Invesco QQQ Equal Weight ETF (QEW) Diversifiers

ETF · Currency in USD · Last updated Jul 17, 2026

Invesco QQQ Equal Weight ETF seeks to track the Nasdaq-100 Equal Weighted Index. The fund provides equal-weighted exposure to the non-financial companies in the Nasdaq-100, rebalancing away from the market-cap concentration of traditional Nasdaq-100 products.

Looking to diversify beyond QEW? The ETFs below have the lowest correlation with QEW — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from QEW.

Best Diversifiers for QEW

0 ETFs have low correlation with QEW (below 0.3), 0 of which are negatively correlated. The least correlated is VictoryShares Free Cash Flow ETF (VFLO) (Large Cap Value Equities) with a 1Y correlation of 0.56, roughly unchanged from 0.56 over 3 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
VFLO	VictoryShares Free Cash Flow ETF	0.56	0.56	—	91	Large Cap Value Equities	QEW vs VFLO

Diversification Analysis

Build a portfolio that complements QEW

Add QEW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with QEW