QQQ vs. QEW
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 0.87 suggests significant overlap in exposure. QQQ charges 0.18%/yr vs 0.25%/yr for QEW.
Performance
QQQ vs. QEW - Performance Comparison
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Returns By Period
QQQ
- 1D
- -0.26%
- 1M
- 10.60%
- YTD
- 21.30%
- 6M
- 19.66%
- 1Y
- 41.82%
- 3Y*
- 28.78%
- 5Y*
- 17.97%
- 10Y*
- 21.94%
QEW
- 1D
- -0.11%
- 1M
- 10.55%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ vs. QEW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QQQ Invesco QQQ ETF | 25.26% |
QEW Invesco QQQ Equal Weight ETF | 21.49% |
Correlation
The correlation between QQQ and QEW is 0.87, 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 19, 2026 | 0.87 |
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Return for Risk
QQQ vs. QEW — Risk / Return Rank
QQQ
QEW
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.
| QQQ | QEW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | — | — |
| Martin ratioReturn relative to average drawdown | 13.49 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQ | QEW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 9.75 | -9.34 |
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 -4.15%. Use the drawdown chart below to compare losses from any high point for QQQ and QEW.
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Drawdown Indicators
| QQQ | QEW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -4.15% | -78.82% |
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 DrawdownCurrent decline from peak | -0.26% | -0.11% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -32.79% | -0.57% | -32.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | — | — |
Volatility
QQQ vs. QEW - Volatility Comparison
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Volatility by Period
| QQQ | QEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 15.78% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 15.78% | +6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 15.78% | +6.51% |
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 0.38%, while QEW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QEW Invesco QQQ Equal Weight ETF | 0.00% | 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 | 0.38% | 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
QQQ and QEW have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.25% for QEW.
QQQ has the higher dividend yield at 0.38%, compared with 0.00% for 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.
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