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EDOW vs. QQQE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EDOW and QQQE is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.7

Performance

EDOW vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dow 30 Equal Weight ETF (EDOW) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
8.63%
3.12%
EDOW
QQQE

Key characteristics

Sharpe Ratio

EDOW:

1.41

QQQE:

0.65

Sortino Ratio

EDOW:

2.03

QQQE:

0.95

Omega Ratio

EDOW:

1.26

QQQE:

1.12

Calmar Ratio

EDOW:

2.29

QQQE:

0.92

Martin Ratio

EDOW:

7.28

QQQE:

3.11

Ulcer Index

EDOW:

2.07%

QQQE:

3.09%

Daily Std Dev

EDOW:

10.71%

QQQE:

14.91%

Max Drawdown

EDOW:

-33.72%

QQQE:

-32.14%

Current Drawdown

EDOW:

-3.38%

QQQE:

-5.05%

Returns By Period

In the year-to-date period, EDOW achieves a 14.17% return, which is significantly higher than QQQE's 8.61% return.


EDOW

YTD

14.17%

1M

-1.75%

6M

8.62%

1Y

15.02%

5Y*

9.12%

10Y*

N/A

QQQE

YTD

8.61%

1M

-2.80%

6M

3.11%

1Y

9.13%

5Y*

12.19%

10Y*

12.23%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


EDOW vs. QQQE - Expense Ratio Comparison

EDOW has a 0.50% expense ratio, which is higher than QQQE's 0.35% expense ratio.


EDOW
First Trust Dow 30 Equal Weight ETF
Expense ratio chart for EDOW: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for QQQE: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

EDOW vs. QQQE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow 30 Equal Weight ETF (EDOW) 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.


Sharpe ratio
The chart of Sharpe ratio for EDOW, currently valued at 1.41, compared to the broader market0.002.004.001.410.65
The chart of Sortino ratio for EDOW, currently valued at 2.03, compared to the broader market-2.000.002.004.006.008.0010.002.030.95
The chart of Omega ratio for EDOW, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.261.12
The chart of Calmar ratio for EDOW, currently valued at 2.29, compared to the broader market0.005.0010.0015.002.290.92
The chart of Martin ratio for EDOW, currently valued at 7.28, compared to the broader market0.0020.0040.0060.0080.00100.007.283.11
EDOW
QQQE

The current EDOW Sharpe Ratio is 1.41, which is higher than the QQQE Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of EDOW and QQQE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.41
0.65
EDOW
QQQE

Dividends

EDOW vs. QQQE - Dividend Comparison

EDOW's dividend yield for the trailing twelve months is around 1.64%, more than QQQE's 0.85% yield.


TTM20232022202120202019201820172016201520142013
EDOW
First Trust Dow 30 Equal Weight ETF
1.64%1.93%1.91%1.52%1.84%1.89%1.82%0.75%0.00%0.00%0.00%0.00%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
0.85%0.79%0.97%3.83%0.54%0.74%0.80%0.65%1.17%0.75%1.36%0.38%

Drawdowns

EDOW vs. QQQE - Drawdown Comparison

The maximum EDOW drawdown since its inception was -33.72%, roughly equal to the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for EDOW and QQQE. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.38%
-5.05%
EDOW
QQQE

Volatility

EDOW vs. QQQE - Volatility Comparison

The current volatility for First Trust Dow 30 Equal Weight ETF (EDOW) is 3.19%, while Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a volatility of 5.01%. This indicates that EDOW experiences smaller price fluctuations and is considered to be less risky than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
3.19%
5.01%
EDOW
QQQE
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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