Skip to content
etf.net

Launched

Invesco QQQ Equal Weight ETF

QEWNasdaqInvescoC

$28.69−0.11 (−0.40%)

At close: Nov 2, 2026, 4:00 PM ET

C45/ 100

Rank 7 of 9 in US Equal Weight

C45/100Rank 7 of 9inUS Equal Weight
Intraday session: down, 79 prints from 28.81 to 28.69. Range 28.68 to 29.16. Use the arrow keys to read each point.28.9029.0029.1010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$26M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
104
Avg volume · 30D
18.3K sh
52W range
low $23.71high $31.00
Launched

The ETF.net QEW Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
US Equal Weight⁠
Rank
7 of 9
Six-pillar profile for QEW. Scores out of 100: Cost 37, Risk 64, Mission not scored, Tradability 42, Holdings 58, Durability 21. Strongest: Risk (64). Weakest: Durability (21). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D37 out of 100
    Rank 6 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B64 out of 100
    Rank 3 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 7 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 5 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F21 out of 100
    Rank 9 of 9

Our read on QEW

ETF.net Research

In short

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

  • Every 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.comnasdaqomx.com
  • The sector mix lands differently from the cap-weighted Nasdaq-100: lighter in technology and consumer discretionary, heavier in health care and industrials.invesco.com
  • Came 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.comyahoo.cominvesting.com

Worth knowing

  • At 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.
  • A 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.
  • Equal 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 Performance

Launched Mar 18, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
QEW$9,930
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. QEW $9,930. SPY $10,141. Use the arrow keys to read each point.$10,000$10,250$10,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month−3.3%
3 months−0.7%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+16.4%

Since listing, Mar 18, 2026

QEW in the news

QEW Dividends

Last payment
$0.05 per share
Paid 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, 2026Sep 25, 2026$0.05
Jun 22, 2026Jun 26, 2026$0.03

QEW Risk

Risk pillarB64 out of 100Rank 3 of 9 in US Equal Weight
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.

FMP measures it over up to five years of monthly returns.

QEW Cost

Compare QEW and GSEW

Overpaying vs GSEW, tied cheapest in US Equal Weight

$3,261

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QEW 0.25%

    $5,159

  • GSEW 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • QEW 0.25%
  • GSEW 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530QEW $5,159GSEW $1,898

Year by year

YearQEWGSEWOverpaying
10$455$165$290
20$1,769$646$1,123
30$5,159$1,898$3,261

Other funds in US Equal Weight

See others