Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
QQQE is a passive ETF by Direxion tracking the investment results of the NASDAQ-100 Equal Weighted Index. QQQE launched on Mar 21, 2012 and has a 0.35% expense ratio.
ETF Info
| ISIN | US25459Y2072 |
|---|---|
| CUSIP | 25459Y207 |
| Issuer | Direxion |
| Inception Date | Mar 21, 2012 |
| Region | North America (U.S.) |
| Category | Large Cap Growth Equities |
| Leveraged | 1x |
| Index Tracked | NASDAQ-100 Equal Weighted Index |
| Home Page | www.direxion.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
QQQE features an expense ratio of 0.35%, falling within the medium range.
Share Price Chart
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Popular comparisons: QQQE vs. QQQ, QQQE vs. QQQM, QQQE vs. QQEW, QQQE vs. SPXU, QQQE vs. SPY, QQQE vs. XLK, QQQE vs. SPYG, QQQE vs. VOO, QQQE vs. TQQQ, QQQE vs. SPYD
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion NASDAQ-100 Equal Weighted Index Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion NASDAQ-100 Equal Weighted Index Shares had a return of 6.73% year-to-date (YTD) and 21.17% in the last 12 months. Over the past 10 years, Direxion NASDAQ-100 Equal Weighted Index Shares had an annualized return of 12.59%, outperforming the S&P 500 benchmark which had an annualized return of 10.92%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.73% | 19.77% |
| 1 month | -0.43% | -0.67% |
| 6 months | 4.53% | 10.27% |
| 1 year | 21.17% | 31.07% |
| 5 years (annualized) | 13.17% | 13.22% |
| 10 years (annualized) | 12.59% | 10.92% |
Monthly Returns
The table below presents the monthly returns of QQQE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.61% | 3.68% | 1.25% | -5.43% | 2.83% | 2.50% | -0.16% | 1.12% | 0.86% | -1.32% | 6.73% | ||
| 2023 | 9.46% | -1.04% | 5.09% | -2.29% | 3.17% | 5.47% | 4.91% | -3.16% | -4.19% | -4.68% | 10.76% | 7.54% | 33.76% |
| 2022 | -9.00% | -3.01% | 2.88% | -10.60% | -0.94% | -7.88% | 10.66% | -4.55% | -9.22% | 6.16% | 7.11% | -6.47% | -24.47% |
| 2021 | -0.22% | 1.54% | 1.11% | 3.61% | -0.15% | 5.16% | 1.84% | 2.43% | -4.84% | 5.33% | -1.60% | 2.83% | 17.92% |
| 2020 | 0.13% | -5.18% | -10.62% | 13.04% | 8.85% | 4.19% | 5.28% | 5.99% | -2.76% | -2.25% | 13.90% | 4.90% | 37.85% |
| 2019 | 12.08% | 3.53% | 1.81% | 5.23% | -9.02% | 8.57% | 1.59% | -2.52% | 0.74% | 3.89% | 3.66% | 3.42% | 36.43% |
| 2018 | 7.29% | -2.68% | -2.39% | -0.83% | 2.46% | 1.24% | 3.15% | 2.08% | -0.34% | -8.54% | 3.05% | -8.78% | -5.40% |
| 2017 | 6.16% | 3.56% | 1.95% | 1.52% | 3.34% | -1.18% | 2.90% | -0.08% | 1.29% | 1.17% | 2.35% | 0.96% | 26.53% |
| 2016 | -8.21% | 0.51% | 5.63% | -2.13% | 3.93% | -2.13% | 6.66% | 1.08% | 1.28% | -1.62% | 3.05% | -0.18% | 7.19% |
| 2015 | -3.19% | 7.70% | -1.52% | 0.55% | 2.15% | -2.69% | 2.27% | -6.61% | -3.43% | 9.17% | 0.34% | -0.95% | 2.72% |
| 2014 | -1.42% | 6.99% | -2.76% | -1.87% | 3.62% | 3.65% | -0.43% | 4.60% | -1.21% | 3.12% | 5.02% | -0.84% | 19.43% |
| 2013 | 8.93% | 0.53% | 3.87% | 1.25% | 4.47% | -1.38% | 6.59% | -1.44% | 6.04% | 2.60% | 1.91% | 3.62% | 43.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QQQE is 48, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion NASDAQ-100 Equal Weighted Index Shares provided a 0.86% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.67 | $0.62 | $3.27 | $0.41 | $0.40 | $0.32 | $0.28 | $0.40 | $0.24 | $0.43 | $0.10 |
Dividend yield | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% | 0.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion NASDAQ-100 Equal Weighted Index Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.53 | |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.25 | $0.67 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.25 | $0.62 |
| 2021 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $2.99 | $3.27 |
| 2020 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.15 | $0.41 |
| 2019 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.40 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.32 |
| 2017 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.28 |
| 2016 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.40 |
| 2015 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.01 | $0.24 |
| 2014 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.43 |
| 2013 | $0.01 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion NASDAQ-100 Equal Weighted Index Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion NASDAQ-100 Equal Weighted Index Shares was 32.14%, occurring on Oct 14, 2022. Recovery took 316 trading sessions.
The current Direxion NASDAQ-100 Equal Weighted Index Shares drawdown is 2.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.14% | Nov 17, 2021 | 229 | Oct 14, 2022 | 316 | Jan 19, 2024 | 545 |
| -30.9% | Feb 20, 2020 | 22 | Mar 20, 2020 | 53 | Jun 5, 2020 | 75 |
| -20.05% | Aug 30, 2018 | 80 | Dec 24, 2018 | 57 | Mar 19, 2019 | 137 |
| -18.61% | Jun 23, 2015 | 159 | Feb 8, 2016 | 119 | Jul 28, 2016 | 278 |
| -13.46% | Mar 27, 2012 | 46 | Jun 1, 2012 | 99 | Jan 11, 2013 | 145 |
Volatility
Volatility Chart
The current Direxion NASDAQ-100 Equal Weighted Index Shares volatility is 3.72%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.