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- Upturn Summary
- Fund Details
Upturn AI Summary
First Trust NASDAQ-100 Equal Weighted Index Fund(QQEW)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for QQEW
11/06/2026: QQEW (2-star) is currently NOT-A-BUY. Pass it for now.
First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) provides exposure to the 100 largest non-financial companies on the NASDAQ by giving each equal weight. Its main strength lies in mitigating the concentration risk found in typical market-cap-weighted NASDAQ-100 funds, allowing smaller companies to contribute equally to performance. It serves as a diversified core or satellite holding for growth-oriented investors who want to capture the NASDAQ's innovation without over-exposure to mega-cap giants. Primary risks include higher expense ratios, sector-specific tech volatility, and potential underperformance during bull markets led by a small subset of stocks. It is most suitable for investors who believe the broader index will outperform a small cluster of market leaders.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | It offers growth potential by capturing performance across the full spectrum of the NASDAQ-100. |
| Momentum investor | Strong fit while signal remains positive | It can capture momentum in smaller index constituents that are often overshadowed in market-cap-weighted funds. |
| Value investor | Mixed fit | It is not a value fund, but it avoids the extreme valuation premiums associated with the largest cap-weighted tech stocks. |
| Dividend/Income investor | Weak fit | The NASDAQ-100 is growth-oriented, meaning income generation is not a primary objective of this fund. |
| Low-risk investor | Weak fit | The fund is concentrated in tech and growth sectors, which typically carry higher volatility than broader market indices. |
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking exposure to the NASDAQ-100 index but looking to avoid the heavy concentration in just a few top-weighted technology stocks.
Suitability
This ETF is best suited for long-term investors looking for diversification within the NASDAQ universe, rather than for active short-term traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The fund is subject to the inherent price swings of the technology-heavy NASDAQ-100 index. |
| Market risk | High | Broader market declines will directly impact the fund's net asset value. |
| Concentration | Medium | While equal weighting reduces top-heavy concentration, the fund remains focused on NASDAQ-listed companies. |
| Tracking/expense | Low | The expense ratio is higher than plain-vanilla market-cap-weighted index funds. |
| Liquidity | Medium | Lower trading volume compared to major benchmarks can result in slightly wider spreads during high volatility. |
| Business/sector quality | Medium | Heavy reliance on the tech sector makes the fund sensitive to industry-specific regulatory or economic changes. |
Risk Analysis
Volatility
QQEW exhibits moderate-to-high volatility consistent with the tech-heavy composition of the NASDAQ-100.
Market Risk
As an equity ETF, it is fully exposed to systematic market risks, including economic downturns and interest rate shifts affecting growth equities.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Sector | Information Technology | 48 | This provides broad exposure to major software, hardware, and semiconductor companies. |
| Sector | Consumer Discretionary | 20 | This includes companies in retail, automotive, and media services. |
| Sector | Health Care | 13 | This offers exposure to biotechnology and pharmaceutical firms within the NASDAQ. |
| Sector | Communication Services | 10 | This segment covers digital media, internet, and communication infrastructure. |
| Cash/collateral | Cash and Cash Equivalents | 9 | This represents small liquidity buffers maintained for operational efficiency. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 29.91% | Avg. Invested days 60 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 11/06/2026 |
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