1.76B-4.0%
9DRAMRoundhill Memory ETFOther-$1.33B-5.1%
10SOXXiShares Semiconductor ETFEquity Industry Subsector-$1.02B-2.4%

Largest ETF fund flows across ~2629 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About QQEW

0Holdings Count: 102
Expense Ratio: 0.55%
Inception Date: 2006-04-19
First Trust Nasdaq-100 Select Equal Weight ETF
The First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) aims to replicate the overall financial performance – covering both capital growth and income – of the Nasdaq-100 Select Equal Weight Index, prior to accounting for its own operational costs and charges. To achieve this, the Fund consistently allocates at least 80% of its net investments, which includes any borrowed funds, directly into the specific stocks that constitute this benchmark index.
Asset Class: Growth | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Asset ClassEquityEquityEquityEquity-
AUM ($ Bil)1.9489.0104.210.357.3
Expense Ratio0.55%0.18%0.15%0.21%0.19%
10-D Avg Volume (Mil)0.0441.173.760.352.05
Latest Day Volume (Mil)0.009.850.770.050.41
Holdings Count1021031041,046104
Inception Date4/19/20063/10/199910/13/20209/25/2003-

Fundamentals

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Net Asset Value165.55716.88294.93104.05-
Premium/Discount-2.5%0.3%0.4%0.4%0.3%
Distribution Yield0.3%0.4%0.4%0.5%0.4%
Sales Yield-15.8%15.9%17.9%15.9%
Earnings Yield-3.0%3.0%3.3%3.0%

Valuation

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
P/S (TTM)-6.3x6.3x5.6x6.3x
P/E (TTM)-32.9x32.8x30.4x32.8x
P/FCF (TTM)-47.1x46.9x53.0x47.1x
Forward P/E-21.4x21.5x21.9x21.5x
Forward P/S-5.1x5.1x4.6x5.1x

Risk

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Volatility (1Y)18.8%19.6%19.4%18.3%19.1%
Volatility (3Y)18.6%20.4%20.3%20.3%20.3%
Volatility (5Y)21.1%22.9%22.8%22.5%22.6%
Beta (1Y)1.221.421.411.371.39
Beta (3Y)1.131.291.281.301.29
Beta (5Y)1.161.281.281.271.27
Sharpe Ratio (1Y)1.021.251.261.211.23
Sharpe Ratio (3Y)0.821.181.191.181.18
Sharpe Ratio (5Y)0.430.700.710.650.68
Max Drawdown (1Y)-15.8%-12.0%-12.0%-12.8%-12.4%
Max Drawdown (3Y)-21.4%-22.8%-22.7%-24.1%-22.7%
Max Drawdown (5Y)-32.1%-35.1%-35.0%-35.2%-35.1%

Returns

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
1M Return1.3%0.6%0.6%0.6%0.6%
3M Return6.2%2.0%2.0%3.1%2.5%
6M Return21.1%20.0%20.0%18.6%20.0%
YTD Return13.5%17.2%17.2%14.4%15.8%
1Y Return18.9%25.5%25.5%22.7%24.1%
2Y Return30.6%52.4%52.5%51.2%51.8%
3Y Return50.5%93.9%94.3%92.9%93.4%

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 7312026-33.2%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1