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

Correlation

The correlation between QQEW and QQQE is 0.97, 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.


-0.50.00.51.0
Correlation: 1.0

Performance

QQEW vs. QQQE - Performance Comparison

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

340.00%360.00%380.00%400.00%420.00%440.00%460.00%NovemberDecember2025FebruaryMarchApril
341.00%
355.05%
QQEW
QQQE

Key characteristics

Sharpe Ratio

QQEW:

-0.58

QQQE:

-0.57

Sortino Ratio

QQEW:

-0.65

QQQE:

-0.63

Omega Ratio

QQEW:

0.91

QQQE:

0.92

Calmar Ratio

QQEW:

-0.52

QQQE:

-0.51

Martin Ratio

QQEW:

-2.28

QQQE:

-2.21

Ulcer Index

QQEW:

4.54%

QQQE:

4.56%

Daily Std Dev

QQEW:

17.95%

QQQE:

17.75%

Max Drawdown

QQEW:

-58.16%

QQQE:

-32.14%

Current Drawdown

QQEW:

-19.75%

QQQE:

-19.66%

Returns By Period

The year-to-date returns for both investments are quite close, with QQEW having a -12.59% return and QQQE slightly higher at -12.32%. Both investments have delivered pretty close results over the past 10 years, with QQEW having a 10.16% annualized return and QQQE not far ahead at 10.42%.


QQEW

YTD

-12.59%

1M

-14.79%

6M

-12.82%

1Y

-9.02%

5Y*

13.45%

10Y*

10.16%

QQQE

YTD

-12.32%

1M

-14.50%

6M

-12.50%

1Y

-8.62%

5Y*

13.73%

10Y*

10.42%

*Annualized

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QQEW vs. QQQE - Expense Ratio Comparison

QQEW has a 0.58% expense ratio, which is higher than QQQE's 0.35% expense ratio.


Expense ratio chart for QQEW: current value is 0.58%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQEW: 0.58%
Expense ratio chart for QQQE: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQQE: 0.35%

Risk-Adjusted Performance

QQEW vs. QQQE — Risk-Adjusted Performance Rank

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

QQEW
The Risk-Adjusted Performance Rank of QQEW is 66
Overall Rank
The Sharpe Ratio Rank of QQEW is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of QQEW is 77
Sortino Ratio Rank
The Omega Ratio Rank of QQEW is 66
Omega Ratio Rank
The Calmar Ratio Rank of QQEW is 66
Calmar Ratio Rank
The Martin Ratio Rank of QQEW is 11
Martin Ratio Rank

QQQE
The Risk-Adjusted Performance Rank of QQQE is 55
Overall Rank
The Sharpe Ratio Rank of QQQE is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQE is 77
Sortino Ratio Rank
The Omega Ratio Rank of QQQE is 66
Omega Ratio Rank
The Calmar Ratio Rank of QQQE is 66
Calmar Ratio Rank
The Martin Ratio Rank of QQQE is 11
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

QQEW vs. QQQE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) 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.


The chart of Sharpe ratio for QQEW, currently valued at -0.58, compared to the broader market-1.000.001.002.003.004.005.00
QQEW: -0.58
QQQE: -0.57
The chart of Sortino ratio for QQEW, currently valued at -0.65, compared to the broader market-2.000.002.004.006.008.0010.00
QQEW: -0.65
QQQE: -0.63
The chart of Omega ratio for QQEW, currently valued at 0.91, compared to the broader market0.501.001.502.002.50
QQEW: 0.91
QQQE: 0.92
The chart of Calmar ratio for QQEW, currently valued at -0.52, compared to the broader market0.005.0010.0015.00
QQEW: -0.52
QQQE: -0.51
The chart of Martin ratio for QQEW, currently valued at -2.28, compared to the broader market0.0020.0040.0060.0080.00
QQEW: -2.28
QQQE: -2.21

The current QQEW Sharpe Ratio is -0.58, which is comparable to the QQQE Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of QQEW 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 Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
-0.58
-0.57
QQEW
QQQE

Dividends

QQEW vs. QQQE - Dividend Comparison

QQEW's dividend yield for the trailing twelve months is around 0.60%, less than QQQE's 0.81% yield.


TTM20242023202220212020201920182017201620152014
QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund
0.60%0.57%0.70%0.66%0.24%0.34%0.48%0.56%0.48%0.73%0.62%1.05%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
0.81%0.86%0.79%0.97%3.83%0.54%0.74%0.80%0.65%1.17%0.75%1.36%

Drawdowns

QQEW vs. QQQE - Drawdown Comparison

The maximum QQEW drawdown since its inception was -58.16%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for QQEW and QQQE. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-19.75%
-19.66%
QQEW
QQQE

Volatility

QQEW vs. QQQE - Volatility Comparison

First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) have volatilities of 9.99% and 9.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
9.99%
9.77%
QQEW
QQQE