QQEW Alternatives & Similar ETFs

First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) belongs to the Nasdaq-100 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QQEW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QQEW

QQEW charges 0.58% annually. There are 18 ETFs in the Nasdaq-100 category with lower expense ratios, going as low as 0.15%.

Symbol	Name	Expense Ratio	AUM	Inception
QQQM	Invesco NASDAQ 100 ETF	0.15%	96.91B	Oct 2020	QQEW vs QQQM
QQQ	Invesco QQQ ETF	0.18%	493.99B	Mar 1999	QQEW vs QQQ
QQMG	Invesco ESG NASDAQ 100 ETF	0.20%	212.00M	Oct 2021	QQEW vs QQMG
QNXT	iShares Nasdaq-100 ex Top 30 ETF	0.20%	18.65M	Oct 2024	QQEW vs QNXT
QEW	Invesco QQQ Equal Weight ETF	0.25%	29.55M	Mar 2026	QQEW vs QEW

Best Risk-Adjusted Alternatives to QQEW

QQEW has a PortfoliosLab risk / return rank of 31. There are 39 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
PQAP	PGIM Nasdaq-100 Buffer 12 ETF - April	98	7.34M	Dec 2024	QQEW vs PQAP
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	98	224.10M	Mar 2020	QQEW vs NAPR
QCAP	FT Vest NASDAQ-100 Conservative Buffer ETF - April	97	—	Apr 2024	QQEW vs QCAP
QMAR	FT Cboe Vest Nasdaq-100 Buffer ETF - March	96	557.94M	Mar 2021	QQEW vs QMAR
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	90	45.43M	May 2021	QQEW vs QQQA

Top Performing QQEW Alternatives (YTD)

QQEW is at 12.15% YTD. There are 23 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 65.37%.

Symbol	Name	YTD Return	AUM	Inception
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	65.37%	45.43M	May 2021	QQEW vs QQQA
QTEC	First Trust NASDAQ-100 Technology Sector Index Fun...	44.73%	3.66B	Apr 2006	QQEW vs QTEC
QQQG	Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders E...	32.43%	14.23M	Aug 2024	QQEW vs QQQG
BALQ	iShares Nasdaq Premium Income Active ETF	22.89%	15.10M	Dec 2025	QQEW vs BALQ
QQMG	Invesco ESG NASDAQ 100 ETF	21.86%	212.00M	Oct 2021	QQEW vs QQMG

Lowest Volatility Alternatives to QQEW

QQEW has 16.81% 1-year volatility. There are 43 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 2.69%.

Symbol	Name	Volatility 1Y	AUM	Inception
QCAP	FT Vest NASDAQ-100 Conservative Buffer ETF - April	2.69%	—	Apr 2024	QQEW vs QCAP
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	3.89%	224.10M	Mar 2020	QQEW vs NAPR
PQAP	PGIM Nasdaq-100 Buffer 12 ETF - April	4.45%	7.34M	Dec 2024	QQEW vs PQAP
QBUF	Innovator Nasdaq-100 10 Buffer ETF - Quarterly	5.25%	157.14M	Jun 2024	QQEW vs QBUF
QB	ProShares Nasdaq-100 Dynamic Daily Buffer ETF	5.75%	2.34M	Jun 2025	QQEW vs QB

Lowest Drawdown Alternatives to QQEW

QQEW has a 1-year max drawdown of -15.74%. There are 40 ETFs in the Nasdaq-100 category with shallower 1-year drawdowns, going as shallow as -0.82%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
QCAP	FT Vest NASDAQ-100 Conservative Buffer ETF - April	-0.82%	—	Apr 2024	QQEW vs QCAP
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	-1.24%	224.10M	Mar 2020	QQEW vs NAPR
PQAP	PGIM Nasdaq-100 Buffer 12 ETF - April	-1.39%	7.34M	Dec 2024	QQEW vs PQAP
QBUF	Innovator Nasdaq-100 10 Buffer ETF - Quarterly	-2.31%	157.14M	Jun 2024	QQEW vs QBUF
QMAR	FT Cboe Vest Nasdaq-100 Buffer ETF - March	-3.21%	557.94M	Mar 2021	QQEW vs QMAR

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Technology Equities, Cybersecurity	26	28.52%	13.68B	Jul 2015	QQEW vs CIBR
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastru...	Alternative Energy Equities	79	28.91%	11.29B	Nov 2009	QQEW vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	3	-9.70%	133.88M	Feb 2012	QQEW vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	78	31.77%	10.62B	Mar 2014	QQEW vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	70	13.33%	7.39B	Mar 2006	QQEW vs FDL
IGLD	FT Cboe Vest Gold Strategy Target Income ETF	Precious Metals, Gold	28	1.69%	591.41M	Mar 2021	QQEW vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	97	115.70%	2.52B	Sep 2016	QQEW vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	83	30.57%	4.66B	Aug 2012	QQEW vs TDIV
KNG	FT Cboe Vest S&P 500 Dividend Aristocrats Target I...	Dividend, S&P 500	20	2.20%	3.28B	Mar 2018	QQEW vs KNG
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	89	52.94%	895.30M	Feb 2007	QQEW vs QCLN

Often Compared With QQEW

Investors most often compare QQEW with QQQE, VOO, SPY. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	Nasdaq-100	58	19.12%	1.27B	Mar 2012	QQEW vs QQQE
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	QQEW vs VOO
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	QQEW vs SPY
VUG	Vanguard Growth ETF	Large Cap Growth Equities	43	9.49%	365.00B	Jan 2004	QQEW vs VUG
SCHG	Schwab U.S. Large-Cap Growth ETF	Large Cap Growth Equities	39	6.42%	61.08B	Dec 2009	QQEW vs SCHG
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	80	19.01%	94.95B	Oct 2011	QQEW vs SCHD
VOOG	Vanguard S&P 500 Growth ETF	S&P 500, Large Cap Growth Equities	58	13.78%	24.20B	Sep 2010	QQEW vs VOOG
SMHN.DE	SÜSS MicroTec SE		85	150.26%	—	—	QQEW vs SMHN.DE
VGT	Vanguard Information Technology ETF	Technology Equities	76	31.64%	144.20B	Mar 2004	QQEW vs VGT
SCHB	Schwab U.S. Broad Market ETF	Large Cap Blend Equities	68	11.28%	43.31B	Nov 2009	QQEW vs SCHB
DIVO	Amplify CWP Enhanced Dividend Income ETF	Derivative Income	61	5.53%	7.11B	Dec 2016	QQEW vs DIVO
QBIG	Invesco Top QQQ ETF	Large Cap Blend Equities	45	8.80%	38.40M	Dec 2024	QQEW vs QBIG
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	26	0.15%	44.59B	May 2020	QQEW vs JEPI
FTCS	First Trust Capital Strength ETF	Large Cap Blend Equities	12	0.01%	7.67B	Jul 2006	QQEW vs FTCS
EQWL	Invesco S&P 100 Equal Weight ETF	Large Cap Blend Equities	61	8.74%	2.60B	Dec 2006	QQEW vs EQWL
FPX	First Trust US Equity Opportunities ETF	Large Cap Growth Equities	52	18.28%	1.49B	Apr 2006	QQEW vs FPX
FDGRX	Fidelity Growth Company Fund	Large Cap Growth Equities	76	23.73%	—	Jan 1983	QQEW vs FDGRX
FMTM	MarketDesk Focused U.S. Momentum ETF	Momentum, Large Cap Growth Equities	82	31.75%	33.97M	Mar 2025	QQEW vs FMTM
BBUS	JP Morgan Betabuilders U.S. Equity ETF	Large Cap Growth Equities	68	10.60%	8.38B	Mar 2019	QQEW vs BBUS
FNGS	MicroSectors FANG+ ETN	Large Cap Growth Equities	34	16.26%	554.66M	Nov 2019	QQEW vs FNGS

Compare QQEW with Any Fund or Stock

Compare QQEW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair QQEW with funds that move differently

First Trust Nasdaq-100 Equal Weighted Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QQEW.

Explore QQEW Diversifiers

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