QXQ vs. QEW
QXQ (SGI Enhanced Nasdaq-100 ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds. QXQ is actively managed, while QEW is passively managed. Their correlation of 0.91 means they have usually moved in the same direction. QXQ charges 0.98%/yr vs 0.25%/yr for QEW.
Performance
QXQ vs. QEW - Performance Comparison
Loading charts...
Returns By Period
QXQ
- 1D
- 1.59%
- 1M
- -1.86%
- 6M
- 11.58%
- YTD
- 13.63%
- 1Y
- 28.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.65%
QEW
- 1D
- 1.18%
- 1M
- -1.29%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $487.60K | $470.81K | $1.03M | |
| $1.32M | $762.04K | $467.23K |
QXQ vs. QEW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QXQ SGI Enhanced Nasdaq-100 ETF | 16.29% |
QEW Invesco QQQ Equal Weight ETF | 17.53% |
Correlation
The correlation between QXQ and QEW is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026 | 0.91 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QXQ vs. QEW — Risk / Return Rank
QXQ
QEW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QXQ vs. QEW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Nasdaq-100 ETF (QXQ) 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.
| QXQ | QEW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | — | — |
| Martin ratioReturn relative to average drawdown | 7.53 | — | — |
Loading charts...
Drawdowns
QXQ vs. QEW - Drawdown Comparison
The maximum QXQ drawdown since its inception was -22.53%, which is greater than QEW's maximum drawdown of -5.88%. Use the drawdown chart below to compare losses from any high point for QXQ and QEW.
Loading charts...
Drawdown Indicators
| QXQ | QEW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.53% | -5.88% | -16.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | — | — |
Current DrawdownCurrent decline from peak | -6.27% | -3.22% | -3.05% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -1.75% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | — | — |
Volatility
QXQ vs. QEW - Volatility Comparison
Loading charts...
Volatility by Period
| QXQ | QEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.14% | 18.75% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 18.75% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 18.75% | +3.49% |
QXQ vs. QEW - Expense Ratio Comparison
QXQ has a 0.98% expense ratio, which is higher than QEW's 0.25% expense ratio.
Dividends
QXQ vs. QEW - Dividend Comparison
QXQ's dividend yield for the trailing twelve months is around 15.78%, more than QEW's 0.11% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QEW Invesco QQQ Equal Weight ETF | 0.11% | 0.00% | 0.00% |
QXQ SGI Enhanced Nasdaq-100 ETF | 15.78% | 18.21% | 1.97% |
Frequently Asked Questions
With a correlation of 0.91, QXQ 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.
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.
QEW is cheaper with a 0.25% expense ratio, compared with 0.98% for QXQ.
QXQ has the higher dividend yield at 15.78%, compared with 0.11% for QEW.
They also come from different issuers: Summit Global Investments and Invesco. Their fees differ too: 0.98% for QXQ and 0.25% for QEW.
Find the right allocation for QXQ and QEW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer