QCJL vs. QEW

Last updated Jun 5, 2026

QCJL (FT Vest Nasdaq-100 Conservative Buffer ETF - July) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds. QCJL is actively managed, while QEW is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. QCJL charges 0.90%/yr vs 0.25%/yr for QEW.

Performance

QCJL vs. QEW - Performance Comparison

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

Returns By Period

QCJL

• 1D: 0.04%
• 1M: 1.18%
• YTD: 5.19%
• 6M: 5.63%
• 1Y: 14.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QEW

• 1D: -0.05%
• 1M: 9.40%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCJL vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July	5.48%
QEW Invesco QQQ Equal Weight ETF	21.43%

Correlation

The correlation between QCJL and QEW is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.74

Return for Risk

QCJL vs. QEW — Risk / Return Rank

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

QCJL

QCJL Risk / Return Rank: 81
QCJL Sharpe Ratio Rank: 78
QCJL Sortino Ratio Rank: 82
QCJL Omega Ratio Rank: 84
QCJL Calmar Ratio Rank: 74
QCJL Martin Ratio Rank: 87

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.

QCJL vs. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) 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.

	QCJL	QEW	Difference
Sharpe ratio: Return per unit of total volatility	2.49	—	—
Sortino ratio: Return per unit of downside risk	3.63	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	3.65	—	—
Martin ratio: Return relative to average drawdown	18.55	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QCJL	QEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	9.51	-8.22

Drawdowns

QCJL vs. QEW - Drawdown Comparison

The maximum QCJL drawdown since its inception was -11.18%, which is greater than QEW's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for QCJL and QEW.

Drawdown Indicators

	QCJL	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-11.18%	-4.15%	-7.03%
Max Drawdown (1Y) Largest decline over 1 year	-4.00%	—	—
Current Drawdown Current decline from peak	-0.02%	-0.16%	+0.14%
Average Drawdown Average peak-to-trough decline	-1.07%	-0.57%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	—	—

Volatility

Volatility by Period

	QCJL	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.88%	15.65%	-9.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.47%	15.65%	-6.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	15.65%	-6.18%

QCJL vs. QEW - Expense Ratio Comparison

QCJL has a 0.90% expense ratio, which is higher than QEW's 0.25% expense ratio.

Dividends

QCJL vs. QEW - Dividend Comparison

Neither QCJL nor QEW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QCJL and QEW in my portfolio?

QCJL and QEW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QCJL or QEW?

On fees, QEW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QCJL or QEW?

QEW is cheaper with a 0.25% expense ratio, compared with 0.90% for QCJL.

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

QCJL and QEW have nearly identical dividend yields, around 0.00%.

What is the main difference between QCJL and QEW?

They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.90% for QCJL and 0.25% for QEW.