QQQE vs. RSPT

Last updated Jun 4, 2026

QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) and RSPT (Invesco S&P 500 Equal Weight Technology ETF) are both exchange-traded funds - QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index, while RSPT is a Technology Equities fund tracking the S&P 500® Information Technology Index. Both are passively managed. Over the past 10 years, QQQE returned 15.49%/yr vs 22.48%/yr for RSPT. Their correlation of 0.91 suggests significant overlap in exposure. QQQE charges 0.35%/yr vs 0.40%/yr for RSPT.

Performance

QQQE vs. RSPT - 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 S&P 500 Equal Weight Technology ETF (RSPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQE achieves a 19.12% return, which is significantly lower than RSPT's 47.30% return. Over the past 10 years, QQQE has underperformed RSPT with an annualized return of 15.49%, while RSPT has yielded a comparatively higher 22.48% annualized return.

QQQE

• 1D: -0.10%
• 1M: 10.46%
• YTD: 19.12%
• 6M: 17.48%
• 1Y: 28.68%
• 3Y*: 18.69%
• 5Y*: 10.30%
• 10Y*: 15.49%

RSPT

• 1D: -0.76%
• 1M: 22.88%
• YTD: 47.30%
• 6M: 46.37%
• 1Y: 75.62%
• 3Y*: 33.71%
• 5Y*: 19.46%
• 10Y*: 22.48%

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

QQQE vs. RSPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	19.12%	14.58%	6.98%	33.76%	-24.47%	17.93%	37.85%	36.43%	-5.40%	26.53%
RSPT Invesco S&P 500 Equal Weight Technology ETF	47.30%	22.15%	15.16%	35.18%	-24.50%	28.53%	30.21%	42.07%	-0.61%	32.98%

Correlation

The correlation between QQQE and RSPT is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 22, 2012	0.91

The correlation between QQQE and RSPT has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

QQQE vs. RSPT - Sectors Allocation Comparison

Sectors	QQQE	RSPT
Technology	45.1%	97.6%
Consumer Cyclical	10.9%	-
Industrials	10.1%	1.0%
Communication Services	9.1%	-
Healthcare	8.6%	-
Consumer Defensive	7.7%	-
Utilities	3.9%	-
Energy	2.0%	1.4%
Financial Services	1.0%	0.1%
Basic Materials	0.9%	-
Real Estate	0.7%	-

Return for Risk

QQQE vs. RSPT — Risk / Return Rank

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

QQQE

QQQE Risk / Return Rank: 58
QQQE Sharpe Ratio Rank: 59
QQQE Sortino Ratio Rank: 57
QQQE Omega Ratio Rank: 55
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 59

RSPT

RSPT Risk / Return Rank: 91
RSPT Sharpe Ratio Rank: 93
RSPT Sortino Ratio Rank: 90
RSPT Omega Ratio Rank: 86
RSPT Calmar Ratio Rank: 94
RSPT Martin Ratio Rank: 93

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. RSPT - 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 S&P 500 Equal Weight Technology ETF (RSPT). 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	RSPT	Difference
Sharpe ratio: Return per unit of total volatility	2.04	3.54	-1.50
Sortino ratio: Return per unit of downside risk	2.79	4.27	-1.48
Omega ratio: Gain probability vs. loss probability	1.35	1.55	-0.20
Calmar ratio: Return relative to maximum drawdown	3.06	7.12	-4.06
Martin ratio: Return relative to average drawdown	10.57	25.76	-15.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQE vs. RSPT - Sharpe Ratio Comparison

The current QQQE Sharpe Ratio is 2.04, which is lower than the RSPT Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of QQQE and RSPT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQE	RSPT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	3.54	-1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.81	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.95	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.65	+0.11

Drawdowns

QQQE vs. RSPT - Drawdown Comparison

The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum RSPT drawdown of -58.91%. Use the drawdown chart below to compare losses from any high point for QQQE and RSPT.

Drawdown Indicators

	QQQE	RSPT	Difference
Max Drawdown Largest peak-to-trough decline	-32.14%	-58.91%	+26.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-10.67%	+1.26%
Max Drawdown (3Y) Largest decline over 3 years	-21.38%	-26.62%	+5.24%
Max Drawdown (5Y) Largest decline over 5 years	-32.14%	-32.49%	+0.35%
Max Drawdown (10Y) Largest decline over 10 years	-32.14%	-33.67%	+1.53%
Current Drawdown Current decline from peak	-0.10%	-0.76%	+0.66%
Average Drawdown Average peak-to-trough decline	-5.17%	-8.90%	+3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	2.95%	-0.23%

Volatility

QQQE vs. RSPT - Volatility Comparison

The current volatility for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is 3.79%, while Invesco S&P 500 Equal Weight Technology ETF (RSPT) has a volatility of 7.02%. This indicates that QQQE experiences smaller price fluctuations and is considered to be less risky than RSPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQE	RSPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	7.02%	-3.23%
Volatility (6M) Calculated over the trailing 6-month period	10.64%	17.12%	-6.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	21.55%	-7.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.30%	24.08%	-3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	23.77%	-3.05%

QQQE vs. RSPT - Expense Ratio Comparison

QQQE has a 0.35% expense ratio, which is lower than RSPT's 0.40% expense ratio.

Dividends

QQQE vs. RSPT - Dividend Comparison

QQQE's dividend yield for the trailing twelve months is around 0.52%, more than RSPT's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.52%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%
RSPT Invesco S&P 500 Equal Weight Technology ETF	0.25%	0.39%	0.44%	0.56%	0.71%	0.50%	1.29%	0.92%	0.98%	0.84%	1.16%	1.18%

Frequently Asked Questions

Can I hold both QQQE and RSPT in my portfolio?

With a correlation of 0.91, QQQE and RSPT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QQQE or RSPT?

RSPT has higher volatility (7.02%) compared to QQQE (3.79%). In terms of maximum drawdown, QQQE dropped -32.14% vs RSPT's -58.91%.

Which ETF is better, QQQE or RSPT?

On 10-year performance, RSPT leads with 22.48% vs 15.49% for QQQE. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQE or RSPT?

Over the 10-year period, RSPT has performed better with a 22.48% return vs 15.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQE or RSPT?

QQQE is cheaper with a 0.35% expense ratio, compared with 0.40% for RSPT.

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

QQQE has the higher dividend yield at 0.52%, compared with 0.25% for RSPT.

What is the main difference between QQQE and RSPT?

QQQE is categorized as Nasdaq-100, while RSPT is Technology Equities. QQQE tracks NASDAQ-100 Equal Weighted Index, while RSPT tracks S&P 500® Information Technology Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.35% for QQQE and 0.40% for RSPT.

Which has better risk-adjusted returns?

RSPT currently has the higher Sharpe Ratio (3.54 vs 2.04), 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.