First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW)

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First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) is up 13.0% since the beginning of the year. QQEW is currently trading at $161 per share. Investors who bought $1,000 worth of QQEW shares 5 years ago would now be looking at an investment worth $1,561.

First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) has returned 13.03% so far this year and 23.14% over the past 12 months. Looking at the last ten years, QQEW has achieved an annualized return of 14.66%, outperforming the S&P 500 Index benchmark, which averaged 13.75% per year.

Based on dividend-adjusted daily data since May 2, 2006, QQEW's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, an investment would double in approximately 5.5 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +14.6%, while the worst month was Oct 2008 at -22.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, QQEW closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.4%, while the worst single day was Mar 16, 2020 at -11.8%.

First Trust Nasdaq-100 Equal Weighted Index Fund has an annualized alpha of 2.52%, beta of 1.02, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since May 03, 2006.

• This ETF captured 117.81% of S&P 500 Index gains and 106.53% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This ETF generated an annualized alpha of 2.52% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.02 and R2 of 0.84, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

QQEW has an expense ratio of 0.58%, placing it in the medium range.

QQEW ranks 34 for risk / return — below 34% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and compare them to S&P 500 Index.

First Trust Nasdaq-100 Equal Weighted Index Fund provided a 0.28% dividend yield over the last twelve months, with an annual payout of $0.45 per share.

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.

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.

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 534 trading sessions.

The current First Trust Nasdaq-100 Equal Weighted Index Fund drawdown is 0.76%.

The chart below shows the rolling one-month volatility.