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

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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.

First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) has returned -10.65% so far this year and 5.33% over the past 12 months. Over the last ten years, QQEW has had an annualized return of 12.12%, just under the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since May 2, 2006, QQEW's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, your investment would double in approximately 6.0 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 2.12%, beta of 1.02, and R² of 0.85 versus S&P 500 Index. Calculated based on daily prices since May 03, 2006.

• This ETF captured 116.23% 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 2.12% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 1.02 and R² of 0.85, 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 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

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

First Trust Nasdaq-100 Equal Weighted Index Fund provided a 0.35% 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 13.05%.

The chart below shows the rolling one-month volatility.