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, earns a solid overall rating thanks to several strong, growing companies like ASML and Lam Research, which benefit from robust financial performance, positive momentum, and strategic positioning in advanced technologies and AI. Additional leaders such as Monster Beverage and Dexcom further support the fund’s quality with strong earnings and bullish trends, though some holdings like ARM introduce risk due to bearish momentum and rich valuations. The main risk factor is the fund’s meaningful exposure to high-growth, tech-focused names, where high valuations and regulatory or demand uncertainties (especially related to China) could add volatility.

Positive Factors

Strong Top Holdings

Several of the largest positions, especially in chip and medical technology companies, have shown strong year-to-date gains that support the fund’s overall results.

Equal-Weighted Nasdaq-100 Exposure

Because each stock has a similar weight, the ETF avoids relying too heavily on a few mega-cap names and gives more balanced exposure across its holdings.

Focused but Varied Sector Mix

While technology is the main driver, the fund also holds meaningful stakes in health care, communication services, and consumer companies, which can help spread risk across different parts of the economy.

Negative Factors

Recent Weak Performance

The ETF has delivered weak returns over the past month, three months, and year-to-date, which may concern investors looking for near-term strength.

High Technology Concentration

With more than half of the portfolio in technology stocks, the fund is highly sensitive to swings in the tech sector.

Higher Expense Ratio

The fund’s expense ratio is relatively high for an index-based ETF, which means more of the return is eaten up by fees compared with lower-cost alternatives.

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

AUM1.70B

RegionNorth America

Expense Ratio0.55%

Beta1.09

IssuerFirst Trust

Inception DateApr 19, 2006

Dividend Yield0.43%

Asset ClassEquity

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

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume57,963

30 Day Avg. Volume48,056

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

173.57

Price 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 ETF that tracks 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 names such as Advanced Micro Devices (AMD) and ASML, with a strong tilt toward technology, plus health care and communication services. Someone might invest in QQEW to seek growth from leading innovative companies while spreading their money more evenly across them. A key risk is that it is heavily tied to tech-related stocks, so its price can swing a lot 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 steered largely by a powerful wave in semiconductors and chip equipment, with Western Digital, Lam Research, ASML, and Monolithic Power all rising and giving the fund a strong tech-driven tailwind. ARM is more of a wild card, with solid fundamentals but mixed recent trading that keeps it from fully pulling its weight. On the defensive side, health care names like Gilead and Amgen are steadily contributing without much drama. With all holdings U.S.-listed and tech-heavy, the fund’s story is clear: broad Nasdaq exposure, but chips are in the driver’s seat.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
WDC	Western Digital	3.26%	$54.91M	$91.14B	525.72%	77 Outperform
ASML	ASML Holding	2.88%	$48.58M	$529.02B	97.15%	81 Outperform
LRCX	Lam Research	2.79%	$46.99M	$273.32B	185.77%	77 Outperform
KLAC	KLA	2.58%	$43.50M	$192.03B	115.32%	77 Outperform
GILD	Gilead Sciences	2.58%	$43.45M	$181.25B	28.08%	78 Outperform
AMGN	Amgen	2.53%	$42.66M	$203.57B	20.84%	77 Outperform
MPWR	Monolithic Power	2.51%	$42.27M	$52.61B	83.72%	75 Outperform
TMUS	T Mobile US	2.38%	$40.13M	$235.18B	-16.50%	76 Outperform
VRTX	Vertex Pharmaceuticals	2.37%	$39.92M	$125.08B	-0.61%	78 Outperform
ARM	ARM Holdings PLC ADR	2.31%	$38.96M	$127.55B	6.57%	69 Neutral

QQEW Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

137.78

Negative

100DMA

139.92

Negative

200DMA

138.18

Negative

Market Momentum

MACD

-0.93

Negative

RSI

44.59

Neutral

STOCH

59.56

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QQEW, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 133.29, equal to the 50-day MA of 137.78, and equal to the 200-day MA of 138.18, indicating a bearish trend. The MACD of -0.93 indicates Negative momentum. The RSI at 44.59 is Neutral, neither overbought nor oversold. The STOCH value of 59.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QQEW.

QQEW Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
QQEW	―	―	$1.70B	0.55%	74 Outperform
MGC	―	―	$9.32B	0.05%	74 Outperform
QQQI	―	―	$9.09B	0.68%	75 Outperform
PRF	―	―	$8.84B	0.34%	72 Outperform
QYLD	―	―	$8.26B	0.60%	75 Outperform
SPLV	―	―	$8.23B	0.25%	71 Outperform

Performance Comparison

QQEW

First Trust Nasdaq-100 Equal Weighted Index Fund

130.37

8.31

6.81%

MGC

Vanguard Mega Cap ETF

―

QQQI

NEOS Nasdaq 100 High Income ETF

―

PRF

Invesco FTSE RAFI US 1000 ETF

―

QYLD

Global X NASDAQ 100 Covered Call ETF

―

SPLV

Invesco S&P 500 Low Volatility 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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