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


Market Price (8/20/2026): $163.66

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


Market Price (8/20/2026): $163.66

Key Takeaways

  • QQEW has returned +15.4% YTD vs +13.1% for SPY, +16.7% for QQQ; +20.9% over the past 12 months (SPY +21.2%, QQQ +26.3%). details →
  • Priced in gold, QQEW has returned -31.6% over the past 3 years, vs +59.3% 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: 8/19/2026.

Price Chart

Asset Allocation with QQEW

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.5%
Volatility
11.8%
Sharpe
0.75
YTD
+10.5%
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: 13.1% | Top 10: 25.2% | Top 20: 47.1%

HoldingETF Weight
009066101Airbnb, Inc. (Class A)2.65%
05464C101Axon Enterprise Inc.2.63%
697435105Palo Alto Networks, Inc.2.62%
25809K105DoorDash, Inc. (Class A)2.62%
98138H101Workday, Inc. (Class A)2.61%
75886F107Regeneron Pharmaceuticals, Inc.2.51%
09857L108Booking Holdings Inc.2.43%
704326107Paychex, Inc.2.42%
031162100Amgen Inc.2.37%
053015103Automatic Data Processing, Inc.2.37%
776696106Roper Technologies, Inc.2.36%
252131107DexCom, Inc.2.34%
34959E109Fortinet, Inc.2.23%
N07059210ASML Holding N.V. (New York Registry Shares)2.20%
92532F100Vertex Pharmaceuticals Incorporated2.17%
880770102Teradyne, Inc.2.15%
69608A108Palantir Technologies Inc. (Class A)2.14%
G7997R103Seagate Technology Holdings Plc2.13%
594918104Microsoft Corporation2.11%
052769106Autodesk, Inc.2.09%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
QQEW Return18%-25%33%7%14%15%66%
Peers Return26%-32%52%27%21%16%129%
S&P 500 Return27%-19%24%23%16%12%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 8/19/2026 (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-6.3%80.57819202686.00622202658
EEMiShares MSCI Emerging Markets ETF-7.2%66.11819202671.21622202658
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-8.1%34.27819202637.30622202658
EWYiShares MSCI South Korea ETF-20.4%174.438192026219.20621202659
EWZiShares MSCI Brazil ETF-17.9%34.26819202641.734142026127
FXIiShares China Large-Cap ETF-8.1%35.68819202638.812222026178
ILFiShares Latin America 40 ETF-11.6%33.67819202638.104142026127
KWEBKraneShares CSI China Internet ETF-17.2%27.22819202632.892182026182
MTUMiShares MSCI USA Momentum Factor ETF-11.4%305.888192026345.22622202658
SPMOInvesco S&P 500 Momentum ETF-8.2%148.358192026161.66622202658
URAGlobal X Uranium ETF-22.7%45.01819202658.265062026105
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-12.6%36.38819202641.63513202698
ROBOROBO Global Robotics & Automation Index ETF-9.5%81.72819202690.34602202678
LITGlobal X Lithium & Battery Tech ETF-18.6%74.57819202691.625112026100
ICLNiShares Global Clean Energy ETF-24.9%17.83819202623.75602202678
ARKQARK Autonomous Technology & Robotics ETF-12.4%126.018192026143.82528202683
ARKXARK Space & Defense Innovation ETF-10.9%33.64819202637.74528202683
NASATema Space Innovators ETF-40.3%24.99819202641.89527202684
XOVREntrepreneurShares Series Trust ERShares Private-Public Crossover ETF-5.2%20.23819202621.34706202644
AGIXKraneShares Artificial Intelligence ETF-9.9%44.53819202649.40601202679
VGTVanguard Information Technology ETF-5.4%118.808192026125.62602202678
XLKState Street Technology Select Sector SPDR ETF-7.4%183.648192026198.21602202678
XLCState Street Communication Services Select Sector SPDR ETF-6.5%111.328192026119.104192026122
XLUState Street Utilities Select Sector SPDR ETF-7.1%44.02819202647.403012026171
SMHVanEck Semiconductor ETF-16.1%560.928192026668.91622202658
SOXXiShares Semiconductor ETF-20.7%519.678192026655.01622202658
MISLFirst Trust Indxx Aerospace & Defense ETF-7.6%46.79819202650.663022026170
RINGiShares MSCI Global Gold Miners ETF-14.4%85.10819202699.423012026171
SOXQInvesco PHLX Semiconductor ETF-19.7%92.398192026115.11622202658
TLTiShares 20+ Year Treasury Bond ETF-6.9%83.02819202689.153012026171
VGLTVanguard Long-Term Treasury ETF-5.7%53.31819202656.533012026171
SPTLState Street SPDR Portfolio Long Term Treasury ETF-6.1%25.36819202626.993012026171
TLHiShares 10-20 Year Treasury Bond ETF-5.3%97.638192026103.083012026171
EDVVanguard World Funds Extended Duration ETF-10.1%60.59819202667.423012026171
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-5.7%34.45819202636.53519202692
GSGiShares GSCI Commodity-5.8%30.01819202631.853182026154
GLDSPDR Gold Trust-15.5%413.848192026490.003022026170
IAUiShares Gold Trust-15.5%84.848192026100.383022026170
GLDMSPDR Gold MiniShares Trust-15.4%89.298192026105.543022026170
SGOLETFS Physical Swiss Gold Shares-12.1%44.66819202650.813022026170
BARDirexion Daily Gold Bull 3X Shares-15.6%44.34819202652.533022026170
SLViShares Silver Trust-29.4%60.01819202684.993012026171
SIVRETFS Physical Silver Shares Trust ETF-6.6%83.39819202689.263012026171
PPLTETFS Physical Platinum Shares-23.3%16.46819202621.473012026171
CPERUnited States Copper Index Fund ETV-9.6%33.33819202636.883012026171
PALLETFS Physical Palladium Shares-25.5%24.23819202632.542242026176
USOUnited States Oil Fund LP-14.4%130.918192026152.96519202692
UNGUnited States Natural Gas Fund LP-23.2%10.01819202613.043122026160
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85819202660.135042026107
IBITiShares Bitcoin Trust ETF-16.5%38.78819202646.475112026100
FBTCFidelity Wise Origin Bitcoin Fund-16.5%59.60819202671.355112026100
ETHAiShares Ethereum Trust ETF-13.6%15.88819202618.384192026122

ETF Fund Flows

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

Net fund flows · as of 2026-08-19

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$67.3B), followed by Bond (+$17.3B), with every major asset class in net inflows.
  • Within the mix, money rotated into US Large Cap Core (+$23.8B) and out of Industry Subsector (−$5.7B).
  • Relative to fund size, CNEQ drew the largest inflow (+84.8% of AUM) and FTXL the largest outflow (−67.8%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$15.37B+3.2%
2VOOVanguard S&P 500 ETFEquity US Large Cap Core+$14.85B+1.4%
3SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core+$13.11B+1.6%
4SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$5.69B+3.4%
5SGOViShares 0-3 Month Treasury Bond ETFCash+$5.26B+5.2%
6VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$5.17B+0.8%
7TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$5.11B+12.0%
8GLDSPDR Gold SharesCommodity Gold+$4.88B+3.6%
9SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$4.06B+3.9%
10QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$3.94B+3.9%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$9.79B-1.1%
2IEFiShares 7-10 Year Treasury Bond ETFBond Intermediate Treasury-$4.14B-8.8%
3SOXXiShares Semiconductor ETFEquity Industry Subsector-$3.6B-8.3%
4AIRRFirst Trust RBA American Industrial RenaissanceTM ETFOther-$1.72B-16.2%
5FTCSFirst Trust Capital Strength ETFOther-$1.51B-19.0%
6LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$1.4B-4.2%
7SMHVanEck Semiconductor ETFEquity Industry Subsector-$1.36B-1.9%
8VOVanguard Morningstar Mid-Cap ETFEquity US Mid Cap Core-$1.3B-1.2%
9MTUMiShares MSCI USA Momentum Factor ETFEquity Factor Smart Beta-$1.15B-4.5%
10XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$1.05B-1.8%

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)1.9498.5105.710.358.0
Expense Ratio0.55%0.18%0.15%0.21%0.19%
10-D Avg Volume (Mil)0.0442.133.840.372.10
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 Value166.35729.78300.98105.30-
Premium/Discount-1.4%-1.9%-2.0%-1.5%-1.7%
Distribution Yield0.3%0.4%0.4%0.5%0.4%
Sales Yield-15.5%15.6%17.8%15.6%
Earnings Yield-3.0%3.0%3.2%3.0%

Valuation

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
P/S (TTM)-6.4x6.4x5.6x6.4x
P/E (TTM)-33.6x33.6x31.0x33.6x
P/FCF (TTM)-47.9x47.5x53.5x47.9x
Forward P/E-21.6x21.8x22.1x21.8x
Forward P/S-5.2x5.2x4.7x5.2x

Risk

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Volatility (1Y)18.7%19.6%19.5%18.4%19.1%
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)1.211.421.411.371.39
Beta (3Y)1.131.291.281.301.29
Beta (5Y)1.161.281.281.271.27
Sharpe Ratio (1Y)1.081.211.221.191.20
Sharpe Ratio (3Y)0.861.201.211.191.20
Sharpe Ratio (5Y)0.470.720.730.670.70
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 Return5.5%1.0%1.0%2.0%1.5%
3M Return13.5%2.1%2.1%1.9%2.1%
6M Return22.6%18.4%18.4%16.0%18.4%
YTD Return15.4%16.7%16.7%13.7%16.0%
1Y Return20.2%24.5%24.6%22.5%23.5%
2Y Return38.0%56.2%56.4%54.8%55.5%
3Y Return54.1%96.5%96.9%95.1%95.8%

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