QQQE vs. QQEW
Compare and contrast key facts about Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW).
QQQE and QQEW 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. QQEW is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Apr 19, 2006. Both QQQE and QQEW 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 QQEW.
Performance
QQQE vs. QQEW - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with QQQE having a 9.05% return and QQEW slightly lower at 8.88%. Both investments have delivered pretty close results over the past 10 years, with QQQE having a 12.57% annualized return and QQEW not far behind at 12.29%.
QQQE
9.05%
0.16%
3.92%
17.93%
13.59%
12.57%
QQEW
8.88%
0.14%
3.53%
17.61%
13.35%
12.29%
Key characteristics
| QQQE | QQEW | |
|---|---|---|
| Sharpe Ratio | 1.33 | 1.30 |
| Sortino Ratio | 1.86 | 1.84 |
| Omega Ratio | 1.23 | 1.23 |
| Calmar Ratio | 1.85 | 1.83 |
| Martin Ratio | 6.47 | 6.36 |
| Ulcer Index | 3.00% | 2.99% |
| Daily Std Dev | 14.60% | 14.62% |
| Max Drawdown | -32.14% | -58.16% |
| Current Drawdown | -2.58% | -2.69% |
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QQQE vs. QQEW - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is lower than QQEW's 0.58% expense ratio.
Correlation
The correlation between QQQE and QQEW is 0.97, 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.
Risk-Adjusted Performance
QQQE vs. QQEW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW). 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. QQEW - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.85%, more than QQEW's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.85% | 0.79% | 0.97% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% | 0.38% |
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund | 0.70% | 0.70% | 0.66% | 0.24% | 0.34% | 0.48% | 0.56% | 0.48% | 0.73% | 0.62% | 1.05% | 0.46% |
Drawdowns
QQQE vs. QQEW - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum QQEW drawdown of -58.16%. Use the drawdown chart below to compare losses from any high point for QQQE and QQEW. For additional features, visit the drawdowns tool.
Volatility
QQQE vs. QQEW - Volatility Comparison
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) have volatilities of 4.86% and 4.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.