IQQ vs. QQQE
IQQ (iShares Nasdaq 100 ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both Nasdaq-100 funds - IQQ tracks the NASDAQ-100 Index while QQQE tracks the NASDAQ-100 Equal Weighted Index. Both are passively managed. Their correlation of 0.85 means they have usually moved in the same direction. IQQ charges 0.10%/yr vs 0.35%/yr for QQQE.
Performance
IQQ vs. QQQE - Performance Comparison
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Returns By Period
IQQ
- 1D
- -0.90%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QQQE
- 1D
- -0.75%
- 1M
- 0.16%
- 6M
- 19.12%
- YTD
- 18.72%
- 1Y
- 24.88%
- 3Y*
- 16.59%
- 5Y*
- 8.72%
- 10Y*
- 14.93%
- ALL TIME*
- 14.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.00M | $35.28M | $35.28M | |
| $22.56M | $23.28M | $25.02M |
IQQ vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQQ iShares Nasdaq 100 ETF | -0.53% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 1.71% |
Correlation
The correlation between IQQ and QQQE is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026 | 0.85 |
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Return for Risk
IQQ vs. QQQE — Risk / Return Rank
IQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQE
IQQ vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq 100 ETF (IQQ) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IQQ | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 8.47 | — |
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Drawdowns
IQQ vs. QQQE - Drawdown Comparison
The maximum IQQ drawdown since its inception was -8.80%, smaller than the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for IQQ and QQQE.
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Drawdown Indicators
| IQQ | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.80% | -32.14% | +23.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.41% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -1.14% | -1.18% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -5.14% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.94% | — |
Volatility
IQQ vs. QQQE - Volatility Comparison
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Volatility by Period
| IQQ | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 16.08% | +9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.88% | 20.63% | +5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 20.78% | +5.10% |
IQQ vs. QQQE - Expense Ratio Comparison
IQQ has a 0.10% expense ratio, which is lower than QQQE's 0.35% expense ratio.
Dividends
IQQ vs. QQQE - Dividend Comparison
IQQ has not paid dividends to shareholders, while QQQE's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQ iShares Nasdaq 100 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.56% | 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
IQQ and QQQE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ is cheaper with a 0.10% expense ratio, compared with 0.35% for QQQE.
QQQE has the higher dividend yield at 0.56%, compared with 0.00% for IQQ.
IQQ tracks NASDAQ-100 Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.10% for IQQ and 0.35% for QQQE.
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