QQWZ vs. QEW

Last updated Jun 4, 2026

QQWZ (Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds. QQWZ is actively managed, while QEW is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. QQWZ charges 0.49%/yr vs 0.25%/yr for QEW.

Performance

QQWZ vs. QEW - Performance Comparison

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

Returns By Period

QQWZ

• 1D: -0.24%
• 1M: 10.66%
• YTD: 18.92%
• 6M: 16.34%
• 1Y: 37.59%
• 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)

QQWZ vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QQWZ Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF	13.86%
QEW Invesco QQQ Equal Weight ETF	21.49%

Correlation

The correlation between QQWZ and QEW is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.74

Return for Risk

QQWZ vs. QEW — Risk / Return Rank

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

QQWZ

QQWZ Risk / Return Rank: 83
QQWZ Sharpe Ratio Rank: 83
QQWZ Sortino Ratio Rank: 81
QQWZ Omega Ratio Rank: 81
QQWZ Calmar Ratio Rank: 86
QQWZ Martin Ratio Rank: 85

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.

QQWZ vs. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF (QQWZ) 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.

	QQWZ	QEW	Difference
Sharpe ratio: Return per unit of total volatility	2.75	—	—
Sortino ratio: Return per unit of downside risk	3.64	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	4.84	—	—
Martin ratio: Return relative to average drawdown	17.81	—	—
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

	QQWZ	QEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.26	9.75	-6.49

Drawdowns

QQWZ vs. QEW - Drawdown Comparison

The maximum QQWZ drawdown since its inception was -7.81%, which is greater than QEW's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for QQWZ and QEW.

Drawdown Indicators

	QQWZ	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-7.81%	-4.15%	-3.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	—	—
Current Drawdown Current decline from peak	-0.24%	-0.11%	-0.13%
Average Drawdown Average peak-to-trough decline	-1.36%	-0.57%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	—	—

Volatility

Volatility by Period

	QQWZ	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.77%	15.78%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	15.78%	-1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.22%	15.78%	-1.56%

QQWZ vs. QEW - Expense Ratio Comparison

QQWZ has a 0.49% expense ratio, which is higher than QEW's 0.25% expense ratio.

Dividends

QQWZ vs. QEW - Dividend Comparison

QQWZ's dividend yield for the trailing twelve months is around 0.31%, while QEW has not paid dividends to shareholders.

Position	TTM	2025
QEW Invesco QQQ Equal Weight ETF	0.00%	0.00%
QQWZ Pacer Cash COWZ 100-Nasdaq 100 Rotator ETF	0.31%	0.11%

Frequently Asked Questions

Can I hold both QQWZ and QEW in my portfolio?

QQWZ and QEW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQWZ 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, QQWZ or QEW?

QEW is cheaper with a 0.25% expense ratio, compared with 0.49% for QQWZ.

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

QQWZ has the higher dividend yield at 0.31%, compared with 0.00% for QEW.

What is the main difference between QQWZ and QEW?

They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.49% for QQWZ and 0.25% for QEW.