QNDX vs. QQQE

Last updated Jul 17, 2026

QNDX (SPDR Portfolio Nasdaq 100 ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both Nasdaq-100 funds - QNDX tracks the Nasdaq-100 Index while QQQE tracks the NASDAQ-100 Equal Weighted Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. QNDX charges 0.10%/yr vs 0.35%/yr for QQQE.

Performance

QNDX vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio Nasdaq 100 ETF (QNDX) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QNDX

• 1D: -1.56%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQE

• 1D: -0.26%
• 1M: -1.61%
• 6M: 13.70%
• YTD: 16.12%
• 1Y: 21.29%
• 3Y*: 14.88%
• 5Y*: 9.06%
• 10Y*: 14.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QNDX vs. QQQE - Yearly Performance Comparison

	2026 (YTD)
QNDX SPDR Portfolio Nasdaq 100 ETF	-1.16%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	-0.27%

Correlation

The correlation between QNDX and QQQE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026	0.94

Return for Risk

QNDX vs. QQQE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QNDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQE

QQQE Risk / Return Rank: 49
QQQE Sharpe Ratio Rank: 47
QQQE Sortino Ratio Rank: 45
QQQE Omega Ratio Rank: 44
QQQE Calmar Ratio Rank: 56
QQQE Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QNDX vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Nasdaq 100 ETF (QNDX) 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.

	QNDX	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.35	—
Sortino ratio: Return per unit of downside risk	—	1.90	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.27	—
Martin ratio: Return relative to average drawdown	—	7.47	—

Drawdowns

QNDX vs. QQQE - Drawdown Comparison

The maximum QNDX drawdown since its inception was -4.09%, smaller than the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for QNDX and QQQE.

Drawdown Indicators

	QNDX	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-4.09%	-32.14%	+28.05%
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 Drawdown Current decline from peak	-4.09%	-3.35%	-0.74%
Average Drawdown Average peak-to-trough decline	-1.91%	-5.14%	+3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.86%	—

Volatility

Volatility by Period

	QNDX	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.37%	15.82%	+6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.37%	20.58%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.37%	20.74%	+1.63%

QNDX vs. QQQE - Expense Ratio Comparison

QNDX has a 0.10% expense ratio, which is lower than QQQE's 0.35% expense ratio.

Dividends

QNDX vs. QQQE - Dividend Comparison

QNDX has not paid dividends to shareholders, while QQQE's dividend yield for the trailing twelve months is around 0.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QNDX SPDR Portfolio 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	0.57%	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

Can I hold both QNDX and QQQE in my portfolio?

With a correlation of 0.94, QNDX and QQQE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QNDX or QQQE?

On fees, QNDX is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QNDX or QQQE?

QNDX is cheaper with a 0.10% expense ratio, compared with 0.35% for QQQE.

Which ETF pays a higher dividend yield, QNDX or QQQE?

QQQE has the higher dividend yield at 0.57%, compared with 0.00% for QNDX.

What is the main difference between QNDX and QQQE?

QNDX tracks Nasdaq-100 Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. They also come from different issuers: State Street and Direxion. Their fees differ too: 0.10% for QNDX and 0.35% for QQQE.