QQQ includes a 26.0% tilt toward FANG components. On the other hand, QQQE’s largest component holding is Baidu (NasdaqGS: BIDU) at 1.5%. QQEW only includes a 4% weight toward FANG stocks.
Due to their equal-weight indexing methodology, QQQE and QQEW include a larger position in mid-cap companies and smaller tilt toward technology names.
Specifically, QQQE market-cap weights include 19.5% mega-caps, 45.3% large-caps and 35.3% mid-caps. QQEW holds 20.1% mega-caps, 46.2% large-caps and 33.7% mid-caps. Meanwhile, QQQ has 60.8% mega-caps, 30.8% large-caps and 8.4% mid-caps.
Additionally, QQQ includes a hefty 55.5% allocation toward the technology sector, followed by 20.6% consumer discretionary and 14.6% health care. In contrast, QQQE has 43.3% tech, 26.5% consumer discretionary and 13.1% health care. QQEW holds 36.% tech, 30.4% consumer services and 14.9% health care.
For more information on the tech space, visit our technology category.
Max Chen contributed to this article.