ROE vs. QQQE
Compare and contrast key facts about Astoria US Equal Weight Quality Kings ETF (ROE) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
ROE and QQQE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROE is an actively managed fund by Astoria. It was launched on Jul 31, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ROE or QQQE.
Correlation
The correlation between ROE and QQQE is 0.88, 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.
Performance
ROE vs. QQQE - Performance Comparison
Key characteristics
ROE:
1.46
QQQE:
0.86
ROE:
2.05
QQQE:
1.23
ROE:
1.26
QQQE:
1.15
ROE:
2.68
QQQE:
1.21
ROE:
7.22
QQQE:
3.77
ROE:
2.64%
QQQE:
3.37%
ROE:
13.06%
QQQE:
14.86%
ROE:
-11.48%
QQQE:
-32.14%
ROE:
-0.91%
QQQE:
-0.73%
Returns By Period
In the year-to-date period, ROE achieves a 5.03% return, which is significantly lower than QQQE's 8.34% return.
ROE
5.03%
0.31%
7.04%
19.37%
N/A
N/A
QQQE
8.34%
3.79%
10.22%
14.07%
12.51%
12.71%
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ROE vs. QQQE - Expense Ratio Comparison
ROE has a 0.49% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Risk-Adjusted Performance
ROE vs. QQQE — Risk-Adjusted Performance Rank
ROE
QQQE
ROE vs. QQQE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Astoria US Equal Weight Quality Kings ETF (ROE) 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.
Dividends
ROE vs. QQQE - Dividend Comparison
ROE's dividend yield for the trailing twelve months is around 1.12%, more than QQQE's 0.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE Astoria US Equal Weight Quality Kings ETF | 1.12% | 1.18% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.79% | 0.86% | 0.79% | 0.97% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% |
Drawdowns
ROE vs. QQQE - Drawdown Comparison
The maximum ROE drawdown since its inception was -11.48%, smaller than the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for ROE and QQQE. For additional features, visit the drawdowns tool.
Volatility
ROE vs. QQQE - Volatility Comparison
Astoria US Equal Weight Quality Kings ETF (ROE) has a higher volatility of 3.26% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.02%. This indicates that ROE's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.