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 20 ETFs in the Nasdaq-100 category with lower expense ratios, going as low as 0.10%.

Symbol	Name	Expense Ratio	AUM	Inception
QNDX	SPDR Portfolio Nasdaq 100 ETF	0.10%	—	Jun 2026	QQEW vs QNDX
QQQM	Invesco NASDAQ 100 ETF	0.15%	100.59B	Oct 2020	QQEW vs QQQM
QQQ	Invesco QQQ ETF	0.18%	481.14B	Mar 1999	QQEW vs QQQ
QQMG	Invesco ESG NASDAQ 100 ETF	0.20%	206.73M	Oct 2021	QQEW vs QQMG
QNXT	iShares Nasdaq-100 ex Top 30 ETF	0.20%	28.66M	Oct 2024	QQEW vs QNXT

Best Risk-Adjusted Alternatives to QQEW

QQEW has a PortfoliosLab risk / return rank of 26. There are 42 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	97	210.48M	Mar 2020	QQEW vs NAPR
PQAP	PGIM Nasdaq-100 Buffer 12 ETF - April	97	25.92M	Dec 2024	QQEW vs PQAP
QMAR	FT Cboe Vest Nasdaq-100 Buffer ETF - March	95	568.10M	Mar 2021	QQEW vs QMAR
QB	ProShares Nasdaq-100 Dynamic Daily Buffer ETF	94	2.84M	Jun 2025	QQEW vs QB
FTQI	First Trust Nasdaq BuyWrite Income ETF	91	938.31M	Jan 2014	QQEW vs FTQI

Top Performing QQEW Alternatives (YTD)

QQEW is at 9.90% YTD. There are 25 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 43.02%.

Symbol	Name	YTD Return	AUM	Inception
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	43.02%	81.18M	May 2021	QQEW vs QQQA
QTEC	First Trust NASDAQ-100 Technology Sector Index Fun...	32.07%	4.80B	Apr 2006	QQEW vs QTEC
QQQG	Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders E...	25.34%	20.29M	Aug 2024	QQEW vs QQQG
BALQ	iShares Nasdaq Premium Income Active ETF	17.54%	16.35M	Dec 2025	QQEW vs BALQ
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	16.12%	1.40B	Mar 2012	QQEW vs QQQE

Lowest Volatility Alternatives to QQEW

QQEW has 18.17% 1-year volatility. There are 39 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 3.84%.

Symbol	Name	Volatility 1Y	AUM	Inception
QCAP	FT Vest NASDAQ-100 Conservative Buffer ETF - April	3.84%	—	Apr 2024	QQEW vs QCAP
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	4.48%	210.48M	Mar 2020	QQEW vs NAPR
PQAP	PGIM Nasdaq-100 Buffer 12 ETF - April	5.15%	25.92M	Dec 2024	QQEW vs PQAP
QCJL	FT Vest Nasdaq-100 Conservative Buffer ETF - July	5.54%	—	Jul 2024	QQEW vs QCJL
QBUF	Innovator Nasdaq-100 10 Buffer ETF - Quarterly	5.58%	165.79M	Jun 2024	QQEW vs QBUF

Lowest Drawdown Alternatives to QQEW

QQEW has a 1-year max drawdown of -15.74%. There are 42 ETFs in the Nasdaq-100 category with shallower 1-year drawdowns, going as shallow as -1.79%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	-1.79%	210.48M	Mar 2020	QQEW vs NAPR
QCAP	FT Vest NASDAQ-100 Conservative Buffer ETF - April	-2.10%	—	Apr 2024	QQEW vs QCAP
PQAP	PGIM Nasdaq-100 Buffer 12 ETF - April	-2.15%	25.92M	Dec 2024	QQEW vs PQAP
QBUF	Innovator Nasdaq-100 10 Buffer ETF - Quarterly	-2.31%	165.79M	Jun 2024	QQEW vs QBUF
QMAR	FT Cboe Vest Nasdaq-100 Buffer ETF - March	-3.21%	568.10M	Mar 2021	QQEW vs QMAR

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 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	Cybersecurity, Technology Equities	31	28.94%	14.26B	Jul 2015	QQEW vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	49	16.65%	11.74B	Nov 2009	QQEW vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	69	24.42%	10.80B	Mar 2014	QQEW vs AIRR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	4	-8.35%	132.86M	Feb 2012	QQEW vs NFTY
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	87	17.61%	7.48B	Mar 2006	QQEW vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	18	-8.26%	510.89M	Mar 2021	QQEW vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	92	77.15%	2.46B	Sep 2016	QQEW vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	33	13.37%	4.34B	Aug 2012	QQEW vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	46	17.05%	718.18M	Feb 2007	QQEW vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	37	9.14%	3.40B	Mar 2018	QQEW vs KNG

Often Compared With QQEW

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SPY	State Street SPDR S&P 500 ETF	S&P 500	65	10.67%	783.21B	Jan 1993	QQEW vs SPY
VOO	Vanguard S&P 500 ETF	S&P 500	66	10.72%	1.70T	Sep 2010	QQEW vs VOO
VUG	Vanguard Growth ETF	Large Cap Growth Equities	30	6.69%	393.80B	Jan 2004	QQEW vs VUG
SCHG	Schwab U.S. Large-Cap Growth ETF	Large Cap Growth Equities	32	6.40%	60.56B	Dec 2009	QQEW vs SCHG
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	91	22.44%	98.55B	Oct 2011	QQEW vs SCHD
VOOG	Vanguard S&P 500 Growth ETF	S&P 500, Large Cap Growth Equities	44	10.82%	26.50B	Sep 2010	QQEW vs VOOG
SMHN.DE	SÜSS MicroTec SE		81	112.40%	—	—	QQEW vs SMHN.DE
VGT	Vanguard Information Technology ETF	Technology Equities	50	21.52%	170.10B	Mar 2004	QQEW vs VGT
SCHB	Schwab U.S. Broad Market ETF	Large Cap Blend Equities	65	11.27%	43.66B	Nov 2009	QQEW vs SCHB
QBIG	Invesco Top QQQ ETF	Large Cap Blend Equities	30	5.06%	34.28M	Dec 2024	QQEW vs QBIG
DIVO	Amplify CWP Enhanced Dividend Income ETF	Derivative Income	72	7.50%	7.30B	Dec 2016	QQEW vs DIVO
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	35	3.70%	45.17B	May 2020	QQEW vs JEPI
FTCS	First Trust Capital Strength ETF	Large Cap Blend Equities	30	6.52%	7.83B	Jul 2006	QQEW vs FTCS
EQWL	Invesco S&P 100 Equal Weight ETF	Large Cap Blend Equities, Equal Weight	73	11.46%	2.71B	Dec 2006	QQEW vs EQWL
FNGS	MicroSectors FANG+ ETN	Large Cap Growth Equities	23	10.73%	554.66M	Nov 2019	QQEW vs FNGS
FDGRX	Fidelity Growth Company Fund	Large Cap Growth Equities	65	21.12%	—	Jan 1983	QQEW vs FDGRX
BBUS	JPMorgan BetaBuilders U.S. Equity ETF	Large Cap Blend Equities	63	10.33%	8.68B	Mar 2019	QQEW vs BBUS
FPX	First Trust US Equity Opportunities ETF	Large Cap Growth Equities	40	12.24%	1.59B	Apr 2006	QQEW vs FPX
USOY	Defiance Oil Enhanced Options Income ETF	Derivative Income	34	42.63%	58.33M	May 2024	QQEW vs USOY
FMTM	MarketDesk Focused U.S. Momentum ETF	Momentum, Large Cap Growth Equities	73	19.80%	170.29M	Mar 2025	QQEW vs FMTM

Compare QQEW with Any Fund or Stock

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

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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