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First Trust Nasdaq-100 Equal Weighted Index Fund (...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US3373441050

CUSIP

337344105

Issuer

First Trust

Inception Date

Apr 19, 2006

Region

North America (U.S.)

Leveraged

1x

Index Tracked

NASDAQ-100 Equal Weighted Index

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Growth

Share Price Chart


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Compare to other instruments

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


Popular comparisons:
QQEW vs. QQQ QQEW vs. QQQE QQEW vs. VOO QQEW vs. QQQM QQEW vs. SPY QQEW vs. SCHD QQEW vs. DIVO QQEW vs. VOOG QQEW vs. VUG QQEW vs. SCHG
Popular comparisons:
QQEW vs. QQQ QQEW vs. QQQE QQEW vs. VOO QQEW vs. QQQM QQEW vs. SPY QQEW vs. SCHD QQEW vs. DIVO QQEW vs. VOOG QQEW vs. VUG QQEW vs. SCHG

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.


-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.98%
12.32%
QQEW (First Trust Nasdaq-100 Equal Weighted Index Fund)
Benchmark (^GSPC)

Returns By Period

First Trust Nasdaq-100 Equal Weighted Index Fund had a return of 9.35% year-to-date (YTD) and 18.85% in the last 12 months. Over the past 10 years, First Trust Nasdaq-100 Equal Weighted Index Fund had an annualized return of 12.33%, outperforming the S&P 500 benchmark which had an annualized return of 11.16%.


QQEW

YTD

9.35%

1M

0.84%

6M

3.90%

1Y

18.85%

5Y (annualized)

13.38%

10Y (annualized)

12.33%

^GSPC (Benchmark)

YTD

24.72%

1M

1.67%

6M

12.93%

1Y

30.55%

5Y (annualized)

13.88%

10Y (annualized)

11.16%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.69%3.87%1.04%-5.41%2.82%2.49%-0.32%1.20%0.97%-1.40%9.35%
20239.48%-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%
20200.03%-5.47%-10.58%13.24%8.79%4.21%5.25%5.98%-2.98%-2.01%13.82%4.80%37.30%
201911.48%3.68%1.88%4.92%-8.83%8.59%1.64%-2.69%0.83%3.68%3.74%3.57%35.87%
20187.37%-2.96%-2.26%-0.85%2.60%1.07%3.22%2.18%-0.33%-8.65%3.12%-8.66%-5.30%
20175.86%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%
20136.39%0.54%4.11%1.89%3.17%-1.53%7.12%-1.43%6.29%2.25%2.03%3.66%39.92%

Expense Ratio

QQEW features an expense ratio of 0.58%, falling within the medium range.


Expense ratio chart for QQEW: current value at 0.58% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.58%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of QQEW is 46, 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.


The Risk-Adjusted Performance Rank of QQEW is 4646
Combined Rank
The Sharpe Ratio Rank of QQEW is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of QQEW is 4141
Sortino Ratio Rank
The Omega Ratio Rank of QQEW is 4141
Omega Ratio Rank
The Calmar Ratio Rank of QQEW is 5858
Calmar Ratio Rank
The Martin Ratio Rank of QQEW is 4646
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for QQEW, currently valued at 1.24, compared to the broader market0.002.004.001.242.54
The chart of Sortino ratio for QQEW, currently valued at 1.76, compared to the broader market-2.000.002.004.006.008.0010.0012.001.763.40
The chart of Omega ratio for QQEW, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.47
The chart of Calmar ratio for QQEW, currently valued at 1.74, compared to the broader market0.005.0010.0015.001.743.66
The chart of Martin ratio for QQEW, currently valued at 6.04, compared to the broader market0.0020.0040.0060.0080.00100.006.0416.26
QQEW
^GSPC

The current First Trust Nasdaq-100 Equal Weighted Index Fund Sharpe ratio is 1.24. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of First Trust Nasdaq-100 Equal Weighted Index Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.24
2.46
QQEW (First Trust Nasdaq-100 Equal Weighted Index Fund)
Benchmark (^GSPC)

Dividends

Dividend History

First Trust Nasdaq-100 Equal Weighted Index Fund provided a 0.70% 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.


0.20%0.40%0.60%0.80%1.00%$0.00$0.20$0.40$0.60$0.8020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.89$0.82$0.59$0.28$0.35$0.35$0.31$0.28$0.34$0.27$0.45$0.17

Dividend yield

0.70%0.70%0.66%0.24%0.34%0.48%0.56%0.48%0.73%0.62%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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$0.08$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$0.10$0.00$0.00$0.05$0.00$0.00$0.12$0.31
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$0.03$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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.27%
-1.40%
QQEW (First Trust Nasdaq-100 Equal Weighted Index Fund)
Benchmark (^GSPC)

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 2.27%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-58.16%Oct 15, 2007280Nov 20, 2008533Jan 5, 2011813
-32.12%Nov 17, 2021229Oct 14, 2022317Jan 22, 2024546
-30.8%Feb 20, 202022Mar 20, 202053Jun 5, 202075
-20.95%May 13, 201199Oct 3, 201194Feb 16, 2012193
-20.12%Aug 30, 201880Dec 24, 201857Mar 19, 2019137

Volatility

Volatility Chart

The current First Trust Nasdaq-100 Equal Weighted Index Fund volatility is 4.89%, 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.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.89%
4.07%
QQEW (First Trust Nasdaq-100 Equal Weighted Index Fund)
Benchmark (^GSPC)