QQQT vs. QEW

Last updated Jun 4, 2026

QQQT (Defiance Nasdaq 100 Income Target ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds. QQQT is actively managed, while QEW is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. QQQT charges 1.05%/yr vs 0.25%/yr for QEW.

Performance

QQQT vs. QEW - Performance Comparison

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

Returns By Period

QQQT

• 1D: -0.29%
• 1M: 9.90%
• YTD: 19.45%
• 6M: 17.66%
• 1Y: 34.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QEW

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

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

QQQT vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QQQT Defiance Nasdaq 100 Income Target ETF	23.73%
QEW Invesco QQQ Equal Weight ETF	21.49%

Correlation

The correlation between QQQT 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

QQQT vs. QEW — Risk / Return Rank

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

QQQT

QQQT Risk / Return Rank: 64
QQQT Sharpe Ratio Rank: 72
QQQT Sortino Ratio Rank: 69
QQQT Omega Ratio Rank: 72
QQQT Calmar Ratio Rank: 54
QQQT Martin Ratio Rank: 55

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.

QQQT vs. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Income Target ETF (QQQT) 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.

	QQQT	QEW	Difference
Sharpe ratio: Return per unit of total volatility	2.38	—	—
Sortino ratio: Return per unit of downside risk	3.21	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	2.73	—	—
Martin ratio: Return relative to average drawdown	9.59	—	—
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

	QQQT	QEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	9.75	-8.76

Drawdowns

QQQT vs. QEW - Drawdown Comparison

The maximum QQQT drawdown since its inception was -22.50%, which is greater than QEW's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for QQQT and QEW.

Drawdown Indicators

	QQQT	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-22.50%	-4.15%	-18.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	—	—
Current Drawdown Current decline from peak	-0.29%	-0.11%	-0.18%
Average Drawdown Average peak-to-trough decline	-4.01%	-0.57%	-3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	—	—

Volatility

Volatility by Period

	QQQT	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.61%	15.78%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.24%	15.78%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	15.78%	+4.46%

QQQT vs. QEW - Expense Ratio Comparison

QQQT has a 1.05% expense ratio, which is higher than QEW's 0.25% expense ratio.

Dividends

QQQT vs. QEW - Dividend Comparison

QQQT's dividend yield for the trailing twelve months is around 19.16%, while QEW has not paid dividends to shareholders.

Position	TTM	2025	2024
QEW Invesco QQQ Equal Weight ETF	0.00%	0.00%	0.00%
QQQT Defiance Nasdaq 100 Income Target ETF	19.16%	21.27%	10.35%

Frequently Asked Questions

Can I hold both QQQT and QEW in my portfolio?

QQQT 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, QQQT 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, QQQT or QEW?

QEW is cheaper with a 0.25% expense ratio, compared with 1.05% for QQQT.

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

QQQT has the higher dividend yield at 19.16%, compared with 0.00% for QEW.

What is the main difference between QQQT and QEW?

They also come from different issuers: Defiance and Invesco. Their fees differ too: 1.05% for QQQT and 0.25% for QEW.