QQQ vs. QEW

Last updated Jun 24, 2026

QQQ (Invesco QQQ ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds from Invesco - QQQ tracks the NASDAQ-100 Index while QEW tracks the Nasdaq-100 Equal Weighted Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. QQQ charges 0.18%/yr vs 0.25%/yr for QEW.

Performance

QQQ vs. QEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and Invesco QQQ Equal Weight ETF (QEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

QEW

• 1D: -2.01%
• 1M: 1.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQ vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QQQ Invesco QQQ ETF	18.57%
QEW Invesco QQQ Equal Weight ETF	17.75%

Correlation

The correlation between QQQ and QEW is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026	0.91

Return for Risk

QQQ vs. QEW — Risk / Return Rank

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

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

QEW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QQQ vs. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Invesco QQQ Equal Weight ETF (QEW). 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.

	QQQ	QEW	Difference
Sharpe ratio: Return per unit of total volatility	1.95	—	—
Sortino ratio: Return per unit of downside risk	2.57	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.93	—	—
Martin ratio: Return relative to average drawdown	10.86	—	—

Drawdowns

QQQ vs. QEW - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than QEW's maximum drawdown of -5.87%. Use the drawdown chart below to compare losses from any high point for QQQ and QEW.

Drawdown Indicators

	QQQ	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-82.97%	-5.87%	-77.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	—	—
Current Drawdown Current decline from peak	-4.25%	-3.04%	-1.21%
Average Drawdown Average peak-to-trough decline	-32.73%	-1.11%	-31.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	—	—

Volatility

Volatility by Period

	QQQ	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	20.39%	-2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.69%	20.39%	+2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.42%	20.39%	+2.03%

QQQ vs. QEW - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than QEW's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQ vs. QEW - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.43%, more than QEW's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both QQQ and QEW in my portfolio?

With a correlation of 0.91, QQQ and QEW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QQQ or QEW?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQ or QEW?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.25% for QEW.

Which ETF pays a higher dividend yield, QQQ or QEW?

QQQ has the higher dividend yield at 0.43%, compared with 0.11% for QEW.

What is the main difference between QQQ and QEW?

QQQ tracks NASDAQ-100 Index, while QEW tracks Nasdaq-100 Equal Weighted Index. Their fees differ too: 0.18% for QQQ and 0.25% for QEW.