QQEW vs SPY
Comparison between FIRST TRUST NASDAQ-100 EQUAL WEIGHTED INDEX FUND (QQEW, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed QQEW, delivering a return of +13.3% compared to +7.0%
QQEW vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QQEW
$1.60B
Winner
SPY
$652B
Expense Ratio
QQEW
0.55%
Winner
SPY
0.09%
Max Drawdown
QQEW
58.17%
Winner
SPY
56.47%
Sharpe Ratio
QQEW
0.84
Winner
SPY
2.07
5Y Beta
QQEW
1.07
Winner
SPY
1.00
P/E Ratio
QQEW
29.89
Winner
SPY
28.24
Forward P/E
Winner
QQEW
18.34
SPY
21.85
PEG Ratio
QQEW
0.50
SPY
N/A
5Y Dividends CAGR
Winner
QQEW
7.10%
SPY
5.43%
5Y EPS CAGR
QQEW
17.21%
Winner
SPY
25.79%
Debt to Equity
QQEW
38.31%
Winner
SPY
22.35%
P/S Ratio
Winner
QQEW
3.24
SPY
3.55
P/B Ratio
Winner
QQEW
4.41
SPY
5.29
QQEW vs SPY - Holdings Comparison
QQEW and SPY have 89 common holdings. Overlap is 23.12%
QQEW's top 25 holdings weight is 29.94%. SPY's top 25 holdings weight is 51.32%.
| Rank | QQEW | SPY |
|---|---|---|
| #1 | MICRON TECHNOLOGY INC (MU) - 1.38% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | INTUITIVE SURGICAL INC (ISRG) - 1.33% | APPLE INC (AAPL) - 6.48% |
| #3 | ADVANCED MICRO DEVICES INC (AMD) - 1.32% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | REGENERON PHARMACEUTICALS INC (REGN) - 1.32% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | BIOGEN INC (BIIB) - 1.28% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | APPLIED MATERIALS INC (AMAT) - 1.27% | BROADCOM INC (AVGO) - 3.09% |
| #7 | ASTRAZENECA PLC ADR (AZN) - 1.22% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | INTEL CORP (INTC) - 1.21% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | ROSS STORES INC (ROST) - 1.21% | TESLA INC (TSLA) - 1.73% |
| #10 | n/a (WBD) - 1.21% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | LAM RESEARCH CORP (LRCX) - 1.19% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | AMGEN INC (AMGN) - 1.19% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | IDEXX LABORATORIES INC (IDXX) - 1.17% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | MONSTER BEVERAGE CORP (MNST) - 1.17% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | ELECTRONIC ARTS INC (EA) - 1.16% | WALMART INC (WMT) - 0.91% |
| #16 | DATADOG INC CLASS A (DDOG) - 1.16% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | MARRIOTT INTERNATIONAL INC CLASS A (MAR) - 1.14% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | AMERICAN ELECTRIC POWER CO INC (AEP) - 1.14% | VISA INC CLASS A (V) - 0.85% |
| #19 | n/a (CTSH) - 1.13% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | MARVELL TECHNOLOGY INC (MRVL) - 1.13% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | APPLE INC (AAPL) - 1.13% | INTEL CORP (INTC) - 0.65% |
| #22 | CISCO SYSTEMS INC (CSCO) - 1.12% | NETFLIX INC (NFLX) - 0.64% |
| #23 | BROADCOM INC (AVGO) - 1.12% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | GILEAD SCIENCES INC (GILD) - 1.12% | CHEVRON CORP (CVX) - 0.58% |
| #25 | VERTEX PHARMACEUTICALS INC (VRTX) - 1.12% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 103 | 505 |
QQEW vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
QQEW
+10.82%
SPY
+9.11%
3M
Winner
QQEW
+7.40%
SPY
+6.59%
6M
QQEW
+3.51%
Winner
SPY
+10.56%
1Y
QQEW
+16.37%
Winner
SPY
+32.04%
5Y(CAGR)
QQEW
+7.03%
Winner
SPY
+13.35%
10Y(CAGR)
QQEW
+14.08%
Winner
SPY
+15.49%
Max(CAGR)
Winner
QQEW
+11.07%
SPY
+8.50%
QQEW vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | QQEW | SPY |
|---|---|---|
| 2026 | +2.63% | +8.27% |
| 2025 | +14.23% | +18.00% |
| 2024 | +8.18% | +25.59% |
| 2023 | +34.03% | +26.72% |
| 2022 | -24.48% | -18.64% |
| 2021 | +19.34% | +30.52% |
| 2020 | +35.50% | +17.28% |
| 2019 | +35.60% | +31.09% |
| 2018 | -6.84% | -5.24% |
| 2017 | +24.72% | +20.78% |
| 2016 | +9.25% | +13.59% |
| 2015 | +2.36% | +1.31% |
| 2014 | +20.17% | +14.56% |
| 2013 | +36.11% | +29.00% |
| 2012 | +13.26% | +14.17% |
| 2011 | -4.26% | +0.85% |
| 2010 | +18.89% | +13.14% |
| 2009 | +53.21% | +22.67% |
| 2008 | -42.40% | -36.25% |
| 2007 | +9.46% | +5.32% |
| 2006 | +2.75% | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
QQEW vs SPY Drawdown Comparison
The maximum drawdown for QQEW was -58.16%, occurring on Nov 20, 2008. Recovery took 814 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current QQEW drawdown is -0.68%.
| Rank | QQEW | SPY |
|---|---|---|
| #1 | -58.16% Oct 12, 2007 - Jan 5, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -32.13% Nov 16, 2021 - Jan 22, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -30.80% Feb 19, 2020 - Jun 5, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.43% Feb 18, 2025 - Jun 30, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -20.96% May 12, 2011 - Feb 16, 2012 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.12% Aug 29, 2018 - Mar 19, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.98% Jun 22, 2015 - Aug 12, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -16.97% May 8, 2006 - Nov 14, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.74% Oct 27, 2025 - Mar 30, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.34% Mar 26, 2012 - Jan 4, 2013 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.39% Jul 16, 2024 - Oct 11, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.37% Jan 26, 2018 - Mar 12, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.34% Feb 12, 2021 - Apr 15, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.11% May 3, 2019 - Jul 3, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.50% Jul 19, 2007 - Sep 27, 2007 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between QQEW and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
QQEW vs SPY dividend yield comparison.
| Year | QQEW | SPY |
|---|---|---|
| 2026 | 0.01% | 0.24% |
| 2025 | 0.41% | 1.07% |
| 2024 | 0.57% | 1.21% |
| 2023 | 0.70% | 1.40% |
| 2022 | 0.66% | 1.65% |
| 2021 | 0.24% | 1.20% |
| 2020 | 0.34% | 1.52% |
| 2019 | 0.48% | 1.75% |
| 2018 | 0.56% | 2.04% |
| 2017 | 0.48% | 1.80% |
| 2016 | 0.73% | 2.03% |
| 2015 | 0.61% | 2.06% |
| 2014 | 1.05% | 1.87% |
| 2013 | 0.46% | 1.81% |
| 2012 | 1.11% | 2.18% |
| 2011 | 0.46% | 2.05% |
| 2010 | 0.52% | 1.80% |
| 2009 | 0.23% | 1.95% |
| 2008 | 0.06% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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