QQQE vs. EWI
Compare and contrast key facts about Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and iShares MSCI Italy ETF (EWI).
QQQE and EWI 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. EWI is a passively managed fund by iShares that tracks the performance of the MSCI Italy Index. It was launched on Mar 12, 1996. Both QQQE and EWI 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. EWI - Performance Comparison
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QQQE vs. EWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | -2.88% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 36.43% | -5.40% | 26.53% |
EWI iShares MSCI Italy ETF | 0.33% | 55.72% | 10.23% | 30.63% | -14.16% | 14.38% | 1.69% | 26.98% | -17.18% | 28.70% |
Returns By Period
In the year-to-date period, QQQE achieves a -2.88% return, which is significantly lower than EWI's 0.33% return. Over the past 10 years, QQQE has outperformed EWI with an annualized return of 13.30%, while EWI has yielded a comparatively lower 12.24% annualized return.
QQQE
- 1D
- 0.68%
- 1M
- -4.20%
- YTD
- -2.88%
- 6M
- -2.59%
- 1Y
- 13.91%
- 3Y*
- 11.84%
- 5Y*
- 6.34%
- 10Y*
- 13.30%
EWI
- 1D
- 2.04%
- 1M
- -2.57%
- YTD
- 0.33%
- 6M
- 5.37%
- 1Y
- 32.35%
- 3Y*
- 25.82%
- 5Y*
- 15.37%
- 10Y*
- 12.24%
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QQQE vs. EWI - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is lower than EWI's 0.49% expense ratio.
Return for Risk
QQQE vs. EWI — Risk / Return Rank
QQQE
EWI
QQQE vs. EWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and iShares MSCI Italy ETF (EWI). 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 | EWI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 1.51 | -0.83 |
Sortino ratioReturn per unit of downside risk | 1.13 | 2.12 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.31 | -1.17 |
Martin ratioReturn relative to average drawdown | 4.59 | 9.19 | -4.60 |
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 | EWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.51 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.74 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.53 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.22 | +0.47 |
Correlation
The correlation between QQQE and EWI is 0.59, 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. EWI - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.64%, less than EWI's 2.80% 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% |
EWI iShares MSCI Italy ETF | 2.80% | 2.80% | 4.07% | 3.40% | 4.57% | 2.63% | 1.66% | 3.80% | 4.71% | 2.19% | 3.64% | 2.31% |
Drawdowns
QQQE vs. EWI - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum EWI drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for QQQE and EWI.
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Drawdown Indicators
| QQQE | EWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.14% | -70.38% | +38.24% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -14.21% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -35.25% | +3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -32.14% | -43.00% | +10.86% |
Current DrawdownCurrent decline from peak | -6.45% | -5.90% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -29.10% | +23.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.57% | -0.41% |
Volatility
QQQE vs. EWI - Volatility Comparison
The current volatility for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is 5.64%, while iShares MSCI Italy ETF (EWI) has a volatility of 8.36%. This indicates that QQQE experiences smaller price fluctuations and is considered to be less risky than EWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQE | EWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 8.36% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.05% | 13.28% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.47% | 21.51% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 20.96% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 23.29% | -2.58% |