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QQQE vs. QQEW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.01.0

Performance

QQQE vs. QQEW - Performance Comparison

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

360.00%380.00%400.00%420.00%440.00%460.00%JulyAugustSeptemberOctoberNovemberDecember
425.58%
409.95%
QQQE
QQEW

Key characteristics

Sharpe Ratio

QQQE:

0.72

QQEW:

0.70

Sortino Ratio

QQQE:

1.05

QQEW:

1.04

Omega Ratio

QQQE:

1.13

QQEW:

1.13

Calmar Ratio

QQQE:

1.03

QQEW:

1.01

Martin Ratio

QQQE:

3.51

QQEW:

3.42

Ulcer Index

QQQE:

3.08%

QQEW:

3.07%

Daily Std Dev

QQQE:

14.94%

QQEW:

14.99%

Max Drawdown

QQQE:

-32.14%

QQEW:

-58.16%

Current Drawdown

QQQE:

-5.29%

QQEW:

-5.42%

Returns By Period

The year-to-date returns for both stocks are quite close, with QQQE having a 8.34% return and QQEW slightly lower at 8.15%. Both investments have delivered pretty close results over the past 10 years, with QQQE having a 12.25% annualized return and QQEW not far behind at 11.98%.


QQQE

YTD

8.34%

1M

-0.85%

6M

2.38%

1Y

9.33%

5Y*

12.17%

10Y*

12.25%

QQEW

YTD

8.15%

1M

-1.10%

6M

2.21%

1Y

8.95%

5Y*

11.91%

10Y*

11.98%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


QQQE vs. QQEW - Expense Ratio Comparison

QQQE has a 0.35% expense ratio, which is lower than QQEW's 0.58% expense ratio.


QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund
Expense ratio chart for QQEW: current value at 0.58% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.58%
Expense ratio chart for QQQE: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

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.


Sharpe ratio
The chart of Sharpe ratio for QQQE, currently valued at 0.72, compared to the broader market0.002.004.000.720.70
The chart of Sortino ratio for QQQE, currently valued at 1.05, compared to the broader market-2.000.002.004.006.008.0010.001.051.04
The chart of Omega ratio for QQQE, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.001.131.13
The chart of Calmar ratio for QQQE, currently valued at 1.03, compared to the broader market0.005.0010.0015.001.031.01
The chart of Martin ratio for QQQE, currently valued at 3.51, compared to the broader market0.0020.0040.0060.0080.00100.003.513.42
QQQE
QQEW

The current QQQE Sharpe Ratio is 0.72, which is comparable to the QQEW Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of QQQE and QQEW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.72
0.70
QQQE
QQEW

Dividends

QQQE vs. QQEW - Dividend Comparison

QQQE's dividend yield for the trailing twelve months is around 0.58%, less than QQEW's 0.71% yield.


TTM20232022202120202019201820172016201520142013
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
0.58%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
0.45%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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.29%
-5.42%
QQQE
QQEW

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 5.24% and 5.35%, 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.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
5.24%
5.35%
QQQE
QQEW
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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