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


Market Price (8/24/2026): $164.37

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


Market Price (8/24/2026): $164.37

Key Takeaways

  • QQEW has returned +15.7% YTD vs +12.6% for SPY, +16.3% for QQQ; +20.0% over the past 12 months (SPY +19.7%, QQQ +25.2%). details →
  • Priced in gold, QQEW has returned -33.7% over the past 3 years, vs +59.8% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, QQEW has seen net inflows of +$16M (+0.9% of assets). details →
  • QQEW is trading within 1.6% of its all-time high. details →
  • Risk-adjusted returns trail QQQ: 3-year Sharpe ratio of 0.5 vs 0.9. details →
Last updated: 8/23/2026.

Price Chart

Asset Allocation with QQEW

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.6%
Volatility
11.9%
Sharpe
0.75
YTD
+11.1%
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: 13.4% | Top 10: 25.8% | Top 20: 48.1%

HoldingETF Weight
25809K105DoorDash, Inc. (Class A)2.74%
009066101Airbnb, Inc. (Class A)2.72%
05464C101Axon Enterprise Inc.2.68%
98138H101Workday, Inc. (Class A)2.64%
75886F107Regeneron Pharmaceuticals, Inc.2.63%
031162100Amgen Inc.2.52%
704326107Paychex, Inc.2.48%
776696106Roper Technologies, Inc.2.47%
053015103Automatic Data Processing, Inc.2.47%
09857L108Booking Holdings Inc.2.46%
697435105Palo Alto Networks, Inc.2.43%
252131107DexCom, Inc.2.40%
92532F100Vertex Pharmaceuticals Incorporated2.37%
58733R102MercadoLibre, Inc.2.22%
69608A108Palantir Technologies Inc. (Class A)2.18%
34959E109Fortinet, Inc.2.14%
461202103Intuit Inc.2.14%
N07059210ASML Holding N.V. (New York Registry Shares)2.13%
052769106Autodesk, Inc.2.13%
61174X109Monster Beverage Corporation2.11%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
QQEW Return18%-25%33%7%14%15%66%
Peers Return26%-32%52%27%21%15%127%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
QQEW Win Rate67%33%58%67%58%50% 
Peers Win Rate81%33%67%75%67%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

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 8/21/2026 (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
QQEW0.480.480.25
Equity Top Results (3Y)   
IALT2.112.112.11
SPMO0.891.380.82
VLUE2.491.260.69
CORO1.331.251.25
CGDV1.351.230.94

Results as of 7312026.

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.
Notify Me →

Current Dip Buy Opportunities Across ETFs

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

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
MAGSRoundhill Magnificent Seven ETF-5.2%67.28823202670.945142026101
IEMGiShares Core MSCI Emerging Markets ETF-5.2%81.57823202686.00622202662
EEMiShares MSCI Emerging Markets ETF-5.7%67.12823202671.21622202662
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-7.5%34.49823202637.30622202662
EWYiShares MSCI South Korea ETF-18.6%178.348232026219.20621202663
EWZiShares MSCI Brazil ETF-16.0%35.06823202641.734142026131
FXIiShares China Large-Cap ETF-7.6%35.86823202638.812222026182
ILFiShares Latin America 40 ETF-9.0%34.68823202638.104142026131
KWEBKraneShares CSI China Internet ETF-18.5%26.66823202632.702222026182
MTUMiShares MSCI USA Momentum Factor ETF-11.6%305.178232026345.22622202662
SPMOInvesco S&P 500 Momentum ETF-8.0%148.738232026161.66622202662
URAGlobal X Uranium ETF-20.9%46.07823202658.265062026109
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-13.4%36.04823202641.635132026102
ROBOROBO Global Robotics & Automation Index ETF-10.2%81.17823202690.34602202682
LITGlobal X Lithium & Battery Tech ETF-16.4%76.61823202691.625112026104
ICLNiShares Global Clean Energy ETF-25.9%17.59823202623.75602202682
ARKQARK Autonomous Technology & Robotics ETF-12.7%125.588232026143.82528202687
ARKXARK Space & Defense Innovation ETF-11.9%33.25823202637.74528202687
NASATema Space Innovators ETF-41.2%24.64823202641.89527202688
AGIXKraneShares Artificial Intelligence ETF-9.2%44.85823202649.40601202683
VGTVanguard Information Technology ETF-5.7%118.428232026125.62602202682
XLKState Street Technology Select Sector SPDR ETF-7.5%183.318232026198.21602202682
XLCState Street Communication Services Select Sector SPDR ETF-6.5%111.408232026119.104192026126
XLUState Street Utilities Select Sector SPDR ETF-9.8%42.77823202647.403012026175
SMHVanEck Semiconductor ETF-16.2%560.428232026668.91622202662
SOXXiShares Semiconductor ETF-20.6%520.058232026655.01622202662
ITAiShares U.S. Aerospace & Defense ETF-6.3%237.348232026253.2281620267
MISLFirst Trust Indxx Aerospace & Defense ETF-10.1%45.53823202650.663022026174
RINGiShares MSCI Global Gold Miners ETF-8.6%90.85823202699.423012026175
SOXQInvesco PHLX Semiconductor ETF-19.7%92.428232026115.11622202662
TLTiShares 20+ Year Treasury Bond ETF-8.0%82.05823202689.153012026175
VGLTVanguard Long-Term Treasury ETF-6.7%52.75823202656.533012026175
SPTLState Street SPDR Portfolio Long Term Treasury ETF-7.1%25.09823202626.993012026175
TLHiShares 10-20 Year Treasury Bond ETF-6.2%96.698232026103.083012026175
EDVVanguard World Funds Extended Duration ETF-11.7%59.51823202667.423012026175
SPLBState Street SPDR Portfolio Long Term Corporate Bond ETF-5.3%21.33823202622.522262026178
GSGiShares GSCI Commodity-5.8%30.01823202631.853182026158
GLDSPDR Gold Trust-13.6%423.368232026490.003022026174
IAUiShares Gold Trust-13.5%86.798232026100.383022026174
GLDMSPDR Gold MiniShares Trust-13.5%91.328232026105.543022026174
SGOLETFS Physical Swiss Gold Shares-12.1%44.66823202650.813022026174
BARDirexion Daily Gold Bull 3X Shares-15.6%44.34823202652.533022026174
SLViShares Silver Trust-26.2%62.72823202684.993012026175
SIVRETFS Physical Silver Shares Trust ETF-6.6%83.39823202689.263012026175
PPLTETFS Physical Platinum Shares-20.7%17.02823202621.473012026175
CPERUnited States Copper Index Fund ETV-9.6%33.33823202636.883012026175
PALLETFS Physical Palladium Shares-24.9%24.45823202632.542242026180
USOUnited States Oil Fund LP-12.0%134.648232026152.96519202696
UNGUnited States Natural Gas Fund LP-23.4%9.99823202613.043122026164
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85823202660.135042026111
IBITiShares Bitcoin Trust ETF-6.0%43.68823202646.475112026104
FBTCFidelity Wise Origin Bitcoin Fund-6.1%67.02823202671.355112026104

ETF Fund Flows

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

Net fund flows · as of 2026-08-21

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$48.2B), followed by Bond (+$16.9B), while Real Estate (−$119M) saw the largest outflows.
  • Within the mix, money rotated into US Nasdaq Growth (+$17.8B) and out of Broad Sector (−$2.8B).
  • Relative to fund size, CNEQ drew the largest inflow (+87.7% of AUM) and FTXL the largest outflow (−67.4%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$14.77B+1.4%
2QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$14.22B+2.9%
3SGOViShares 0-3 Month Treasury Bond ETFCash+$5.36B+5.3%
4GLDSPDR Gold SharesCommodity Gold+$5.35B+3.8%
5SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$5.01B+3.0%
6TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$4.89B+11.0%
7VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$3.74B+0.5%
8SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.69B+3.5%
9QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$3.63B+3.5%
10AVLVAvantis U.S. Large Cap Value ETFOther+$3.31B+18.1%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$13.36B-1.5%
2IEFiShares 7-10 Year Treasury Bond ETFBond Intermediate Treasury-$4.25B-9.8%
3XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$1.6B-2.7%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$1.27B-3.8%
5XLVState Street Health Care Select Sector SPDR ETFEquity Broad Sector-$983M-2.3%
6FTXLFirst Trust Nasdaq Semiconductor ETFOther-$896M-67.4%
7EWZiShares MSCI Brazil ETFEquity Emerging Markets-$891M-10.0%
8VUGVanguard Morningstar Growth ETFEquity US Large Growth-$818M-0.4%
9MTUMiShares MSCI USA Momentum Factor ETFEquity Factor Smart Beta-$805M-3.2%
10SOXXiShares Semiconductor ETFEquity Industry Subsector-$703M-1.6%

Largest ETF fund flows across ~2622 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)1.9498.5104.110.357.2
Expense Ratio0.55%0.18%0.15%0.21%0.19%
10-D Avg Volume (Mil)0.0442.133.780.362.07
Latest Day Volume (Mil)0.0534.832.510.191.35
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 Value164.38729.78293.67103.17-
Premium/Discount0.0%-2.2%0.0%-0.0%-0.0%
Distribution Yield0.3%0.4%0.4%0.5%0.4%
Sales Yield-15.8%15.9%18.0%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)-33.4x33.1x30.7x33.1x
P/FCF (TTM)-47.7x47.0x52.8x47.7x
Forward P/E-21.4x21.4x21.8x21.4x
Forward P/S-5.1x5.1x4.6x5.1x

Risk

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Volatility (1Y)18.7%19.6%19.4%18.3%19.1%
Volatility (3Y)18.6%20.5%20.3%20.3%20.3%
Volatility (5Y)21.1%22.9%22.8%22.5%22.6%
Beta (1Y)1.211.411.401.371.38
Beta (3Y)1.131.291.281.301.29
Beta (5Y)1.161.281.271.271.27
Sharpe Ratio (1Y)1.131.301.311.281.29
Sharpe Ratio (3Y)0.911.231.241.221.23
Sharpe Ratio (5Y)0.470.710.720.660.69
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 Return8.4%3.1%3.1%4.2%3.7%
3M Return10.5%-0.1%-0.2%-0.2%-0.2%
6M Return23.5%17.3%17.4%14.7%17.3%
YTD Return15.7%16.3%16.3%13.0%16.0%
1Y Return21.4%26.5%26.6%24.3%25.4%
2Y Return34.7%51.6%51.8%49.9%50.8%
3Y Return58.0%100.0%100.4%98.4%99.2%

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 715202621.5%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1