QEW vs. QQQ

Last updated Jul 14, 2026

QEW (Invesco QQQ Equal Weight ETF) and QQQ (Invesco QQQ ETF) are both Nasdaq-100 funds from Invesco - QEW tracks the Nasdaq-100 Equal Weighted Index while QQQ tracks the NASDAQ-100 Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. QEW charges 0.25%/yr vs 0.18%/yr for QQQ.

Performance

QEW vs. QQQ - Performance Comparison

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

Returns By Period

QEW

• 1D: -1.11%
• 1M: -0.23%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -1.90%
• 1M: -1.22%
• 6M: 13.75%
• YTD: 16.13%
• 1Y: 29.05%
• 3Y*: 24.08%
• 5Y*: 15.10%
• 10Y*: 21.19%

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

QEW vs. QQQ - Yearly Performance Comparison

	2026 (YTD)
QEW Invesco QQQ Equal Weight ETF	18.14%
QQQ Invesco QQQ ETF	18.25%

Correlation

The correlation between QEW and QQQ is 0.92, 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	0.92

Return for Risk

QEW vs. QQQ — 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.

QQQ

QQQ Risk / Return Rank: 58
QQQ Sharpe Ratio Rank: 58
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 56
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.57	—
Sortino ratio: Return per unit of downside risk	—	2.13	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	8.74	—

Drawdowns

QEW vs. QQQ - Drawdown Comparison

The maximum QEW drawdown since its inception was -5.87%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for QEW and QQQ.

Drawdown Indicators

	QEW	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-5.87%	-82.97%	+77.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-2.72%	-4.51%	+1.79%
Average Drawdown Average peak-to-trough decline	-1.25%	-32.67%	+31.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.33%	—

Volatility

Volatility by Period

	QEW	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.60%	18.61%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.60%	22.80%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	22.44%	-2.84%

QEW vs. QQQ - Expense Ratio Comparison

QEW has a 0.25% expense ratio, which is higher than QQQ's 0.18% 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. QQQ - Dividend Comparison

QEW's dividend yield for the trailing twelve months is around 0.11%, less than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both QEW and QQQ in my portfolio?

With a correlation of 0.92, QEW and QQQ 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 QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QEW or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.25% for QEW.

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

QQQ has the higher dividend yield at 0.43%, compared with 0.11% for QEW.

What is the main difference between QEW and QQQ?

QEW tracks Nasdaq-100 Equal Weighted Index, while QQQ tracks NASDAQ-100 Index. Their fees differ too: 0.25% for QEW and 0.18% for QQQ.