QQQM vs. QEW

Last updated Jun 24, 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 0.91 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: -3.30%
• 1M: -0.42%
• YTD: 16.48%
• 6M: 15.00%
• 1Y: 34.99%
• 3Y*: 26.15%
• 5Y*: 16.11%
• 10Y*: —

QEW

• 1D: -2.01%
• 1M: 1.99%
• 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	18.58%
QEW Invesco QQQ Equal Weight ETF	17.75%

Correlation

The correlation between QQQM 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

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: 60
QQQM Sharpe Ratio Rank: 61
QQQM Sortino Ratio Rank: 56
QQQM Omega Ratio Rank: 59
QQQM Calmar Ratio Rank: 61
QQQM 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.

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.

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.

	QQQM	QEW	Difference
Sharpe ratio: Return per unit of total volatility	1.97	—	—
Sortino ratio: Return per unit of downside risk	2.58	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.94	—	—
Martin ratio: Return relative to average drawdown	10.88	—	—

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 -5.87%. 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%	-5.87%	-29.17%
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	-4.24%	-3.04%	-1.20%
Average Drawdown Average peak-to-trough decline	-8.20%	-1.11%	-7.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	—	—

Volatility

Volatility by Period

	QQQM	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.85%	20.39%	-2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.53%	20.39%	+2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	20.39%	+1.91%

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 0.44%, more than QEW's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.44%	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?

With a correlation of 0.91, QQQM 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, 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 0.44%, compared with 0.11% 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.