QQEW vs. VHYL.AS

Last updated Jun 14, 2026

QQEW (First Trust Nasdaq-100 Equal Weighted Index Fund) and VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) are both exchange-traded funds - QQEW is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index, while VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 10 years, QQEW returned 14.46%/yr vs 10.46%/yr for VHYL.AS. At a 0.49 correlation, their price movements are largely independent. QQEW charges 0.58%/yr vs 0.29%/yr for VHYL.AS.

Performance

QQEW vs. VHYL.AS - 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 Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, QQEW achieves a 8.24% return, which is significantly lower than VHYL.AS's 12.32% return. Over the past 10 years, QQEW has outperformed VHYL.AS with an annualized return of 14.46%, while VHYL.AS has yielded a comparatively lower 10.46% annualized return.

QQEW

• 1D: 0.68%
• 1M: 6.00%
• YTD: 8.24%
• 6M: 7.47%
• 1Y: 17.03%
• 3Y*: 13.79%
• 5Y*: 7.69%
• 10Y*: 14.46%

VHYL.AS

• 1D: 1.48%
• 1M: 2.04%
• YTD: 12.32%
• 6M: 13.92%
• 1Y: 27.26%
• 3Y*: 18.56%
• 5Y*: 10.72%
• 10Y*: 10.46%

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

QQEW vs. VHYL.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund	8.24%	14.22%	7.00%	33.31%	-24.59%	17.75%	37.30%	35.87%	-5.30%	26.04%
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	12.32%	27.49%	9.55%	10.41%	-5.85%	19.14%	-0.72%	20.52%	-11.34%	19.64%

Correlation

The correlation between QQEW and VHYL.AS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since May 21, 2013	0.49

Return for Risk

QQEW vs. VHYL.AS — Risk / Return Rank

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

QQEW

QQEW Risk / Return Rank: 26
QQEW Sharpe Ratio Rank: 27
QQEW Sortino Ratio Rank: 26
QQEW Omega Ratio Rank: 26
QQEW Calmar Ratio Rank: 24
QQEW Martin Ratio Rank: 25

VHYL.AS

VHYL.AS Risk / Return Rank: 91
VHYL.AS Sharpe Ratio Rank: 92
VHYL.AS Sortino Ratio Rank: 93
VHYL.AS Omega Ratio Rank: 92
VHYL.AS Calmar Ratio Rank: 88
VHYL.AS Martin Ratio Rank: 89

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. VHYL.AS - 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 Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS). 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.

	QQEW	VHYL.AS	Difference
Sharpe ratio: Return per unit of total volatility	0.87	2.52	-1.65
Sortino ratio: Return per unit of downside risk	1.29	3.57	-2.28
Omega ratio: Gain probability vs. loss probability	1.16	1.46	-0.30
Calmar ratio: Return relative to maximum drawdown	0.97	3.41	-2.44
Martin ratio: Return relative to average drawdown	2.93	12.21	-9.28

QQEW vs. VHYL.AS - Sharpe Ratio Comparison

The current QQEW Sharpe Ratio is 0.87, which is lower than the VHYL.AS Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of QQEW and VHYL.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQEW vs. VHYL.AS - Drawdown Comparison

The maximum QQEW drawdown since its inception was -58.16%, which is greater than VHYL.AS's maximum drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for QQEW and VHYL.AS.

Drawdown Indicators

	QQEW	VHYL.AS	Difference
Max Drawdown Largest peak-to-trough decline	-58.16%	-36.02%	-22.14%
Max Drawdown (1Y) Largest decline over 1 year	-15.74%	-7.74%	-8.00%
Max Drawdown (3Y) Largest decline over 3 years	-21.43%	-13.58%	-7.85%
Max Drawdown (5Y) Largest decline over 5 years	-32.12%	-20.99%	-11.13%
Max Drawdown (10Y) Largest decline over 10 years	-32.12%	-36.02%	+3.90%
Current Drawdown Current decline from peak	-4.97%	0.00%	-4.97%
Average Drawdown Average peak-to-trough decline	-8.29%	-8.87%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	2.17%	+3.05%

Volatility

QQEW vs. VHYL.AS - Volatility Comparison

First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) has a higher volatility of 8.08% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) at 2.93%. This indicates that QQEW's price experiences larger fluctuations and is considered to be riskier than VHYL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQEW	VHYL.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.08%	2.93%	+5.15%
Volatility (6M) Calculated over the trailing 6-month period	14.85%	8.34%	+6.51%
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	10.47%	+7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	13.40%	+7.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.93%	14.66%	+6.27%

QQEW vs. VHYL.AS - Expense Ratio Comparison

QQEW has a 0.58% expense ratio, which is higher than VHYL.AS's 0.29% expense ratio.

Dividends

QQEW vs. VHYL.AS - Dividend Comparison

QQEW's dividend yield for the trailing twelve months is around 0.29%, less than VHYL.AS's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund	0.29%	0.41%	0.57%	0.70%	0.66%	0.24%	0.34%	0.48%	0.56%	0.48%	0.73%	0.61%
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	2.46%	2.85%	3.04%	3.41%	3.78%	3.03%	3.08%	3.24%	3.68%	3.13%	3.02%	3.25%

Frequently Asked Questions

Can I hold both QQEW and VHYL.AS in my portfolio?

QQEW and VHYL.AS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQEW or VHYL.AS?

On fees, VHYL.AS is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQEW or VHYL.AS?

VHYL.AS is cheaper with a 0.29% expense ratio, compared with 0.58% for QQEW.

What is the main difference between QQEW and VHYL.AS?

QQEW is categorized as Nasdaq-100, while VHYL.AS is Global Equities. QQEW tracks NASDAQ-100 Equal Weighted Index, while VHYL.AS tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.58% for QQEW and 0.29% for VHYL.AS.