QTR vs. QEW

Last updated Jun 4, 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 0.87 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: -0.24%
• 1M: 10.52%
• YTD: 17.64%
• 6M: 15.72%
• 1Y: 33.76%
• 3Y*: 22.93%
• 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)

QTR vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QTR Global X NASDAQ 100 Tail Risk ETF	22.63%
QEW Invesco QQQ Equal Weight ETF	21.49%

Correlation

The correlation between QTR 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

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: 64
QTR Sharpe Ratio Rank: 72
QTR Sortino Ratio Rank: 70
QTR Omega Ratio Rank: 68
QTR Calmar Ratio Rank: 55
QTR 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.

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.

	QTR	QEW	Difference
Sharpe ratio Return per unit of total volatility	2.40	—	—
Sortino ratio Return per unit of downside risk	3.22	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	2.76	—	—
Martin ratio Return relative to average drawdown	9.47	—	—
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

	QTR	QEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	9.75	-9.07

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 -4.15%. 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%	-4.15%	-27.57%
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	-0.24%	-0.11%	-0.13%
Average Drawdown Average peak-to-trough decline	-8.84%	-0.57%	-8.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	—	—

Volatility

Volatility by Period

	QTR	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	15.78%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	15.78%	+2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	15.78%	+2.32%

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 15.96%, while QEW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
QEW Invesco QQQ Equal Weight ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QTR Global X NASDAQ 100 Tail Risk ETF	15.96%	18.77%	0.50%	0.53%	0.36%	1.90%

Frequently Asked Questions

Can I hold both QTR and QEW in my portfolio?

QTR 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, 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 15.96%, compared with 0.00% 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.