QEW vs. QNXT

Last updated Jul 17, 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 0.93 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: -0.34%
• 1M: -1.66%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QNXT

• 1D: 0.02%
• 1M: -3.35%
• 6M: 9.15%
• YTD: 11.21%
• 1Y: 16.42%
• 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	17.27%
QNXT iShares Nasdaq-100 ex Top 30 ETF	12.24%

Correlation

The correlation between QEW and QNXT is 0.93, 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 18, 2026	0.93

Return for Risk

QEW vs. QNXT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

QNXT

QNXT Risk / Return Rank: 36
QNXT Sharpe Ratio Rank: 35
QNXT Sortino Ratio Rank: 34
QNXT Omega Ratio Rank: 33
QNXT Calmar Ratio Rank: 39
QNXT Martin Ratio Rank: 40

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.

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	QNXT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.04	—
Sortino ratio: Return per unit of downside risk	—	1.51	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.62	—
Martin ratio: Return relative to average drawdown	—	5.06	—

Drawdowns

QEW vs. QNXT - Drawdown Comparison

The maximum QEW drawdown since its inception was -5.87%, 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	-5.87%	-22.25%	+16.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.16%	—
Current Drawdown Current decline from peak	-3.44%	-4.44%	+1.00%
Average Drawdown Average peak-to-trough decline	-1.32%	-3.71%	+2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.25%	—

Volatility

Volatility by Period

	QEW	QNXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.30%	15.90%	+3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	19.69%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	19.69%	-0.39%

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's dividend yield for the trailing twelve months is around 0.11%, less than QNXT's 0.68% yield.

Position	TTM	2025	2024
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%	0.00%
QNXT iShares Nasdaq-100 ex Top 30 ETF	0.68%	0.64%	0.22%

Frequently Asked Questions

Can I hold both QEW and QNXT in my portfolio?

With a correlation of 0.93, 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 0.68%, compared with 0.11% 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.