PortfoliosLab logo
QQEW vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between QQEW and SPY 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.


-0.50.00.51.0
Correlation: 0.9

Performance

QQEW vs. SPY - 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 SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

450.00%500.00%550.00%600.00%650.00%NovemberDecember2025FebruaryMarchApril
577.88%
504.16%
QQEW
SPY

Key characteristics

Sharpe Ratio

QQEW:

0.14

SPY:

0.51

Sortino Ratio

QQEW:

0.35

SPY:

0.86

Omega Ratio

QQEW:

1.05

SPY:

1.13

Calmar Ratio

QQEW:

0.14

SPY:

0.55

Martin Ratio

QQEW:

0.52

SPY:

2.26

Ulcer Index

QQEW:

5.75%

SPY:

4.55%

Daily Std Dev

QQEW:

21.81%

SPY:

20.08%

Max Drawdown

QQEW:

-58.16%

SPY:

-55.19%

Current Drawdown

QQEW:

-11.21%

SPY:

-9.89%

Returns By Period

In the year-to-date period, QQEW achieves a -3.29% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, QQEW has underperformed SPY with an annualized return of 11.03%, while SPY has yielded a comparatively higher 11.99% annualized return.


QQEW

YTD

-3.29%

1M

-3.48%

6M

-4.15%

1Y

2.66%

5Y*

12.28%

10Y*

11.03%

SPY

YTD

-5.76%

1M

-3.16%

6M

-4.30%

1Y

10.76%

5Y*

15.96%

10Y*

11.99%

*Annualized

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. SPY - Expense Ratio Comparison

QQEW has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for QQEW: current value is 0.58%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQEW: 0.58%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

QQEW vs. SPY — Risk-Adjusted Performance Rank

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

QQEW
The Risk-Adjusted Performance Rank of QQEW is 3030
Overall Rank
The Sharpe Ratio Rank of QQEW is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of QQEW is 3131
Sortino Ratio Rank
The Omega Ratio Rank of QQEW is 3030
Omega Ratio Rank
The Calmar Ratio Rank of QQEW is 3232
Calmar Ratio Rank
The Martin Ratio Rank of QQEW is 3131
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6161
Overall Rank
The Sharpe Ratio Rank of SPY is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 5858
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6161
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6464
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

QQEW vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for QQEW, currently valued at 0.14, compared to the broader market-1.000.001.002.003.004.00
QQEW: 0.14
SPY: 0.51
The chart of Sortino ratio for QQEW, currently valued at 0.35, compared to the broader market-2.000.002.004.006.008.00
QQEW: 0.35
SPY: 0.86
The chart of Omega ratio for QQEW, currently valued at 1.05, compared to the broader market0.501.001.502.002.50
QQEW: 1.05
SPY: 1.13
The chart of Calmar ratio for QQEW, currently valued at 0.14, compared to the broader market0.002.004.006.008.0010.0012.00
QQEW: 0.14
SPY: 0.55
The chart of Martin ratio for QQEW, currently valued at 0.52, compared to the broader market0.0020.0040.0060.00
QQEW: 0.52
SPY: 2.26

The current QQEW Sharpe Ratio is 0.14, which is lower than the SPY Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of QQEW and SPY, 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 Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.14
0.51
QQEW
SPY

Dividends

QQEW vs. SPY - Dividend Comparison

QQEW's dividend yield for the trailing twelve months is around 0.54%, less than SPY's 1.30% yield.


TTM20242023202220212020201920182017201620152014
QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund
0.54%0.57%0.70%0.66%0.24%0.34%0.48%0.56%0.48%0.73%0.62%1.05%
SPY
SPDR S&P 500 ETF
1.30%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

QQEW vs. SPY - Drawdown Comparison

The maximum QQEW drawdown since its inception was -58.16%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QQEW and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-11.21%
-9.89%
QQEW
SPY

Volatility

QQEW vs. SPY - Volatility Comparison

First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and SPDR S&P 500 ETF (SPY) have volatilities of 15.65% and 15.12%, 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.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
15.65%
15.12%
QQEW
SPY