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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQE or EWI.
Correlation
The correlation between QQQE and EWI is 0.66, 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.
Performance
QQQE vs. EWI - Performance Comparison
Key characteristics
QQQE:
0.15
EWI:
1.02
QQQE:
0.36
EWI:
1.52
QQQE:
1.05
EWI:
1.21
QQQE:
0.15
EWI:
1.29
QQQE:
0.55
EWI:
4.81
QQQE:
5.78%
EWI:
4.52%
QQQE:
21.45%
EWI:
21.39%
QQQE:
-32.14%
EWI:
-70.38%
QQQE:
-11.35%
EWI:
0.00%
Returns By Period
In the year-to-date period, QQQE achieves a -3.24% return, which is significantly lower than EWI's 22.44% return. Over the past 10 years, QQQE has outperformed EWI with an annualized return of 11.29%, while EWI has yielded a comparatively lower 7.10% annualized return.
QQQE
-3.24%
-3.59%
-3.98%
2.86%
12.49%
11.29%
EWI
22.44%
3.36%
16.73%
23.63%
20.93%
7.10%
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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.
Risk-Adjusted Performance
QQQE vs. EWI — Risk-Adjusted Performance Rank
QQQE
EWI
QQQE vs. EWI - Risk-Adjusted Performance 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.
Dividends
QQQE vs. EWI - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.74%, less than EWI's 3.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.74% | 0.86% | 0.79% | 0.97% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% |
EWI iShares MSCI Italy ETF | 3.33% | 4.07% | 3.40% | 4.57% | 2.63% | 1.65% | 3.80% | 4.70% | 2.19% | 3.64% | 2.31% | 2.51% |
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. For additional features, visit the drawdowns tool.
Volatility
QQQE vs. EWI - Volatility Comparison
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a higher volatility of 15.31% compared to iShares MSCI Italy ETF (EWI) at 14.46%. This indicates that QQQE's price experiences larger fluctuations and is considered to be riskier than EWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.