QQQE vs. ROE
Compare and contrast key facts about Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Astoria US Equal Weight Quality Kings ETF (ROE).
QQQE and ROE 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. ROE is an actively managed fund by Astoria. It was launched on Jul 31, 2023.
Performance
QQQE vs. ROE - Performance Comparison
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QQQE vs. ROE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | -3.54% | 14.58% | 6.98% | 5.88% |
ROE Astoria US Equal Weight Quality Kings ETF | 0.75% | 17.20% | 18.34% | 4.29% |
Returns By Period
In the year-to-date period, QQQE achieves a -3.54% return, which is significantly lower than ROE's 0.75% return.
QQQE
- 1D
- 2.57%
- 1M
- -5.09%
- YTD
- -3.54%
- 6M
- -2.70%
- 1Y
- 13.72%
- 3Y*
- 11.59%
- 5Y*
- 6.19%
- 10Y*
- 13.22%
ROE
- 1D
- 2.75%
- 1M
- -5.84%
- YTD
- 0.75%
- 6M
- 3.04%
- 1Y
- 22.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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QQQE vs. ROE - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is lower than ROE's 0.49% expense ratio.
Return for Risk
QQQE vs. ROE — Risk / Return Rank
QQQE
ROE
QQQE vs. ROE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Astoria US Equal Weight Quality Kings ETF (ROE). 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 | ROE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.18 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.74 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.91 | -0.84 |
Martin ratioReturn relative to average drawdown | 4.38 | 9.05 | -4.67 |
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 | ROE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.18 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.96 | -0.28 |
Correlation
The correlation between QQQE and ROE is 0.89, 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. ROE - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.64%, less than ROE's 1.13% 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% |
ROE Astoria US Equal Weight Quality Kings ETF | 1.13% | 0.97% | 1.18% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQE vs. ROE - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, which is greater than ROE's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for QQQE and ROE.
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Drawdown Indicators
| QQQE | ROE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.14% | -19.10% | -13.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -12.22% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.14% | — | — |
Current DrawdownCurrent decline from peak | -7.08% | -6.15% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -2.70% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.58% | +0.55% |
Volatility
QQQE vs. ROE - Volatility Comparison
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Astoria US Equal Weight Quality Kings ETF (ROE) have volatilities of 5.68% and 5.80%, 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.
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Volatility by Period
| QQQE | ROE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 5.80% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 11.31% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.46% | 19.18% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.33% | 15.91% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 15.91% | +4.80% |