QTR vs. QQQE

Last updated Jun 26, 2026

QTR (Global X NASDAQ 100 Tail Risk ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both Nasdaq-100 funds - QTR tracks the NASDAQ-100 Quarterly Protective Put 90 Index while QQQE tracks the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 3 years, QTR returned 21.15%/yr vs 17.83%/yr for QQQE. Their correlation of 0.84 suggests significant overlap in exposure. QTR charges 0.60%/yr vs 0.35%/yr for QQQE.

Performance

QTR vs. QQQE - Performance Comparison

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

Returns By Period

In the year-to-date period, QTR achieves a 13.83% return, which is significantly lower than QQQE's 17.16% return.

QTR

• 1D: 0.52%
• 1M: -1.38%
• YTD: 13.83%
• 6M: 12.15%
• 1Y: 26.85%
• 3Y*: 21.15%
• 5Y*: —
• 10Y*: —

QQQE

• 1D: 0.68%
• 1M: 1.10%
• YTD: 17.16%
• 6M: 15.52%
• 1Y: 24.45%
• 3Y*: 17.83%
• 5Y*: 9.20%
• 10Y*: 16.24%

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

QTR vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QTR Global X NASDAQ 100 Tail Risk ETF	13.83%	14.52%	21.46%	45.53%	-29.94%	4.16%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	17.16%	14.58%	6.98%	33.76%	-24.47%	1.78%

Correlation

The correlation between QTR and QQQE is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021	0.84

The correlation between QTR and QQQE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

QTR vs. QQQE - Sectors Allocation Comparison

Sectors	QTR	QQQE
Technology	59.2%	51.0%
Communication Services	13.2%	8.4%
Consumer Cyclical	10.6%	9.8%
Consumer Defensive	6.8%	7.0%
Healthcare	3.7%	7.8%
Industrials	3.3%	9.3%
Utilities	1.1%	3.4%
Basic Materials	1.1%	0.8%
Energy	0.5%	1.7%
Financial Services	0.2%	0.8%
Real Estate	0.1%	0.7%

Return for Risk

QTR vs. QQQE — Risk / Return Rank

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

QTR

QTR Risk / Return Rank: 53
QTR Sharpe Ratio Rank: 58
QTR Sortino Ratio Rank: 54
QTR Omega Ratio Rank: 55
QTR Calmar Ratio Rank: 50
QTR Martin Ratio Rank: 49

QQQE

QQQE Risk / Return Rank: 54
QQQE Sharpe Ratio Rank: 53
QQQE Sortino Ratio Rank: 50
QQQE Omega Ratio Rank: 50
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 57

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.

QTR vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Tail Risk ETF (QTR) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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.

	QTR	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.58	+0.11
Sortino ratio: Return per unit of downside risk	2.30	2.16	+0.13
Omega ratio: Gain probability vs. loss probability	1.30	1.28	+0.02
Calmar ratio: Return relative to maximum drawdown	2.19	2.61	-0.42
Martin ratio: Return relative to average drawdown	7.32	8.73	-1.41

QTR vs. QQQE - Sharpe Ratio Comparison

The current QTR Sharpe Ratio is 1.69, which is comparable to the QQQE Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of QTR and QQQE, 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

QTR vs. QQQE - Drawdown Comparison

The maximum QTR drawdown since its inception was -31.72%, roughly equal to the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for QTR and QQQE.

Drawdown Indicators

	QTR	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-32.14%	+0.42%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-9.41%	-2.88%
Max Drawdown (3Y) Largest decline over 3 years	-18.99%	-21.38%	+2.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.14%	—
Current Drawdown Current decline from peak	-3.48%	-2.48%	-1.00%
Average Drawdown Average peak-to-trough decline	-8.76%	-5.15%	-3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	2.81%	+0.87%

Volatility

QTR vs. QQQE - Volatility Comparison

Global X NASDAQ 100 Tail Risk ETF (QTR) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) have volatilities of 8.20% and 7.91%, 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.

Volatility by Period

	QTR	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.20%	7.91%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	12.84%	12.70%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	15.93%	15.57%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.34%	20.54%	-2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	20.79%	-2.45%

QTR vs. QQQE - Expense Ratio Comparison

QTR has a 0.60% expense ratio, which is higher than QQQE's 0.35% expense ratio.

Dividends

QTR vs. QQQE - Dividend Comparison

QTR's dividend yield for the trailing twelve months is around 16.49%, more than QQQE's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.57%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%
QTR Global X NASDAQ 100 Tail Risk ETF	16.49%	18.77%	0.50%	0.53%	0.36%	1.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QTR and QQQE in my portfolio?

QTR and QQQE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTR or QQQE?

QTR has higher volatility (8.20%) compared to QQQE (7.91%). In terms of maximum drawdown, QTR dropped -31.72% vs QQQE's -32.14%.

Which ETF is better, QTR or QQQE?

On 3-year performance, QTR leads with 21.15% vs 17.83% for QQQE. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 7.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTR or QQQE?

Over the 3-year period, QTR has performed better with a 21.15% return vs 17.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTR or QQQE?

QQQE is cheaper with a 0.35% expense ratio, compared with 0.60% for QTR.

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

QTR has the higher dividend yield at 16.49%, compared with 0.57% for QQQE.

What is the main difference between QTR and QQQE?

QTR tracks NASDAQ-100 Quarterly Protective Put 90 Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. They also come from different issuers: Global X and Direxion. Their fees differ too: 0.60% for QTR and 0.35% for QQQE.

Which has better risk-adjusted returns?

QTR currently has the higher Sharpe Ratio (1.69 vs 1.58), 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.