QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund
First Trust NASDAQ-100 Equal Weighted Index objective is investment results that correspond to the price and yield of the NASDAQ-100 Equal Weighted Index. The Fund invests in the 100 largest n
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.8 B
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
| Inception date | Apr 19, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AXON ENTERPRISE INC | 2.5 % |
| KLA CORPORATION | 2.4 % |
| DOORDASH, INC. CLASS A | 2.4 % |
| ASTERA LABS INC | 2.4 % |
| PALO ALTO NETWORKS INC | 2.3 % |
| FORTINET INC | 2.2 % |
| AIRBNB, INC. CLASS A | 2.2 % |
| ASML HOLDING NV-NY REG SHS | 2.2 % |
| PAYCHEX INC | 2.2 % |
| MONSTER BEVERAGE CORPORATION | 2.2 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 201 |
| Wgt avg mkt cap (mns) | $520,615 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.8% |
| Emerging mkts. | 2.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.6 % |
 |
NETHERLANDS | 2.2 % |
 |
ARGENTINA | 2.2 % |
 |
IRELAND | 2.0 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.3% | 16.9% | 13.8% | 14.3% | 7.3% | 14.3% | 11.4% | 10.9% |
| Dividend Yield | 0.0% | 0.3% | 0.4% | 0.6% | 0.5% | 0.6% | 0.6% | 0.6% |
| Total Returns | 12.3% | 17.2% | 14.2% | 14.8% | 7.8% | 14.9% | 12.0% | 11.5% | Ann. Volatility | 22.1% | 18.1% | 20.3% | 18.5% | 21.0% | 20.9% | 21.6% | 21.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.21 | 70% |
| MSCI EAFE | 0.71 | 38% |
| MSCI Emg Mkts | 0.54 | 47% |
Liquidity Measures
| Avg. volume (000) | 34 |
| ADV traded (mns) | $5 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $154.88 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 2.12/2.24 |
| Bollinger Bands (Upper/Lower) | $161.18/$151.92 |
| Short interest (% of AUM) | 0.8% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QQEW |
Expenses vs. QQEW |
ALTAR Score™ vs. QQEW |
|---|---|---|---|---|
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 59.0% | -1 bp | -0.9% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 57.5% | -9 bp | -0.6% |
| USRD | Themes US R&D Champions ETF | 50.9% | -29 bp | +0.5% |
| QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 48.1% | -23 bp | +0.1% |
| QNXT | iShares Nasdaq-100 ex Top 30 ETF | 44.1% | -38 bp | +0.9% |
| QQMG | Invesco ESG NASDAQ 100 ETF | 40.5% | -38 bp | +0.0% |
| QQQ | Invesco QQQ Trust Series I | 39.4% | -38 bp | +0.1% |
| QQQM | Invesco NASDAQ 100 ETF | 39.4% | -43 bp | +0.1% |
| QFRD | Pacer S&P 500 Quality FCF R&D Leaders ETF | 38.8% | -9 bp | +1.2% |
| QQWZ | Pacer Cash COWZ 100-Nasdaq100 Rotator ETF | 38.6% | -9 bp | +4.2% |
Risk and Returns: QQEW vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/17/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.0%
ALTAR SCORE™
25th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,401 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. QQEW's ALTAR Score™ is approximately -0.7 standard
deviations above the category average. This places QQEW in the 25th percentile
among funds in the category.
Sell-Side Consensus
$177.79
PRICE TARGET
+13.8%
UPSIDE