IQQ vs. QEW

Last updated Aug 6, 2026

IQQ (iShares Nasdaq 100 ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds - IQQ tracks the NASDAQ-100 Index while QEW tracks the Nasdaq-100 Equal Weighted Index. Both are passively managed. Their correlation of 0.84 means they have usually moved in the same direction. IQQ charges 0.10%/yr vs 0.25%/yr for QEW.

Performance

IQQ vs. QEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq 100 ETF (IQQ) and Invesco QQQ Equal Weight ETF (QEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IQQ

• 1D: -0.90%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QEW

• 1D: -0.67%
• 1M: 0.22%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQQ iShares Nasdaq 100 ETF	$30.00M	$35.28M	$35.28M
QEW Invesco QQQ Equal Weight ETF	$538.59K	$483.74K	$1.02M

IQQ vs. QEW - Yearly Performance Comparison

	2026 (YTD)
IQQ iShares Nasdaq 100 ETF	-0.53%
QEW Invesco QQQ Equal Weight ETF	1.77%

Correlation

The correlation between IQQ and QEW is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.84

Return for Risk

IQQ vs. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq 100 ETF (IQQ) and Invesco QQQ Equal Weight ETF (QEW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

IQQ vs. QEW - Drawdown Comparison

The maximum IQQ drawdown since its inception was -8.80%, which is greater than QEW's maximum drawdown of -5.88%. Use the drawdown chart below to compare losses from any high point for IQQ and QEW.

Drawdown Indicators

	IQQ	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-8.80%	-5.88%	-2.92%
Current Drawdown Current decline from peak	-1.14%	-1.11%	-0.03%
Average Drawdown Average peak-to-trough decline	-3.39%	-1.73%	-1.66%

Volatility

Volatility by Period

	IQQ	QEW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.88%	19.11%	+6.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.88%	19.11%	+6.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.88%	19.11%	+6.77%

IQQ vs. QEW - Expense Ratio Comparison

IQQ has a 0.10% expense ratio, which is lower than QEW's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IQQ vs. QEW - Dividend Comparison

IQQ has not paid dividends to shareholders, while QEW's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM
IQQ iShares Nasdaq 100 ETF	0.00%
QEW Invesco QQQ Equal Weight ETF	0.11%

Frequently Asked Questions

Can I hold both IQQ and QEW in my portfolio?

IQQ and QEW have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IQQ or QEW?

On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IQQ or QEW?

IQQ is cheaper with a 0.10% expense ratio, compared with 0.25% for QEW.

Which ETF pays a higher dividend yield, IQQ or QEW?

QEW has the higher dividend yield at 0.11%, compared with 0.00% for IQQ.

What is the main difference between IQQ and QEW?

IQQ tracks NASDAQ-100 Index, while QEW tracks Nasdaq-100 Equal Weighted Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for IQQ and 0.25% for QEW.