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


Market Price (8/26/2026): $163.67

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


Market Price (8/26/2026): $163.67

Key Takeaways

  • QQEW has returned +15.4% YTD vs +12.6% for SPY, +15.8% for QQQ; +20.7% over the past 12 months (SPY +20.2%, QQQ +25.1%). details →
  • Priced in gold, QQEW has returned -36.0% over the past 3 years, vs +58.0% 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 1.8% of its all-time high. details →
  • Risk-adjusted returns trail QQQ: 3-year Sharpe ratio of 0.5 vs 0.9. details →
Last updated: 8/25/2026.

Price Chart

Asset Allocation with QQEW

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.4%
Volatility
11.9%
Sharpe
0.74
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.

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: 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%14%126%
S&P 500 Return27%-19%24%23%16%12%104%

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 8/25/2026 (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


Get Notified
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
IWFiShares Russell 1000 Growth ETF-5.4%121.838252026128.77601202685
VONGVanguard Russell 1000 Growth ETF-5.2%125.438252026132.35601202685
EEMiShares MSCI Emerging Markets ETF-5.6%67.25825202671.21622202664
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-8.6%34.08825202637.30622202664
EWYiShares MSCI South Korea ETF-17.8%180.158252026219.20621202665
EWZiShares MSCI Brazil ETF-14.0%35.88825202641.734142026133
FXIiShares China Large-Cap ETF-7.4%35.56825202638.422252026181
ILFiShares Latin America 40 ETF-7.6%35.21825202638.104142026133
KWEBKraneShares CSI China Internet ETF-18.1%26.41825202632.252242026182
MTUMiShares MSCI USA Momentum Factor ETF-12.4%302.408252026345.22622202664
SPMOInvesco S&P 500 Momentum ETF-8.8%147.418252026161.66622202664
URAGlobal X Uranium ETF-17.4%48.14825202658.265062026111
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-13.9%35.85825202641.635132026104
ROBOROBO Global Robotics & Automation Index ETF-10.4%80.93825202690.34602202684
LITGlobal X Lithium & Battery Tech ETF-16.4%76.59825202691.625112026106
ICLNiShares Global Clean Energy ETF-25.7%17.65825202623.75602202684
ARKQARK Autonomous Technology & Robotics ETF-14.7%122.748252026143.82528202689
ARKXARK Space & Defense Innovation ETF-13.9%32.49825202637.74528202689
NASATema Space Innovators ETF-43.4%23.69825202641.89527202690
AGIXKraneShares Artificial Intelligence ETF-9.5%44.69825202649.40601202685
VGTVanguard Information Technology ETF-6.5%117.518252026125.62602202684
XLKState Street Technology Select Sector SPDR ETF-8.3%181.748252026198.21602202684
XLUState Street Utilities Select Sector SPDR ETF-8.6%43.31825202647.403012026177
SMHVanEck Semiconductor ETF-16.9%555.828252026668.91622202664
SOXXiShares Semiconductor ETF-21.5%514.068252026655.01622202664
ITAiShares U.S. Aerospace & Defense ETF-7.5%234.308252026253.2281620269
IGViShares Expanded Tech-Software Sector ETF-5.4%101.858252026107.70601202685
MISLFirst Trust Indxx Aerospace & Defense ETF-12.3%44.41825202650.663022026176
RINGiShares MSCI Global Gold Miners ETF-6.3%93.17825202699.423012026177
SOXQInvesco PHLX Semiconductor ETF-20.8%91.198252026115.11622202664
TLTiShares 20+ Year Treasury Bond ETF-6.4%83.47825202689.153012026177
VGLTVanguard Long-Term Treasury ETF-5.3%53.56825202656.533012026177
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.6%25.47825202626.993012026177
EDVVanguard World Funds Extended Duration ETF-9.2%61.22825202667.423012026177
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-6.9%34.00825202636.53519202698
GSGiShares GSCI Commodity-5.8%30.01825202631.853182026160
GLDSPDR Gold Trust-12.6%428.078252026490.003022026176
IAUiShares Gold Trust-12.6%87.768252026100.383022026176
GLDMSPDR Gold MiniShares Trust-12.5%92.358252026105.543022026176
SGOLETFS Physical Swiss Gold Shares-12.1%44.66825202650.813022026176
BARDirexion Daily Gold Bull 3X Shares-15.6%44.34825202652.533022026176
SLViShares Silver Trust-26.7%62.32825202684.993012026177
SIVRETFS Physical Silver Shares Trust ETF-6.6%83.39825202689.263012026177
PPLTETFS Physical Platinum Shares-21.5%16.86825202621.473012026177
CPERUnited States Copper Index Fund ETV-9.6%33.33825202636.883012026177
PALLETFS Physical Palladium Shares-25.3%24.32825202632.542242026182
USOUnited States Oil Fund LP-17.5%126.158252026152.96519202698
UNGUnited States Natural Gas Fund LP-21.5%10.23825202613.043122026166
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85825202660.135042026113

ETF Fund Flows

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

Net fund flows · as of 2026-08-24

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$55.9B), followed by Bond (+$19.2B), while Real Estate (−$229M) saw the largest outflows.
  • Within the mix, money rotated into US Nasdaq Growth (+$20.0B) and out of Broad Sector (−$3.0B).
  • Relative to fund size, CNEQ drew the largest inflow (+102.0% of AUM) and FTXL the largest outflow (−63.0%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$22.22B+2.1%
2QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$16.22B+3.4%
3GLDSPDR Gold SharesCommodity Gold+$5.69B+4.0%
4SGOViShares 0-3 Month Treasury Bond ETFCash+$5.51B+5.4%
5SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$4.73B+2.8%
6TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$4.58B+10.2%
7VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$4.29B+0.6%
8QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$3.79B+3.7%
9SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.73B+3.5%
10AVLVAvantis U.S. Large Cap Value ETFOther+$3.34B+18.1%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$14.58B-1.6%
2SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core-$6.18B-0.8%
3IEFiShares 7-10 Year Treasury Bond ETFBond Intermediate Treasury-$4.11B-9.5%
4XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$1.53B-2.6%
5XLEState Street Energy Select Sector SPDR ETFEquity Broad Sector-$1.02B-2.6%
6SOXXiShares Semiconductor ETFEquity Industry Subsector-$946M-2.2%
7DIAState Street SPDR Dow Jones Industrial Average ETF TrustEquity US Large Concentrated-$946M-2.0%
8EWZiShares MSCI Brazil ETFEquity Emerging Markets-$891M-10.1%
9FTXLFirst Trust Nasdaq Semiconductor ETFOther-$835M-63.0%
10VUGVanguard Morningstar Growth ETFEquity US Large Growth-$830M-0.4%

Largest ETF fund flows across ~2619 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

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/Discount-0.2%-2.6%-0.3%-0.2%-0.3%
Distribution Yield0.3%0.4%0.4%0.5%0.4%
Sales Yield-15.7%15.8%17.9%15.8%
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)-47.4x46.7x52.6x47.4x
Forward P/E-21.2x21.2x21.7x21.2x
Forward P/S-5.1x5.1x4.7x5.1x

Risk

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Volatility (1Y)18.6%19.5%19.4%18.2%19.0%
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)1.211.421.411.371.39
Beta (3Y)1.131.291.281.301.29
Beta (5Y)1.161.281.281.271.27
Sharpe Ratio (1Y)1.061.231.241.191.21
Sharpe Ratio (3Y)0.921.241.251.241.24
Sharpe Ratio (5Y)0.480.720.720.670.69
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 Return7.6%4.2%4.2%4.9%4.6%
3M Return7.5%-2.7%-2.7%-1.9%-2.3%
6M Return24.3%17.1%17.1%14.6%17.1%
YTD Return15.4%15.8%15.9%12.8%15.6%
1Y Return19.7%24.7%24.8%22.2%23.4%
2Y Return33.5%49.4%49.5%48.4%48.9%
3Y Return59.3%101.7%102.1%100.8%101.2%

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