QQEW vs. IGV ETF Comparison

Comparison of First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) to iShares Expanded Tech-Software Sector ETF (IGV)

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$132.00

Average Daily Volume

54,613

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

IGV

iShares Expanded Tech-Software Sector ETF

IGV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Software IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of software-related companies in the United States and Canada. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$105.79

Average Daily Volume

3,843,031

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

Performance

Period	QQEW	IGV
30 Days	4.58%	14.74%
60 Days	4.98%	18.44%
90 Days	6.88%	22.56%
12 Months	21.56%	38.95%

18 Overlapping Holdings

Symbol	Grade	Weight in QQEW	Weight in IGV	Overlap
ADBE	C	0.93%	6.5%	0.93%
ADSK	B	1.12%	2.31%	1.12%
ANSS	B	1.04%	1.04%	1.04%
APP	B	0.97%	2.13%	0.97%
CDNS	B	1.08%	2.91%	1.08%
CRWD	B	1.13%	2.79%	1.13%
DDOG	A	1.15%	1.43%	1.15%
EA	C	1.16%	1.38%	1.16%
FTNT	C	1.17%	2.1%	1.17%
INTU	C	0.98%	4.13%	0.98%
MSFT	D	0.93%	7.19%	0.93%
PANW	C	1.12%	4.35%	1.12%
ROP	B	0.96%	2.12%	0.96%
SNPS	B	1.04%	2.94%	1.04%
TEAM	B	1.46%	1.39%	1.39%
TTWO	B	1.21%	1.04%	1.04%
WDAY	C	1.01%	2.02%	1.01%
ZS	C	1.13%	0.68%	0.68%

QQEW Overweight 83 Positions Relative to IGV

Symbol	Grade	Weight
TSLA	B	1.39%
NVDA	C	1.22%
NFLX	B	1.22%
DASH	A	1.2%
BKNG	B	1.2%
BKR	C	1.19%
MRVL	B	1.18%
WBD	C	1.17%
TMUS	A	1.15%
LULU	C	1.14%
CHTR	C	1.14%
PDD	F	1.13%
FAST	B	1.12%
MAR	A	1.11%
TTD	B	1.1%
PCAR	B	1.08%
ISRG	C	1.08%
HON	B	1.08%
INTC	C	1.07%
PYPL	A	1.07%
ODFL	B	1.07%
CSCO	A	1.07%
XEL	A	1.06%
CPRT	A	1.05%
ADP	B	1.05%
MU	D	1.05%
DXCM	C	1.04%
CTAS	B	1.04%
CMCSA	C	1.04%
ORLY	B	1.04%
VRSK	A	1.04%
GILD	B	1.03%
GFS	C	1.03%
AMZN	C	1.03%
PAYX	B	1.03%
MNST	B	1.02%
CTSH	B	1.0%
ABNB	C	1.0%
SBUX	B	0.99%
COST	B	0.99%
META	D	0.98%
MDB	C	0.98%
FANG	F	0.97%
AAPL	B	0.97%
ILMN	C	0.97%
CSGP	C	0.96%
CSX	B	0.96%
TXN	D	0.95%
ON	C	0.94%
VRTX	D	0.94%
LIN	D	0.93%
AVGO	D	0.93%
EXC	D	0.93%
ARM	D	0.93%
AEP	D	0.92%
NXPI	D	0.92%
CCEP	B	0.91%
GEHC	F	0.91%
CEG	D	0.9%
PEP	F	0.9%
ADI	D	0.9%
QCOM	F	0.89%
MELI	C	0.89%
ROST	C	0.88%
LRCX	F	0.88%
AMD	F	0.86%
KHC	D	0.86%
AMAT	F	0.86%
MDLZ	F	0.84%
AMGN	D	0.83%
KDP	D	0.83%
MCHP	F	0.82%
IDXX	F	0.8%
ASML	F	0.8%
KLAC	F	0.79%
AZN	F	0.78%
CDW	F	0.76%
BIIB	F	0.76%
REGN	F	0.63%
MRNA	F	0.55%
SMCI	D	0.55%
GOOGL	C	0.52%
GOOG	C	0.52%

QQEW Underweight 91 Positions Relative to IGV

Symbol	Grade	Weight
CRM	B	-9.42%
ORCL	C	-8.34%
NOW	B	-7.13%
PLTR	B	-4.17%
MSTR	C	-2.0%
FICO	B	-1.99%
HUBS	B	-1.25%
TYL	A	-0.92%
PTC	A	-0.8%
ZM	B	-0.76%
NTNX	B	-0.61%
MANH	C	-0.6%
DOCU	A	-0.58%
GWRE	B	-0.57%
GEN	A	-0.57%
DT	C	-0.56%
SNAP	C	-0.4%
IOT	B	-0.36%
BILL	A	-0.3%
S	B	-0.28%
PCOR	B	-0.27%
ESTC	C	-0.27%
SMAR	A	-0.27%
BSY	D	-0.26%
CVLT	B	-0.26%
GTLB	C	-0.25%
CFLT	B	-0.25%
DBX	C	-0.23%
AZPN	A	-0.23%
SPSC	C	-0.23%
MARA	C	-0.22%
ALTR	B	-0.22%
VRNS	D	-0.21%
QTWO	A	-0.21%
CWAN	B	-0.2%
PATH	C	-0.2%
ACIW	B	-0.2%
AUR	B	-0.19%
APPF	B	-0.19%
U	C	-0.19%
QLYS	C	-0.19%
HCP	B	-0.18%
WK	B	-0.17%
CCCS	A	-0.17%
TENB	C	-0.17%
BOX	A	-0.17%
IDCC	A	-0.16%
DLB	B	-0.15%
PEGA	A	-0.14%
NCNO	B	-0.13%
BLKB	B	-0.12%
CLSK	C	-0.12%
ZETA	D	-0.12%
RNG	B	-0.11%
BL	B	-0.11%
RIOT	C	-0.11%
INTA	B	-0.1%
DV	C	-0.1%
TDC	D	-0.1%
PRGS	A	-0.1%
AI	B	-0.1%
FIVN	C	-0.1%
FRSH	C	-0.1%
ALRM	C	-0.1%
YOU	D	-0.09%
VERX	A	-0.09%
RPD	C	-0.09%
ENV	B	-0.09%
AGYS	B	-0.09%
BRZE	C	-0.08%
ALKT	A	-0.08%
PD	C	-0.07%
RAMP	C	-0.07%
VYX	C	-0.07%
AVPT	B	-0.06%
MTTR	B	-0.05%
ZUO	C	-0.05%
SPT	C	-0.05%
VRNT	C	-0.05%
APPN	C	-0.05%
PRO	C	-0.04%
ASAN	C	-0.04%
ATEN	B	-0.04%
ADEA	C	-0.04%
SWI	B	-0.03%
NABL	F	-0.03%
CXM	C	-0.03%
JAMF	F	-0.03%
SEMR	C	-0.02%
MLNK	C	-0.02%
ETWO	F	-0.02%