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 | |
|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.15% | 101.29B | Oct 2020 | QQEW vs QQQM | |
| Invesco QQQ ETF | 0.18% | 493.17B | Mar 1999 | QQEW vs QQQ | |
| iShares Nasdaq-100 ex Top 30 ETF | 0.20% | 20.89M | Oct 2024 | QQEW vs QNXT | |
| Invesco ESG NASDAQ 100 ETF | 0.20% | 217.98M | Oct 2021 | QQEW vs QQMG | |
| Invesco QQQ Equal Weight ETF | 0.25% | 24.12M | Mar 2026 | QQEW vs QEW |
Best Risk-Adjusted Alternatives to QQEW
QQEW has a PortfoliosLab risk / return rank of 22. There are 40 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM Nasdaq-100 Buffer 12 ETF - April | 97 | 7.34M | Dec 2024 | QQEW vs PQAP | |
| Innovator Nasdaq-100 Power Buffer ETF - April | 97 | 213.26M | Mar 2020 | QQEW vs NAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 95 | 563.55M | Mar 2021 | QQEW vs QMAR | |
| FT Vest NASDAQ-100 Conservative Buffer ETF - April | 90 | — | Apr 2024 | QQEW vs QCAP | |
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 88 | 78.15M | May 2021 | QQEW vs QQQA |
Top Performing QQEW Alternatives (YTD)
QQEW is at 7.88% YTD. There are 29 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 62.20%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 62.20% | 78.15M | May 2021 | QQEW vs QQQA | |
| First Trust NASDAQ-100 Technology Sector Index Fun... | 37.95% | 4.61B | Apr 2006 | QQEW vs QTEC | |
| Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders E... | 29.97% | 16.30M | Aug 2024 | QQEW vs QQQG | |
| iShares Nasdaq Premium Income Active ETF | 17.95% | 16.20M | Dec 2025 | QQEW vs BALQ | |
| Direxion NASDAQ-100 Equal Weighted Index Shares | 16.37% | 1.37B | Mar 2012 | QQEW vs QQQE |
Lowest Volatility Alternatives to QQEW
QQEW has 17.97% 1-year volatility. There are 40 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 3.62%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest NASDAQ-100 Conservative Buffer ETF - April | 3.62% | — | Apr 2024 | QQEW vs QCAP | |
| Innovator Nasdaq-100 Power Buffer ETF - April | 4.32% | 213.26M | Mar 2020 | QQEW vs NAPR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 4.96% | 7.34M | Dec 2024 | QQEW vs PQAP | |
| Innovator Nasdaq-100 10 Buffer ETF - Quarterly | 5.25% | 158.27M | Jun 2024 | QQEW vs QBUF | |
| FT Vest Nasdaq-100 Conservative Buffer ETF - July | 5.63% | — | Jul 2024 | QQEW vs QCJL |
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 -1.79%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Nasdaq-100 Power Buffer ETF - April | -1.79% | 213.26M | Mar 2020 | QQEW vs NAPR | |
| FT Vest NASDAQ-100 Conservative Buffer ETF - April | -2.10% | — | Apr 2024 | QQEW vs QCAP | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | -2.15% | 7.34M | Dec 2024 | QQEW vs PQAP | |
| Innovator Nasdaq-100 10 Buffer ETF - Quarterly | -2.31% | 158.27M | Jun 2024 | QQEW vs QBUF | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | -3.21% | 563.55M | 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 13 categories. AUM among these funds goes as high as $14B.
Often Compared With QQEW
Investors most often compare QQEW with VOO, SPY, VUG. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare QQEW with Any Fund or Stock
Compare QQEW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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