EWI vs. QQQE
Compare and contrast key facts about iShares MSCI Italy ETF (EWI) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
EWI and QQQE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWI is a passively managed fund by iShares that tracks the performance of the MSCI Italy Index. It was launched on Mar 12, 1996. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012. Both EWI and QQQE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EWI vs. QQQE - Performance Comparison
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EWI vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWI iShares MSCI Italy ETF | 0.33% | 55.72% | 10.23% | 30.63% | -14.16% | 14.38% | 1.69% | 26.98% | -17.18% | 28.70% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | -2.88% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 36.43% | -5.40% | 26.53% |
Returns By Period
In the year-to-date period, EWI achieves a 0.33% return, which is significantly higher than QQQE's -2.88% return. Over the past 10 years, EWI has underperformed QQQE with an annualized return of 12.24%, while QQQE has yielded a comparatively higher 13.30% annualized return.
EWI
- 1D
- 2.04%
- 1M
- -2.57%
- YTD
- 0.33%
- 6M
- 5.37%
- 1Y
- 32.35%
- 3Y*
- 25.82%
- 5Y*
- 15.37%
- 10Y*
- 12.24%
QQQE
- 1D
- 0.68%
- 1M
- -4.20%
- YTD
- -2.88%
- 6M
- -2.59%
- 1Y
- 13.91%
- 3Y*
- 11.84%
- 5Y*
- 6.34%
- 10Y*
- 13.30%
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EWI vs. QQQE - Expense Ratio Comparison
EWI has a 0.49% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Return for Risk
EWI vs. QQQE — Risk / Return Rank
EWI
QQQE
EWI vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Italy ETF (EWI) 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.
| EWI | QQQE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 0.68 | +0.83 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.13 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.16 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.14 | +1.17 |
Martin ratioReturn relative to average drawdown | 9.19 | 4.59 | +4.60 |
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
| EWI | QQQE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.68 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.31 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.64 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.69 | -0.47 |
Correlation
The correlation between EWI and QQQE is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EWI vs. QQQE - Dividend Comparison
EWI's dividend yield for the trailing twelve months is around 2.80%, more than QQQE's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWI iShares MSCI Italy ETF | 2.80% | 2.80% | 4.07% | 3.40% | 4.57% | 2.63% | 1.66% | 3.80% | 4.71% | 2.19% | 3.64% | 2.31% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.64% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Drawdowns
EWI vs. QQQE - Drawdown Comparison
The maximum EWI drawdown since its inception was -70.38%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for EWI and QQQE.
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Drawdown Indicators
| EWI | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.38% | -32.14% | -38.24% |
Max Drawdown (1Y)Largest decline over 1 year | -14.21% | -12.74% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -35.25% | -32.14% | -3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -43.00% | -32.14% | -10.86% |
Current DrawdownCurrent decline from peak | -5.90% | -6.45% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -29.10% | -5.22% | -23.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.16% | +0.41% |
Volatility
EWI vs. QQQE - Volatility Comparison
iShares MSCI Italy ETF (EWI) has a higher volatility of 8.36% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 5.64%. This indicates that EWI'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
| EWI | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 5.64% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 11.05% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.51% | 20.47% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 20.32% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.29% | 20.71% | +2.58% |