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


Market Price (8/10/2026): $162.05

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


Market Price (8/10/2026): $162.05

Key Takeaways

  • QQEW has returned +14.0% YTD vs +13.7% for SPY, +17.8% for QQQ; +19.7% over the past 12 months (SPY +22.4%, QQQ +26.3%). details →
  • Priced in gold, QQEW has returned -32.6% over the past 3 years, vs +52.3% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, QQEW has seen net outflows of −$8M (−0.4% of assets). details →
  • QQEW is trading at an all-time high. details →
  • Risk-adjusted returns trail QQQ: 3-year Sharpe ratio of 0.5 vs 0.9. details →
Last updated: 8/9/2026.

Price Chart

Asset Allocation with QQEW

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.3%
Volatility
11.8%
Sharpe
0.73
YTD
+9.0%
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: 12.9% | Top 10: 25.1% | Top 20: 47.1%

HoldingETF Weight
25809K105DoorDash, Inc. (Class A)2.68%
009066101Airbnb, Inc. (Class A)2.64%
697435105Palo Alto Networks, Inc.2.55%
09857L108Booking Holdings Inc.2.53%
75886F107Regeneron Pharmaceuticals, Inc.2.52%
05464C101Axon Enterprise Inc.2.51%
704326107Paychex, Inc.2.44%
776696106Roper Technologies, Inc.2.44%
98138H101Workday, Inc. (Class A)2.43%
053015103Automatic Data Processing, Inc.2.41%
031162100Amgen Inc.2.41%
34959E109Fortinet, Inc.2.28%
252131107DexCom, Inc.2.27%
594918104Microsoft Corporation2.19%
92532F100Vertex Pharmaceuticals Incorporated2.19%
69608A108Palantir Technologies Inc. (Class A)2.17%
N07059210ASML Holding N.V. (New York Registry Shares)2.13%
052769106Autodesk, Inc.2.13%
58733R102MercadoLibre, Inc.2.12%
67066G104NVIDIA Corporation2.09%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
QQEW Return18%-25%33%7%14%12%62%
Peers Return26%-32%52%27%21%16%129%
S&P 500 Return27%-19%24%23%16%13%105%

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 8/7/2026 (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.
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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
IEMGiShares Core MSCI Emerging Markets ETF-7.0%79.99809202686.00622202648
EEMiShares MSCI Emerging Markets ETF-7.8%65.64809202671.21622202648
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-5.8%35.12809202637.30622202648
EWYiShares MSCI South Korea ETF-24.2%166.098092026219.20621202649
EWZiShares MSCI Brazil ETF-15.3%35.34809202641.734142026117
FXIiShares China Large-Cap ETF-8.5%36.17809202639.532102026180
ILFiShares Latin America 40 ETF-9.1%34.62809202638.104142026117
KWEBKraneShares CSI China Internet ETF-16.5%28.66809202634.342092026181
MTUMiShares MSCI USA Momentum Factor ETF-10.4%309.328092026345.22622202648
SPMOInvesco S&P 500 Momentum ETF-7.4%149.698092026161.66622202648
URAGlobal X Uranium ETF-22.9%44.91809202658.26506202695
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-9.7%37.61809202641.63513202688
ROBOROBO Global Robotics & Automation Index ETF-6.5%84.44809202690.34602202668
LITGlobal X Lithium & Battery Tech ETF-19.2%74.01809202691.62511202690
ICLNiShares Global Clean Energy ETF-22.9%18.30809202623.75602202668
ARKQARK Autonomous Technology & Robotics ETF-11.1%127.858092026143.82528202673
ARKXARK Space & Defense Innovation ETF-9.2%34.27809202637.74528202673
NASATema Space Innovators ETF-39.0%25.55809202641.89527202674
XOVREntrepreneurShares Series Trust ERShares Private-Public Crossover ETF-5.7%20.13809202621.34706202634
AGIXKraneShares Artificial Intelligence ETF-8.2%45.34809202649.40601202669
RAAXVanEck Real Assets ETF-5.1%40.54809202642.70511202690
XLKState Street Technology Select Sector SPDR ETF-5.2%187.978092026198.21602202668
XLEState Street Energy Select Sector SPDR ETF-8.1%57.50809202662.563292026133
XLCState Street Communication Services Select Sector SPDR ETF-6.6%111.258092026119.104192026112
XLUState Street Utilities Select Sector SPDR ETF-8.0%43.61809202647.403012026161
FXNFirst Trust Energy AlphaDEX Fund-7.5%21.44809202623.183292026133
SMHVanEck Semiconductor ETF-12.9%582.708092026668.91622202648
SOXXiShares Semiconductor ETF-17.1%543.278092026655.01622202648
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-11.6%166.408092026188.183292026133
MISLFirst Trust Indxx Aerospace & Defense ETF-6.8%47.22809202650.663022026160
RINGiShares MSCI Global Gold Miners ETF-21.5%78.02809202699.423012026161
SOXQInvesco PHLX Semiconductor ETF-15.6%97.208092026115.11622202648
TLTiShares 20+ Year Treasury Bond ETF-7.2%82.76809202689.153012026161
VGLTVanguard Long-Term Treasury ETF-6.1%53.08809202656.533012026161
SPTLState Street SPDR Portfolio Long Term Treasury ETF-6.5%25.25809202626.993012026161
TLHiShares 10-20 Year Treasury Bond ETF-5.8%97.058092026103.083012026161
EDVVanguard World Funds Extended Duration ETF-10.5%60.35809202667.423012026161
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-8.8%17.25809202618.91512202689
DBCInvesco DB Commodity Index Tracking Fund-8.8%28.91809202631.69512202689
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-10.9%32.55809202636.53519202682
GSGiShares GSCI Commodity-5.8%30.01809202631.853182026144
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-8.0%23.83809202625.91512202689
FTGCFirst Trust Global Tactical Commodity Strategy Fund-5.3%28.91809202630.53512202689
GLDSPDR Gold Trust-18.7%398.478092026490.003022026160
IAUiShares Gold Trust-18.6%81.688092026100.383022026160
GLDMSPDR Gold MiniShares Trust-18.6%85.958092026105.543022026160
SGOLETFS Physical Swiss Gold Shares-12.1%44.66809202650.813022026160
BARDirexion Daily Gold Bull 3X Shares-15.6%44.34809202652.533022026160
SLViShares Silver Trust-32.3%57.50809202684.993012026161
SIVRETFS Physical Silver Shares Trust ETF-6.6%83.39809202689.263012026161
PPLTETFS Physical Platinum Shares-26.2%15.85809202621.473012026161
CPERUnited States Copper Index Fund ETV-9.6%33.33809202636.883012026161
PALLETFS Physical Palladium Shares-23.0%25.05809202632.542242026166
USOUnited States Oil Fund LP-22.9%117.988092026152.96519202682
UNGUnited States Natural Gas Fund LP-26.6%9.74809202613.272082026182
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85809202660.13504202697
IBITiShares Bitcoin Trust ETF-20.8%36.80809202646.47511202690
FBTCFidelity Wise Origin Bitcoin Fund-20.8%56.53809202671.35511202690
ETHAiShares Ethereum Trust ETF-21.3%14.47809202618.384192026112

ETF Fund Flows

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

Net fund flows · as of 2026-08-07

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$54.4B), followed by Bond (+$15.2B), with every major asset class in net inflows.
  • Within the mix, money rotated into US Large Cap Core (+$13.2B) and out of Intermediate Treasury (−$2.1B).
  • Relative to fund size, BFLX drew the largest inflow (+56.2% of AUM) and FTXL the largest outflow (−40.2%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$11.99B+1.2%
2SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core+$8.18B+1.0%
3SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$6.27B+3.9%
4EWYiShares MSCI South Korea ETFEquity Emerging Markets+$6.26B+26.9%
5DRAMRoundhill Memory ETFOther+$4.94B+20.3%
6QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$4.82B+1.0%
7SGOViShares 0-3 Month Treasury Bond ETFCash+$4.3B+4.3%
8VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$3.8B+0.6%
9TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$3.56B+8.4%
10SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.36B+3.3%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$13.15B-1.5%
2IEFiShares 7-10 Year Treasury Bond ETFBond Intermediate Treasury-$3.58B-7.6%
3IQMMProShares - GENIUS Money Market ETFOther-$2.95B-16.3%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$2.24B-6.6%
5IWMiShares Russell 2000 ETFEquity US Small Cap Core-$1.86B-2.3%
6IWDiShares Russell 1000 Value ETFEquity US Large Value-$1.13B-1.4%
7SCZiShares MSCI EAFE Small-Cap ETFEquity International Small Cap-$1.09B-8.2%
8IWRiShares Russell Mid-Cap ETFEquity US Mid Cap Core-$1.01B-1.8%
9IWFiShares Russell 1000 Growth ETFEquity US Large Growth-$911M-0.7%
10MTUMiShares MSCI USA Momentum Factor ETFEquity Factor Smart Beta-$904M-3.5%

Largest ETF fund flows across ~2609 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)1.8465.9103.110.356.7
Expense Ratio0.55%0.18%0.15%0.21%0.19%
10-D Avg Volume (Mil)0.0442.713.980.382.18
Latest Day Volume (Mil)0.0833.544.650.282.47
Holdings Count1021041041,046104
Inception Date4/19/20063/10/199910/13/20209/25/2003-

Fundamentals

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Net Asset Value162700.05297.70105.13162.00
Premium/Discount-0.0%3.3%0.0%0.1%0.0%
Distribution Yield0.3%0.4%0.4%0.5%0.4%
Sales Yield-15.9%15.6%17.8%15.9%
Earnings Yield-3.0%2.9%3.2%3.0%

Valuation

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
P/S (TTM)-6.3x6.4x5.6x6.3x
P/E (TTM)-33.6x34.2x31.1x33.6x
P/FCF (TTM)-48.1x48.3x53.1x48.3x
Forward P/E-21.9x22.1x22.6x22.1x
Forward P/S-5.1x5.2x4.7x5.1x

Risk

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Volatility (1Y)18.6%19.6%19.4%18.3%19.0%
Volatility (3Y)18.6%20.5%20.4%20.4%20.4%
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)1.031.361.371.391.36
Sharpe Ratio (3Y)0.821.201.211.201.20
Sharpe Ratio (5Y)0.460.740.740.680.71
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 Return1.6%-0.0%-0.0%1.9%0.8%
3M Return12.5%4.0%4.0%3.5%4.0%
6M Return23.7%21.3%21.3%18.8%21.3%
YTD Return14.0%17.8%17.9%15.2%16.5%
1Y Return19.2%27.9%28.0%26.9%27.4%
2Y Return39.3%62.6%62.8%60.7%61.7%
3Y Return50.4%96.3%96.7%95.3%95.8%

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 6302026285.9%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1