Is there an equal weight Nasdaq ETF?
Matthew Wilson
Updated on March 01, 2026
The largest NASDAQ-100 Equal Weighted Index ETF is the First Trust Nasdaq-100 Equal Weighted Index Fund QQEW with $1.40B in assets. In the last trailing year, the best-performing NASDAQ-100 Equal Weighted Index ETF was QQQE at 27.72%.
Is QQQ equal weight?
The index consists of companies in the NASDAQ-100 Index weighted in equal proportions….ETFs Tracking Other Large Cap Growth Equities.
| Symbol | QQQ |
|---|---|
| Annual Dividend Yield % | 0.45% |
| P/E Ratio | 30.4 |
| Beta | 1.03 |
| # of Holdings | 103 |
What is the weighting in the Nasdaq?
As of March 15, 2020, the industry weights of the Nasdaq Composite Index’s individual securities are as follows: technology at 48.39%, consumer services at 19.43%, health care at 10.21%, financials at 7.21%, industrials at 6.85%, consumer goods at 5.51%, utilities at 0.81%, telecommunications at 0.72%, oil and gas at …
What is equivalent to QQQ?
ONEQ is the Fidelity ETF equivalent to QQQ. A fund FUSEX follows S&P 500, but not closely (80% of the investment). IVV is sold as NTF by Fidelity (IVV and SPY are equivalents – IVV is from iShares, SPY is from SPDR).
What is RSP ETF?
An RSP enables you to buy units of an ETF through a disciplined approach by investing fixed investment amounts regularly each month. It allows you to accumulate a portfolio for yourself at a potentially reduced cost, without the need to start with a huge initial capital.
What is the QQQE ETF?
The Direxion NASDAQ-100® Equal Weighted Index Shares seeks investment results, before fees and expenses, that track the NASDAQ-100 Equal Weighted TR Index. There is no guarantee the fund will meet its stated investment objective.
How is Nasdaq index calculated?
NASDAQ Composite Methodology The index is calculated by taking the total value of the share weights of all the stocks on the exchange, multiplied by each security’s closing price.
How is an equal weighted index calculated?
To find equal-weighted index value, you would simply add the share price of each stock together, then multiply it by the weight. So for example, say an index has five stocks priced at $100, $50, $75, $90 and $85. Each one would be weighted at 20%.
How is the NASDAQ weighted?
The NASDAQ-100 Equal Weighted Index is the equal weighted version of the NASDAQ-100 Index which includes 100 of the largest non-financial securities listed on The NASDAQ Stock Market based on market capitalization.
What makes up the NASDAQ Composite?
The NASDAQ Composite (ticker symbol ^IXIC) is a stock market index of the common stocks and similar securities (e.g. ADRs, tracking stocks, limited partnership interests) listed on the NASDAQ stock market.
What is index Nasdaq?
The Nasdaq Composite Index is the market capitalization-weighted index of over 3,300 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts , common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests.
