QQQH vs. QEW

Last updated Jun 25, 2026

QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds. Their correlation of 0.91 suggests significant overlap in exposure. QQQH charges 0.68%/yr vs 0.25%/yr for QEW.

Performance

QQQH vs. QEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and Invesco QQQ Equal Weight ETF (QEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQQH

• 1D: -1.18%
• 1M: -1.69%
• YTD: 4.35%
• 6M: 3.42%
• 1Y: 14.15%
• 3Y*: 17.76%
• 5Y*: 7.95%
• 10Y*: —

QEW

• 1D: -0.17%
• 1M: 1.82%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQH vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	4.93%
QEW Invesco QQQ Equal Weight ETF	17.55%

Correlation

The correlation between QQQH 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

QQQH vs. QEW — Risk / Return Rank

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

QQQH

QQQH Risk / Return Rank: 44
QQQH Sharpe Ratio Rank: 41
QQQH Sortino Ratio Rank: 38
QQQH Omega Ratio Rank: 42
QQQH Calmar Ratio Rank: 45
QQQH Martin Ratio Rank: 54

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.

QQQH vs. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) 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.

	QQQH	QEW	Difference
Sharpe ratio: Return per unit of total volatility	1.32	—	—
Sortino ratio: Return per unit of downside risk	1.81	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.04	—	—
Martin ratio: Return relative to average drawdown	8.47	—	—

Drawdowns

QQQH vs. QEW - Drawdown Comparison

The maximum QQQH drawdown since its inception was -31.24%, which is greater than QEW's maximum drawdown of -5.87%. Use the drawdown chart below to compare losses from any high point for QQQH and QEW.

Drawdown Indicators

	QQQH	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-31.24%	-5.87%	-25.37%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.24%	—	—
Current Drawdown Current decline from peak	-3.32%	-3.20%	-0.12%
Average Drawdown Average peak-to-trough decline	-8.21%	-1.14%	-7.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	—	—

Volatility

Volatility by Period

	QQQH	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	20.25%	-9.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.36%	20.25%	-6.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.46%	20.25%	-6.79%

QQQH vs. QEW - Expense Ratio Comparison

QQQH has a 0.68% expense ratio, which is higher than QEW's 0.25% expense ratio.

Dividends

QQQH vs. QEW - Dividend Comparison

QQQH's dividend yield for the trailing twelve months is around 9.04%, more than QEW's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	9.04%	8.86%	7.53%	7.18%	9.05%	7.77%	7.48%	0.65%

Frequently Asked Questions

Can I hold both QQQH and QEW in my portfolio?

With a correlation of 0.91, QQQH 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, QQQH or QEW?

On fees, QEW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQH or QEW?

QEW is cheaper with a 0.25% expense ratio, compared with 0.68% for QQQH.

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

QQQH has the higher dividend yield at 9.04%, compared with 0.11% for QEW.

What is the main difference between QQQH and QEW?

They also come from different issuers: Neos and Invesco. Their fees differ too: 0.68% for QQQH and 0.25% for QEW.