QQQE vs. ALTL
Compare and contrast key facts about Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Pacer Lunt Large Cap Alternator ETF (ALTL).
QQQE and ALTL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012. ALTL is a passively managed fund by Pacer that tracks the performance of the Lunt Capital US Large Cap Equity Rotation Index. It was launched on Jun 24, 2020. Both QQQE and ALTL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QQQE vs. ALTL - Performance Comparison
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QQQE vs. ALTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | -3.54% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 28.42% |
ALTL Pacer Lunt Large Cap Alternator ETF | 2.39% | 16.61% | 12.30% | -15.85% | -10.67% | 45.30% | 33.74% |
Returns By Period
In the year-to-date period, QQQE achieves a -3.54% return, which is significantly lower than ALTL's 2.39% return.
QQQE
- 1D
- 2.57%
- 1M
- -5.09%
- YTD
- -3.54%
- 6M
- -2.70%
- 1Y
- 13.72%
- 3Y*
- 11.59%
- 5Y*
- 6.19%
- 10Y*
- 13.22%
ALTL
- 1D
- 0.37%
- 1M
- -5.36%
- YTD
- 2.39%
- 6M
- 4.18%
- 1Y
- 27.47%
- 3Y*
- 6.25%
- 5Y*
- 3.27%
- 10Y*
- —
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QQQE vs. ALTL - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is lower than ALTL's 0.60% expense ratio.
Return for Risk
QQQE vs. ALTL — Risk / Return Rank
QQQE
ALTL
QQQE vs. ALTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Pacer Lunt Large Cap Alternator ETF (ALTL). 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.
| QQQE | ALTL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.49 | -0.81 |
Sortino ratioReturn per unit of downside risk | 1.11 | 2.03 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.98 | -1.90 |
Martin ratioReturn relative to average drawdown | 4.38 | 10.34 | -5.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQE | ALTL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.49 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.18 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.62 | +0.07 |
Correlation
The correlation between QQQE and ALTL is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QQQE vs. ALTL - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.64%, less than ALTL's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.64% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
ALTL Pacer Lunt Large Cap Alternator ETF | 1.07% | 0.95% | 1.56% | 1.28% | 1.23% | 1.06% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQE vs. ALTL - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, roughly equal to the maximum ALTL drawdown of -31.91%. Use the drawdown chart below to compare losses from any high point for QQQE and ALTL.
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Drawdown Indicators
| QQQE | ALTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.14% | -31.91% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -9.79% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -31.91% | -0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -32.14% | — | — |
Current DrawdownCurrent decline from peak | -7.08% | -5.43% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -11.85% | +6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.82% | +0.31% |
Volatility
QQQE vs. ALTL - Volatility Comparison
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a higher volatility of 5.68% compared to Pacer Lunt Large Cap Alternator ETF (ALTL) at 2.97%. This indicates that QQQE's price experiences larger fluctuations and is considered to be riskier than ALTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQE | ALTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 2.97% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 13.20% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.46% | 18.61% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.33% | 18.23% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 20.11% | +0.60% |