QTR vs. QEW

Last updated Jun 24, 2026

QTR (Global X NASDAQ 100 Tail Risk ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds - QTR tracks the NASDAQ-100 Quarterly Protective Put 90 Index while QEW tracks the Nasdaq-100 Equal Weighted Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. QTR charges 0.60%/yr vs 0.25%/yr for QEW.

Performance

QTR vs. QEW - Performance Comparison

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

Returns By Period

QTR

• 1D: -2.27%
• 1M: 0.45%
• YTD: 14.00%
• 6M: 12.63%
• 1Y: 28.74%
• 3Y*: 20.74%
• 5Y*: —
• 10Y*: —

QEW

• 1D: -2.01%
• 1M: 1.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QTR vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QTR Global X NASDAQ 100 Tail Risk ETF	17.18%
QEW Invesco QQQ Equal Weight ETF	17.75%

Correlation

The correlation between QTR 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

QTR vs. QEW — Risk / Return Rank

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

QTR

QTR Risk / Return Rank: 53
QTR Sharpe Ratio Rank: 57
QTR Sortino Ratio Rank: 53
QTR Omega Ratio Rank: 55
QTR Calmar Ratio Rank: 50
QTR Martin Ratio Rank: 49

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.

QTR vs. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Tail Risk ETF (QTR) 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.

	QTR	QEW	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.44	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.35	—	—
Martin ratio: Return relative to average drawdown	7.86	—	—

Drawdowns

QTR vs. QEW - Drawdown Comparison

The maximum QTR drawdown since its inception was -31.72%, which is greater than QEW's maximum drawdown of -5.87%. Use the drawdown chart below to compare losses from any high point for QTR and QEW.

Drawdown Indicators

	QTR	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-5.87%	-25.85%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.99%	—	—
Current Drawdown Current decline from peak	-3.33%	-3.04%	-0.29%
Average Drawdown Average peak-to-trough decline	-8.77%	-1.11%	-7.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	—	—

Volatility

Volatility by Period

	QTR	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.96%	20.39%	-4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.35%	20.39%	-2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	20.39%	-2.04%

QTR vs. QEW - Expense Ratio Comparison

QTR has a 0.60% expense ratio, which is higher than QEW's 0.25% expense ratio.

Dividends

QTR vs. QEW - Dividend Comparison

QTR's dividend yield for the trailing twelve months is around 16.47%, more than QEW's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%
QTR Global X NASDAQ 100 Tail Risk ETF	16.47%	18.77%	0.50%	0.53%	0.36%	1.90%

Frequently Asked Questions

Can I hold both QTR and QEW in my portfolio?

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

QEW is cheaper with a 0.25% expense ratio, compared with 0.60% for QTR.

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

QTR has the higher dividend yield at 16.47%, compared with 0.11% for QEW.

What is the main difference between QTR and QEW?

QTR tracks NASDAQ-100 Quarterly Protective Put 90 Index, while QEW tracks Nasdaq-100 Equal Weighted Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.60% for QTR and 0.25% for QEW.