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QEWvsFLRGETF Comparison

ETF 1
QEW

Invesco QQQ Equal Weight ETF

This fund is part of
US Large Cap
-1.52%
Full QEW fund page
VS
ETF 2
FLRG

Fidelity US Multifactor ETF

This fund is part of
US Multi-Factor
-1.09%
Full FLRG fund page

Invesco QQQ Equal Weight ETF (QEW) belongs to the US Large Cap segment. Fidelity US Multifactor ETF (FLRG) is part of the US Multi-Factor segment. QEW's top 3 sector exposures are Information Technology, Consumer Discretionary and Industrials. In contrast, FLRG's top sector exposures are Information Technology, Consumer Discretionary and Health Care. QEW is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.15% for FLRG. Run a side-by-side ETF comparison of QEW and FLRG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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QEW vs FLRG performance and flow charts

Performance

-5.0-4.0-3.0-2.0-1.00.01.0%Feb 20Feb 27Mar 6Mar 13Mar 20

Cumulative Flows

-40 M-30 M-20 M-10 M0 MFeb 20Feb 27Mar 6Mar 13Mar 20

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/20/2026
1M3MYTD1Y3Y5Y
Perf.
QEW
FLRG
n/a-4.66%
n/a-4.65%
n/a-3.53%
n/a+12.09%
n/a+59.40%
n/a+76.02%
Flows
QEW
FLRG
--$38M
-+$88K
--$2M
-+$35M
-+$195M
-+$208M
Volatility and drawdown
3M1Y3Y5Y
Volatility
QEW
FLRG
n/a+10.85%
n/a+15.80%
n/a+13.42%
n/a+15.27%
Max drawdown
QEW
FLRG
n/a-5.91%
n/a-11.50%
n/a-16.74%
n/a-20.04%
Max drawdown duration
QEW
FLRG
n/a51d
n/a38d
n/a154d
n/a604d
Trading data

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QEW
FLRG
Last sale
3/20/2026 at 1:30 PM
$24.43
$36.48
Previous close
03/19/2026
$24.83
$37.14
Consolidated volume
03/19/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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QEW
FLRG
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/20/2026 at 1:30 PM
Live
Closed
QEW
FLRG
Last price
$24.43
$36.48
1D performance
-1.61%
-1.77%
AuM$2.44 M$259.01 M
E/R0.25%0.15%
Characteristics
QEW
FLRG
Management strategyPassivePassive
ProviderInvescoFidelity
BenchmarkNASDAQ-100 Equal Weighted IndexFidelity U.S. Multifactor Index
N° of holdings9397
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateMarch 18, 2026September 15, 2020
ESGNoNo
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Exposure

Countries

QEW
USA
92.38%
Other
7.62%
FLRG
USA
94.3%
Other
5.7%

Sectors

QEW
Information Techn.
37.09%
Consumer Discreti.
10.4%
Industrials
10.29%
Communication Ser.
8.99%
Health Care
8.92%
Consumer Staples
8.78%
Other
15.54%
FLRG
Information Techn.
35.55%
Consumer Discreti.
9.99%
Health Care
9.88%
Financials
9.66%
Communication Ser.
9.66%
Industrials
8.44%
Other
16.83%
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Diversification

QEW

Total weight of top 15 holdings out of 15

19.85%
FLRG

Total weight of top 15 holdings out of 15

41.67%

Top 15 holdings

Data as of February 28, 2026
QEW
MICRON TECHNOLOGY
1.55%
WESTERN DIGITAL
1.55%
APPLIED MATERIAL
1.45%
BAKER HUGHES
1.44%
US5128073062
1.38%
USN070592100
1.37%
SEAGATE TECHNOLOGY HOLDINGS PLC
1.37%
ANALOG DEVICES
1.28%
OLD DOMINION
1.25%
MONOLITHIC POWER SYSTEMS
1.23%
INTEL-T
1.23%
KLA CORPORATION
1.20%
TEXAS INSTRUMENTS
1.20%
HONEYWELL INTL
1.19%
IE000S9YS762
1.17%
FLRG
NVIDIA
7.48%
APPLE
6.39%
ALPHABET INC-CL
5.14%
MICROSOFT-T
4.75%
BROADCOM LIMITED
2.63%
META PLATFORMS
2.34%
EXXON
1.73%
JOHNSON&JOHNSON
1.61%
VISA INCORPORATION
1.59%
NRG ENERGY
1.41%
MASTERCARD
1.37%
ABBVIE
1.33%
PROCTERGAMBLE
1.32%
NEWMONT CORP
1.31%
MCDONALD'S
1.26%
Frequently asked questions about QEW and FLRG

Which ETF is bigger: QEW or FLRG?

As of March 20, 2026, QEW holds $2.44 M in assets under management (AUM), while FLRG manages $259.01 M.

What sectors do the QEW and FLRG ETFs invest in?

QEW leans toward sectors like Information Technology, Consumer Discretionary and Industrials. Meanwhile, FLRG focuses on Information Technology, Consumer Discretionary and Health Care.

What are the top holdings of the QEW ETF and FLRG ETF?

QEW top holdings include MICRON TECHNOLOGY, WESTERN DIGITAL and APPLIED MATERIAL. FLRG holds in its top three: NVIDIA, APPLE and ALPHABET INC-CL.

Which ETF is more diversified: QEW or FLRG?

QEW holds 102 securities with 19.85% of its assets in the top 15. FLRG has 98 securities and a top 15 weight of 41.67%.

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