First Trust NASDAQ-100 Equal Weighted ETF (QQEW) is currently a top-performing ETF worth considering. This ETF, which trades under the ticker symbol QQEW, tracks the Nasdaq-100 Equal Weighted Index. This index includes 100 of the largest non-financial companies listed on the Nasdaq stock exchange.
QQEW offers investors a unique way to gain exposure to a diversified portfolio of large-cap stocks. Unlike traditional market-cap weighted indexes, QQEW gives equal weight to each of its holdings. This means that smaller companies have an equal influence on the performance of the ETF as larger companies.
Historically, QQEW has provided strong returns for investors. The ETF has outperformed its market-cap weighted counterpart, the Invesco QQQ ETF (QQQ), in certain market conditions. This outperformance can be attributed to the equal weighting methodology, which reduces concentration risk and potentially increases diversification.
Investors looking for a strong ETF option may want to consider adding First Trust NASDAQ-100 Equal Weighted ETF (QQEW) to their portfolio. With its unique equal weight methodology and historical outperformance, QQEW offers a compelling investment opportunity for those seeking exposure to large-cap stocks listed on the Nasdaq exchange.