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QQEW vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between QQEW and QQQ is 0.92, 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.


-0.50.00.51.00.9

Performance

QQEW vs. QQQ - 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 Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

600.00%800.00%1,000.00%1,200.00%1,400.00%JulyAugustSeptemberOctoberNovemberDecember
608.49%
1,334.40%
QQEW
QQQ

Key characteristics

Sharpe Ratio

QQEW:

0.70

QQQ:

1.64

Sortino Ratio

QQEW:

1.04

QQQ:

2.19

Omega Ratio

QQEW:

1.13

QQQ:

1.30

Calmar Ratio

QQEW:

1.01

QQQ:

2.16

Martin Ratio

QQEW:

3.42

QQQ:

7.79

Ulcer Index

QQEW:

3.07%

QQQ:

3.76%

Daily Std Dev

QQEW:

14.99%

QQQ:

17.85%

Max Drawdown

QQEW:

-58.16%

QQQ:

-82.98%

Current Drawdown

QQEW:

-5.42%

QQQ:

-3.63%

Returns By Period

In the year-to-date period, QQEW achieves a 8.15% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, QQEW has underperformed QQQ with an annualized return of 11.98%, while QQQ has yielded a comparatively higher 18.36% annualized return.


QQEW

YTD

8.15%

1M

-1.10%

6M

2.21%

1Y

8.95%

5Y*

11.91%

10Y*

11.98%

QQQ

YTD

27.20%

1M

3.08%

6M

8.34%

1Y

27.81%

5Y*

20.44%

10Y*

18.36%

Compare stocks, funds, or ETFs

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


QQEW vs. QQQ - Expense Ratio Comparison

QQEW has a 0.58% expense ratio, which is higher than QQQ's 0.20% expense ratio.


QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund
Expense ratio chart for QQEW: current value at 0.58% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.58%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

QQEW vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and Invesco QQQ (QQQ). 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.


Sharpe ratio
The chart of Sharpe ratio for QQEW, currently valued at 0.70, compared to the broader market0.002.004.000.701.64
The chart of Sortino ratio for QQEW, currently valued at 1.04, compared to the broader market-2.000.002.004.006.008.0010.001.042.19
The chart of Omega ratio for QQEW, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.001.131.30
The chart of Calmar ratio for QQEW, currently valued at 1.01, compared to the broader market0.005.0010.0015.001.012.16
The chart of Martin ratio for QQEW, currently valued at 3.42, compared to the broader market0.0020.0040.0060.0080.00100.003.427.79
QQEW
QQQ

The current QQEW Sharpe Ratio is 0.70, which is lower than the QQQ Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of QQEW and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.70
1.64
QQEW
QQQ

Dividends

QQEW vs. QQQ - Dividend Comparison

QQEW's dividend yield for the trailing twelve months is around 0.71%, more than QQQ's 0.43% yield.


TTM20232022202120202019201820172016201520142013
QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund
0.45%0.70%0.66%0.24%0.34%0.48%0.56%0.48%0.73%0.62%1.05%0.46%
QQQ
Invesco QQQ
0.43%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

QQEW vs. QQQ - Drawdown Comparison

The maximum QQEW drawdown since its inception was -58.16%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQEW and QQQ. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.42%
-3.63%
QQEW
QQQ

Volatility

QQEW vs. QQQ - Volatility Comparison

First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and Invesco QQQ (QQQ) have volatilities of 5.35% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%9.00%JulyAugustSeptemberOctoberNovemberDecember
5.35%
5.29%
QQEW
QQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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