First Trust Nasdaq-100 Select Equal Weight ETF
$163.38−1.56 (−0.95%)
- Expense ratio
- 0.55%
- Fund size
- $1.9B
- 1Y return
- +17.5%
- Yield · Last 12 months
- 0.19%
- Holdings
- 50
- Volume · 30D
- 0M sh
- NAV per share
- $162.64
- 52W range
The ETF.net QQEW Grade
Score 46 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.FScore 22Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 64Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 22Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 82Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 46Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 76Category rank
Our read on QQEW
CSame Nasdaq-100 neighborhood, very different math: QQEW screens the names on a blended quality and growth score, then weights them roughly evenly, so a handful of megacaps don't run the whole portfolio.
The Fund seeks to track the price and yield performance of the Nasdaq-100 Select Equal WeightTM Index before fees and expenses, normally investing at least 80% of net assets in index securities.
Why people hold it
- Equal weighting is the whole point. Each of the roughly 100 holdings gets a similar slice at rebalance, so the fund's path leans on the broad Nasdaq-100 field rather than its four or five biggest names.
- Not a blind equal-weight sleeve. The index picks its lineup using a Blended Quality and Growth Score, so the equal weighting is applied to a screened list, not the raw membership roll.ftportfolios.com
- Live since 2006, with billions in assets and quarterly distributions. This is a long-tenured fund that has traded through several full market cycles, not a recent thematic launch.
- The mandate is tight and testable: at least 80% of net assets in the securities of its named index, so what you see in the index rulebook is what drives the portfolio.
Worth knowing
- Fees are the trade-off. At 0.55%, QQEW costs meaningfully more than the typical fund in its multifactor peer group, where broad names like VYM and IUSG run at a fraction of that.
- It trades lightly next to the household-name Nasdaq trackers, so bid-ask spreads can be wider, especially in fast markets or on large orders.
- Still a concentrated slice: roughly 100 companies from one exchange's large-cap index. Equal weighting spreads the bets inside that pool, it doesn't broaden the pool.
QQEW Holdings
- Other
- 50
- 23%
- AMD
Sectors
- Technology58.4%
- Health Care17.0%
- Consumer Discr.10.0%
- Communication8.2%
- Cons. Staples3.9%
- Industrials2.5%
Geography
- United States91.93%
- United Kingdom2.34%
- Netherlands2.04%
- Uruguay1.90%
- Canada1.79%
QQEW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
QQEW$11,747
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.
| Period | QQEW |
|---|---|
| Year to date | +16.1% |
| 1 month | +0.3% |
| 3 months | +5.5% |
| 1 year | +17.5% |
| 3 years | +17.3% |
| 5 years | +8.1% |
| 10 years | +14.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QQEW |
|---|---|---|
| 2026 YTD | +16.1% | |
| 2025 | +14.2% | |
| 2024 | +7.0% | |
| 2023 | +33.3% | |
| 2022 | −24.6% | |
| 2021 | +17.7% | |
| 2020 | +37.3% |
QQEW in the news
QQEW Dividends
- 0.19%
- $0.32
- $0.02 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Mar 26, 2026 | Mar 31, 2026 | $0.02 |
| Dec 12, 2025 | Dec 31, 2025 | $0.19 |
| Sep 25, 2025 | Sep 30, 2025 | $0.11 |
| Jun 26, 2025 | Jun 30, 2025 | $0.13 |
| Mar 27, 2025 | Mar 31, 2025 | $0.15 |
| Dec 13, 2024 | Dec 31, 2024 | $0.14 |
| Sep 26, 2024 | Sep 30, 2024 | $0.13 |
| Jun 27, 2024 | Jun 28, 2024 | $0.22 |
| Mar 21, 2024 | Mar 28, 2024 | $0.22 |
| Dec 22, 2023 | Dec 29, 2023 | $0.32 |
| Sep 22, 2023 | Sep 29, 2023 | $0.16 |
| Jun 27, 2023 | Jun 30, 2023 | $0.15 |
QQEW Risk
- 16.4%
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.
- 0.69
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.
- −32.1%
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.
- 1.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QQEW Cost
0.55%
QQEW0.55%
- The middle half of US Multifactor funds
- Median 0.30%
75 of the 98 US Multifactor funds charge less.