QEW vs. QMMY

Last updated Aug 4, 2026

QEW (Invesco QQQ Equal Weight ETF) and QMMY (FT Vest Nasdaq-100 Moderate Buffer ETF - May) are both Nasdaq-100 funds. QEW is passively managed, while QMMY is actively managed. Their correlation of 0.83 means they have usually moved in the same direction. QEW charges 0.25%/yr vs 0.90%/yr for QMMY.

Performance

QEW vs. QMMY - Performance Comparison

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

Returns By Period

QEW

• 1D: 1.18%
• 1M: -1.29%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QMMY

• 1D: 0.86%
• 1M: -0.26%
• 6M: 3.15%
• YTD: 4.09%
• 1Y: 10.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.89%

*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)
QEW Invesco QQQ Equal Weight ETF	$487.60K	$470.81K	$1.03M
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	$709.36K	$750.11K	$2.03M

QEW vs. QMMY - Yearly Performance Comparison

	2026 (YTD)
QEW Invesco QQQ Equal Weight ETF	17.53%
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	3.30%

Correlation

The correlation between QEW and QMMY is 0.83, 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 Mar 18, 2026	0.83

Return for Risk

QEW vs. QMMY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QEW

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

QMMY

QMMY Risk / Return Rank: 53
QMMY Sharpe Ratio Rank: 46
QMMY Sortino Ratio Rank: 46
QMMY Omega Ratio Rank: 50
QMMY Calmar Ratio Rank: 53
QMMY Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QEW vs. QMMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) and FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY). 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.

	QEW	QMMY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.28	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.12	—
Martin ratio: Return relative to average drawdown	—	9.56	—

Drawdowns

QEW vs. QMMY - Drawdown Comparison

The maximum QEW drawdown since its inception was -5.88%, smaller than the maximum QMMY drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for QEW and QMMY.

Drawdown Indicators

	QEW	QMMY	Difference
Max Drawdown Largest peak-to-trough decline	-5.88%	-12.82%	+6.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.86%	—
Current Drawdown Current decline from peak	-3.22%	-1.99%	-1.23%
Average Drawdown Average peak-to-trough decline	-1.75%	-1.18%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.07%	—

Volatility

Volatility by Period

	QEW	QMMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.75%	8.09%	+10.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.75%	11.10%	+7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	11.10%	+7.65%

QEW vs. QMMY - Expense Ratio Comparison

QEW has a 0.25% expense ratio, which is lower than QMMY's 0.90% expense ratio.

Dividends

QEW vs. QMMY - Dividend Comparison

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

Position	TTM
QEW Invesco QQQ Equal Weight ETF	0.11%
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	0.00%

Frequently Asked Questions

Can I hold both QEW and QMMY in my portfolio?

QEW and QMMY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QEW or QMMY?

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, QEW or QMMY?

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

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

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

What is the main difference between QEW and QMMY?

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