Invesco QQQ Equal Weight ETF (QEW) belongs to the Nasdaq-100 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QEW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QEW
QEW charges 0.25% annually. There are 4 ETFs in the Nasdaq-100 category with lower expense ratios, going as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.15% | 96.91B | Oct 2020 | QEW vs QQQM | |
| Invesco QQQ ETF | 0.18% | 493.99B | Mar 1999 | QEW vs QQQ | |
| iShares Nasdaq-100 ex Top 30 ETF | 0.20% | 18.65M | Oct 2024 | QEW vs QNXT | |
| Invesco ESG NASDAQ 100 ETF | 0.20% | 212.00M | Oct 2021 | QEW vs QQMG | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.29% | 4.52B | Oct 2023 | QEW vs GPIQ |
Best Risk-Adjusted Alternatives to QEW
Among 43 ETFs in the Nasdaq-100 category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM Nasdaq-100 Buffer 12 ETF - April | 98 | 7.34M | Dec 2024 | QEW vs PQAP | |
| Innovator Nasdaq-100 Power Buffer ETF - April | 98 | 224.10M | Mar 2020 | QEW vs NAPR | |
| FT Vest NASDAQ-100 Conservative Buffer ETF - April | 97 | — | Apr 2024 | QEW vs QCAP | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 96 | 557.94M | Mar 2021 | QEW vs QMAR | |
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 90 | 45.43M | May 2021 | QEW vs QQQA |
Top Performing QEW Alternatives (YTD)
Among 49 ETFs in the Nasdaq-100 category with YTD return data, the top-performing alternatives shown here go as high as 65.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 65.37% | 45.43M | May 2021 | QEW vs QQQA | |
| First Trust NASDAQ-100 Technology Sector Index Fun... | 44.73% | 3.66B | Apr 2006 | QEW vs QTEC | |
| Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders E... | 32.43% | 14.23M | Aug 2024 | QEW vs QQQG | |
| iShares Nasdaq Premium Income Active ETF | 22.89% | 15.10M | Dec 2025 | QEW vs BALQ | |
| Invesco ESG NASDAQ 100 ETF | 21.86% | 212.00M | Oct 2021 | QEW vs QQMG |
Lowest Volatility Alternatives to QEW
QEW has 15.78% 1-year volatility. There are 38 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 2.69%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest NASDAQ-100 Conservative Buffer ETF - April | 2.69% | — | Apr 2024 | QEW vs QCAP | |
| Innovator Nasdaq-100 Power Buffer ETF - April | 3.89% | 224.10M | Mar 2020 | QEW vs NAPR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 4.45% | 7.34M | Dec 2024 | QEW vs PQAP | |
| Innovator Nasdaq-100 10 Buffer ETF - Quarterly | 5.25% | 157.14M | Jun 2024 | QEW vs QBUF | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 5.75% | 2.34M | Jun 2025 | QEW vs QB |
Lowest Drawdown Alternatives to QEW
Among 43 ETFs in the Nasdaq-100 category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest NASDAQ-100 Conservative Buffer ETF - April | -0.82% | — | Apr 2024 | QEW vs QCAP | |
| Innovator Nasdaq-100 Power Buffer ETF - April | -1.24% | 224.10M | Mar 2020 | QEW vs NAPR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | -1.39% | 7.34M | Dec 2024 | QEW vs PQAP | |
| Innovator Nasdaq-100 10 Buffer ETF - Quarterly | -2.31% | 157.14M | Jun 2024 | QEW vs QBUF | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | -3.21% | 557.94M | Mar 2021 | QEW vs QMAR |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include SPMO, RSP, XLG and span 11 categories. AUM among these funds goes as high as $90B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 75 | 30.35% | 19.93B | Oct 2015 | QEW vs SPMO | |
| Invesco S&P 500 Equal Weight ETF | S&P 500 | 49 | 9.70% | 89.51B | Apr 2003 | QEW vs RSP | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 56 | 7.57% | 11.15B | May 2005 | QEW vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 96 | 96.72% | 2.41B | Jun 2021 | QEW vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 54 | 15.48% | 18.88B | Dec 2005 | QEW vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 21 | 4.38% | 3.23B | Oct 2012 | QEW vs SPHD | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 37 | 8.54% | 8.37B | Oct 2005 | QEW vs PPA | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 67 | 23.73% | 7.49B | Mar 2005 | QEW vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 40 | 7.74% | 3.81B | Feb 2012 | QEW vs IDMO | |
| Invesco S&P 500 Low Volatility ETF | S&P 500, Large Cap Value Equities | 8 | 1.32% | 6.91B | May 2011 | QEW vs SPLV |
Often Compared With QEW
Investors most often compare QEW with QMMY, CPNJ, QQWZ. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare QEW with Any Fund or Stock
Compare QEW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QEW with funds that move differently
Invesco QQQ Equal Weight ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QEW.
Explore QEW Diversifiers