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


Market Price (9/9/2026): $158.45

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


Market Price (9/9/2026): $158.45

Key Takeaways

  • QQEW has returned +11.9% YTD vs +12.6% for SPY, +17.1% for QQQ; +16.8% over the past 12 months (SPY +19.1%, QQQ +24.6%). details →
  • Priced in gold, QQEW has returned -34.8% over the past 3 years, vs +50.0% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, QQEW has seen net inflows of +$49M (+2.6% of assets). details →
  • Risk-adjusted returns trail QQQ: 3-year Sharpe ratio of 0.6 vs 1.0. details →
  • QQEW's top 10 holdings represent 26% of the fund vs 47% for QQQ — a more diversified portfolio. details →
Last updated: 9/8/2026.

Price Chart

Asset Allocation with QQEW

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.2%
Volatility
11.8%
Sharpe
0.72
YTD
+8.6%
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
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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for QQEW

Total Weights
Top 5: 13.6% | Top 10: 26.0% | Top 20: 48.6%

HoldingETF Weight
98138H101Workday, Inc. (Class A)2.79%
25809K105DoorDash, Inc. (Class A)2.74%
009066101Airbnb, Inc. (Class A)2.74%
75886F107Regeneron Pharmaceuticals, Inc.2.70%
031162100Amgen Inc.2.60%
776696106Roper Technologies, Inc.2.55%
704326107Paychex, Inc.2.54%
053015103Automatic Data Processing, Inc.2.52%
92532F100Vertex Pharmaceuticals Incorporated2.45%
252131107DexCom, Inc.2.40%
05464C101Axon Enterprise Inc.2.36%
697435105Palo Alto Networks, Inc.2.32%
58733R102MercadoLibre, Inc.2.31%
69608A108Palantir Technologies Inc. (Class A)2.30%
09857L108Booking Holdings Inc.2.29%
34959E109Fortinet, Inc.2.23%
594918104Microsoft Corporation2.23%
375558103Gilead Sciences, Inc.2.21%
00724F101Adobe Incorporated2.17%
67066G104NVIDIA Corporation2.13%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
QQEW Return18%-25%33%7%14%14%64%
Peers Return26%-32%52%27%21%16%130%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
QQEW Win Rate67%33%58%67%58%44% 
Peers Win Rate81%33%67%75%67%56% 
S&P 500 Win Rate75%42%67%75%67%56% 

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 9/8/2026 (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
QQEW0.920.640.28
Equity Top Results (3Y)   
IALT2.082.082.08
VLUE2.531.420.74
SPMO0.941.370.79
CORO1.351.331.33
CGDV1.281.310.94

Results as of 8312026.

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-6.5%57.82908202661.8583020269
IWPiShares Russell Mid-Cap Growth ETF-5.6%139.449082026147.70817202622
IJKiShares S&P Mid-Cap 400 Growth ETF-5.1%113.039082026119.11817202622
MDYGState Street SPDR S&P 400 Mid Cap Growth ETF-5.1%107.849082026113.69817202622
VBKVanguard Small-Cap Growth ETF-5.0%347.909082026366.24817202622
IJTiShares S&P Small-Cap 600 Growth ETF-5.3%169.539082026179.07804202635
SLYGState Street SPDR S&P 600 Small Cap Growth ETF-5.3%113.189082026119.50804202635
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-8.6%34.09908202637.30622202678
EWYiShares MSCI South Korea ETF-13.4%189.919082026219.20621202679
EWZiShares MSCI Brazil ETF-7.5%38.61908202641.734142026147
FXIiShares China Large-Cap ETF-8.5%35.00908202638.265132026118
KWEBKraneShares CSI China Internet ETF-18.2%25.36908202630.993102026182
MTUMiShares MSCI USA Momentum Factor ETF-10.6%308.699082026345.22622202678
SPHQInvesco S&P 500 Quality ETF-5.6%85.06908202690.10630202670
SPMOInvesco S&P 500 Momentum ETF-6.9%150.479082026161.66622202678
URAGlobal X Uranium ETF-18.5%47.50908202658.265062026125
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-14.5%35.61908202641.635132026118
ROBOROBO Global Robotics & Automation Index ETF-11.8%79.65908202690.34602202698
LITGlobal X Lithium & Battery Tech ETF-19.5%73.79908202691.625112026120
ICLNiShares Global Clean Energy ETF-22.9%18.31908202623.75602202698
ARKQARK Autonomous Technology & Robotics ETF-13.7%124.059082026143.825282026103
ARKXARK Space & Defense Innovation ETF-13.8%32.52908202637.745282026103
NASATema Space Innovators ETF-41.9%24.32908202641.895272026104
AGIXKraneShares Artificial Intelligence ETF-6.1%46.37908202649.40601202699
DRSKAptus Defined Risk ETF-5.1%28.17908202629.67601202699
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-6.3%66.78908202671.30825202614
XLKState Street Technology Select Sector SPDR ETF-5.2%187.879082026198.21602202698
XLIState Street Industrial Select Sector SPDR ETF-6.5%174.429082026186.51816202623
XLCState Street Communication Services Select Sector SPDR ETF-6.4%111.529082026119.104192026142
XLYState Street Consumer Discretionary Select Sector SPDR ETF-6.6%113.999082026122.065282026103
XLUState Street Utilities Select Sector SPDR ETF-7.8%43.45908202647.154092026152
IYJiShares U.S. Industrials ETF-5.9%159.889082026169.86804202635
SMHVanEck Semiconductor ETF-14.2%573.739082026668.91622202678
SOXXiShares Semiconductor ETF-19.3%528.409082026655.01622202678
ITAiShares U.S. Aerospace & Defense ETF-11.7%223.539082026253.22816202623
IGViShares Expanded Tech-Software Sector ETF-6.9%102.669082026110.32827202612
IYTiShares U.S. Transportation ETF-7.8%82.97908202690.01716202654
MISLFirst Trust Indxx Aerospace & Defense ETF-11.8%43.38908202649.195282026103
RINGiShares MSCI Global Gold Miners ETF-7.3%86.40908202693.17825202614
SOXQInvesco PHLX Semiconductor ETF-18.7%93.609082026115.11622202678
TLTiShares 20+ Year Treasury Bond ETF-5.3%82.20908202686.78629202671
EDVVanguard World Funds Extended Duration ETF-7.8%60.30908202665.43624202676
GSGiShares GSCI Commodity-5.8%30.01908202631.853182026174
GLDSPDR Gold Trust-16.4%399.729082026477.863102026182
IAUiShares Gold Trust-14.8%83.39908202697.853102026182
GLDMSPDR Gold MiniShares Trust-16.2%86.239082026102.893102026182
SGOLETFS Physical Swiss Gold Shares-9.8%44.66908202649.533102026182
BARDirexion Daily Gold Bull 3X Shares-13.4%44.34908202651.203102026182
SLViShares Silver Trust-25.3%59.82908202680.093102026182
PPLTETFS Physical Platinum Shares-17.7%16.46908202620.003102026182
CPERUnited States Copper Index Fund ETV-7.7%33.33908202636.123112026181
PALLETFS Physical Palladium Shares-19.0%24.43908202630.163102026182
UNGUnited States Natural Gas Fund LP-19.8%10.46908202613.043122026180
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85908202660.135042026127
SCHHSchwab U.S. REIT ETF-5.6%23.47908202624.86726202644
REETiShares Global REIT ETF-5.3%27.36908202628.89726202644
USRTiShares Core U.S. REIT ETF-6.4%65.33908202669.82726202644

ETF Fund Flows

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

Net fund flows · as of 2026-09-08

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$21.8B), followed by Bond (+$18.0B), while Real Estate (−$384M) saw the largest outflows.
  • Within the mix, money rotated into Short Treasury (+$9.2B) and out of Broad Sector (−$6.3B).
  • Relative to fund size, CNEQ drew the largest inflow (+82.2% of AUM) and SNXX the largest outflow (−40.3%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$37.8B+3.6%
2VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$7.1B+1.0%
3SGOViShares 0-3 Month Treasury Bond ETFCash+$6.45B+6.1%
4VGSHVanguard Short-Term Treasury ETFBond Short Treasury+$4.7B+15.2%
5GLDSPDR Gold SharesCommodity Gold+$4.67B+3.1%
6SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.67B+3.3%
7AVLVAvantis U.S. Large Cap Value ETFOther+$3.36B+15.6%
8IBITiShares Bitcoin Trust ETFCrypto+$2.79B+4.6%
9RSPInvesco S&P 500 Equal Weight ETFEquity Factor Smart Beta+$2.78B+2.8%
10VXUSVanguard Total International Stock ETFEquity International Broad+$2.71B+1.6%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$41.27B-4.7%
2QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth-$4.38B-0.9%
3XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$3.77B-6.8%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$2.79B-8.5%
5VGITVanguard Intermediate-Term Treasury ETFBond Intermediate Treasury-$2.6B-6.1%
6HYGiShares iBoxx $ High Yield Corporate Bond ETFBond High Yield Corporate-$2.41B-14.6%
7DRAMRoundhill Memory ETFOther-$1.99B-7.6%
8GOVTiShares U.S. Treasury Bond ETFBond Intermediate Treasury-$1.86B-4.2%
9SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core-$1.79B-1.0%
10IWMiShares Russell 2000 ETFEquity US Small Cap Core-$1.01B-1.2%

Largest ETF fund flows across ~2634 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)1.9489.0105.110.357.7
Expense Ratio0.55%0.18%0.15%0.21%0.19%
10-D Avg Volume (Mil)0.0441.173.700.342.02
Latest Day Volume (Mil)0.009.850.770.050.41
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 Value161.32716.88296.12103.33-
Premium/Discount-1.4%0.2%-0.1%0.8%0.0%
Distribution Yield0.3%0.4%0.4%0.5%0.4%
Sales Yield-15.9%15.9%18.1%15.9%
Earnings Yield-3.1%3.1%3.3%3.1%

Valuation

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
P/S (TTM)-6.3x6.3x5.5x6.3x
P/E (TTM)-32.5x32.5x30.0x32.5x
P/FCF (TTM)-46.6x46.6x52.0x46.6x
Forward P/E-21.0x21.0x21.7x21.0x
Forward P/S-5.0x5.0x4.6x5.0x

Risk

QQEWQQQQQQMONEQMedian
NameFirst Trus.Invesco QQ.Invesco NA.Fidelity N. 
Volatility (1Y)18.8%19.6%19.4%18.3%19.1%
Volatility (3Y)18.6%20.4%20.3%20.3%20.3%
Volatility (5Y)21.1%22.9%22.8%22.5%22.6%
Beta (1Y)1.221.411.401.371.39
Beta (3Y)1.131.291.281.301.29
Beta (5Y)1.161.281.271.271.27
Sharpe Ratio (1Y)0.931.241.251.201.22
Sharpe Ratio (3Y)0.801.171.191.171.17
Sharpe Ratio (5Y)0.420.690.700.640.67
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 Return-1.8%-0.6%-0.7%-1.0%-0.8%
3M Return3.9%0.3%0.3%1.9%1.1%
6M Return18.2%18.3%18.4%16.7%18.3%
YTD Return11.9%17.1%17.1%14.1%15.6%
1Y Return17.2%25.2%25.2%22.4%23.8%
2Y Return31.9%57.0%57.1%55.9%56.5%
3Y Return48.5%93.2%93.6%91.9%92.5%

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