QQEW tracks the Nasdaq 100 index with an equal-weighted strategy and higher expense ratio. QQEW has rebounded strongly from 2022, but still trails the S&P 500 and Nasdaq 100 index in returns. QQEW offers lower volatility and more diversification than QQQ, but has inferior long-term returns due to lower exposure to growth stocks.
Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the First Trust NASDAQ-100 Equal Weighted ETF (QQEW) is a passively managed exchange traded fund launched on 04/19/2006.