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QQQ vs. QQQE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. QQQE

Last updated Jun 14, 2026

QQQ (Invesco QQQ ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both Nasdaq-100 funds - QQQ tracks the NASDAQ-100 Index while QQQE tracks the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 10 years, QQQ returned 21.79%/yr vs 15.61%/yr for QQQE. Their correlation of 0.90 suggests significant overlap in exposure. QQQ charges 0.18%/yr vs 0.35%/yr for QQQE.

Performance

QQQ vs. QQQE - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with QQQ having a 17.57% return and QQQE slightly lower at 17.14%. Over the past 10 years, QQQ has outperformed QQQE with an annualized return of 21.79%, while QQQE has yielded a comparatively lower 15.61% annualized return.

QQQ

1D
0.59%
1M
1.75%
YTD
17.57%
6M
17.85%
1Y
37.55%
3Y*
26.43%
5Y*
16.85%
10Y*
21.79%

QQQE

1D
1.18%
1M
5.18%
YTD
17.14%
6M
16.29%
1Y
26.96%
3Y*
17.04%
5Y*
9.60%
10Y*
15.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. QQQE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQQ
Invesco QQQ ETF		17.57%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		17.14%14.58%6.98%33.76%-24.47%17.93%37.85%36.43%-5.40%26.53%

Correlation

The correlation between QQQ and QQQE is 0.87, 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

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (10Y)
Calculated over the trailing 10-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Mar 21, 2012

0.90

The correlation between QQQ and QQQE has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

QQQ vs. QQQE - Sectors Allocation Comparison

Sectors
QQQ
QQQE

Technology

58.7%
51.0%

Communication Services

14.3%
8.4%

Consumer Cyclical

11.4%
9.8%

Consumer Defensive

6.4%
7.0%

Healthcare

3.7%
7.8%

Industrials

2.6%
9.3%

Utilities

1.2%
3.4%

Basic Materials

1.0%
0.8%

Energy

0.5%
1.7%

Financial Services

0.2%
0.8%

Real Estate

0.1%
0.7%

Technology

QQQ
58.7%
QQQE
51.0%

Communication Services

QQQ
14.3%
QQQE
8.4%

Consumer Cyclical

QQQ
11.4%
QQQE
9.8%

Consumer Defensive

QQQ
6.4%
QQQE
7.0%

Healthcare

QQQ
3.7%
QQQE
7.8%

Industrials

QQQ
2.6%
QQQE
9.3%

Utilities

QQQ
1.2%
QQQE
3.4%

Basic Materials

QQQ
1.0%
QQQE
0.8%

Energy

QQQ
0.5%
QQQE
1.7%

Financial Services

QQQ
0.2%
QQQE
0.8%

Real Estate

QQQ
0.1%
QQQE
0.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco QQQ ETF

Direxion NASDAQ-100 Equal Weighted Index Shares

Often compared with QQQ:
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Often compared with QQQE:
QQQE vs. QQQMQQQE vs. QQEWQQQE vs. SPYGQQQE vs. TQQQQQQE vs. VOOQQQE vs. SPYQQQE vs. XLK

Return for Risk

QQQ vs. QQQE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 7171
Overall Rank
QQQ Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7373
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7070
Martin Ratio Rank
QQQE
QQQE Risk / Return Rank: 5656
Overall Rank
QQQE Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
QQQE Sortino Ratio Rank: 5252
Sortino Ratio Rank
QQQE Omega Ratio Rank: 5252
Omega Ratio Rank
QQQE Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQQE Martin Ratio Rank: 5858
Martin Ratio Rank
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.

QQQ vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) 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.

QQQQQQEDifference
Sharpe ratioReturn per unit of total volatility
2.09
1.63

+0.46

Sortino ratioReturn per unit of downside risk
2.73
2.23

+0.50

Omega ratioGain probability vs. loss probability

1.37

1.29

+0.08

Calmar ratioReturn relative to maximum drawdown

3.01

2.65

+0.35

Martin ratioReturn relative to average drawdown

11.22

8.95

+2.27

QQQ vs. QQQE - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.09, which is comparable to the QQQE Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of QQQ 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.

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Drawdowns

QQQ vs. QQQE - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for QQQ and QQQE.

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Drawdown Indicators

QQQQQQEDifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-32.14%

-50.83%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-9.41%

-2.55%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-21.38%

-1.39%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-32.14%

-2.98%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

-32.14%

-2.98%

Current Drawdown

Current decline from peak

-3.33%

-1.76%

-1.57%

Average Drawdown

Average peak-to-trough decline

-32.75%

-5.16%

-27.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

2.79%

+0.41%

Volatility

QQQ vs. QQQE - Volatility Comparison

Invesco QQQ ETF (QQQ) has a higher volatility of 7.56% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 7.04%. This indicates that QQQ'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.

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Volatility by Period

QQQQQQEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.56%

7.04%

+0.52%

Volatility (6M)

Calculated over the trailing 6-month period

13.81%

12.12%

+1.69%

Volatility (1Y)

Calculated over the trailing 1-year period

17.19%

15.28%

+1.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.55%

20.45%

+2.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.38%

20.79%

+1.59%

QQQ vs. QQQE - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than QQQE's 0.35% expense ratio.

Dividends

QQQ vs. QQQE - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.39%, less than QQQE's 0.53% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.39%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		0.53%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

QQQ and QQQE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (7.56%) compared to QQQE (7.04%). In terms of maximum drawdown, QQQ dropped -82.97% vs QQQE's -32.14%.

On 10-year performance, QQQ leads with 21.79% vs 15.61% for QQQE. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQE has been the lower-risk option at 7.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 21.79% return vs 15.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.35% for QQQE.

QQQE has the higher dividend yield at 0.53%, compared with 0.39% for QQQ.

QQQ tracks NASDAQ-100 Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.18% for QQQ and 0.35% for QQQE.

QQQ currently has the higher Sharpe Ratio (2.09 vs 1.63), 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.

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