QQQE vs. PCBIX
Compare and contrast key facts about Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Principal MidCap Fund Institutional Class (PCBIX).
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. PCBIX is managed by Principal. It was launched on Dec 6, 2000.
Performance
QQQE vs. PCBIX - Performance Comparison
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QQQE vs. PCBIX - 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% |
PCBIX Principal MidCap Fund Institutional Class | -11.07% | 1.62% | 23.63% | 25.92% | -23.16% | 25.22% | 18.25% | 49.40% | -6.86% | 25.32% |
Returns By Period
In the year-to-date period, QQQE achieves a -2.88% return, which is significantly higher than PCBIX's -11.07% return. Over the past 10 years, QQQE has outperformed PCBIX with an annualized return of 13.30%, while PCBIX has yielded a comparatively lower 11.72% 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%
PCBIX
- 1D
- 2.17%
- 1M
- -7.73%
- YTD
- -11.07%
- 6M
- -13.70%
- 1Y
- -9.77%
- 3Y*
- 10.04%
- 5Y*
- 5.23%
- 10Y*
- 11.72%
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QQQE vs. PCBIX - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is lower than PCBIX's 0.67% expense ratio.
Return for Risk
QQQE vs. PCBIX — Risk / Return Rank
QQQE
PCBIX
QQQE vs. PCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Principal MidCap Fund Institutional Class (PCBIX). 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 | PCBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | -0.51 | +1.19 |
Sortino ratioReturn per unit of downside risk | 1.13 | -0.61 | +1.73 |
Omega ratioGain probability vs. loss probability | 1.16 | 0.92 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | -0.51 | +1.65 |
Martin ratioReturn relative to average drawdown | 4.59 | -1.52 | +6.10 |
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 | PCBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | -0.51 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.28 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.62 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.59 | +0.10 |
Correlation
The correlation between QQQE and PCBIX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QQQE vs. PCBIX - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.64%, less than PCBIX's 6.54% 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% |
PCBIX Principal MidCap Fund Institutional Class | 6.54% | 5.81% | 6.40% | 2.51% | 3.18% | 7.96% | 1.08% | 9.02% | 12.24% | 3.31% | 2.49% | 6.30% |
Drawdowns
QQQE vs. PCBIX - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum PCBIX drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for QQQE and PCBIX.
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Drawdown Indicators
| QQQE | PCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.14% | -50.25% | +18.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -19.29% | +6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -31.17% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -32.14% | -40.56% | +8.42% |
Current DrawdownCurrent decline from peak | -6.45% | -16.88% | +10.43% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -6.50% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 6.53% | -3.37% |
Volatility
QQQE vs. PCBIX - Volatility Comparison
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a higher volatility of 5.64% compared to Principal MidCap Fund Institutional Class (PCBIX) at 5.24%. This indicates that QQQE's price experiences larger fluctuations and is considered to be riskier than PCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQE | PCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 5.24% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 11.05% | 10.58% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.47% | 18.38% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 18.56% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 19.10% | +1.61% |