QQQE vs. QQQ

Last updated Jun 14, 2026

QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) and QQQ (Invesco QQQ ETF) are both Nasdaq-100 funds - QQQE tracks the NASDAQ-100 Equal Weighted Index while QQQ tracks the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, QQQE returned 15.61%/yr vs 21.79%/yr for QQQ. Their correlation of 0.90 suggests significant overlap in exposure. QQQE charges 0.35%/yr vs 0.18%/yr for QQQ.

Performance

QQQE vs. QQQ - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with QQQE having a 17.14% return and QQQ slightly higher at 17.57%. Over the past 10 years, QQQE has underperformed QQQ with an annualized return of 15.61%, while QQQ has yielded a comparatively higher 21.79% annualized return.

QQQE

• 1D: 1.18%
• 1M: 5.18%
• YTD: 17.14%
• 6M: 16.29%
• 1Y: 26.96%
• 3Y*: 17.04%
• 5Y*: 9.60%
• 10Y*: 15.61%

QQQ

• 1D: 0.59%
• 1M: 0.22%
• YTD: 17.57%
• 6M: 17.85%
• 1Y: 37.55%
• 3Y*: 26.43%
• 5Y*: 16.85%
• 10Y*: 21.79%

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

QQQE vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	17.14%	14.58%	6.98%	33.76%	-24.47%	17.93%	37.85%	36.43%	-5.40%	26.53%
QQQ Invesco QQQ ETF	17.57%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between QQQE and QQQ is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012	0.90

The correlation between QQQE and QQQ has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

QQQE vs. QQQ - Sectors Allocation Comparison

Sectors	QQQE	QQQ
Technology	51.0%	58.7%
Consumer Cyclical	9.8%	11.4%
Industrials	9.3%	2.6%
Communication Services	8.4%	14.3%
Healthcare	7.8%	3.7%
Consumer Defensive	7.0%	6.4%
Utilities	3.4%	1.2%
Energy	1.7%	0.5%
Basic Materials	0.8%	1.0%
Financial Services	0.8%	0.2%
Real Estate	0.7%	0.1%

Return for Risk

QQQE vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQE

QQQE Risk / Return Rank: 56
QQQE Sharpe Ratio Rank: 55
QQQE Sortino Ratio Rank: 52
QQQE Omega Ratio Rank: 52
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 58

QQQ

QQQ Risk / Return Rank: 71
QQQ Sharpe Ratio Rank: 75
QQQ Sortino Ratio Rank: 70
QQQ Omega Ratio Rank: 73
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQE vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Invesco QQQ ETF (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.

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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.09	-0.46
Sortino ratio: Return per unit of downside risk	2.23	2.73	-0.50
Omega ratio: Gain probability vs. loss probability	1.29	1.37	-0.08
Calmar ratio: Return relative to maximum drawdown	2.65	3.01	-0.35
Martin ratio: Return relative to average drawdown	8.95	11.22	-2.27

QQQE vs. QQQ - Sharpe Ratio Comparison

The current QQQE Sharpe Ratio is 1.63, which is comparable to the QQQ Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of QQQE and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQE vs. QQQ - Drawdown Comparison

The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for QQQE and QQQ.

Drawdown Indicators

	QQQE	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-32.14%	-82.97%	+50.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-11.96%	+2.55%
Max Drawdown (3Y) Largest decline over 3 years	-21.38%	-22.77%	+1.39%
Max Drawdown (5Y) Largest decline over 5 years	-32.14%	-35.12%	+2.98%
Max Drawdown (10Y) Largest decline over 10 years	-32.14%	-35.12%	+2.98%
Current Drawdown Current decline from peak	-1.76%	-3.33%	+1.57%
Average Drawdown Average peak-to-trough decline	-5.16%	-32.75%	+27.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	3.20%	-0.41%

Volatility

QQQE vs. QQQ - Volatility Comparison

The current volatility for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is 7.04%, while Invesco QQQ ETF (QQQ) has a volatility of 7.56%. 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.

Volatility by Period

	QQQE	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.04%	7.56%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	13.81%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	15.28%	17.19%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.45%	22.55%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.79%	22.38%	-1.59%

QQQE vs. QQQ - Expense Ratio Comparison

QQQE has a 0.35% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

QQQE vs. QQQ - Dividend Comparison

QQQE's dividend yield for the trailing twelve months is around 0.53%, more than QQQ's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.39%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.53%	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 QQQ in my portfolio?

QQQE and QQQ have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQE or QQQ?

QQQ has higher volatility (7.56%) compared to QQQE (7.04%). In terms of maximum drawdown, QQQE dropped -32.14% vs QQQ's -82.97%.

Which ETF is better, QQQE or QQQ?

On 10-year performance, QQQ leads with 21.79% vs 15.61% for QQQE. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQE has been the lower-risk option at 7.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQE or QQQ?

Over the 10-year period, QQQ has performed better with a 21.79% return vs 15.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQE or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.35% for QQQE.

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

QQQE has the higher dividend yield at 0.53%, compared with 0.39% for QQQ.

What is the main difference between QQQE and QQQ?

QQQE tracks NASDAQ-100 Equal Weighted Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.35% for QQQE and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.09 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.