QEW: Invesco QQQ Equal Weight ETF
What this ETF is trying to do
The Invesco QQQ Equal Weight ETF (ticker: QEW) is an exchange-traded fund designed to provide exposure to a specific group of companies. Unlike some funds that put most of their money into just a few giant companies, this ETF uses an "equal weight" approach. This means it tries to give more balanced importance to the different companies it holds.
What the numbers show
As of October 5, 2026, the current price of QEW is $30.30.
At this time, specific data for price returns (how much the share price changed) and total returns (which includes distributions) were not supplied. Because there is no recent history provided for year-to-date or one-year performance, we cannot determine how the price has moved recently. Additionally, an estimated price from roughly one year ago is not available.
Income and distribution explanation
Some investors look at ETFs to receive regular cash payments, known as distributions. For QEW, the distribution yield is approximately 0.28%. This number describes the cash distributions relative to the current ETF price.
The trailing distributions were $0.0851. Over the last 12 months, there were 2 payouts. The distribution frequency is described as "irregular" or "less frequent." It is important to remember that a distribution yield is not the same as a total return. A high yield does not guarantee that an investor will earn that same percentage in overall profit.
NAV erosion explanation
NAV erosion refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
Currently, there is no severe erosion-risk flag for this ETF. The erosion score is withheld because there is insufficient verified price history available in the provided data.
Top Holdings
The following are the top holdings for QEW. Please note that this is a partial list, as the fund holds a total of 104 different assets. Holdings can change over time.
• DoorDash Inc: 1.42%
• Airbnb Inc: 1.38%
• Workday Inc: 1.36%
• Regeneron Pharmaceuticals Inc: 1.35%
• Amgen Inc: 1.31%
• Paychex Inc: 1.30%
• Palo Alto Networks Inc: 1.29%
• Roper Technologies Inc: 1.29%
• Automatic Data Processing Inc: 1.28%
• Thomson Reuters Corp: 1.24%
Pros
• Uses an equal-weight strategy, which can provide different exposure than standard market-cap-weighted funds.
• Holds a large number of different companies (104 total), which spreads the investment across many businesses.
Cons
• The distribution frequency is irregular, meaning payments do not happen on a set schedule.
• There is currently no supplied data to show how the price or total return has performed over the last year.
Beginner takeaway
QEW is an ETF that spreads its investment across many companies rather than focusing on the largest ones. While it does pay distributions, the yield is quite low (0.28%) and the payments are irregular. Because performance data was not supplied, new investors should look for updated price and total return history before making decisions.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | DOORDASH INC ORDINARY SHARES CLASS A | DASH | 1.42% |
| 2 | AIRBNB INC ORDINARY SHARES CLASS A | ABNB | 1.38% |
| 3 | WORKDAY INC CLASS A | WDAY | 1.36% |
| 4 | REGENERON PHARMACEUTICALS INC | REGN | 1.35% |
| 5 | AMGEN INC | AMGN | 1.31% |
| 6 | PAYCHEX INC | PAYX | 1.30% |
| 7 | PALO ALTO NETWORKS INC | PANW | 1.29% |
| 8 | ROPER TECHNOLOGIES INC | ROP | 1.29% |
| 9 | AUTOMATIC DATA PROCESSING INC | ADP | 1.28% |
| 10 | THOMSON REUTERS CORP | TRI | 1.24% |