QQQE vs. QQQ
Compare and contrast key facts about Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Invesco QQQ (QQQ).
QQQE and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QQQE and QQQ 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 QQQ.
Performance
QQQE vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, QQQE achieves a 9.27% return, which is significantly lower than QQQ's 23.40% return. Over the past 10 years, QQQE has underperformed QQQ with an annualized return of 12.59%, while QQQ has yielded a comparatively higher 18.08% annualized return.
QQQE
9.27%
0.93%
3.79%
18.86%
13.58%
12.59%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| QQQE | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.25 | 1.71 |
| Sortino Ratio | 1.75 | 2.29 |
| Omega Ratio | 1.22 | 1.31 |
| Calmar Ratio | 1.73 | 2.19 |
| Martin Ratio | 6.04 | 7.95 |
| Ulcer Index | 3.01% | 3.73% |
| Daily Std Dev | 14.55% | 17.38% |
| Max Drawdown | -32.14% | -82.98% |
| Current Drawdown | -2.39% | -2.13% |
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QQQE vs. QQQ - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between QQQE and QQQ is 0.90, 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. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.85%, more than QQQ's 0.60% 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% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QQQE vs. QQQ - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQQE and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQQE vs. QQQ - Volatility Comparison
The current volatility for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is 4.86%, while Invesco QQQ (QQQ) has a volatility of 5.66%. This indicates that QQQE experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.