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QQEW vs. SMHN.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QQEW vs. SMHN.DE

Last updated Apr 3, 2026

Compare and contrast key facts about First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and SÜSS MicroTec SE (SMHN.DE).

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.

Performance

QQEW vs. SMHN.DE - 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 SÜSS MicroTec SE (SMHN.DE). The values are adjusted to include any dividend payments, if applicable.

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QQEW vs. SMHN.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund		-10.22%14.22%7.00%33.31%-24.59%17.75%37.30%35.87%-5.30%26.04%
SMHN.DE
SÜSS MicroTec SE		29.19%-8.47%66.13%90.28%-31.22%2.35%72.89%35.02%-50.18%196.77%
Different Trading Currencies

QQEW is traded in USD, while SMHN.DE is traded in EUR. To make them comparable, the SMHN.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQEW achieves a -10.22% return, which is significantly lower than SMHN.DE's 29.19% return. Over the past 10 years, QQEW has underperformed SMHN.DE with an annualized return of 12.23%, while SMHN.DE has yielded a comparatively higher 19.41% annualized return.

QQEW

1D
-0.03%
1M
-3.88%
YTD
-10.22%
6M
-10.54%
1Y
4.38%
3Y*
8.93%
5Y*
4.49%
10Y*
12.23%

SMHN.DE

1D
4.80%
1M
-4.20%
YTD
29.19%
6M
53.82%
1Y
56.55%
3Y*
34.41%
5Y*
13.35%
10Y*
19.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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First Trust Nasdaq-100 Equal Weighted Index Fund

SÜSS MicroTec SE

Often compared with QQEW:
QQEW vs. QQQQQEW vs. QQQEQQEW vs. QQQMQQEW vs. QQMGQQEW vs. VOOQQEW vs. SPYQQEW vs. VUG
Often compared with SMHN.DE:
SMHN.DE vs. SMHSMHN.DE vs. VGT

Return for Risk

QQEW vs. SMHN.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQEW
QQEW Risk / Return Rank: 1717
Overall Rank
QQEW Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
QQEW Sortino Ratio Rank: 1717
Sortino Ratio Rank
QQEW Omega Ratio Rank: 1717
Omega Ratio Rank
QQEW Calmar Ratio Rank: 1717
Calmar Ratio Rank
QQEW Martin Ratio Rank: 1818
Martin Ratio Rank
SMHN.DE
SMHN.DE Risk / Return Rank: 6363
Overall Rank
SMHN.DE Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
SMHN.DE Sortino Ratio Rank: 6262
Sortino Ratio Rank
SMHN.DE Omega Ratio Rank: 6666
Omega Ratio Rank
SMHN.DE Calmar Ratio Rank: 6262
Calmar Ratio Rank
SMHN.DE Martin Ratio Rank: 6161
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. SMHN.DE - 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 SÜSS MicroTec SE (SMHN.DE). 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.

QQEWSMHN.DEDifference

Sharpe ratio

Return per unit of total volatility

0.20

0.90

-0.70

Sortino ratio

Return per unit of downside risk

0.45

1.45

-1.00

Omega ratio

Gain probability vs. loss probability

1.06

1.22

-0.16

Calmar ratio

Return relative to maximum drawdown

0.33

1.17

-0.84

Martin ratio

Return relative to average drawdown

1.05

2.58

-1.53

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. SMHN.DE - Sharpe Ratio Comparison

The current QQEW Sharpe Ratio is 0.20, which is lower than the SMHN.DE Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of QQEW and SMHN.DE, 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

QQEWSMHN.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.20

0.90

-0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.23

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.37

+0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.17

+0.31

Correlation

The correlation between QQEW and SMHN.DE is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

QQEW vs. SMHN.DE - Dividend Comparison

QQEW's dividend yield for the trailing twelve months is around 0.35%, less than SMHN.DE's 0.59% 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%
SMHN.DE
SÜSS MicroTec SE		0.59%0.77%0.41%0.72%1.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

QQEW vs. SMHN.DE - Drawdown Comparison

The maximum QQEW drawdown since its inception was -58.16%, smaller than the maximum SMHN.DE drawdown of -90.74%. Use the drawdown chart below to compare losses from any high point for QQEW and SMHN.DE.

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Drawdown Indicators

QQEWSMHN.DEDifference

Max Drawdown

Largest peak-to-trough decline

-58.16%

-98.23%

+40.07%

Max Drawdown (1Y)

Largest decline over 1 year

-15.74%

-47.78%

+32.04%

Max Drawdown (5Y)

Largest decline over 5 years

-32.12%

-66.29%

+34.17%

Max Drawdown (10Y)

Largest decline over 10 years

-32.12%

-69.66%

+37.54%

Current Drawdown

Current decline from peak

-12.64%

-26.74%

+14.10%

Average Drawdown

Average peak-to-trough decline

-8.33%

-74.08%

+65.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.89%

21.36%

-16.47%

Volatility

QQEW vs. SMHN.DE - Volatility Comparison

The current volatility for First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) is 6.44%, while SÜSS MicroTec SE (SMHN.DE) has a volatility of 20.80%. This indicates that QQEW experiences smaller price fluctuations and is considered to be less risky than SMHN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQEWSMHN.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.44%

20.80%

-14.36%

Volatility (6M)

Calculated over the trailing 6-month period

12.88%

54.58%

-41.70%

Volatility (1Y)

Calculated over the trailing 1-year period

21.81%

66.17%

-44.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.60%

56.36%

-35.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.78%

52.45%

-31.67%