QEW vs QQQ
Invesco QQQ Equal Weight ETF vs Invesco QQQ Trust, Series 1
Which is better, QEW or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QEW is less concentrated, with 12.5% of the fund in its ten largest positions against 47.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QEW | QQQ |
|---|---|---|
| Expense Ratio | 0.25% | 0.18%Best |
| AUM | $24M | $498.6B |
| Dividend Yield | 0.11% | 0.42% |
| Holdings | 210 | 321 |
| YTD Return | +20.57% | +21.69%Best |
| 1Y Return | - | +24.10% |
| 3Y Return (annualized) | - | +27.05% |
| 5Y Return (annualized) | - | +16.31% |
| Top 10 Weight | 12.5%Best | 47.2% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Mar 18, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
QEW vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QEW vs QQQ Performance
Invesco QQQ Equal Weight ETF (QEW) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, QEW is up 20.57% versus a gain of 21.69% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
QEW charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, QEW currently yields 0.11% against 0.42% for QQQ.
Holdings Overlap
95.9% of QEW's money is in holdings QQQ also owns. 98.3% of QQQ's money is in holdings QEW also owns.
Most of QQQ is already inside QEW. Owning both mostly buys the same companies twice.
98 positions in common, counted across the 103 positions we hold weights for in QEW and 102 in QQQ, against full books of 210 and 321.
What only one of them owns
Our book lists 1 positions for QQQ that do not appear in our book for QEW (0.5% of the fund), and 3 for QEW that do not appear in QQQ (2.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QEW | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.05% | 8.45% | 7.40% |
| AAPLApple, Inc | 1.09% | 7.80% | 6.71% |
| MSFTMicrosoft Corp | 1.12% | 5.88% | 4.76% |
| MUMicron Technology, Inc. | 1.02% | 4.85% | 3.83% |
| AMZNAmazon.Com Inc | 0.97% | 4.41% | 3.44% |
| AMDAdvanced Micro Devices Inc | 1.02% | 3.71% | 2.69% |
| METAMeta Platforms Inc | 1.04% | 3.07% | 2.03% |
| TSLATesla Inc | 0.86% | 2.92% | 2.06% |
| GOOGLAlphabet Inc,class A | 0.45% | 3.15% | 2.70% |
| AVGOBroadcom Inc | 0.83% | 2.74% | 1.91% |
98.3% of QQQ is already inside QEW.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QEW or QQQ?
QEW has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option, by $7 a year on a $10,000 investment.
What is the holdings overlap between QEW and QQQ?
98.3% of QQQ's money is in holdings QEW also owns. 98.3% of QQQ's is in holdings QEW also owns. They hold 98 positions in common, counted across the 103 positions we hold weights for in QEW and 102 in QQQ.
Which pays a higher dividend, QEW or QQQ?
QEW yields 0.11% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than QEW?
QQQ has a lower expense ratio. QEW is less concentrated, with 12.5% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.