QQEW - ETF AI Analysis

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First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW)

Rating:74Outperform

Price Target:―

QQEW, the First Trust Nasdaq-100 Equal Weighted Index Fund, has a solid overall rating driven by several strong chip and semiconductor-related holdings like Micron, Lam Research, KLA, and Monolithic Power, which benefit from robust financial performance, AI-related growth, and positive earnings commentary. Cybersecurity names such as Palo Alto Networks, Fortinet, and CrowdStrike also support the fund’s quality through strong business momentum, though their high valuations and some bearish or mixed technical signals, along with similar concerns for ARM and Seagate, slightly hold back the rating. The main risk is the fund’s heavy exposure to technology and AI-related sectors, which can make it more sensitive to shifts in tech valuations and market sentiment.

Positive Factors

Strong Tech-Focused Leaders

Many of the largest holdings in technology, such as chip and software companies, have shown strong gains this year, helping support the fund’s results.

Equal-Weight Approach

Because the ETF spreads its weight more evenly across many Nasdaq-100 stocks, it avoids relying too heavily on just one or two mega-cap names.

Broad Industry Mix Within Growth Areas

Exposure to technology, health care, consumer cyclical, and communication services provides a mix of growth-oriented sectors rather than being tied to only one industry.

Negative Factors

Recent Weak Overall Performance

Despite some strong individual winners, the fund’s overall returns have been weak so far this year and over the last few months.

High U.S. Concentration

Almost all of the ETF’s holdings are in U.S. companies, so it offers little geographic diversification outside the United States.

Above-Average Expense Ratio

The fund’s expense ratio is relatively high for an index-based ETF, which means more of the returns are eaten up by fees over time.

QQEW vs. SPDR S&P 500 ETF (SPY)

AUM1.81B

RegionNorth America

Expense Ratio0.55%

Beta1.10

IssuerFirst Trust

Inception DateApr 19, 2006

Dividend Yield0.28%

Asset ClassEquity

Index TrackedNasdaq-100 Select Equal Weight Index - Benchmark TR Gross

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume34,126

30 Day Avg. Volume50,589

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

187.17

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering51

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

QQEW Summary

QQEW is an ETF that follows the Nasdaq-100 Select Equal Weight Index, which means it invests in the 100 major Nasdaq companies but gives each stock roughly the same weight instead of letting the biggest ones dominate. It holds many well-known tech-focused names such as Nvidia and Broadcom, along with companies in health care and consumer sectors. Someone might consider investing in QQEW to get diversified exposure to many large, innovative U.S. companies while avoiding heavy concentration in just a few giants. A key risk is that it is heavily tilted toward technology and can go up and down sharply with the tech sector and overall stock market.

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’s story right now is all about chips and code: semiconductor names like KLA, Lam Research, and ASML are doing the heavy lifting, with steadily rising share prices as AI and advanced manufacturing demand stay hot. Storage players Western Digital and Seagate are also climbing, giving the fund an extra tech tailwind. On the flip side, consumer-facing names like DoorDash and Booking Holdings are more mixed, occasionally tripping up performance. Overall, this is a U.S.-heavy, tech-tilted ETF where hardware and data infrastructure are clearly in the driver’s seat.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
KLAC	KLA	3.08%	$55.85M	$339.06B	214.34%	77 Outperform
ALAB	Astera Labs, Inc.	2.76%	$50.12M	$71.49B	411.53%	68 Neutral
LRCX	Lam Research	2.67%	$48.45M	$486.52B	347.05%	77 Outperform
TER	Teradyne	2.54%	$45.99M	$68.55B	423.12%	71 Outperform
AXON	Axon Enterprise	2.45%	$44.45M	$34.13B	-47.65%	58 Neutral
ASML	ASML Holding	2.42%	$43.89M	$726.46B	147.43%	81 Outperform
PANW	Palo Alto Networks	2.37%	$43.07M	$234.54B	40.86%	73 Outperform
WDC	Western Digital	2.36%	$42.78M	$257.21B	1113.35%	77 Outperform
MU	Micron	2.33%	$42.29M	$1.28T	892.28%	79 Outperform
DASH	DoorDash	2.27%	$41.21M	$75.58B	-25.29%	76 Outperform

QQEW Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

149.30

Positive

100DMA

140.47

Positive

200DMA

140.99

Positive

Market Momentum

MACD

2.29

Positive

RSI

57.78

Neutral

STOCH

79.62

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 155.06, equal to the 50-day MA of 149.30, and equal to the 200-day MA of 140.99, indicating a bullish trend. The MACD of 2.29 indicates Positive momentum. The RSI at 57.78 is Neutral, neither overbought nor oversold. The STOCH value of 79.62 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

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
QQEW	―	―	$1.81B	0.55%	74 Outperform
MGC	―	―	$9.81B	0.05%	75 Outperform
PRF	―	―	$9.64B	0.34%	72 Outperform
RWL	―	―	$9.25B	0.39%	71 Outperform
JQUA	―	―	$8.54B	0.12%	73 Outperform
QYLD	―	―	$8.19B	0.60%	76 Outperform

Performance Comparison

QQEW

First Trust Nasdaq-100 Equal Weighted Index Fund

157.61

20.85

15.25%

MGC

Vanguard Mega Cap ETF

―

PRF

Invesco FTSE RAFI US 1000 ETF

―

RWL

Invesco S&P 500 Revenue ETF

―

JQUA

JPMorgan U.S. Quality Factor ETF

―

QYLD

Global X NASDAQ 100 Covered Call ETF

―

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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