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ETFs

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW
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Today’s Change
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Snapshot
*

Inception Date
Apr 19 2006
Expense Ratio
0.58%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$11,839,325
AUM
$1,887,415,206
Associated Index
NASDAQ-100 Equal Weighted Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

XEL
Xcel Energy, Inc.
1.06%
SGEN
Seagen Inc
1.06%
AMGN
AMGEN Inc.
1.06%
KHC
Kraft Heinz Co
1.05%
ORLY
O`Reilly Automotive, Inc.
1.04%
CSX
CSX Corp.
1.04%
SIRI
Sirius XM Holdings Inc
1.04%
ON
ON Semiconductor Corp.
1.04%
BIIB
Biogen Inc
1.04%
ENPH
Enphase Energy Inc
1.03%
Invest with QQEW

What is QQEW?

The First Trust NASDAQ-100 Equal Weighted Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the NASDAQ-100 Equal Weighted Index.

ETFs related toQQEW

ETFs correlated to QQEW include QQQE, NULG, ESGV

QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
MOAT
VanEck ETF Trust - VanEck Morningstar Wide Moat ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
SFY
Tidal ETF Trust - SoFi Select 500 ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
PABU
iShares Trust - iShares Paris-Aligned Climate MSCI USA ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toQQEW

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with QQEW using Composer

FAQ

QQEW is a US Equities ETF. The First Trust NASDAQ-100 Equal Weighted Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the NASDAQ-100 Equal Weighted Index.

QQEW tracks the NASDAQ-100 Equal Weighted Index.

No, QQEW is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QQEW is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QQEW is -0.0053%. This is the percent change in the value of QQEW over the most recent 1-month period. The 3-month return on QQEW is 0.0012%. This is the percent change in the value of QQEW over the most recent 3-month period.

The standard deviation of QQEW for the past year is 0.211%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QQEW include IVV, MDY, and IJR.

ETFs correlated to QQEW include QQQE, NULG, and ESGV.

ETFs that are inversely correlated to QQEW include HIBS, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.