QQEW
QQEW is an exchange-traded fund (ETF) that seeks to track the performance of the NASDAQ-100 Equal Weighted Index. Unlike the traditional NASDAQ-100 Index, which is weighted by market capitalization, QQEW gives equal weight to all 100 stocks in the index, providing balanced exposure to each stock regardless of its market size.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Aug 23, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
8.40%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
7.79%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
15.57%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
21.03%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
1.24
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
1.67
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Explore Insights NowFrequently Asked Questions
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QQEW rebalances its portfolio quarterly to maintain the equal weight allocation among the 100 stocks in the NASDAQ-100 Index. This rebalancing process involves adjusting the weight of each stock to ensure that each maintains an equal share of the fund’s assets.
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Risks associated with QQEW include market risk, sector risk, and the potential for higher volatility due to its equal-weighted approach. Since QQEW gives equal weight to all stocks, it may be more sensitive to the performance of smaller companies within the index compared to market-cap weighted ETFs.
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QQEW distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying securities in the ETF’s portfolio.
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Factors that can affect QQEW’s performance include the relative performance of the 100 stocks in the NASDAQ-100 Equal Weighted Index, market conditions, sector performance, and the effectiveness of the equal-weighting methodology in capturing stock performance.
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QQEW aims to track the NASDAQ-100 Equal Weighted Index, which is different from the traditional NASDAQ-100 Index in that it provides equal exposure to all 100 stocks. This can result in different performance characteristics compared to the market-cap weighted NASDAQ-100 Index. QQEW may outperform or underperform the traditional index depending on the relative performance of the larger versus smaller stocks.
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Key performance metrics for QQEW include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely QQEW follows the NASDAQ-100 Equal Weighted Index.
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Investors can purchase shares of QQEW through a brokerage account, just like other stocks and ETFs. It is traded on the NASDAQ stock exchange under the ticker symbol "QQEW."
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Yes, QQEW can be held in retirement accounts such as IRAs or 401(k)s. It is important for investors to consider their investment goals and risk tolerance when including QQEW in a retirement portfolio.
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Similar ETFs to QQEW include Invesco QQQ Trust (QQQ), which tracks the NASDAQ-100 Index using a market-cap weighted approach, and Invesco NASDAQ-100 ETF (QQQ), which is also market-cap weighted. While these ETFs track the same index, they do not use the equal-weighted methodology of QQEW.
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The historical performance of QQEW reflects its objective to track the NASDAQ-100 Equal Weighted Index. The ETF’s performance may differ from the NASDAQ-100 Index due to the equal weighting of all stocks, which can lead to different return characteristics over various time periods.
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