QQMG vs. QQQE

Last updated Jun 25, 2026

QQMG (Invesco ESG NASDAQ 100 ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both Nasdaq-100 funds - QQMG tracks the Nasdaq-100 ESG Total Return Index while QQQE tracks the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 3 years, QQMG returned 26.76%/yr vs 17.59%/yr for QQQE. Their correlation of 0.91 suggests significant overlap in exposure. QQMG charges 0.20%/yr vs 0.35%/yr for QQQE.

Performance

QQMG vs. QQQE - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with QQMG having a 16.21% return and QQQE slightly higher at 16.37%.

QQMG

• 1D: -0.71%
• 1M: -1.06%
• YTD: 16.21%
• 6M: 14.47%
• 1Y: 33.85%
• 3Y*: 26.76%
• 5Y*: —
• 10Y*: —

QQQE

• 1D: -0.05%
• 1M: 1.92%
• YTD: 16.37%
• 6M: 14.73%
• 1Y: 22.98%
• 3Y*: 17.59%
• 5Y*: 9.05%
• 10Y*: 15.78%

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

QQMG vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQMG Invesco ESG NASDAQ 100 ETF	16.21%	22.16%	25.66%	55.00%	-31.56%	5.26%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	16.37%	14.58%	6.98%	33.76%	-24.47%	2.58%

Correlation

The correlation between QQMG and QQQE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.91

The correlation between QQMG and QQQE has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

QQMG vs. QQQE - Sectors Allocation Comparison

Sectors	QQMG	QQQE
Technology	63.1%	51.0%
Communication Services	13.3%	8.4%
Consumer Cyclical	11.6%	9.8%
Consumer Defensive	5.6%	7.0%
Healthcare	3.4%	7.8%
Industrials	1.4%	9.3%
Basic Materials	1.4%	0.8%
Utilities	0.2%	3.4%
Financial Services	0.2%	0.8%
Real Estate	0.1%	0.7%
Energy	-	1.7%

Return for Risk

QQMG vs. QQQE — Risk / Return Rank

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

QQMG

QQMG Risk / Return Rank: 59
QQMG Sharpe Ratio Rank: 62
QQMG Sortino Ratio Rank: 57
QQMG Omega Ratio Rank: 57
QQMG Calmar Ratio Rank: 61
QQMG Martin Ratio Rank: 60

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: 52

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.

QQMG vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) 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.

	QQMG	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.48	+0.34
Sortino ratio: Return per unit of downside risk	2.42	2.05	+0.37
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	2.68	2.45	+0.23
Martin ratio: Return relative to average drawdown	9.64	8.22	+1.42

QQMG vs. QQQE - Sharpe Ratio Comparison

The current QQMG Sharpe Ratio is 1.83, which is comparable to the QQQE Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of QQMG and QQQE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQMG vs. QQQE - Drawdown Comparison

The maximum QQMG drawdown since its inception was -35.43%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for QQMG and QQQE.

Drawdown Indicators

	QQMG	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-35.43%	-32.14%	-3.29%
Max Drawdown (1Y) Largest decline over 1 year	-12.67%	-9.41%	-3.26%
Max Drawdown (3Y) Largest decline over 3 years	-22.79%	-21.38%	-1.41%
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	-5.03%	-3.14%	-1.89%
Average Drawdown Average peak-to-trough decline	-9.53%	-5.15%	-4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	2.80%	+0.72%

Volatility

QQMG vs. QQQE - Volatility Comparison

Invesco ESG NASDAQ 100 ETF (QQMG) has a higher volatility of 9.06% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 8.01%. This indicates that QQMG'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.

Volatility by Period

	QQMG	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.06%	8.01%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	15.07%	12.69%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	18.67%	15.65%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.78%	20.54%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.78%	20.79%	+2.99%

QQMG vs. QQQE - Expense Ratio Comparison

QQMG has a 0.20% expense ratio, which is lower than QQQE's 0.35% expense ratio.

Dividends

QQMG vs. QQQE - Dividend Comparison

QQMG's dividend yield for the trailing twelve months is around 0.37%, less than QQQE's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQMG Invesco ESG NASDAQ 100 ETF	0.37%	0.41%	0.50%	0.60%	0.82%	0.08%	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 QQMG and QQQE in my portfolio?

QQMG 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.

Which is riskier, QQMG or QQQE?

QQMG has higher volatility (9.06%) compared to QQQE (8.01%). In terms of maximum drawdown, QQMG dropped -35.43% vs QQQE's -32.14%.

Which ETF is better, QQMG or QQQE?

On 3-year performance, QQMG leads with 26.76% vs 17.59% for QQQE. On fees, QQMG is cheaper at 0.20% per year. On volatility, QQQE has been the lower-risk option at 8.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQMG or QQQE?

Over the 3-year period, QQMG has performed better with a 26.76% return vs 17.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQMG or QQQE?

QQMG is cheaper with a 0.20% expense ratio, compared with 0.35% for QQQE.

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

QQQE has the higher dividend yield at 0.57%, compared with 0.37% for QQMG.

What is the main difference between QQMG and QQQE?

QQMG tracks Nasdaq-100 ESG Total Return Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.20% for QQMG and 0.35% for QQQE.

Which has better risk-adjusted returns?

QQMG currently has the higher Sharpe Ratio (1.83 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.