Tearsheet

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


Market Price (7/13/2026): $159.04

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


Market Price (7/13/2026): $159.04

Key Takeaways

  • QQEW has returned +11.9% YTD vs +11.0% for SPY, +18.3% for QQQ; +16.6% over the past 12 months (SPY +22.1%, QQQ +31.4%). details →
  • Priced in gold, QQEW has returned -29.8% over the past 3 years, vs +46.6% 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 →
  • QQEW is trading within 1.7% of its all-time high. details →
  • Risk-adjusted returns trail QQQ: 3-year Sharpe ratio of 0.6 vs 1.0. details →
Last updated: 7/12/2026.

Price Chart

Asset Allocation with QQEW

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.7%
Volatility
11.8%
Sharpe
0.76
YTD
+7.3%
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%12%62%
Peers Return26%-32%52%27%21%16%130%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
QQEW Win Rate67%33%58%67%58%43% 
Peers Win Rate81%33%67%75%67%48% 
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 7/10/2026 (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-16.4%55.14712202665.921112026182
SCHCSchwab International Small-Cap Equity ETF-6.3%48.30712202651.543012026133
IEMGiShares Core MSCI Emerging Markets ETF-5.4%81.32712202686.00622202620
EEMiShares MSCI Emerging Markets ETF-6.1%66.90712202671.21622202620
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-5.1%35.38712202637.30622202620
EWYiShares MSCI South Korea ETF-16.3%183.527122026219.20621202621
EWZiShares MSCI Brazil ETF-13.9%35.93712202641.73414202689
FXIiShares China Large-Cap ETF-17.9%33.48712202640.781292026164
ILFiShares Latin America 40 ETF-9.4%34.51712202638.10414202689
KWEBKraneShares CSI China Internet ETF-30.0%26.38712202637.661122026181
MTUMiShares MSCI USA Momentum Factor ETF-6.8%321.777122026345.22622202620
URAGlobal X Uranium ETF-30.5%42.97712202661.811282026165
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-11.3%36.91712202641.63513202660
ROBOROBO Global Robotics & Automation Index ETF-8.2%82.96712202690.34602202640
LITGlobal X Lithium & Battery Tech ETF-21.1%72.32712202691.62511202662
ICLNiShares Global Clean Energy ETF-18.9%19.25712202623.75602202640
ARKQARK Autonomous Technology & Robotics ETF-13.8%123.997122026143.82528202645
ARKXARK Space & Defense Innovation ETF-15.1%32.05712202637.74528202645
NASATema Space Innovators ETF-37.5%26.18712202641.89527202646
AGIXKraneShares Artificial Intelligence ETF-8.0%45.44712202649.40601202641
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-10.6%62.91712202670.39511202662
RAAXVanEck Real Assets ETF-7.6%39.47712202642.70511202662
VGTVanguard Information Technology ETF-6.0%118.087122026125.62602202640
XLKState Street Technology Select Sector SPDR ETF-6.3%185.787122026198.21602202640
XLEState Street Energy Select Sector SPDR ETF-12.0%55.08712202662.563292026105
XLCState Street Communication Services Select Sector SPDR ETF-6.7%111.647122026119.702012026161
XLYState Street Consumer Discretionary Select Sector SPDR ETF-5.7%117.247122026124.271122026181
XLPState Street Consumer Staples Select Sector SPDR ETF-6.0%84.12712202689.513012026133
IYMiShares U.S. Basic Materials ETF-5.7%178.247122026189.083022026132
FXNFirst Trust Energy AlphaDEX Fund-11.0%20.62712202623.183292026105
SMHVanEck Semiconductor ETF-8.7%611.037122026668.91622202620
SOXXiShares Semiconductor ETF-11.2%581.347122026655.01622202620
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-15.7%158.577122026188.183292026105
IGViShares Expanded Tech-Software Sector ETF-14.2%92.417122026107.70601202641
MISLFirst Trust Indxx Aerospace & Defense ETF-12.6%44.53712202650.981192026174
RINGiShares MSCI Global Gold Miners ETF-34.7%64.89712202699.423012026133
SOXQInvesco PHLX Semiconductor ETF-11.3%102.067122026115.11622202620
BWXState Street SPDR Bloomberg International Treasury Bond ETF-5.7%21.59712202622.902162026146
IGOViShares International Treasury Bond ETF-5.0%40.84712202642.993012026133
TLTiShares 20+ Year Treasury Bond ETF-5.6%84.47712202689.483012026133
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.2%25.69712202627.093012026133
EDVVanguard World Funds Extended Duration ETF-7.7%62.25712202667.423012026133
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-13.1%16.44712202618.91512202661
DBCInvesco DB Commodity Index Tracking Fund-13.2%27.52712202631.69512202661
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-14.1%31.37712202636.53519202654
GSGiShares GSCI Commodity-5.8%30.01712202631.853182026116
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-11.3%22.99712202625.91512202661
FTGCFirst Trust Global Tactical Commodity Strategy Fund-8.2%28.02712202630.53512202661
HGERHarbor Commodity All-Weather Strategy ETF-8.7%30.57712202633.47512202661
GLDSPDR Gold Trust-24.0%377.017122026495.901292026164
IAUiShares Gold Trust-23.9%77.267122026101.571292026164
GLDMSPDR Gold MiniShares Trust-23.9%81.297122026106.771292026164
SGOLETFS Physical Swiss Gold Shares-13.1%44.66712202651.411292026164
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34712202653.161292026164
SLViShares Silver Trust-48.9%53.957122026105.601282026165
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.397122026110.871282026165
PPLTETFS Physical Platinum Shares-41.4%14.77712202625.231252026168
CPERUnited States Copper Index Fund ETV-13.9%33.33712202638.711292026164
PALLETFS Physical Palladium Shares-38.0%23.07712202637.181282026165
USOUnited States Oil Fund LP-28.9%108.707122026152.96519202654
UNGUnited States Natural Gas Fund LP-37.3%10.60712202616.902012026161
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85712202660.13504202669
IBITiShares Bitcoin Trust ETF-34.7%36.23712202655.441142026179
FBTCFidelity Wise Origin Bitcoin Fund-34.7%55.62712202685.121142026179
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84712202676.311142026179
ETHAiShares Ethereum Trust ETF-47.1%13.53712202625.591142026179

ETF Fund Flows

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

Net fund flows · as of 2026-07-10

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$71.6B), followed by Bond (+$29.3B), while Commodity (−$3.6B) and Crypto (−$2.6B) saw the largest outflows.
  • Within the mix, money rotated into US Large Cap Core (+$19.2B) and out of Gold (−$3.6B).
  • Relative to fund size, ARKQ drew the largest inflow (+57.6% of AUM) and FXN the largest outflow (−69.9%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core+$67.44B+7.7%
2SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$17.8B+11.8%
3DRAMRoundhill Memory ETFOther+$8.61B+37.2%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate+$6.5B+19.9%
5SOXXiShares Semiconductor ETFEquity Industry Subsector+$4.91B+11.0%
6AVLVAvantis U.S. Large Cap Value ETFOther+$3.85B+23.1%
7VTIVanguard Total Stock Market ETFEquity US Total Market+$3.63B+0.5%
8VXUSVanguard Total International Stock ETFEquity International Broad+$3.56B+2.3%
9QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$3.42B+3.5%
10RSPInvesco S&P 500 Equal Weight ETFEquity Factor Smart Beta+$3.18B+3.4%
Largest outflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core-$53.22B-5.4%
2SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core-$13.26B-1.7%
3VLUEiShares MSCI USA Value Factor ETFEquity Factor Smart Beta-$4.5B-41.6%
4IAUiShares Gold TrustCommodity Gold-$1.96B-3.2%
5IBITiShares Bitcoin Trust ETFCrypto-$1.76B-3.8%
6GLDSPDR Gold SharesCommodity Gold-$1.36B-1.0%
7BILState Street SPDR Bloomberg 1-3 Month T-Bill ETFCash-$1.17B-2.5%
8VOVanguard Mid-Cap ETFEquity US Mid Cap Core-$1.06B-1.0%
9NASATema Space Innovators ETFEquity Thematic-$989M-62.4%
10XLCState Street Communication Services Select Sector SPDR ETFEquity Broad Sector-$911M-4.0%

Largest ETF fund flows across ~2565 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)1.8488.0100.610.755.6
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 Count1021031051,046104
Inception Date4/19/20063/10/199910/13/20209/25/2003-

Fundamentals

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Net Asset Value159.11722.45298.72103.49-
Premium/Discount-0.0%0.4%0.0%0.0%0.0%
Distribution Yield0.3%0.4%0.4%0.5%0.4%
Sales Yield-15.3%15.1%17.5%15.3%
Earnings Yield-2.6%2.6%2.8%2.6%

Valuation

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
P/S (TTM)-6.5x6.6x5.7x6.5x
P/E (TTM)-38.0x38.2x35.1x38.0x
P/FCF (TTM)-50.3x50.3x51.9x50.3x
Forward P/E-22.7x22.8x23.3x22.8x
Forward P/S-5.2x5.3x4.8x5.2x

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)1.211.371.361.341.35
Beta (3Y)1.131.291.281.301.28
Beta (5Y)1.151.271.271.261.26
Sharpe Ratio (1Y)0.881.551.561.501.52
Sharpe Ratio (3Y)0.831.231.241.201.22
Sharpe Ratio (5Y)0.460.770.770.690.73
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 Return5.1%2.5%2.5%2.3%2.5%
3M Return23.5%18.9%18.9%15.3%18.9%
6M Return9.2%16.4%16.4%11.8%14.1%
YTD Return11.9%18.3%18.3%13.4%15.8%
1Y Return15.5%30.9%31.0%28.2%29.5%
2Y Return27.8%47.6%47.8%44.7%46.1%
3Y Return50.9%99.1%99.6%94.7%96.9%

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