QBIG vs. QQEW

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Top QQQ ETF (QBIG) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW).

QBIG and QQEW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QBIG is an actively managed fund by Invesco. It was launched on Dec 4, 2024. QQEW is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Apr 19, 2006.

Performance

QBIG vs. QQEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Top QQQ ETF (QBIG) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW). The values are adjusted to include any dividend payments, if applicable.

QBIG vs. QQEW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBIG Invesco Top QQQ ETF	-10.30%	21.46%	3.04%
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund	-10.19%	14.22%	-6.42%

Returns By Period

The year-to-date returns for both investments are quite close, with QBIG having a -10.30% return and QQEW slightly higher at -10.19%.

QBIG

• 1D: 1.27%
• 1M: -3.81%
• YTD: -10.30%
• 6M: -8.80%
• 1Y: 28.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQEW

• 1D: 0.51%
• 1M: -4.72%
• YTD: -10.19%
• 6M: -9.92%
• 1Y: 5.16%
• 3Y*: 8.81%
• 5Y*: 4.50%
• 10Y*: 12.17%

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

QBIG vs. QQEW - Expense Ratio Comparison

QBIG has a 0.29% expense ratio, which is lower than QQEW's 0.58% expense ratio.

QQEW

First Trust Nasdaq-100 Equal Weighted Index Fund

QBIG

Invesco Top QQQ ETF

Return for Risk

QBIG vs. QQEW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QBIG

QBIG Risk / Return Rank: 58
QBIG Sharpe Ratio Rank: 58
QBIG Sortino Ratio Rank: 65
QBIG Omega Ratio Rank: 60
QBIG Calmar Ratio Rank: 58
QBIG Martin Ratio Rank: 50

QQEW

QQEW Risk / Return Rank: 19
QQEW Sharpe Ratio Rank: 17
QQEW Sortino Ratio Rank: 18
QQEW Omega Ratio Rank: 18
QQEW Calmar Ratio Rank: 19
QQEW Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QBIG vs. QQEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Top QQQ ETF (QBIG) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW). 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.

	QBIG	QQEW	Difference
Sharpe ratio Return per unit of total volatility	1.06	0.24	+0.82
Sortino ratio Return per unit of downside risk	1.69	0.50	+1.19
Omega ratio Gain probability vs. loss probability	1.23	1.07	+0.16
Calmar ratio Return relative to maximum drawdown	1.56	0.37	+1.19
Martin ratio Return relative to average drawdown	5.02	1.22	+3.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QBIG vs. QQEW - Sharpe Ratio Comparison

The current QBIG Sharpe Ratio is 1.06, which is higher than the QQEW Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of QBIG and QQEW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QBIG	QQEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.24	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.22	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.48	-0.16

Correlation

The correlation between QBIG and QQEW is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QBIG vs. QQEW - Dividend Comparison

QBIG has not paid dividends to shareholders, while QQEW's dividend yield for the trailing twelve months is around 0.35%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QBIG Invesco Top QQQ ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund	0.35%	0.41%	0.57%	0.70%	0.66%	0.24%	0.34%	0.48%	0.56%	0.48%	0.73%	0.61%

Drawdowns

QBIG vs. QQEW - Drawdown Comparison

The maximum QBIG drawdown since its inception was -30.33%, smaller than the maximum QQEW drawdown of -58.16%. Use the drawdown chart below to compare losses from any high point for QBIG and QQEW.

Drawdown Indicators

	QBIG	QQEW	Difference
Max Drawdown Largest peak-to-trough decline	-30.33%	-58.16%	+27.83%
Max Drawdown (1Y) Largest decline over 1 year	-19.70%	-15.74%	-3.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.12%	—
Current Drawdown Current decline from peak	-15.20%	-12.61%	-2.59%
Average Drawdown Average peak-to-trough decline	-7.41%	-8.33%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	4.82%	+1.31%

Volatility

QBIG vs. QQEW - Volatility Comparison

Invesco Top QQQ ETF (QBIG) has a higher volatility of 7.80% compared to First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) at 6.70%. This indicates that QBIG's price experiences larger fluctuations and is considered to be riskier than QQEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBIG	QQEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.80%	6.70%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	15.33%	12.90%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	27.57%	21.82%	+5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.18%	20.61%	+7.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.18%	20.78%	+7.40%