Tearsheet

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


Market Price (7/15/2026): $157.42

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


Market Price (7/15/2026): $157.42

Key Takeaways

  • QQEW has returned +10.8% YTD vs +10.6% for SPY, +17.3% for QQQ; +14.8% over the past 12 months (SPY +21.4%, QQQ +29.9%). details →
  • Priced in gold, QQEW has returned -28.7% over the past 3 years, vs +45.7% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, QQEW has seen net outflows of −$29M (−1.6% 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 23% of the fund vs 45% for QQQ — a more diversified portfolio. details →
Last updated: 7/14/2026.

Price Chart

Asset Allocation with QQEW

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.8%
Volatility
11.9%
Sharpe
0.77
YTD
+6.7%
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.

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

Top 20 Holdings for QQEW

Total Weights
Top 5: 11.9% | Top 10: 22.9% | Top 20: 44.3%

HoldingETF Weight
05464C101Axon Enterprise Inc.2.48%
482480100KLA Corporation2.37%
04626A103Astera Labs, Inc.2.37%
25809K105DoorDash, Inc. (Class A)2.37%
697435105Palo Alto Networks, Inc.2.28%
34959E109Fortinet, Inc.2.25%
009066101Airbnb, Inc. (Class A)2.20%
N07059210ASML Holding N.V. (New York Registry Shares)2.20%
704326107Paychex, Inc.2.18%
61174X109Monster Beverage Corporation2.18%
512807306Lam Research Corporation2.17%
958102105Western Digital Corporation2.16%
776696106Roper Technologies, Inc.2.15%
58733R102MercadoLibre, Inc.2.15%
053015103Automatic Data Processing, Inc.2.15%
92532F100Vertex Pharmaceuticals Incorporated2.14%
007903107Advanced Micro Devices, Inc.2.13%
75886F107Regeneron Pharmaceuticals, Inc.2.13%
031162100Amgen Inc.2.13%
09857L108Booking Holdings Inc.2.10%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
QQEW Return18%-25%33%7%14%10%60%
Peers Return26%-32%52%27%21%15%127%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
QQEW Win Rate67%33%58%67%58%43% 
Peers Win Rate81%33%67%75%67%43% 
S&P 500 Win Rate75%42%67%75%67%57% 

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 7/14/2026 (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
QQEW0.780.620.29
Equity Top Results (3Y)   
NUSC2.472.472.47
IALT2.092.092.09
SPMO1.671.650.98
VLUE2.901.450.74
SMH2.401.410.98

Results as of 6302026.

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
AKREAkre Focus ETF-15.1%54.98714202664.741132026182
VSSVanguard FTSE All-World EX-US Small-Cap Index Fund-5.4%153.087142026161.79511202664
SCHCSchwab International Small-Cap Equity ETF-6.4%48.24714202651.543012026135
IEMGiShares Core MSCI Emerging Markets ETF-7.3%79.72714202686.00622202622
EEMiShares MSCI Emerging Markets ETF-7.8%65.67714202671.21622202622
EWYiShares MSCI South Korea ETF-19.3%176.987142026219.20621202623
EWZiShares MSCI Brazil ETF-13.7%36.03714202641.73414202691
FXIiShares China Large-Cap ETF-17.2%33.77714202640.781292026166
ILFiShares Latin America 40 ETF-8.9%34.71714202638.10414202691
KWEBKraneShares CSI China Internet ETF-29.1%26.18714202636.921132026182
MTUMiShares MSCI USA Momentum Factor ETF-7.4%319.767142026345.22622202622
SPMOInvesco S&P 500 Momentum ETF-5.4%152.867142026161.66622202622
URAGlobal X Uranium ETF-32.8%41.55714202661.811282026167
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-13.8%35.88714202641.63513202662
ROBOROBO Global Robotics & Automation Index ETF-10.6%80.78714202690.34602202642
LITGlobal X Lithium & Battery Tech ETF-21.9%71.58714202691.62511202664
ICLNiShares Global Clean Energy ETF-19.7%19.07714202623.75602202642
ARKQARK Autonomous Technology & Robotics ETF-15.0%122.287142026143.82528202647
ARKXARK Space & Defense Innovation ETF-15.9%31.74714202637.74528202647
NASATema Space Innovators ETF-39.8%25.21714202641.89527202648
AGIXKraneShares Artificial Intelligence ETF-9.7%44.60714202649.40601202643
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-11.8%62.06714202670.39511202664
RAAXVanEck Real Assets ETF-6.7%39.85714202642.70511202664
VGTVanguard Information Technology ETF-6.8%117.117142026125.62602202642
XLKState Street Technology Select Sector SPDR ETF-7.4%183.627142026198.21602202642
XLEState Street Energy Select Sector SPDR ETF-9.0%56.95714202662.563292026107
XLCState Street Communication Services Select Sector SPDR ETF-6.9%111.457142026119.702012026163
XLYState Street Consumer Discretionary Select Sector SPDR ETF-6.5%115.907142026123.961132026182
XLPState Street Consumer Staples Select Sector SPDR ETF-6.8%83.42714202689.513012026135
XLBState Street Materials Select Sector SPDR ETF-5.1%50.64714202653.382112026153
IYMiShares U.S. Basic Materials ETF-6.0%177.797142026189.083022026134
FXNFirst Trust Energy AlphaDEX Fund-8.9%21.12714202623.183292026107
SMHVanEck Semiconductor ETF-10.3%600.317142026668.91622202622
SOXXiShares Semiconductor ETF-13.3%567.927142026655.01622202622
XBIState Street SPDR S&P Biotech ETF-5.4%155.457142026164.2870920265
ITAiShares U.S. Aerospace & Defense ETF-6.2%235.277142026250.7870620268
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-11.9%165.857142026188.183292026107
IGViShares Expanded Tech-Software Sector ETF-13.1%93.637142026107.70601202643
MISLFirst Trust Indxx Aerospace & Defense ETF-14.3%43.71714202650.981192026176
RINGiShares MSCI Global Gold Miners ETF-35.3%64.29714202699.423012026135
SOXQInvesco PHLX Semiconductor ETF-13.4%99.657142026115.11622202622
BWXState Street SPDR Bloomberg International Treasury Bond ETF-5.7%21.59714202622.902162026148
IGOViShares International Treasury Bond ETF-5.1%40.79714202642.993012026135
TLTiShares 20+ Year Treasury Bond ETF-6.0%84.08714202689.483012026135
VGLTVanguard Long-Term Treasury ETF-5.1%53.84714202656.763012026135
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.5%25.61714202627.093012026135
TLHiShares 10-20 Year Treasury Bond ETF-5.1%98.217142026103.453012026135
EDVVanguard World Funds Extended Duration ETF-8.4%61.75714202667.423012026135
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-9.7%17.08714202618.91512202663
DBCInvesco DB Commodity Index Tracking Fund-9.7%28.63714202631.69512202663
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-11.4%32.35714202636.53519202656
GSGiShares GSCI Commodity-5.8%30.01714202631.853182026118
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-8.9%23.60714202625.91512202663
FTGCFirst Trust Global Tactical Commodity Strategy Fund-6.3%28.62714202630.53512202663
HGERHarbor Commodity All-Weather Strategy ETF-5.6%31.58714202633.47512202663
GLDSPDR Gold Trust-25.0%372.157142026495.901292026166
IAUiShares Gold Trust-24.9%76.277142026101.571292026166
GLDMSPDR Gold MiniShares Trust-24.8%80.257142026106.771292026166
SGOLETFS Physical Swiss Gold Shares-13.1%44.66714202651.411292026166
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34714202653.161292026166
SLViShares Silver Trust-49.6%53.177142026105.601282026167
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.397142026110.871282026167
PPLTETFS Physical Platinum Shares-41.4%14.78714202625.231252026170
CPERUnited States Copper Index Fund ETV-13.9%33.33714202638.711292026166
PALLETFS Physical Palladium Shares-36.3%23.70714202637.181282026167
USOUnited States Oil Fund LP-21.4%120.177142026152.96519202656
UNGUnited States Natural Gas Fund LP-37.8%10.52714202616.902012026163
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85714202660.13504202671
IBITiShares Bitcoin Trust ETF-34.0%36.58714202655.441142026181
FBTCFidelity Wise Origin Bitcoin Fund-34.0%56.22714202685.121142026181
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84714202676.311142026181
ETHAiShares Ethereum Trust ETF-44.6%14.18714202625.591142026181

ETF Fund Flows

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

Net fund flows · as of 2026-07-13

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$94.1B), followed by Bond (+$27.8B), while Crypto (−$3.2B) and Commodity (−$3.2B) saw the largest outflows.
  • Within the mix, money rotated into US Large Cap Core (+$44.8B) and out of Gold (−$3.2B).
  • Relative to fund size, ARKQ drew the largest inflow (+50.4% of AUM) and NASA the largest outflow (−90.0%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core+$84.73B+9.6%
2SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$15.01B+9.8%
3DRAMRoundhill Memory ETFOther+$9.34B+39.9%
4SOXXiShares Semiconductor ETFEquity Industry Subsector+$5.87B+12.9%
5LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate+$5.56B+16.7%
6VXUSVanguard Total International Stock ETFEquity International Broad+$4.44B+2.9%
7AVLVAvantis U.S. Large Cap Value ETFOther+$3.94B+23.6%
8VTIVanguard Total Stock Market ETFEquity US Total Market+$3.85B+0.6%
9BNDVanguard Total Bond Market ETFBond US Aggregate Core+$3.27B+2.0%
10SGOViShares 0-3 Month Treasury Bond ETFCash+$2.99B+3.1%
Largest outflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core-$52.78B-5.4%
2VLUEiShares MSCI USA Value Factor ETFEquity Factor Smart Beta-$4.64B-43.7%
3SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core-$2.58B-0.3%
4IBITiShares Bitcoin Trust ETFCrypto-$2.04B-4.4%
5IAUiShares Gold TrustCommodity Gold-$1.63B-2.6%
6IQMMProShares - GENIUS Money Market ETFOther-$1.43B-7.0%
7NASATema Space Innovators ETFEquity Thematic-$1.38B-90.0%
8GLDSPDR Gold SharesCommodity Gold-$1.36B-1.0%
9XLEState Street Energy Select Sector SPDR ETFEquity Broad Sector-$1.02B-2.8%
10VOVanguard Mid-Cap ETFEquity US Mid Cap Core-$986M-0.9%

Largest ETF fund flows across ~2561 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)1.8472.5100.610.755.6
Expense Ratio0.55%0.18%0.15%0.21%0.19%
10-D Avg Volume (Mil)0.0543.784.110.412.26
Latest Day Volume (Mil)0.0335.333.330.321.82
Holdings Count1021041051,046104
Inception Date4/19/20063/10/199910/13/20209/25/2003-

Fundamentals

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Net Asset Value159.11711.88298.72103.49-
Premium/Discount-1.0%1.1%-0.8%-0.6%-0.7%
Distribution Yield0.3%0.4%0.4%0.5%0.4%
Sales Yield-15.5%15.2%17.6%15.5%
Earnings Yield-2.7%2.6%2.9%2.7%

Valuation

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
P/S (TTM)-6.5x6.6x5.7x6.5x
P/E (TTM)-37.6x38.0x35.0x37.6x
P/FCF (TTM)-49.2x50.0x52.0x50.0x
Forward P/E-22.7x22.7x23.2x22.7x
Forward P/S-5.2x5.3x4.7x5.2x

Risk

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Volatility (1Y)18.2%18.6%18.5%17.7%18.3%
Volatility (3Y)18.5%20.3%20.1%20.2%20.2%
Volatility (5Y)21.0%22.8%22.6%22.4%22.5%
Beta (1Y)1.211.381.371.351.36
Beta (3Y)1.131.291.281.301.28
Beta (5Y)1.151.281.271.261.27
Sharpe Ratio (1Y)0.881.521.531.461.49
Sharpe Ratio (3Y)0.841.241.251.201.22
Sharpe Ratio (5Y)0.450.750.750.670.71
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 Return3.1%0.4%0.4%1.1%0.8%
3M Return20.6%16.6%16.6%12.7%16.6%
6M Return9.2%15.0%15.0%10.6%12.8%
YTD Return10.8%17.3%17.3%12.7%15.0%
1Y Return15.4%30.3%30.4%27.5%28.9%
2Y Return27.0%45.9%46.1%43.4%44.6%
3Y Return51.4%99.7%100.0%95.2%97.5%

Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 6152026-33.9%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1