QQEW - ETF AI Analysis
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First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW)
Rating:74Outperform
Price Target:―
Positive Factors
Strong Recent Fund Performance
The ETF has delivered solid gains so far this year and over the past three months, showing positive momentum.
Equal-Weighted Nasdaq-100 Exposure
By giving each stock a similar weight, the fund avoids relying too heavily on a few mega-cap names and spreads company-specific risk more evenly.
Broad Technology and Health Care Coverage
Large allocations to technology and health care provide exposure to sectors that have been key drivers of growth in the fund’s top holdings.
Negative Factors
Relatively High Expense Ratio
The fund’s ongoing fee is on the higher side for an index-based ETF, which can modestly reduce long-term returns compared with lower-cost options.
Heavy U.S. Concentration
With almost all assets in U.S. companies, investors get little geographic diversification and remain highly tied to the U.S. market.
Mixed Performance Among Top Holdings
Several of the largest positions have shown weak or negative performance this year, which could weigh on the fund if those stocks do not recover.
QQEW vs. SPDR S&P 500 ETF (SPY)
AUM1.90B
RegionNorth America
Expense Ratio0.55%
Beta1.12
IssuerFirst Trust
Inception DateApr 19, 2006
Dividend Yield0.27%
Asset ClassEquity
Index TrackedNasdaq-100 Select Equal Weight Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume46,310
30 Day Avg. Volume42,320
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
199.98Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering50
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QQEW Summary
QQEW is an exchange-traded fund that follows the Nasdaq-100 Select Equal Weight Index. Instead of putting most of your money into the biggest companies, it spreads investments evenly across all the stocks in the Nasdaq-100. This means well-known names like ASML and Amgen sit alongside many other large U.S. companies, with a strong tilt toward technology and health care. Someone might invest in QQEW to get broad exposure to innovative, large companies without being overly dependent on just a few giants. A key risk is that it is heavily tied to tech-related stocks, so its price can rise and fall sharply with that sector.
How much will it cost me?The ETF QQEW has an expense ratio of 0.55%, which means you’ll pay $5.50 per year for every $1,000 invested. This is higher than average for ETFs because it uses an equal-weighting strategy, which requires more active management compared to passively managed funds that track market-cap-weighted indices.
What would affect this ETF?QQEW's focus on the Nasdaq-100 with an equal-weight strategy provides exposure to a diverse range of large-cap companies, particularly in the technology sector, which could benefit from continued innovation and demand for tech solutions. However, its heavy reliance on technology and consumer sectors makes it vulnerable to economic slowdowns, regulatory changes, or rising interest rates that could negatively impact growth stocks. Additionally, its U.S.-centric exposure may limit gains if international markets outperform or if domestic economic conditions weaken.
QQEW Top 10 Holdings
QQEW is being powered by a pack of AI and chip names, with AMD and Marvell rising and helping to set the tone for the fund. Newer players like Astera Labs and ARM have strong longer-term momentum but more mixed recent trading, adding some bumpiness to returns. Datadog is steadily contributing from the software side, while Seagate’s strong run is a pleasant surprise in storage hardware. With most exposure in U.S. tech and related growth themes, the fund is clearly leaning into the AI and semiconductor story, with limited diversification beyond that core.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Advanced Micro Devices | 2.59% | $49.27M | $998.68B | 273.00% | 73 Outperform | |
| Meta Platforms | 2.52% | $48.03M | $1.85T | -0.15% | 76 Outperform | |
| Marvell | 2.49% | $47.32M | $231.69B | 211.00% | 76 Outperform | |
| Astera Labs, Inc. | 2.39% | $45.44M | $61.76B | 69.83% | 68 Neutral | |
| ARM Holdings PLC ADR | 2.38% | $45.39M | $309.36B | 90.38% | 69 Neutral | |
| Datadog | 2.30% | $43.80M | $98.33B | 79.34% | 69 Neutral | |
| Teradyne | 2.28% | $43.44M | $62.68B | 184.09% | 71 Outperform | |
| Seagate Tech | 2.22% | $42.21M | $209.73B | 259.11% | 68 Neutral | |
| KLA | 2.21% | $42.12M | $254.38B | 71.10% | 77 Outperform | |
| Micron | 2.21% | $42.12M | $1.20T | 497.22% | 79 Outperform |
QQEW Technical Analysis
Positive
―
Price Trends
160.94
Positive
157.44
Positive
146.91
Positive
Market Momentum
0.73
Negative
56.79
Neutral
70.08
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QQEW, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 160.45, equal to the 50-day MA of 160.94, and equal to the 200-day MA of 146.91, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 56.79 is Neutral, neither overbought nor oversold. The STOCH value of 70.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QQEW.
QQEW Peer Comparison
Comparison Results
Performance Comparison
QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund
163.66
20.50
14.32%
PRF
Invesco FTSE RAFI US 1000 ETF
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―
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RWL
Invesco S&P 500 Revenue ETF
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―
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TCAF
T. Rowe Price Capital Appreciation Equity ETF
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―
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JQUA
JPMorgan U.S. Quality Factor ETF
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―
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VONE
Vanguard Russell 1000 ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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