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QQEW vs. ITOT
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QQEW vs. ITOT

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and iShares Core S&P Total U.S. Stock Market ETF (ITOT).

QQEW and ITOT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQEW is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Apr 19, 2006. ITOT is a passively managed fund by iShares that tracks the performance of the S&P Composite 1500 Index. It was launched on Jan 20, 2004. Both QQEW and ITOT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QQEW vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

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QQEW vs. ITOT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund		-10.19%14.22%7.00%33.31%-24.59%17.75%37.30%35.87%-5.30%26.04%
ITOT
iShares Core S&P Total U.S. Stock Market ETF		-3.31%17.00%23.80%26.12%-19.47%25.68%20.71%30.67%-5.33%21.37%

Returns By Period

In the year-to-date period, QQEW achieves a -10.19% return, which is significantly lower than ITOT's -3.31% return. Over the past 10 years, QQEW has underperformed ITOT with an annualized return of 12.17%, while ITOT has yielded a comparatively higher 13.65% annualized return.

QQEW

1D
0.51%
1M
-4.72%
YTD
-10.19%
6M
-9.92%
1Y
5.16%
3Y*
8.81%
5Y*
4.50%
10Y*
12.17%

ITOT

1D
0.72%
1M
-4.34%
YTD
-3.31%
6M
-1.32%
1Y
18.51%
3Y*
18.11%
5Y*
10.62%
10Y*
13.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Nasdaq-100 Equal Weighted Index Fund

iShares Core S&P Total U.S. Stock Market ETF

Often compared with QQEW:
QQEW vs. QQQQQEW vs. QQQEQQEW vs. QQQMQQEW vs. QQMGQQEW vs. VOOQQEW vs. SPYQQEW vs. VUG
Often compared with ITOT:
ITOT vs. VTIITOT vs. VOOITOT vs. SCHBITOT vs. SPYITOT vs. FSKAXITOT vs. IVVITOT vs. IXUS

QQEW vs. ITOT - Expense Ratio Comparison

QQEW has a 0.58% expense ratio, which is higher than ITOT's 0.03% expense ratio.

QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund
ITOT
iShares Core S&P Total U.S. Stock Market ETF

Return for Risk

QQEW vs. ITOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQEW
QQEW Risk / Return Rank: 1919
Overall Rank
QQEW Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
QQEW Sortino Ratio Rank: 1818
Sortino Ratio Rank
QQEW Omega Ratio Rank: 1818
Omega Ratio Rank
QQEW Calmar Ratio Rank: 1919
Calmar Ratio Rank
QQEW Martin Ratio Rank: 2020
Martin Ratio Rank
ITOT
ITOT Risk / Return Rank: 5959
Overall Rank
ITOT Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
ITOT Sortino Ratio Rank: 5757
Sortino Ratio Rank
ITOT Omega Ratio Rank: 6060
Omega Ratio Rank
ITOT Calmar Ratio Rank: 5858
Calmar Ratio Rank
ITOT Martin Ratio Rank: 6969
Martin Ratio Rank
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.

QQEW vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

QQEWITOTDifference

Sharpe ratio

Return per unit of total volatility

0.24

1.00

-0.76

Sortino ratio

Return per unit of downside risk

0.50

1.52

-1.02

Omega ratio

Gain probability vs. loss probability

1.07

1.23

-0.16

Calmar ratio

Return relative to maximum drawdown

0.37

1.53

-1.16

Martin ratio

Return relative to average drawdown

1.22

7.25

-6.03

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQEW vs. ITOT - Sharpe Ratio Comparison

The current QQEW Sharpe Ratio is 0.24, which is lower than the ITOT Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of QQEW and ITOT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QQEWITOTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.24

1.00

-0.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.61

-0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.75

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.54

-0.05

Correlation

The correlation between QQEW and ITOT is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QQEW vs. ITOT - Dividend Comparison

QQEW's dividend yield for the trailing twelve months is around 0.35%, less than ITOT's 1.12% yield.

TTM20252024202320222021202020192018201720162015
QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund		0.35%0.41%0.57%0.70%0.66%0.24%0.34%0.48%0.56%0.48%0.73%0.61%
ITOT
iShares Core S&P Total U.S. Stock Market ETF		1.12%1.11%1.23%1.47%1.66%1.18%1.41%1.88%2.14%1.69%1.83%2.01%

Drawdowns

QQEW vs. ITOT - Drawdown Comparison

The maximum QQEW drawdown since its inception was -58.16%, which is greater than ITOT's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for QQEW and ITOT.

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Drawdown Indicators

QQEWITOTDifference

Max Drawdown

Largest peak-to-trough decline

-58.16%

-55.20%

-2.96%

Max Drawdown (1Y)

Largest decline over 1 year

-15.74%

-12.34%

-3.40%

Max Drawdown (5Y)

Largest decline over 5 years

-32.12%

-25.36%

-6.76%

Max Drawdown (10Y)

Largest decline over 10 years

-32.12%

-35.00%

+2.88%

Current Drawdown

Current decline from peak

-12.61%

-5.51%

-7.10%

Average Drawdown

Average peak-to-trough decline

-8.33%

-7.02%

-1.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.82%

2.61%

+2.21%

Volatility

QQEW vs. ITOT - Volatility Comparison

First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) has a higher volatility of 6.70% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 5.49%. This indicates that QQEW's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQEWITOTDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.70%

5.49%

+1.21%

Volatility (6M)

Calculated over the trailing 6-month period

12.90%

9.78%

+3.12%

Volatility (1Y)

Calculated over the trailing 1-year period

21.82%

18.68%

+3.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.61%

17.36%

+3.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.78%

18.25%

+2.53%