QEW vs. SPLV

Last updated Jun 4, 2026

QEW (Invesco QQQ Equal Weight ETF) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - QEW is a Nasdaq-100 fund tracking the Nasdaq-100 Equal Weighted Index, while SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index. Both are passively managed. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

QEW vs. SPLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Equal Weight ETF (QEW) and Invesco S&P 500 Low Volatility ETF (SPLV). 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*: —

SPLV

• 1D: 0.08%
• 1M: -2.50%
• YTD: 1.32%
• 6M: 1.06%
• 1Y: -0.03%
• 3Y*: 7.54%
• 5Y*: 5.33%
• 10Y*: 8.01%

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

QEW vs. SPLV - Yearly Performance Comparison

	2026 (YTD)
QEW Invesco QQQ Equal Weight ETF	21.49%
SPLV Invesco S&P 500 Low Volatility ETF	-2.25%

Correlation

The correlation between QEW and SPLV is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.13

Return for Risk

QEW vs. SPLV — Risk / Return Rank

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

SPLV

SPLV Risk / Return Rank: 8
SPLV Sharpe Ratio Rank: 8
SPLV Sortino Ratio Rank: 8
SPLV Omega Ratio Rank: 8
SPLV Calmar Ratio Rank: 8
SPLV Martin Ratio Rank: 8

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. SPLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) and Invesco S&P 500 Low Volatility ETF (SPLV). 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	SPLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.75	0.68	+9.07

Drawdowns

QEW vs. SPLV - Drawdown Comparison

The maximum QEW drawdown since its inception was -4.15%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for QEW and SPLV.

Drawdown Indicators

	QEW	SPLV	Difference
Max Drawdown Largest peak-to-trough decline	-4.15%	-36.26%	+32.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.26%	—
Current Drawdown Current decline from peak	-0.11%	-6.91%	+6.80%
Average Drawdown Average peak-to-trough decline	-0.57%	-3.55%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.05%	—

Volatility

Volatility by Period

	QEW	SPLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	9.78%	+6.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.78%	12.45%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	15.36%	+0.42%

QEW vs. SPLV - Expense Ratio Comparison

Both QEW and SPLV have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

QEW vs. SPLV - Dividend Comparison

QEW has not paid dividends to shareholders, while SPLV's dividend yield for the trailing twelve months is around 2.22%.

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%
SPLV Invesco S&P 500 Low Volatility ETF	2.22%	2.04%	1.88%	2.45%	2.11%	1.51%	2.12%	2.08%	2.18%	2.03%	2.03%	2.28%

Frequently Asked Questions

Can I hold both QEW and SPLV in my portfolio?

QEW and SPLV have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QEW or SPLV?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QEW or SPLV?

QEW and SPLV have the same expense ratio: 0.25% per year.

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

SPLV has the higher dividend yield at 2.22%, compared with 0.00% for QEW.

What is the main difference between QEW and SPLV?

QEW is categorized as Nasdaq-100, while SPLV is S&P 500. QEW tracks Nasdaq-100 Equal Weighted Index, while SPLV tracks S&P 500 Low Volatility Index.