QEW vs. QRMI
QEW (Invesco QQQ Equal Weight ETF) and QRMI (Global X NASDAQ 100 Risk Managed Income ETF) are both Nasdaq-100 funds. QEW is passively managed, while QRMI is actively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. QEW charges 0.25%/yr vs 0.60%/yr for QRMI.
Performance
QEW vs. QRMI - Performance Comparison
Loading charts...
Returns By Period
QEW
- 1D
- -0.67%
- 1M
- 0.22%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QRMI
- 1D
- 0.06%
- 1M
- -0.71%
- 6M
- 2.38%
- YTD
- 2.13%
- 1Y
- 8.80%
- 3Y*
- 6.65%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $538.59K | $483.74K | $1.02M | |
| $169.27K | $136.84K | $139.60K |
QEW vs. QRMI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QEW Invesco QQQ Equal Weight ETF | 20.10% |
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 2.20% |
Correlation
The correlation between QEW and QRMI is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026 | 0.78 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QEW vs. QRMI — Risk / Return Rank
QEW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QRMI
QEW vs. QRMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI). 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 | QRMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.75 | — |
| Martin ratioReturn relative to average drawdown | — | 6.56 | — |
Loading charts...
Drawdowns
QEW vs. QRMI - Drawdown Comparison
The maximum QEW drawdown since its inception was -5.88%, smaller than the maximum QRMI drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for QEW and QRMI.
Loading charts...
Drawdown Indicators
| QEW | QRMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.88% | -20.95% | +15.07% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.04% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.43% | — |
Current DrawdownCurrent decline from peak | -1.11% | -1.43% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -7.75% | +6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.34% | — |
Volatility
QEW vs. QRMI - Volatility Comparison
Loading charts...
Volatility by Period
| QEW | QRMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 6.75% | +12.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 8.39% | +10.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 8.39% | +10.72% |
QEW vs. QRMI - Expense Ratio Comparison
QEW has a 0.25% expense ratio, which is lower than QRMI's 0.60% expense ratio.
Dividends
QEW vs. QRMI - Dividend Comparison
QEW's dividend yield for the trailing twelve months is around 0.11%, less than QRMI's 12.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
QEW Invesco QQQ Equal Weight ETF | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 12.42% | 12.28% | 11.80% | 12.44% | 10.65% | 3.36% |
Frequently Asked Questions
QEW and QRMI have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QEW is cheaper with a 0.25% expense ratio, compared with 0.60% for QRMI.
QRMI has the higher dividend yield at 12.42%, compared with 0.11% for QEW.
They also come from different issuers: Invesco and Global X. Their fees differ too: 0.25% for QEW and 0.60% for QRMI.
Find the right allocation for QEW and QRMI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer