QEW - ETF AI Analysis
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Invesco QQQ Equal Weight ETF (QEW)
Rating:71Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has delivered strong gains so far this year and over the past month, showing solid recent momentum.
Strong Tech-Focused Top Holdings
Many of the largest positions, especially in technology names like Marvell, ARM, Intel, and Micron, have shown strong year-to-date performance, helping drive the fund’s returns.
Broad Sector Spread Within Tech Tilt
While technology is the largest slice, the fund also holds meaningful exposure to consumer, industrial, communication services, health care, and other sectors, which helps spread risk across different parts of the economy.
Negative Factors
Heavy Technology Concentration
More than half of the portfolio is in technology stocks, which can make the ETF more sensitive to downturns in the tech sector.
Limited International Diversification
With the vast majority of holdings in U.S. companies and only small positions in Spain and the UK, the fund offers little geographic diversification.
Moderate Expense Ratio
The fund’s expense ratio is not especially low for an ETF, which means fees could slightly reduce long-term returns compared with cheaper index options.
QEW vs. SPDR S&P 500 ETF (SPY)
AUM20.49M
RegionNorth America
Expense Ratio0.25%
Beta1.06
IssuerInvesco
Inception DateMar 18, 2026
Dividend Yield0.11%
Asset ClassEquity
Index TrackedNASDAQ-100 Equally Weighted Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume14,950
30 Day Avg. Volume34,150
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
35.86Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering104
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QEW Summary
The Invesco QQQ Equal Weight ETF (QEW) tracks the NASDAQ-100 Equally Weighted Index, which means it invests in about 100 of the largest non-financial companies on the Nasdaq and gives each stock roughly the same importance. It holds many well-known tech-focused names like Intel and AMD, along with companies from consumer, communication, and healthcare sectors. Someone might invest in QEW to get growth potential from innovative U.S. companies while spreading their money more evenly instead of relying on a few giants. A key risk is that it is still heavily tied to technology stocks, so its price can rise and fall sharply with the tech sector and overall market.
How much will it cost me?This ETF has an expense ratio of 0.25%, which means you’ll pay about $2.50 per year for every $1,000 you invest. That’s a bit higher than the cheapest index ETFs because QEW uses an equal-weight strategy that requires more frequent rebalancing than a simple passive, cap-weighted index fund.
What would affect this ETF?This ETF is heavily tied to U.S. technology and other growth-oriented companies, so advances in innovation, strong corporate earnings, and a stable or falling interest-rate environment could support its future performance, especially if mid-sized tech names do well. On the other hand, higher interest rates, tighter regulations on big tech and data, or a broad slowdown in the U.S. economy could hurt many of its holdings at the same time, and its equal-weight approach may lag if a few mega-cap tech giants strongly outperform the rest of the market.
QEW Top 10 Holdings
QEW’s equal-weight twist means no single stock runs the show, but a few names still set the tone. Cybersecurity leaders Palo Alto Networks and Fortinet have been rising steadily, giving the fund a tech-powered tailwind, while chip maker Applied Materials adds more momentum despite some recent choppiness. On the flip side, DoorDash and Axon are losing steam this year, quietly dragging on returns. With a clear tilt toward U.S. technology and business services and only modest non-U.S. exposure via Coca-Cola Europacific Partners, QEW is still very much a Nasdaq growth story—just with the volume turned down on the mega-caps.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Applied Materials | 1.26% | $259.13K | $448.23B | 196.20% | 77 Outperform | |
| PayPal Holdings | 1.26% | $257.58K | $49.27B | -27.14% | 76 Outperform | |
| Palo Alto Networks | 1.22% | $250.80K | $278.85B | 68.30% | 73 Outperform | |
| DoorDash | 1.19% | $243.70K | $81.93B | -21.83% | 76 Outperform | |
| Cintas | 1.18% | $241.49K | $80.18B | -8.97% | 79 Outperform | |
| Coca-Cola Europacific Partners | 1.17% | $239.41K | £34.83B | 6.04% | 74 Outperform | |
| Paychex | 1.16% | $238.25K | $39.82B | -23.75% | 77 Outperform | |
| Fortinet | 1.15% | $236.52K | $115.83B | 47.58% | 71 Outperform | |
| Paccar | 1.15% | $236.09K | $66.44B | 29.67% | 74 Outperform | |
| Axon Enterprise | 1.15% | $235.14K | $41.20B | -30.31% | 58 Neutral |
QEW Technical Analysis
Negative
―
Price Trends
29.29
Negative
Market Momentum
-0.04
Positive
45.41
Neutral
20.37
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QEW, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 29.58, equal to the 50-day MA of 29.29, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 45.41 is Neutral, neither overbought nor oversold. The STOCH value of 20.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QEW.
QEW Peer Comparison
Comparison Results
Performance Comparison
QEW
Invesco QQQ Equal Weight ETF
29.10
4.30
17.34%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
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―
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ACEP
ARS Core Equity Portfolio ETF
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―
―
JOYT
JPMorgan Equity and Options Total Return ETF
―
―
―
JHDG
John Hancock Hedged Equity ETF
―
―
―
ALTL
Pacer Lunt Large Cap Alternator ETF
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―
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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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