QNXT vs. QEW

Last updated Jul 15, 2026

QNXT (iShares Nasdaq-100 ex Top 30 ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds - QNXT tracks the Nasdaq-100 ex Top 30 UCITS Index while QEW tracks the Nasdaq-100 Equal Weighted Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. QNXT charges 0.20%/yr vs 0.25%/yr for QEW.

Performance

QNXT vs. QEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq-100 ex Top 30 ETF (QNXT) and Invesco QQQ Equal Weight ETF (QEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QNXT

• 1D: -0.43%
• 1M: -1.35%
• 6M: 9.58%
• YTD: 11.75%
• 1Y: 15.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QEW

• 1D: 0.04%
• 1M: -0.19%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QNXT vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QNXT iShares Nasdaq-100 ex Top 30 ETF	12.78%
QEW Invesco QQQ Equal Weight ETF	18.19%

Correlation

The correlation between QNXT and QEW is 0.93, 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	0.93

Return for Risk

QNXT vs. QEW — Risk / Return Rank

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

QNXT

QNXT Risk / Return Rank: 35
QNXT Sharpe Ratio Rank: 34
QNXT Sortino Ratio Rank: 33
QNXT Omega Ratio Rank: 31
QNXT Calmar Ratio Rank: 38
QNXT Martin Ratio Rank: 39

QEW

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

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.

QNXT vs. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq-100 ex Top 30 ETF (QNXT) 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.

	QNXT	QEW	Difference
Sharpe ratio: Return per unit of total volatility	1.00	—	—
Sortino ratio: Return per unit of downside risk	1.47	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.57	—	—
Martin ratio: Return relative to average drawdown	4.94	—	—

Drawdowns

QNXT vs. QEW - Drawdown Comparison

The maximum QNXT drawdown since its inception was -22.25%, which is greater than QEW's maximum drawdown of -5.87%. Use the drawdown chart below to compare losses from any high point for QNXT and QEW.

Drawdown Indicators

	QNXT	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-22.25%	-5.87%	-16.38%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	—	—
Current Drawdown Current decline from peak	-3.98%	-2.68%	-1.30%
Average Drawdown Average peak-to-trough decline	-3.71%	-1.27%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	—	—

Volatility

Volatility by Period

	QNXT	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	19.48%	-3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	19.48%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	19.48%	+0.25%

QNXT vs. QEW - Expense Ratio Comparison

QNXT has a 0.20% expense ratio, which is lower than QEW's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QNXT vs. QEW - Dividend Comparison

QNXT's dividend yield for the trailing twelve months is around 0.68%, more than QEW's 0.11% yield.

Position	TTM	2025	2024
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%	0.00%
QNXT iShares Nasdaq-100 ex Top 30 ETF	0.68%	0.64%	0.22%

Frequently Asked Questions

Can I hold both QNXT and QEW in my portfolio?

With a correlation of 0.93, QNXT and QEW 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, QNXT or QEW?

On fees, QNXT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QNXT or QEW?

QNXT is cheaper with a 0.20% expense ratio, compared with 0.25% for QEW.

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

QNXT has the higher dividend yield at 0.68%, compared with 0.11% for QEW.

What is the main difference between QNXT and QEW?

QNXT tracks Nasdaq-100 ex Top 30 UCITS Index, while QEW tracks Nasdaq-100 Equal Weighted Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for QNXT and 0.25% for QEW.