QEW vs. QQQM

Last updated Jun 24, 2026

QEW (Invesco QQQ Equal Weight ETF) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds from Invesco - QEW tracks the Nasdaq-100 Equal Weighted Index while QQQM tracks the NASDAQ-100 Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. QEW charges 0.25%/yr vs 0.15%/yr for QQQM.

Performance

QEW vs. QQQM - Performance Comparison

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

Returns By Period

QEW

• 1D: -2.01%
• 1M: 1.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQM

• 1D: -3.30%
• 1M: -0.42%
• YTD: 16.48%
• 6M: 15.00%
• 1Y: 34.99%
• 3Y*: 26.15%
• 5Y*: 16.11%
• 10Y*: —

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

QEW vs. QQQM - Yearly Performance Comparison

	2026 (YTD)
QEW Invesco QQQ Equal Weight ETF	17.75%
QQQM Invesco NASDAQ 100 ETF	18.58%

Correlation

The correlation between QEW and QQQM 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 18, 2026	0.91

Return for Risk

QEW vs. QQQM — 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.

QQQM

QQQM Risk / Return Rank: 60
QQQM Sharpe Ratio Rank: 61
QQQM Sortino Ratio Rank: 56
QQQM Omega Ratio Rank: 59
QQQM Calmar Ratio Rank: 61
QQQM 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. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) and Invesco NASDAQ 100 ETF (QQQM). 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	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.97	—
Sortino ratio: Return per unit of downside risk	—	2.58	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.94	—
Martin ratio: Return relative to average drawdown	—	10.88	—

Drawdowns

QEW vs. QQQM - Drawdown Comparison

The maximum QEW drawdown since its inception was -5.87%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for QEW and QQQM.

Drawdown Indicators

	QEW	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-5.87%	-35.04%	+29.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-3.04%	-4.24%	+1.20%
Average Drawdown Average peak-to-trough decline	-1.11%	-8.20%	+7.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.22%	—

Volatility

Volatility by Period

	QEW	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.39%	17.85%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.39%	22.53%	-2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.39%	22.30%	-1.91%

QEW vs. QQQM - Expense Ratio Comparison

QEW has a 0.25% expense ratio, which is higher than QQQM's 0.15% 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. QQQM - Dividend Comparison

QEW's dividend yield for the trailing twelve months is around 0.11%, less than QQQM's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.44%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both QEW and QQQM in my portfolio?

With a correlation of 0.91, QEW and QQQM 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 QQQM?

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QEW or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.25% for QEW.

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

QQQM has the higher dividend yield at 0.44%, compared with 0.11% for QEW.

What is the main difference between QEW and QQQM?

QEW tracks Nasdaq-100 Equal Weighted Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.25% for QEW and 0.15% for QQQM.