QEW vs TRFM
Invesco QQQ Equal Weight ETF against AAM Transformers ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
31%
46 shared positions
Fee gap
24 bp
QEW is cheaper
1-year return gap
—
Larger fund
TRFM
$248M
Side by side
| QEW | TRFM | |
|---|---|---|
| Fund | Invesco QQQ Equal Weight ETF | AAM Transformers ETF |
| Issuer | Invesco | AAM |
| Category | Equal Weight | Large Cap Blend |
| Expense ratio | 0.25% | 0.49% |
| Assets | $30M | $248M |
| Average daily dollar volume | $565K | $3.5M |
| Listed | Mar 16, 2026 | Jul 11, 2022 |
| FrenzyCap score | 52 | 58 |
| 1-month return | −1.9% | −5.5% |
| 3-month return | +2.9% | −2.3% |
| Year to date | — | +18.9% |
| 1-year return | — | +14.2% |
| 30-day volatility | 14.7% | 22.6% |
| Worst drawdown, 1 year | −6.3% | −13.0% |
| Trailing 12-month yield | 0.29% | 0.14% |
| Holdings | 103 | 272 |
| Top 10 weight | 11.9% | 8.5% |
| Look-through P/E | 36.5 | 60.7 |
| Holdings vs fair value | +0.2% | +1.8% |
| Holdings above 200-day average | 59% | 55% |
| Net flow, latest 3 reported months | +$28M thru May 2026 | +$83M thru Jul 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 8, 2026third-party data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
45% of QEW · 32% of TRFM| Holding | QEW | TRFM |
|---|---|---|
| AMD | 1.16% | 0.94% |
| MRVL | 1.16% | 0.87% |
| CRWD | 1.00% | 0.85% |
| DDOG | 1.10% | 0.84% |
| PANW | 0.91% | 0.83% |
| LITE | 0.92% | 0.82% |
| META | 1.24% | 0.82% |
| ALAB | 0.98% | 0.81% |
| AMAT | 0.90% | 0.81% |
| INTC | 1.04% | 0.81% |
| FTNT | 1.02% | 0.80% |
| SNPS | 1.04% | 0.79% |
| KLAC | 0.94% | 0.79% |
| TXN | 1.09% | 0.79% |
| TER | 0.98% | 0.78% |
| LRCX | 0.89% | 0.76% |
| PLTR | 1.05% | 0.76% |
| CDNS | 0.96% | 0.76% |
| ADI | 1.12% | 0.75% |
| MU | 0.95% | 0.75% |
| MPWR | 1.01% | 0.74% |
| CSCO | 0.99% | 0.73% |
| SNDK | 0.89% | 0.72% |
| AAPL | 1.09% | 0.72% |
| MSFT | 1.07% | 0.71% |
Sector mix of the stock holdings
| Sector | QEW | TRFM | Gap |
|---|---|---|---|
| Technology | 44.0% | 54.3% | −10.3% |
| Industrials | 13.8% | 19.5% | −5.7% |
| Consumer Discretionary | 12.5% | 2.7% | +9.8% |
| Utilities | 4.1% | 7.5% | −3.5% |
| Health Care | 10.7% | 0.0% | +10.7% |
| Consumer Staples | 5.3% | 0.0% | +5.3% |
| Communication Services | 3.7% | 1.3% | +2.4% |
| Materials | 1.0% | 2.3% | −1.2% |
| Financials | 1.1% | 0.7% | +0.4% |
| Energy | 1.0% | 0.0% | +1.0% |
More: full overlap table · QEW holdings · TRFM holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.