Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) Sharpe Ratio: 2.04

QQQE's Sharpe Ratio of 2.04 indicates that for each unit of volatility, it generates 2.04 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

QQQE Sharpe Ratio Rank

Average

QQQE ranks above 58.9% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns are proportional to volatility—neither strong nor weak
Evaluate whether the volatility profile aligns with your risk tolerance
Review higher-ranked alternatives in the same category
Monitor rank direction to identify improving or deteriorating trends

QQQE Sharpe Ratio Market Positioning

The chart shows QQQE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.85 or lower
Yellow zone (middle 50%): 0.85 to 2.40
Green zone (top 25%): 2.40 or higher
Top 1%: 7.82+
Median: 1.69 — half of all investments score higher

How it compares to other similar ETFs

The table compares Direxion NASDAQ-100 Equal Weighted Index Shares's Sharpe Ratio with other ETFs in the Nasdaq-100 category across multiple time periods, showing how QQQE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

Symbol	Name	1Y Sharpe Ratio
PQAP	PGIM Nasdaq-100 Buffer 12 ETF - April	4.86
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	4.78
QCAP	FT Vest NASDAQ-100 Conservative Buffer ETF - April	4.17
QMAR	FT Cboe Vest Nasdaq-100 Buffer ETF - March	3.86
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	3.41
QTEC	First Trust NASDAQ-100 Technology Sector Index Fund	2.97
PBQQ	PGIM Laddered Nasdaq-100 Buffer 12 ETF	2.94
GPIQ	Goldman Sachs Nasdaq-100 Core Premium Income ETF	2.81
QYLD	Global X NASDAQ 100 Covered Call ETF	2.80
PQJA	PGIM Nasdaq-100 Buffer 12 ETF - January	2.77
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	2.04

Benchmark Against

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S&P 500 Index

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Historical Sharpe Ratio

The chart shows QQQE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when QQQE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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