Skip to content
etf.net

EQL vs QEW

ALPS Equal Sector Weight ETF

EQLBNYSE Arca

Invesco QQQ Equal Weight ETF

QEWCNasdaq

Overlap

Expense ratio

EQL −0.06pt a year

EQL0.19%QEW0.25%

Avg volume · 30D

EQL 2.4×the volume

EQL44.7KQEW18.3K

EQL vs QEW Performance

Jul 31, 2026 – Oct 30, 2026

+1.9%EQL−0.7%QEW

Jul 31, 2026 to Oct 30, 2026. EQL +1.9%. QEW −0.7%. Use the arrow keys to read each point.−2%4%6%Jul 2026Sep 2026Oct 2026
Expense ratio
EQL 0.19%, better
QEW 0.25%
Fund size
EQL $786M
QEW $26M
1Y total return
EQL +14.7%
QEW No data
Yield (12M)
EQL 1.29%
QEW No data
Holdings
EQL 498
QEW 104
Avg volume (30D)
EQL 44.7K sh, better
QEW 18.3K sh
NAV per share
EQL $51.91
QEW $28.81
52W range

ETF.net Grade

EQL: Cost 62, Risk 74, Mission 89, Tradability 46, Holdings 44, Durability 64. QEW: Cost 37, Risk 64, Mission not scored, Tradability 42, Holdings 58, Durability 21.
Pillar letters and Scores for EQL, QEW, with each pillar’s weight
PillarEQLQEW
Cost30% weightB62HigherD37
Mission25% weightA89Not scored
Risk15% weightA74HigherB64
Tradability15% weightC46HigherC42
Holdings10% weightC44B58Higher
Durability5% weightB64HigherF21

Rank among US Equal Weight funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EQL and QEW are both graded against the same 9 US Equal Weight funds, so their Grades compare head to head.

US Equal Weight⁠

Category · 9 funds
See all 9 ›

EQL ranks 4th and QEW 7th of 9 funds in the US Equal Weight Category.

  1. Rank 1AEUSAiShares MSCI USA Equal Weighted ETFScore 80
  2. Rank 2AGSEWGoldman Sachs Equal Weight U.S. Large Cap Equity ETFScore 78
  3. Rank 3AEQALInvesco Russell 1000 Equal Weight ETFScore 70
  4. Rank 4BEQLALPS Equal Sector Weight ETFScore 66
  5. Rank 5BEQWLInvesco S&P 100 Equal Weight ETFScore 65
  6. Rank 6BDFVEDoubleLine Fortune 500 Equal Weight ETFScore 63
  7. Rank 7CQEWInvesco QQQ Equal Weight ETFScore 45
  8. Rank 8CEDOWFirst Trust Dow 30 Equal Weight ETFScore 44

Our read on each fund

ETF.net Research

EQLBALPS Equal Sector Weight ETF

QEWCInvesco QQQ Equal Weight ETF

In short

EQL Every equal-weight fund levels something. EQL levels sectors: eleven U.S. economic sectors, each handed an equal slice, so no single sector sets the agenda. Running since 2009 at 0.19% a year.

QEW From 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

EQL EQL passively seeks to track, before fees and expenses, the VettaFi Modelist Equal Weight Sector 500 Index. The index equally weights eleven U.S. economic sectors and float-adjusts stocks within each sector.

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

Why people hold it

  • EQL Eleven sectors, eleven equal slices at each index reset. Any sector's share of the portfolio is capped by the rulebook, not by a manager's opinion.alpsfunds.com
  • 0.19% a year, a shade under the 0.20% typical of its equal-weight peer group.
  • Trading since 2009, one of the longer-running equal-weight funds on the tape, and it sits in the upper half of that peer group.
  • A plain index tracker with a published benchmark (the VettaFi Modelist Equal Weight Sector 500 Index) and no discretionary tilts bolted on.alpsfunds.com
  • QEW 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

  • EQL Cheaper equal-weight funds exist: GSEW and EUSA both run 0.09%, though they level individual stocks rather than sectors.
  • Thinly traded next to the giants in its category, which can mean wider bid-ask spreads at the moment you trade.
  • Equal sectors is not equal stocks. Inside each sector slice, names are float-adjusted, so the biggest companies still lead their own group.alpsfunds.com
  • QEW 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

Full EQL profile⁠

Full QEW profile⁠

EQL vs QEW Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EQL vs QEW Cost

Overpaying QEW vs EQL

$1,207

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

  • EQL 0.19%

    $3,952

  • QEW 0.25%

    $5,159

$10,000
30 years

Cost over time

  • EQL 0.19%
  • QEW 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530QEW $5,159EQL $3,952

Year by year

YearEQLQEWOverpaying
10$347$455$108
20$1,351$1,769$418
30$3,952$5,159$1,207

Expense ratio

  • 0.19%EQL, cheaper
  • 0.25%QEW
  • Middle half of US Equal Weight funds
  • Median 0.20%

EQL 3rd cheapest of 9 funds

QEW 6th cheapest of 9 funds

EQL vs QEW Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EQL 1.29%
QEW No data
Payout (12M)
EQL $0.67
QEW No data
Last payment
EQL $0.18
QEW $0.05
Ex-dividend
EQL Sep 24, 2026
QEW Sep 21, 2026
Paid on
EQL Sep 29, 2026
QEW Sep 25, 2026
Frequency
EQL Quarterly
QEW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EQLQuarterly · 39 paymentsAll EQL payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.27; Jun 21, 2017 $0.33; Sep 21, 2017 $0.35; Dec 21, 2017 $0.42; Mar 22, 2018 $0.30; Jun 21, 2018 $0.36; Sep 20, 2018 $0.38; Dec 20, 2018 $0.49; Mar 21, 2019 $0.31; Jun 20, 2019 $0.41; Sep 19, 2019 $0.36; Dec 19, 2019 $0.48; Mar 19, 2020 $0.64; Jun 18, 2020 $0.38; Sep 17, 2020 $0.41; Dec 22, 2020 $0.55; Mar 18, 2021 $0.37; Jun 17, 2021 $0.44; Sep 23, 2021 $0.45; Dec 22, 2021 $0.60; Mar 24, 2022 $0.41; Jun 23, 2022 $0.48; Sep 22, 2022 $0.54; Dec 22, 2022 $0.72; Mar 23, 2023 $0.52; Jun 22, 2023 $0.45; Sep 21, 2023 $0.56; Dec 21, 2023 $0.62; Mar 21, 2024 $0.48; Jun 20, 2024 $0.49; Sep 24, 2024 $0.59; Dec 24, 2024 $0.67; Mar 26, 2025 $0.51; Jun 25, 2025 $0.19; Sep 25, 2025 $0.20; Dec 24, 2025 $0.24; Mar 26, 2026 $0.18; Jun 25, 2026 $0.07; Sep 24, 2026 $0.18. Use the arrow keys to read each point.$0$0.502017202020232026YTD
QEWQuarterly · 2 paymentsAll QEW payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Jun 22, 2026 $0.03; Sep 21, 2026 $0.05. Use the arrow keys to read each point.$0$0.502017202020232026YTD

EQL vs QEW Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EQL 10.5%QEW No data
Return per unit of riskSharpe ratio, 3 years
EQL 1.46QEW No data
Worst fallMax drawdown, 5 years
EQL −17.4%QEW No data
Market sensitivityBeta, 5 years
EQL 0.73QEW 0.75

Popular comparisons

  • EQLBvsEUSAA

    ALPS Equal Sector Weight ETF · iShares MSCI USA Equal Weighted ETF

    Expense ratio
    0.19% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QEWCvsEUSAA

    Invesco QQQ Equal Weight ETF · iShares MSCI USA Equal Weighted ETF

    Expense ratio
    0.25% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • EQLBvsGSEWA

    ALPS Equal Sector Weight ETF · Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

    Expense ratio
    0.19% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QEWCvsGSEWA

    Invesco QQQ Equal Weight ETF · Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

    Expense ratio
    0.25% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • EQLBvsEQALA

    ALPS Equal Sector Weight ETF · Invesco Russell 1000 Equal Weight ETF

    Expense ratio
    0.19% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QEWCvsEQALA

    Invesco QQQ Equal Weight ETF · Invesco Russell 1000 Equal Weight ETF

    Expense ratio
    0.25% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.