First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) is a technology-hardware ETF. As of October 9, 2026, ETF Copilot scores QQEW 5.9 out of 10 — highest on Quality (9.1), lowest on Value (1.1). It trades at 33.7 times earnings, against its own median of 26.1. Its ten largest holdings are 24% of the fund.
What stands out in QQEW's data
Fifty large non-financial companies, equally weighted across the Nasdaq-100.
Trades at a richer price than most tech-hardware peers — you pay more for each dollar of earnings.
Its trailing P/E multiple of 33.7x sits among the most expensive in the category, above the 30.1x median. Return on invested capital of 28.6% is above average.
Spreads the same tech exposure more evenly — no single stock dominates the return.
How is QQEW rated? ETF Copilot scores First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 5.9 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) 5.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.9 / 10
- Growth: 9.0 / 10
- Value: 1.1 / 10
- Risk: 3.4 / 10
- Quality: 9.1 / 10
- Return: 5.8 / 10
Is QQEW expensive right now? It trades at 33.7 times earnings, against its own median of 26.1
As of October 9, 2026, QQEW is more expensive than 97% of its own 108 monthly readings since 2017 — 105 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside QQEW? 67% Tech
What's inside QQEW: Size (Large 100%, Mid 0%, Small 0%); Geography (International 11%, US 89%); Tech 66.6%; Magnificent 7 8.8%; AI 24.0%; Semiconductors 35.4%; Memory 25.0%.
What are QQEW's top holdings? The ten largest are 24% of the fund
Advanced Micro Devices, Marvell Technology, Facebook, Astera Labs, Datadog, Teradyne, Arm, KLA, Analog Devices and Shopify are QQEW's largest holdings, in that order.
Less concentrated than 74% of Tech Hardware ETFs.
Half of QQEW's weight sits in its 23 largest positions, and once those weights are taken into account it behaves like 49 equally weighted holdings.
What is QQEW's expense ratio? 0.55% a year
As of October 9, 2026, QQEW charges 0.55% a year, yields 0.18% and holds $1.9B in assets across 50 positions.
| Measure | QQEW |
|---|---|
| Expense ratio | 0.55% |
| Dividend yield | 0.18% |
| Assets under management | $1.9B |
| Holdings | 50 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/qqew
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