First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW)
QQEW is a passive ETF by First Trust tracking the investment results of the NASDAQ-100 Equal Weighted Index. QQEW launched on Apr 19, 2006 and has a 0.58% expense ratio.
ETF Info
| ISIN | US3373441050 |
|---|---|
| CUSIP | 337344105 |
| Issuer | First Trust |
| Inception Date | Apr 19, 2006 |
| Region | North America (U.S.) |
| Category | Large Cap Growth Equities |
| Leveraged | 1x |
| Index Tracked | NASDAQ-100 Equal Weighted Index |
| Home Page | www.ftportfolios.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
QQEW features an expense ratio of 0.58%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Nasdaq-100 Equal Weighted Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Nasdaq-100 Equal Weighted Index Fund had a return of 6.71% year-to-date (YTD) and 20.97% in the last 12 months. Over the past 10 years, First Trust Nasdaq-100 Equal Weighted Index Fund had an annualized return of 12.32%, outperforming the S&P 500 benchmark which had an annualized return of 10.92%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.71% | 19.77% |
| 1 month | -0.53% | -0.67% |
| 6 months | 4.33% | 10.27% |
| 1 year | 20.97% | 31.07% |
| 5 years (annualized) | 12.96% | 13.22% |
| 10 years (annualized) | 12.32% | 10.92% |
Monthly Returns
The table below presents the monthly returns of QQEW, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.69% | 3.87% | 1.04% | -5.41% | 2.82% | 2.49% | -0.32% | 1.20% | 0.97% | -1.40% | 6.71% | ||
| 2023 | 9.48% | -1.21% | 5.02% | -2.00% | 2.98% | 5.39% | 4.91% | -3.11% | -4.15% | -4.73% | 10.64% | 7.45% | 33.31% |
| 2022 | -9.07% | -2.96% | 2.81% | -10.56% | -0.95% | -8.00% | 10.64% | -4.48% | -9.19% | 6.00% | 7.37% | -6.61% | -24.59% |
| 2021 | -0.42% | 1.47% | 1.39% | 3.61% | -0.11% | 5.04% | 1.91% | 2.31% | -4.87% | 5.40% | -1.76% | 2.93% | 17.75% |
| 2020 | 0.03% | -5.47% | -10.58% | 13.24% | 8.79% | 4.21% | 5.25% | 5.98% | -2.98% | -2.01% | 13.82% | 4.80% | 37.30% |
| 2019 | 11.48% | 3.68% | 1.88% | 4.92% | -8.83% | 8.59% | 1.64% | -2.69% | 0.83% | 3.68% | 3.74% | 3.57% | 35.87% |
| 2018 | 7.37% | -2.96% | -2.26% | -0.85% | 2.60% | 1.07% | 3.22% | 2.18% | -0.33% | -8.65% | 3.12% | -8.66% | -5.30% |
| 2017 | 5.86% | 3.80% | 1.71% | 1.71% | 3.20% | -1.09% | 2.71% | -0.15% | 1.33% | 1.30% | 2.26% | 0.91% | 26.04% |
| 2016 | -8.28% | 0.28% | 5.97% | -2.25% | 4.02% | -2.33% | 7.02% | 0.89% | 1.31% | -1.79% | 2.89% | 0.10% | 7.11% |
| 2015 | -3.29% | 7.73% | -1.71% | 0.84% | 2.03% | -2.87% | 2.33% | -6.71% | -3.59% | 8.98% | 0.48% | -0.98% | 2.14% |
| 2014 | -1.64% | 7.26% | -3.09% | -1.81% | 3.82% | 3.62% | -0.62% | 4.70% | -1.19% | 3.07% | 4.99% | -0.87% | 19.11% |
| 2013 | 6.39% | 0.54% | 4.11% | 1.89% | 3.17% | -1.53% | 7.12% | -1.43% | 6.29% | 2.25% | 2.03% | 3.66% | 39.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QQEW is 47, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Nasdaq-100 Equal Weighted Index Fund provided a 0.72% dividend yield over the last twelve months, with an annual payout of $0.89 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.89 | $0.82 | $0.59 | $0.28 | $0.35 | $0.35 | $0.30 | $0.28 | $0.34 | $0.27 | $0.45 | $0.17 |
Dividend yield | 0.72% | 0.70% | 0.66% | 0.24% | 0.34% | 0.48% | 0.56% | 0.48% | 0.73% | 0.61% | 1.05% | 0.46% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Nasdaq-100 Equal Weighted Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.57 | |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.32 | $0.82 |
| 2022 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.18 | $0.59 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.10 | $0.28 |
| 2020 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.35 |
| 2019 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.35 |
| 2018 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.12 | $0.30 |
| 2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.28 |
| 2016 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.34 |
| 2015 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.27 |
| 2014 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.15 | $0.45 |
| 2013 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Nasdaq-100 Equal Weighted Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Nasdaq-100 Equal Weighted Index Fund was 58.16%, occurring on Nov 20, 2008. Recovery took 533 trading sessions.
The current First Trust Nasdaq-100 Equal Weighted Index Fund drawdown is 3.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -58.16% | Oct 15, 2007 | 280 | Nov 20, 2008 | 533 | Jan 5, 2011 | 813 |
| -32.12% | Nov 17, 2021 | 229 | Oct 14, 2022 | 317 | Jan 22, 2024 | 546 |
| -30.8% | Feb 20, 2020 | 22 | Mar 20, 2020 | 53 | Jun 5, 2020 | 75 |
| -20.95% | May 13, 2011 | 99 | Oct 3, 2011 | 94 | Feb 16, 2012 | 193 |
| -20.12% | Aug 30, 2018 | 80 | Dec 24, 2018 | 57 | Mar 19, 2019 | 137 |
Volatility
Volatility Chart
The current First Trust Nasdaq-100 Equal Weighted Index Fund volatility is 3.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.