GSEW vs. QQQE
Compare and contrast key facts about Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
GSEW and QQQE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSEW is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive US Large Cap Equal Weight Index. It was launched on Sep 12, 2017. 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 GSEW 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSEW or QQQE.
Correlation
The correlation between GSEW and QQQE is 0.88, 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.
Performance
GSEW vs. QQQE - Performance Comparison
Key characteristics
GSEW:
1.69
QQQE:
0.72
GSEW:
2.36
QQQE:
1.05
GSEW:
1.30
QQQE:
1.13
GSEW:
2.84
QQQE:
1.03
GSEW:
9.75
QQQE:
3.51
GSEW:
2.06%
QQQE:
3.08%
GSEW:
11.88%
QQQE:
14.94%
GSEW:
-38.65%
QQQE:
-32.14%
GSEW:
-5.71%
QQQE:
-5.29%
Returns By Period
In the year-to-date period, GSEW achieves a 17.62% return, which is significantly higher than QQQE's 8.34% return.
GSEW
17.62%
-2.73%
9.82%
18.62%
10.79%
N/A
QQQE
8.34%
-0.85%
2.38%
9.33%
12.17%
12.25%
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GSEW vs. QQQE - Expense Ratio Comparison
GSEW has a 0.09% expense ratio, which is lower than QQQE's 0.35% expense ratio.
Risk-Adjusted Performance
GSEW vs. QQQE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) 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.
Dividends
GSEW vs. QQQE - Dividend Comparison
GSEW's dividend yield for the trailing twelve months is around 1.49%, more than QQQE's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 1.49% | 1.64% | 1.73% | 1.34% | 1.53% | 1.65% | 1.56% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.58% | 0.79% | 0.97% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% | 0.38% |
Drawdowns
GSEW vs. QQQE - Drawdown Comparison
The maximum GSEW drawdown since its inception was -38.65%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for GSEW and QQQE. For additional features, visit the drawdowns tool.
Volatility
GSEW vs. QQQE - Volatility Comparison
The current volatility for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is 4.36%, while Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a volatility of 5.24%. This indicates that GSEW 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.