QQEW - ETF AI Analysis

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

Rating:74Outperform

Price Target:―

The ETF QQEW, which tracks the Nasdaq-100 Equal Weighted Index, has a solid overall rating, reflecting a balanced mix of strong-performing holdings. Top contributors include Regeneron (REGN) and Vertex Pharmaceuticals (VRTX), both of which benefit from robust financial performance, positive earnings call sentiment, and strategic growth initiatives. However, weaker holdings like CoStar Group (CSGP), which faces challenges from declining profitability and bearish momentum, slightly weigh on the fund's overall rating. A key risk factor is the ETF's exposure to high-valuation stocks, which could be vulnerable if growth expectations are not met.

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%

Beta1.10

IssuerFirst Trust

Inception DateApr 19, 2006

Dividend Yield0.4%

Asset ClassEquity

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

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume39,044

30 Day Avg. Volume51,998

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

172.91

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering51

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

The QQEW fund’s equal-weight strategy gives smaller players like AppLovin and Lam Research a chance to shine, and both have been rising stars recently, with strong financial performance and bullish momentum. Nvidia, a key name in the AI space, has shown mixed signals, with long-term growth potential but some short-term challenges. Meanwhile, Fortinet and Axon Enterprise are lagging, weighed down by bearish trends and valuation concerns. With over half of the fund in technology and a U.S.-centric focus, QQEW leans heavily on innovation, making it a tech-driven but diversified play on the Nasdaq-100.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
NVDA	Nvidia	2.09%	$39.96M	$4.58T	34.79%	76 Outperform
AVGO	Broadcom	2.07%	$39.63M	$1.66T	42.74%	76 Outperform
LRCX	Lam Research	2.05%	$39.31M	$222.73B	139.67%	77 Outperform
PLTR	Palantir Technologies	2.04%	$39.00M	$462.79B	136.39%	74 Outperform
PDD	PDD Holdings	2.04%	$38.99M	$157.93B	14.74%	70 Outperform
KLAC	KLA	2.03%	$38.94M	$167.79B	96.90%	77 Outperform
REGN	Regeneron	2.03%	$38.84M	$82.37B	9.35%	78 Outperform
CSGP	CoStar Group	2.03%	$38.78M	$28.35B	-8.50%	61 Neutral
FTNT	Fortinet	2.02%	$38.75M	$60.37B	-16.56%	71 Outperform
VRTX	Vertex Pharmaceuticals	2.02%	$38.74M	$117.47B	12.74%	78 Outperform

QQEW Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

141.99

Positive

100DMA

139.99

Positive

200DMA

134.01

Positive

Market Momentum

MACD

0.70

Negative

RSI

57.72

Neutral

STOCH

77.85

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 143.10, equal to the 50-day MA of 141.99, and equal to the 200-day MA of 134.01, indicating a bullish trend. The MACD of 0.70 indicates Negative momentum. The RSI at 57.72 is Neutral, neither overbought nor oversold. The STOCH value of 77.85 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	―	―	$1.91B	0.55%	―
MGC	―	―	$9.88B	0.07%	―
PRF	―	―	$8.60B	0.34%	―
QYLD	―	―	$8.22B	0.61%	―
FTCS	―	―	$8.14B	0.52%	―
JQUA	―	―	$7.65B	0.12%	―

Performance Comparison

QQEW

First Trust Nasdaq-100 Equal Weighted Index Fund

144.36

17.81

14.07%

MGC

Vanguard Mega Cap ETF

―

PRF

Invesco FTSE RAFI US 1000 ETF

―

QYLD

Global X NASDAQ 100 Covered Call ETF

―

FTCS

First Trust Capital Strength ETF

―

JQUA

JPMorgan U.S. Quality Factor 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.

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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