Tearsheet

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


Market Price (7/10/2026): $159.35

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


Market Price (7/10/2026): $159.35

Key Takeaways

  • QQEW has returned +12.2% YTD vs +10.5% for SPY, +17.9% for QQQ; +15.7% over the past 12 months (SPY +21.5%, QQQ +30.5%). details →
  • Priced in gold, QQEW has returned -28.7% over the past 3 years, vs +50.6% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, QQEW has seen net outflows of −$43M (−2.4% of assets). details →
  • QQEW is trading within 1.5% of its all-time high. details →
  • Risk-adjusted returns trail QQQ: 3-year Sharpe ratio of 0.6 vs 1.0. details →
Last updated: 7/9/2026.

Price Chart

Asset Allocation with QQEW

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+12.0%
Volatility
11.8%
Sharpe
0.78
YTD
+7.4%
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: 12.3% | Top 10: 23.5% | Top 20: 45.0%

HoldingETF Weight
05464C101Axon Enterprise Inc.2.64%
697435105Palo Alto Networks, Inc.2.45%
482480100KLA Corporation2.43%
25809K105DoorDash, Inc. (Class A)2.39%
04626A103Astera Labs, Inc.2.35%
92532F100Vertex Pharmaceuticals Incorporated2.34%
34959E109Fortinet, Inc.2.25%
776696106Roper Technologies, Inc.2.22%
009066101Airbnb, Inc. (Class A)2.22%
031162100Amgen Inc.2.21%
61174X109Monster Beverage Corporation2.20%
512807306Lam Research Corporation2.19%
09857L108Booking Holdings Inc.2.19%
N07059210ASML Holding N.V. (New York Registry Shares)2.18%
704326107Paychex, Inc.2.18%
053015103Automatic Data Processing, Inc.2.17%
75886F107Regeneron Pharmaceuticals, Inc.2.11%
23804L103Datadog, Inc. (Class A)2.09%
58733R102MercadoLibre, Inc.2.07%
02043Q107Alnylam Pharmaceuticals, Inc.2.06%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
QQEW Return18%-25%33%7%14%10%60%
Peers Return26%-32%52%27%21%15%126%
S&P 500 Return27%-19%24%23%16%9%99%

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%43% 

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 7/9/2026 (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.
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-5.9%66.76709202670.94514202656
AKREAkre Focus ETF-16.9%54.78709202665.921112026179
VSSVanguard FTSE All-World EX-US Small-Cap Index Fund-5.2%153.337092026161.79511202659
SCHCSchwab International Small-Cap Equity ETF-6.9%47.99709202651.543012026130
IEMGiShares Core MSCI Emerging Markets ETF-5.8%81.02709202686.00622202617
EEMiShares MSCI Emerging Markets ETF-6.2%66.78709202671.21622202617
FNDESchwab Fundamental Emerging Markets Equity ETF-5.1%40.17709202642.35602202637
EWYiShares MSCI South Korea ETF-15.7%184.757092026219.20621202618
EWZiShares MSCI Brazil ETF-16.2%34.96709202641.73414202686
FXIiShares China Large-Cap ETF-18.1%33.41709202640.781292026161
ILFiShares Latin America 40 ETF-11.2%33.82709202638.10414202686
KWEBKraneShares CSI China Internet ETF-29.7%26.48709202637.661122026178
SCHYSchwab International Dividend Equity ETF-5.0%32.03709202633.733012026130
MTUMiShares MSCI USA Momentum Factor ETF-7.0%321.207092026345.22622202617
SPMOInvesco S&P 500 Momentum ETF-5.3%153.087092026161.66622202617
URAGlobal X Uranium ETF-31.5%42.35709202661.811282026162
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-12.0%36.63709202641.63513202657
ROBOROBO Global Robotics & Automation Index ETF-8.6%82.59709202690.34602202637
LITGlobal X Lithium & Battery Tech ETF-20.5%72.82709202691.62511202659
ICLNiShares Global Clean Energy ETF-18.6%19.33709202623.75602202637
ARKQARK Autonomous Technology & Robotics ETF-13.3%124.707092026143.82528202642
ARKXARK Space & Defense Innovation ETF-14.4%32.31709202637.74528202642
NASATema Space Innovators ETF-36.3%26.69709202641.89527202643
AGIXKraneShares Artificial Intelligence ETF-7.5%45.69709202649.40601202638
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-10.7%62.84709202670.39511202659
RAAXVanEck Real Assets ETF-7.3%39.58709202642.70511202659
VGTVanguard Information Technology ETF-6.3%117.717092026125.62602202637
XLKState Street Technology Select Sector SPDR ETF-6.5%185.357092026198.21602202637
XLEState Street Energy Select Sector SPDR ETF-12.4%54.82709202662.563292026102
XLCState Street Communication Services Select Sector SPDR ETF-7.7%110.517092026119.702012026158
XLYState Street Consumer Discretionary Select Sector SPDR ETF-6.0%116.857092026124.271122026178
XLPState Street Consumer Staples Select Sector SPDR ETF-7.0%83.20709202689.513012026130
XLBState Street Materials Select Sector SPDR ETF-5.8%50.26709202653.382112026148
IYMiShares U.S. Basic Materials ETF-6.4%177.017092026189.083022026129
FXNFirst Trust Energy AlphaDEX Fund-10.9%20.65709202623.183292026102
SMHVanEck Semiconductor ETF-9.1%607.737092026668.91622202617
SOXXiShares Semiconductor ETF-11.2%581.707092026655.01622202617
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-15.3%159.467092026188.183292026102
IGViShares Expanded Tech-Software Sector ETF-12.8%93.887092026107.70601202638
MISLFirst Trust Indxx Aerospace & Defense ETF-12.2%44.78709202650.981192026171
RINGiShares MSCI Global Gold Miners ETF-34.5%65.15709202699.423012026130
SOXQInvesco PHLX Semiconductor ETF-11.4%101.977092026115.11622202617
BWXState Street SPDR Bloomberg International Treasury Bond ETF-6.0%21.52709202622.902162026143
IGOViShares International Treasury Bond ETF-5.2%40.75709202642.993012026130
TLTiShares 20+ Year Treasury Bond ETF-5.6%84.49709202689.483012026130
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.1%25.71709202627.093012026130
EDVVanguard World Funds Extended Duration ETF-7.8%62.18709202667.423012026130
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-13.2%16.42709202618.91512202658
DBCInvesco DB Commodity Index Tracking Fund-13.0%27.58709202631.69512202658
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-14.0%31.42709202636.53519202651
GSGiShares GSCI Commodity-5.8%30.01709202631.853182026113
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-11.3%22.99709202625.91512202658
FTGCFirst Trust Global Tactical Commodity Strategy Fund-8.1%28.05709202630.53512202658
HGERHarbor Commodity All-Weather Strategy ETF-7.9%30.83709202633.47512202658
GLDSPDR Gold Trust-23.7%378.187092026495.901292026161
IAUiShares Gold Trust-23.7%77.517092026101.571292026161
GLDMSPDR Gold MiniShares Trust-23.6%81.547092026106.771292026161
SGOLETFS Physical Swiss Gold Shares-13.1%44.66709202651.411292026161
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34709202653.161292026161
SLViShares Silver Trust-48.7%54.147092026105.601282026162
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.397092026110.871282026162
PPLTETFS Physical Platinum Shares-42.0%14.62709202625.231252026165
CPERUnited States Copper Index Fund ETV-13.9%33.33709202638.711292026161
PALLETFS Physical Palladium Shares-38.9%22.70709202637.181282026162
USOUnited States Oil Fund LP-28.7%109.017092026152.96519202651
UNGUnited States Natural Gas Fund LP-35.9%10.83709202616.902012026158
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85709202660.13504202666
IBITiShares Bitcoin Trust ETF-35.4%35.81709202655.441142026176
FBTCFidelity Wise Origin Bitcoin Fund-35.4%54.96709202685.121142026176
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84709202676.311142026176
ETHAiShares Ethereum Trust ETF-48.5%13.19709202625.591142026176

ETF Fund Flows

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

Net fund flows · as of 2026-07-08

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$59.1B), followed by Bond (+$28.7B), while Commodity (−$4.5B) and Crypto (−$3.0B) saw the largest outflows.
  • Within the mix, money rotated into Industry Subsector (+$13.0B) and out of Gold (−$4.5B).
  • Relative to fund size, SNXX drew the largest inflow (+56.4% of AUM) and FXN the largest outflow (−68.0%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core+$47.56B+5.5%
2SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$11.52B+7.7%
3DRAMRoundhill Memory ETFOther+$8.45B+37.2%
4SOXXiShares Semiconductor ETFEquity Industry Subsector+$7.16B+16.3%
5LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate+$6.56B+20.5%
6QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$5.02B+1.0%
7SMHVanEck Semiconductor ETFEquity Industry Subsector+$3.87B+5.4%
8AVLVAvantis U.S. Large Cap Value ETFOther+$3.74B+23.7%
9QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$3.71B+3.8%
10VTIVanguard Total Stock Market ETFEquity US Total Market+$3.62B+0.5%
Largest outflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core-$54.78B-5.6%
2SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core-$4.73B-0.6%
3VLUEiShares MSCI USA Value Factor ETFEquity Factor Smart Beta-$4.37B-36.9%
4GLDSPDR Gold SharesCommodity Gold-$2.27B-1.7%
5IBITiShares Bitcoin Trust ETFCrypto-$2.06B-4.4%
6IAUiShares Gold TrustCommodity Gold-$2.03B-3.3%
7VOVanguard Mid-Cap ETFEquity US Mid Cap Core-$1.07B-1.0%
8NASATema Space Innovators ETFEquity Thematic-$867M-48.9%
9IQMMProShares - GENIUS Money Market ETFOther-$814M-3.9%
10FXNFirst Trust Energy AlphaDEX FundEquity Broad Sector-$783M-68.0%

Largest ETF fund flows across ~2560 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)1.8488.098.310.954.6
Expense Ratio0.55%0.18%0.15%0.21%0.19%
10-D Avg Volume (Mil)0.0544.774.110.412.26
Latest Day Volume (Mil)0.0329.422.540.361.45
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 Value159.18722.45293.73102.53-
Premium/Discount0.1%0.1%1.4%0.7%0.4%
Distribution Yield0.3%0.4%0.4%0.5%0.4%
Sales Yield-15.4%15.6%17.8%15.6%
Earnings Yield-2.6%2.7%2.9%2.7%

Valuation

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
P/S (TTM)-6.5x6.4x5.6x6.4x
P/E (TTM)-37.8x37.6x34.8x37.6x
P/FCF (TTM)-49.9x49.8x51.5x49.9x
Forward P/E-22.6x22.5x23.3x22.6x
Forward P/S-5.2x5.2x4.7x5.2x

Risk

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Volatility (1Y)18.1%18.5%18.3%17.6%18.2%
Volatility (3Y)18.5%20.3%20.1%20.2%20.1%
Volatility (5Y)21.0%22.7%22.6%22.4%22.5%
Beta (1Y)1.211.371.361.351.35
Beta (3Y)1.131.291.281.301.28
Beta (5Y)1.151.271.271.261.26
Sharpe Ratio (1Y)0.901.571.581.541.55
Sharpe Ratio (3Y)0.831.231.241.191.21
Sharpe Ratio (5Y)0.460.760.770.680.72
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 Return4.1%1.0%1.0%1.1%1.0%
3M Return21.8%19.3%19.3%15.9%19.3%
6M Return9.4%16.2%16.2%11.6%13.9%
YTD Return12.2%17.9%17.9%13.1%15.5%
1Y Return15.8%31.4%31.5%29.0%30.2%
2Y Return29.1%48.7%48.8%45.7%47.2%
3Y Return50.7%98.5%98.9%93.9%96.2%

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 531202645.6%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1