QEW vs. QNXT

Last updated Jun 4, 2026

QEW (Invesco QQQ Equal Weight ETF) and QNXT (iShares Nasdaq-100 ex Top 30 ETF) are both Nasdaq-100 funds - QEW tracks the Nasdaq-100 Equal Weighted Index while QNXT tracks the Nasdaq-100 ex Top 30 UCITS Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. QEW charges 0.25%/yr vs 0.20%/yr for QNXT.

Performance

QEW vs. QNXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Equal Weight ETF (QEW) and iShares Nasdaq-100 ex Top 30 ETF (QNXT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QEW

• 1D: -0.11%
• 1M: 10.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QNXT

• 1D: -0.61%
• 1M: 9.65%
• YTD: 15.67%
• 6M: 13.13%
• 1Y: 25.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QEW vs. QNXT - Yearly Performance Comparison

	2026 (YTD)
QEW Invesco QQQ Equal Weight ETF	21.49%
QNXT iShares Nasdaq-100 ex Top 30 ETF	18.74%

Correlation

The correlation between QEW and QNXT is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.91

Return for Risk

QEW vs. QNXT — Risk / Return Rank

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

QNXT

QNXT Risk / Return Rank: 49
QNXT Sharpe Ratio Rank: 50
QNXT Sortino Ratio Rank: 49
QNXT Omega Ratio Rank: 47
QNXT Calmar Ratio Rank: 52
QNXT Martin Ratio Rank: 49

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.

QEW vs. QNXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) and iShares Nasdaq-100 ex Top 30 ETF (QNXT). 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.

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

Sharpe Ratios by Period

	QEW	QNXT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.75	0.90	+8.85

Drawdowns

QEW vs. QNXT - Drawdown Comparison

The maximum QEW drawdown since its inception was -4.15%, smaller than the maximum QNXT drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for QEW and QNXT.

Drawdown Indicators

	QEW	QNXT	Difference
Max Drawdown Largest peak-to-trough decline	-4.15%	-22.25%	+18.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.16%	—
Current Drawdown Current decline from peak	-0.11%	-0.61%	+0.50%
Average Drawdown Average peak-to-trough decline	-0.57%	-3.79%	+3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.11%	—

Volatility

Volatility by Period

	QEW	QNXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	15.05%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.78%	19.73%	-3.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	19.73%	-3.95%

QEW vs. QNXT - Expense Ratio Comparison

QEW has a 0.25% expense ratio, which is higher than QNXT's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QEW vs. QNXT - Dividend Comparison

QEW has not paid dividends to shareholders, while QNXT's dividend yield for the trailing twelve months is around 0.60%.

Position	TTM	2025	2024
QEW Invesco QQQ Equal Weight ETF	0.00%	0.00%	0.00%
QNXT iShares Nasdaq-100 ex Top 30 ETF	0.60%	0.64%	0.22%

Frequently Asked Questions

Can I hold both QEW and QNXT in my portfolio?

With a correlation of 0.91, QEW and QNXT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QEW or QNXT?

On fees, QNXT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QEW or QNXT?

QNXT is cheaper with a 0.20% expense ratio, compared with 0.25% for QEW.

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

QNXT has the higher dividend yield at 0.60%, compared with 0.00% for QEW.

What is the main difference between QEW and QNXT?

QEW tracks Nasdaq-100 Equal Weighted Index, while QNXT tracks Nasdaq-100 ex Top 30 UCITS Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for QEW and 0.20% for QNXT.