QMMY vs. QEW

Last updated Aug 4, 2026

QMMY (FT Vest Nasdaq-100 Moderate Buffer ETF - May) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds. QMMY is actively managed, while QEW is passively managed. Their correlation of 0.83 means they have usually moved in the same direction. QMMY charges 0.90%/yr vs 0.25%/yr for QEW.

Performance

QMMY vs. QEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) and Invesco QQQ Equal Weight ETF (QEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QMMY

• 1D: 0.86%
• 1M: -0.26%
• 6M: 3.15%
• YTD: 4.09%
• 1Y: 10.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.89%

QEW

• 1D: 1.18%
• 1M: -1.29%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QEW Invesco QQQ Equal Weight ETF	$487.60K	$470.81K	$1.03M
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	$709.36K	$750.11K	$2.03M

QMMY vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	3.30%
QEW Invesco QQQ Equal Weight ETF	17.53%

Correlation

The correlation between QMMY and QEW is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026	0.83

Return for Risk

QMMY vs. QEW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QMMY

QMMY Risk / Return Rank: 53
QMMY Sharpe Ratio Rank: 46
QMMY Sortino Ratio Rank: 46
QMMY Omega Ratio Rank: 50
QMMY Calmar Ratio Rank: 53
QMMY Martin Ratio Rank: 70

QEW

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QMMY vs. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) and Invesco QQQ Equal Weight ETF (QEW). 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.

	QMMY	QEW	Difference
Sharpe ratio: Return per unit of total volatility	1.28	—	—
Sortino ratio: Return per unit of downside risk	1.87	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.12	—	—
Martin ratio: Return relative to average drawdown	9.56	—	—

Drawdowns

QMMY vs. QEW - Drawdown Comparison

The maximum QMMY drawdown since its inception was -12.82%, which is greater than QEW's maximum drawdown of -5.88%. Use the drawdown chart below to compare losses from any high point for QMMY and QEW.

Drawdown Indicators

	QMMY	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-12.82%	-5.88%	-6.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	—	—
Current Drawdown Current decline from peak	-1.99%	-3.22%	+1.23%
Average Drawdown Average peak-to-trough decline	-1.18%	-1.75%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	—	—

Volatility

Volatility by Period

	QMMY	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.09%	18.75%	-10.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.10%	18.75%	-7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.10%	18.75%	-7.65%

QMMY vs. QEW - Expense Ratio Comparison

QMMY has a 0.90% expense ratio, which is higher than QEW's 0.25% expense ratio.

Dividends

QMMY vs. QEW - Dividend Comparison

QMMY has not paid dividends to shareholders, while QEW's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM
QEW Invesco QQQ Equal Weight ETF	0.11%
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	0.00%

Frequently Asked Questions

Can I hold both QMMY and QEW in my portfolio?

QMMY and QEW have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QMMY or QEW?

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, QMMY or QEW?

QEW is cheaper with a 0.25% expense ratio, compared with 0.90% for QMMY.

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

QEW has the higher dividend yield at 0.11%, compared with 0.00% for QMMY.

What is the main difference between QMMY and QEW?

They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.90% for QMMY and 0.25% for QEW.