QQQE vs. IQQ

Last updated Aug 4, 2026

QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) and IQQ (iShares Nasdaq 100 ETF) are both Nasdaq-100 funds - QQQE tracks the NASDAQ-100 Equal Weighted Index while IQQ tracks the NASDAQ-100 Index. Both are passively managed. Their correlation of 0.82 means they have usually moved in the same direction. QQQE charges 0.35%/yr vs 0.10%/yr for IQQ.

Performance

QQQE vs. IQQ - Performance Comparison

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

Returns By Period

QQQE

• 1D: 1.29%
• 1M: -1.31%
• 6M: 13.79%
• YTD: 16.27%
• 1Y: 23.25%
• 3Y*: 15.78%
• 5Y*: 8.28%
• 10Y*: 14.69%
• ALL TIME*: 14.41%

IQQ

• 1D: 1.76%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQQ iShares Nasdaq 100 ETF	$29.42M	$36.69M	$36.69M
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	$23.47M	$22.17M	$24.25M

QQQE vs. IQQ - Yearly Performance Comparison

	2026 (YTD)
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	-0.39%
IQQ iShares Nasdaq 100 ETF	-2.95%

Correlation

The correlation between QQQE and IQQ is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.82

Return for Risk

QQQE vs. IQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQE

QQQE Risk / Return Rank: 62
QQQE Sharpe Ratio Rank: 61
QQQE Sortino Ratio Rank: 59
QQQE Omega Ratio Rank: 57
QQQE Calmar Ratio Rank: 70
QQQE Martin Ratio Rank: 64

IQQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQE vs. IQQ - 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 Nasdaq 100 ETF (IQQ). 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.

	QQQE	IQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.47	—	—
Sortino ratio: Return per unit of downside risk	2.05	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.48	—	—
Martin ratio: Return relative to average drawdown	7.91	—	—

Drawdowns

QQQE vs. IQQ - Drawdown Comparison

The maximum QQQE drawdown since its inception was -32.14%, which is greater than IQQ's maximum drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for QQQE and IQQ.

Drawdown Indicators

	QQQE	IQQ	Difference
Max Drawdown Largest peak-to-trough decline	-32.14%	-8.80%	-23.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.38%	—	—
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	-3.22%	-3.54%	+0.32%
Average Drawdown Average peak-to-trough decline	-5.14%	-3.69%	-1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	—	—

Volatility

Volatility by Period

	QQQE	IQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	23.60%	-7.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	23.60%	-3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.76%	23.60%	-2.84%

QQQE vs. IQQ - Expense Ratio Comparison

QQQE has a 0.35% expense ratio, which is higher than IQQ's 0.10% expense ratio.

Dividends

QQQE vs. IQQ - Dividend Comparison

QQQE's dividend yield for the trailing twelve months is around 0.57%, while IQQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQQ iShares Nasdaq 100 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 QQQE and IQQ in my portfolio?

QQQE and IQQ have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQE or IQQ?

On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQE or IQQ?

IQQ is cheaper with a 0.10% expense ratio, compared with 0.35% for QQQE.

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

QQQE has the higher dividend yield at 0.57%, compared with 0.00% for IQQ.

What is the main difference between QQQE and IQQ?

QQQE tracks NASDAQ-100 Equal Weighted Index, while IQQ tracks NASDAQ-100 Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.35% for QQQE and 0.10% for IQQ.