QQQM vs. QEW

Last updated Jun 4, 2026

QQQM (Invesco NASDAQ 100 ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds from Invesco - QQQM 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. QQQM charges 0.15%/yr vs 0.25%/yr for QEW.

Performance

QQQM vs. QEW - Performance Comparison

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

Returns By Period

QQQM

• 1D: -0.20%
• 1M: 10.67%
• YTD: 21.39%
• 6M: 19.75%
• 1Y: 41.98%
• 3Y*: 28.89%
• 5Y*: 18.07%
• 10Y*: —

QEW

• 1D: -0.11%
• 1M: 10.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQM vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QQQM Invesco NASDAQ 100 ETF	25.34%
QEW Invesco QQQ Equal Weight ETF	21.49%

Correlation

The correlation between QQQM 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

Return for Risk

QQQM vs. QEW — Risk / Return Rank

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

QQQM

QQQM Risk / Return Rank: 74
QQQM Sharpe Ratio Rank: 80
QQQM Sortino Ratio Rank: 75
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 71

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.

QQQM vs. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) 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.

	QQQM	QEW	Difference
Sharpe ratio: Return per unit of total volatility	2.65	—	—
Sortino ratio: Return per unit of downside risk	3.46	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.53	—	—
Martin ratio: Return relative to average drawdown	13.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQQM	QEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	9.75	-8.90

Drawdowns

QQQM vs. QEW - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, which is greater than QEW's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for QQQM and QEW.

Drawdown Indicators

	QQQM	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-4.15%	-30.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	—	—
Current Drawdown Current decline from peak	-0.20%	-0.11%	-0.09%
Average Drawdown Average peak-to-trough decline	-8.25%	-0.57%	-7.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	—	—

Volatility

Volatility by Period

	QQQM	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	15.78%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.24%	15.78%	+6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.12%	15.78%	+6.34%

QQQM vs. QEW - Expense Ratio Comparison

QQQM has a 0.15% 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

QQQM vs. QEW - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.41%, while QEW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
QEW Invesco QQQ Equal Weight ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both QQQM and QEW in my portfolio?

QQQM 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.

Which ETF is better, QQQM or QEW?

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQM or QEW?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.25% for QEW.

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

QQQM has the higher dividend yield at 0.41%, compared with 0.00% for QEW.

What is the main difference between QQQM and QEW?

QQQM tracks NASDAQ-100 Index, while QEW tracks Nasdaq-100 Equal Weighted Index. Their fees differ too: 0.15% for QQQM and 0.25% for QEW.