QQQE vs. XLK
Compare and contrast key facts about Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Technology Select Sector SPDR Fund (XLK).
QQQE and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both QQQE and XLK 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 XLK.
Performance
QQQE vs. XLK - Performance Comparison
Returns By Period
In the year-to-date period, QQQE achieves a 9.27% return, which is significantly lower than XLK's 20.71% return. Over the past 10 years, QQQE has underperformed XLK with an annualized return of 12.59%, while XLK has yielded a comparatively higher 20.26% annualized return.
QQQE
9.27%
0.93%
3.79%
18.86%
13.58%
12.59%
XLK
20.71%
-0.37%
7.81%
26.58%
22.92%
20.26%
Key characteristics
| QQQE | XLK | |
|---|---|---|
| Sharpe Ratio | 1.25 | 1.18 |
| Sortino Ratio | 1.75 | 1.64 |
| Omega Ratio | 1.22 | 1.22 |
| Calmar Ratio | 1.73 | 1.51 |
| Martin Ratio | 6.04 | 5.19 |
| Ulcer Index | 3.01% | 4.92% |
| Daily Std Dev | 14.55% | 21.69% |
| Max Drawdown | -32.14% | -82.05% |
| Current Drawdown | -2.39% | -2.65% |
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QQQE vs. XLK - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is higher than XLK's 0.13% expense ratio.
Correlation
The correlation between QQQE and XLK is 0.86, 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. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.85%, more than XLK's 0.67% 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% |
XLK Technology Select Sector SPDR Fund | 0.67% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
QQQE vs. XLK - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for QQQE and XLK. For additional features, visit the drawdowns tool.
Volatility
QQQE vs. XLK - Volatility Comparison
The current volatility for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is 4.86%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.36%. This indicates that QQQE experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.