QEW vs. QQQT

Last updated Jun 24, 2026

QEW (Invesco QQQ Equal Weight ETF) and QQQT (Defiance Nasdaq 100 Income Target ETF) are both Nasdaq-100 funds. QEW is passively managed, while QQQT is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. QEW charges 0.25%/yr vs 1.05%/yr for QQQT.

Performance

QEW vs. QQQT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Equal Weight ETF (QEW) and Defiance Nasdaq 100 Income Target ETF (QQQT). 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*: —

QQQT

• 1D: -3.34%
• 1M: -0.40%
• YTD: 15.08%
• 6M: 14.12%
• 1Y: 28.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QEW vs. QQQT - Yearly Performance Comparison

	2026 (YTD)
QEW Invesco QQQ Equal Weight ETF	17.75%
QQQT Defiance Nasdaq 100 Income Target ETF	17.66%

Correlation

The correlation between QEW and QQQT 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. QQQT — 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.

QQQT

QQQT Risk / Return Rank: 51
QQQT Sharpe Ratio Rank: 53
QQQT Sortino Ratio Rank: 50
QQQT Omega Ratio Rank: 55
QQQT Calmar Ratio Rank: 48
QQQT Martin Ratio Rank: 48

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. QQQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) and Defiance Nasdaq 100 Income Target ETF (QQQT). 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	QQQT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.74	—
Sortino ratio: Return per unit of downside risk	—	2.33	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.26	—
Martin ratio: Return relative to average drawdown	—	7.75	—

Drawdowns

QEW vs. QQQT - Drawdown Comparison

The maximum QEW drawdown since its inception was -5.87%, smaller than the maximum QQQT drawdown of -22.50%. Use the drawdown chart below to compare losses from any high point for QEW and QQQT.

Drawdown Indicators

	QEW	QQQT	Difference
Max Drawdown Largest peak-to-trough decline	-5.87%	-22.50%	+16.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.73%	—
Current Drawdown Current decline from peak	-3.04%	-3.94%	+0.90%
Average Drawdown Average peak-to-trough decline	-1.11%	-3.98%	+2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.71%	—

Volatility

Volatility by Period

	QEW	QQQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.39%	16.56%	+3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.39%	20.78%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.39%	20.78%	-0.39%

QEW vs. QQQT - Expense Ratio Comparison

QEW has a 0.25% expense ratio, which is lower than QQQT's 1.05% expense ratio.

Dividends

QEW vs. QQQT - Dividend Comparison

QEW's dividend yield for the trailing twelve months is around 0.11%, less than QQQT's 19.89% yield.

Position	TTM	2025	2024
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%	0.00%
QQQT Defiance Nasdaq 100 Income Target ETF	19.89%	21.27%	10.35%

Frequently Asked Questions

Can I hold both QEW and QQQT in my portfolio?

With a correlation of 0.91, QEW and QQQT 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 QQQT?

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 QQQT?

QEW is cheaper with a 0.25% expense ratio, compared with 1.05% for QQQT.

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

QQQT has the higher dividend yield at 19.89%, compared with 0.11% for QEW.

What is the main difference between QEW and QQQT?

They also come from different issuers: Invesco and Defiance. Their fees differ too: 0.25% for QEW and 1.05% for QQQT.