QEW vs. QTEC

Last updated Jun 4, 2026

QEW (Invesco QQQ Equal Weight ETF) and QTEC (First Trust NASDAQ-100 Technology Sector Index Fund) are both Nasdaq-100 funds - QEW tracks the Nasdaq-100 Equal Weighted Index while QTEC tracks the NASDAQ-100 Technology Sector Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. QEW charges 0.25%/yr vs 0.57%/yr for QTEC.

Performance

QEW vs. QTEC - Performance Comparison

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

Returns By Period

QEW

• 1D: -0.11%
• 1M: 10.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTEC

• 1D: 0.07%
• 1M: 22.39%
• YTD: 44.73%
• 6M: 40.31%
• 1Y: 67.84%
• 3Y*: 32.86%
• 5Y*: 17.61%
• 10Y*: 23.00%

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

QEW vs. QTEC - Yearly Performance Comparison

	2026 (YTD)
QEW Invesco QQQ Equal Weight ETF	21.49%
QTEC First Trust NASDAQ-100 Technology Sector Index Fund	48.93%

Correlation

The correlation between QEW and QTEC is 0.94, 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 19, 2026	0.94

Return for Risk

QEW vs. QTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTEC

QTEC Risk / Return Rank: 80
QTEC Sharpe Ratio Rank: 88
QTEC Sortino Ratio Rank: 80
QTEC Omega Ratio Rank: 78
QTEC Calmar Ratio Rank: 81
QTEC Martin Ratio Rank: 72

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. QTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QEW	QTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.97	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.75	0.60	+9.14

Drawdowns

QEW vs. QTEC - Drawdown Comparison

The maximum QEW drawdown since its inception was -4.15%, smaller than the maximum QTEC drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for QEW and QTEC.

Drawdown Indicators

	QEW	QTEC	Difference
Max Drawdown Largest peak-to-trough decline	-4.15%	-58.86%	+54.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.54%	—
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.57%	-9.89%	+9.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.94%	—

Volatility

Volatility by Period

	QEW	QTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	22.98%	-7.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.78%	29.19%	-13.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	27.51%	-11.73%

QEW vs. QTEC - Expense Ratio Comparison

QEW has a 0.25% expense ratio, which is lower than QTEC's 0.57% expense ratio.

Dividends

QEW vs. QTEC - Dividend Comparison

Neither QEW nor QTEC has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QEW Invesco QQQ Equal Weight ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QTEC First Trust NASDAQ-100 Technology Sector Index Fund	0.00%	0.00%	0.02%	0.14%	0.15%	0.02%	0.44%	0.68%	0.91%	0.80%	1.29%	0.99%

Frequently Asked Questions

Can I hold both QEW and QTEC in my portfolio?

With a correlation of 0.94, QEW and QTEC 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 QTEC?

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 QTEC?

QEW is cheaper with a 0.25% expense ratio, compared with 0.57% for QTEC.

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

QEW and QTEC have nearly identical dividend yields, around 0.00%.

What is the main difference between QEW and QTEC?

QEW tracks Nasdaq-100 Equal Weighted Index, while QTEC tracks NASDAQ-100 Technology Sector Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.25% for QEW and 0.57% for QTEC.