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QEW

GradeCNASDAQ Global Market

Invesco QQQ Equal Weight ETF

Factor & Screened Index · Invesco · Inception 2026-03-18

$29.96−0.21 (−0.70%)

As of Sep 23, 2026, 3:03 PM EDT

History starts Mar 18, 2026.History starts Mar 18, 2026.
Intraday session: down, 31 prints from 30.17 to 29.96. Range 29.86 to 30.12. Use the arrow keys to read each point.$29.90$30.00$30.1010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$24M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
102
Volume · 30D
0M sh
NAV per share
$29.86
52W range
low $23.71high $31.00

The ETF.net QEW Grade

C

48/ 100

Rank 7 of 9 in US Equal Weight⁠

Confidence Medium

Six-pillar profile for QEW. Scores out of 100: Cost 42, Risk 68, Mission not scored, Tradability 51, Holdings 53, Durability 21. Strongest: Risk (68). Weakest: Durability (21). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 42
    Category rank6/9 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 68
    Category rank2/9 · top 22%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 51
    Category rank5/9 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 53
    Category rank7/9 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 21
    Category rank9/9 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on QEW

ETF.net Research

CFrom the house behind the Nasdaq-100's flagship ETF comes the flip side: the same 100 innovation names, each handed a 1% slice at every quarterly reset, so no handful of mega-caps runs the show.

Stated mandate

The Fund seeks to track, before fees and expenses, the Nasdaq-100 Equal Weighted Index.

Why people hold it

  1. 01Every name starts at a 1% weight and the index resets quarterly, trimming what ran and topping up what lagged. A rules-based check on mega-cap dominance.invesco.comindexes.nasdaqomx.com
  2. 02The sector mix lands differently from the cap-weighted Nasdaq-100: lighter in technology and consumer discretionary, heavier in health care and industrials.invesco.com
  3. 03Came to market at 0.25%, below what the two long-running equal-weight Nasdaq-100 trackers, QQQE and QQEW, charged at the time of launch.direxion.comfinance.yahoo.cominvesting.com

Worth knowing

  1. 01At 0.25% it runs above broad equal-weight large-cap funds such as GSEW and EUSA at 0.09%. The Nasdaq-100 roster is what the extra fee buys.
  2. 02A March 2026 launch, so the live record is short and the fund is still building scale. Newer, smaller ETFs tend to trade with wider bid-ask spreads.
  3. 03Equal weight cuts both ways. Spreading money evenly across roughly 100 names means less exposure to the biggest Nasdaq companies when they are the ones leading.invesco.com

QEW Holdings

As of Sep 20, 2026, 1:55 PM
Asset class
Stocks
Holdings
102
Top-10 weight
13%
Largest holding
WDAY1.4%

Geography

  • United States88.13%
  • Netherlands3.65%
  • United Kingdom2.90%
  • Canada2.25%
  • Uruguay1.09%
  • Singapore1.01%
  • Ireland0.97%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001WDAYWorkday Inc1.37%1,860$361K389
002CRWDCrowdstrike Holdings Inc1.34%1,487$353K454
003PANWPalo Alto Networks Inc1.33%965$351K486
004REGNRegeneron Pharmaceuticals Inc1.32%442$347K401
005ABNBAirbnb Inc1.29%2,040$339K405
006FTNTFortinet Inc1.27%1,970$335K465
007ADPAutomatic Data Processing Inc1.26%1,225$332K434
008DXCMDexcom Inc1.25%3,687$329K365
009DASHDoorDash Inc1.25%1,707$329K339
010PAYXPaychex Inc1.24%2,802$325K366
011MRVLMarvell Technology Inc1.23%1,325$324K458
012PYPLPayPal Holdings Inc1.21%6,075$318K372
013CTASCintas Corp1.19%1,587$314K346
014ROPRoper Technologies Inc1.19%836$312K348
015AMGNAmgen Inc1.19%808$312K470

Showing 1–15 of 102 holdings

QEW Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

QEW$10,054
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. QEW $10,054. SPY $10,415. Use the arrow keys to read each point.$9,436$9,980$10,525Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QEW. Periods over one year show the average yearly return.
PeriodQEW
Year to dateFund launched this year—
1 month−0.7%
3 months+0.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QEW
YearReturn barQEW
2026 YTD+21.9%

Since listing, Mar 18, 2026

QEW in the news

ETF.net Research hasn’t filed on QEW yet — coverage lands here as it’s written.

QEW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Upcoming payment
$0.05 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 22, 2026 $0.03; Sep 21, 2026 $0.05. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Pays Sep 25, 2026$0.05
Jun 22, 2026Jun 26, 2026$0.03

QEW Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.75
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

QEW Cost

Expense ratio0.25%
  • The middle half of US Equal Weight funds
  • Median 0.20%

5 of the 9 US Equal Weight funds charge less.

QEW costs $25.00 a year on $10,000. The median US Equal Weight fund costs $20.00.