COM vs. QQQE
COM (Direxion Auspice Broad Commodity Strategy ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - COM is a Commodities fund tracking the Auspice Broad Commodity ER Index, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 5 years, COM returned 8.28%/yr vs 10.30%/yr for QQQE. At a 0.12 correlation, their price movements are largely independent. COM charges 0.70%/yr vs 0.35%/yr for QQQE.
Performance
COM vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, COM achieves a 14.96% return, which is significantly lower than QQQE's 19.12% return.
COM
- 1D
- -0.76%
- 1M
- -2.14%
- YTD
- 14.96%
- 6M
- 14.36%
- 1Y
- 22.41%
- 3Y*
- 7.16%
- 5Y*
- 8.28%
- 10Y*
- —
QQQE
- 1D
- -0.10%
- 1M
- 10.46%
- YTD
- 19.12%
- 6M
- 17.48%
- 1Y
- 28.68%
- 3Y*
- 18.69%
- 5Y*
- 10.30%
- 10Y*
- 15.49%
COM vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 14.96% | 7.72% | 5.81% | -2.09% | 9.17% | 28.00% | 6.63% | -0.18% | -0.03% | -2.05% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 19.12% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 36.43% | -5.40% | 12.83% |
Correlation
The correlation between COM and QQQE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.12 |
The correlation between COM and QQQE shifts across timeframes, from 0.02 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COM vs. QQQE — Risk / Return Rank
COM
QQQE
COM vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| COM | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.35 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 3.06 | +1.89 |
| Martin ratioReturn relative to average drawdown | 14.37 | 10.57 | +3.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COM | QQQE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.04 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.51 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.76 | -0.04 |
Drawdowns
COM vs. QQQE - Drawdown Comparison
The maximum COM drawdown since its inception was -15.95%, smaller than the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for COM and QQQE.
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Drawdown Indicators
| COM | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -32.14% | +16.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -9.41% | +4.86% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -21.38% | +12.88% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -32.14% | +18.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -4.55% | -0.10% | -4.45% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -5.17% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 2.72% | -1.16% |
Volatility
COM vs. QQQE - Volatility Comparison
Direxion Auspice Broad Commodity Strategy ETF (COM) has a higher volatility of 4.04% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.79%. This indicates that COM's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COM | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.79% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 10.64% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.41% | 14.15% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.60% | 20.30% | -10.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.77% | 20.72% | -10.95% |
COM vs. QQQE - Expense Ratio Comparison
COM has a 0.70% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
COM vs. QQQE - Dividend Comparison
COM's dividend yield for the trailing twelve months is around 2.46%, more than QQQE's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 2.46% | 2.99% | 3.88% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.52% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
COM and QQQE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COM has higher volatility (4.04%) compared to QQQE (3.79%). In terms of maximum drawdown, COM dropped -15.95% vs QQQE's -32.14%.
On 5-year performance, QQQE leads with 10.30% vs 8.28% for COM. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQE has performed better with a 10.30% return vs 8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 0.70% for COM.
COM has the higher dividend yield at 2.46%, compared with 0.52% for QQQE.
COM is categorized as Commodities, while QQQE is Nasdaq-100. COM tracks Auspice Broad Commodity ER Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 0.70% for COM and 0.35% for QQQE.
COM currently has the higher Sharpe Ratio (2.16 vs 2.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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