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QQEW - ETF AI Analysis
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First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW)
Rating:72Outperform
Price Target:
$160.00
Positive Factors
Strong Top Holdings
Several key holdings, such as Micron and Lam Research, have delivered strong year-to-date performance, boosting the ETF's overall returns.
Sector Diversification
The ETF spreads its investments across multiple sectors, including technology, consumer cyclical, and health care, reducing reliance on any single industry.
Healthy Year-to-Date Performance
The fund has shown solid year-to-date growth, indicating strong overall momentum in its portfolio.
Negative Factors
Heavy Technology Exposure
With over 40% of its portfolio in technology, the ETF is highly sensitive to downturns in the tech sector.
Underperforming Holdings
Some top holdings, such as Trade Desk and Marvell, have lagged in performance, which could weigh on future returns.
Limited Geographic Exposure
The ETF is overwhelmingly focused on U.S. companies, offering minimal exposure to international markets.
QQEW vs. SPDR S&P 500 ETF (SPY)
AUM1.91B
RegionNorth America
Expense Ratio0.55%
Beta1.11
IssuerFirst Trust
Inception DateApr 19, 2006
Dividend Yield0.38%
Asset ClassEquity
Index TrackedNASDAQ-100 Equally Weighted Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume39,275
30 Day Avg. Volume54,948
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
164.53Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering103
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QQEW Summary
The First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) is an ETF that invests in the Nasdaq-100 Index but gives equal weight to all companies, instead of focusing more on the largest ones. This means smaller companies get the same attention as big names, creating a more balanced portfolio. It includes well-known companies like Advanced Micro Devices (AMD) and Intel, and focuses heavily on technology, along with consumer and healthcare sectors. Investors might consider QQEW for diversification and exposure to innovative, large-cap companies. However, since it’s tied to the Nasdaq-100, its performance can fluctuate with the broader tech-heavy 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 equal-weight strategy gives smaller players like Micron and Lam Research a chance to shine, and both have been rising steadily thanks to strong financial performance and bullish sentiment in the semiconductor space. However, Trade Desk is lagging, weighed down by mixed technical signals and valuation concerns. With nearly half of the fund’s exposure in technology, it’s clear that the tech sector is driving the narrative here. While the fund’s U.S.-focused portfolio offers diversification across large-cap names, its heavy tilt toward innovation means performance hinges on the ups and downs of the tech industry.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Advanced Micro Devices | 1.58% | $29.91M | $405.79B | 71.09% | 80 Outperform | |
| Micron | 1.32% | $25.01M | $244.73B | 109.42% | 73 Outperform | |
| Intel | 1.23% | $23.39M | $172.94B | 41.97% | 61 Neutral | |
| Intuitive Surgical | 1.22% | $23.15M | $191.01B | 4.48% | 78 Outperform | |
| Lam Research | 1.21% | $22.90M | $195.66B | 104.76% | 77 Outperform | |
| Applied Materials | 1.19% | $22.61M | $183.38B | 24.11% | 77 Outperform | |
| Warner Bros | 1.18% | $22.31M | $55.95B | 142.90% | 70 Outperform | |
| Marvell | 1.17% | $22.16M | $75.51B | -1.11% | 67 Neutral | |
| Electronic Arts | 1.14% | $21.65M | $50.08B | 25.24% | 68 Neutral | |
| Datadog | 1.13% | $21.48M | $54.93B | 19.41% | 71 Outperform |
QQEW Technical Analysis
Neutral
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Price Trends
140.58
Negative
138.48
Positive
132.26
Positive
Market Momentum
0.44
Positive
43.55
Neutral
11.15
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QQEW, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 142.73, equal to the 50-day MA of 140.58, and equal to the 200-day MA of 132.26, indicating a neutral trend. The MACD of 0.44 indicates Positive momentum. The RSI at 43.55 is Neutral, neither overbought nor oversold. The STOCH value of 11.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for QQEW.
QQEW Peer Comparison
Comparison Results
Performance Comparison
QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund
140.32
10.16
7.81%
DUHP
Dimensional US High Profitability ETF
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MGC
Vanguard Mega Cap ETF
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PRF
Invesco FTSE RAFI US 1000 ETF
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FTCS
First Trust Capital Strength ETF
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QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
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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.
Disclaimer
This 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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