QQQE vs. USMC
Compare and contrast key facts about Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Principal U.S. Mega-Cap ETF (USMC).
QQQE and USMC 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. USMC is a passively managed fund by Principal that tracks the performance of the Nasdaq US Mega Cap Select Leaders Index. It was launched on Oct 12, 2017. Both QQQE and USMC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QQQE vs. USMC - Performance Comparison
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QQQE vs. USMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | -2.88% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 36.43% | -5.40% | 3.80% |
USMC Principal U.S. Mega-Cap ETF | -5.43% | 14.99% | 29.82% | 31.57% | -17.17% | 26.30% | 16.05% | 27.37% | -2.30% | 5.48% |
Returns By Period
In the year-to-date period, QQQE achieves a -2.88% return, which is significantly higher than USMC's -5.43% return.
QQQE
- 1D
- 0.68%
- 1M
- -4.20%
- YTD
- -2.88%
- 6M
- -2.59%
- 1Y
- 13.91%
- 3Y*
- 11.84%
- 5Y*
- 6.34%
- 10Y*
- 13.30%
USMC
- 1D
- 0.65%
- 1M
- -3.50%
- YTD
- -5.43%
- 6M
- -5.18%
- 1Y
- 14.38%
- 3Y*
- 18.94%
- 5Y*
- 13.25%
- 10Y*
- —
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QQQE vs. USMC - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is higher than USMC's 0.12% expense ratio.
Return for Risk
QQQE vs. USMC — Risk / Return Rank
QQQE
USMC
QQQE vs. USMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Principal U.S. Mega-Cap ETF (USMC). 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 | USMC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 0.81 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.28 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.34 | -0.20 |
Martin ratioReturn relative to average drawdown | 4.59 | 4.95 | -0.36 |
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 | USMC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.81 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.81 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.75 | -0.06 |
Correlation
The correlation between QQQE and USMC is 0.85, 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. USMC - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.64%, less than USMC's 0.86% 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% |
USMC Principal U.S. Mega-Cap ETF | 0.86% | 0.79% | 1.04% | 1.35% | 1.78% | 1.53% | 1.55% | 2.01% | 2.28% | 0.24% | 0.00% | 0.00% |
Drawdowns
QQQE vs. USMC - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, which is greater than USMC's maximum drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for QQQE and USMC.
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Drawdown Indicators
| QQQE | USMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.14% | -29.97% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -11.16% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -24.09% | -8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -32.14% | — | — |
Current DrawdownCurrent decline from peak | -6.45% | -7.14% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -4.47% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.02% | +0.14% |
Volatility
QQQE vs. USMC - Volatility Comparison
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a higher volatility of 5.64% compared to Principal U.S. Mega-Cap ETF (USMC) at 5.06%. This indicates that QQQE's price experiences larger fluctuations and is considered to be riskier than USMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQE | USMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 5.06% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.05% | 9.23% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.47% | 17.82% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 16.36% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 18.36% | +2.35% |