USMC vs. QQQE
Compare and contrast key facts about Principal U.S. Mega-Cap ETF (USMC) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
USMC and QQQE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both USMC and QQQE 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: USMC or QQQE.
Performance
USMC vs. QQQE - Performance Comparison
Returns By Period
In the year-to-date period, USMC achieves a 25.97% return, which is significantly higher than QQQE's 7.98% return.
USMC
25.97%
1.85%
12.84%
32.61%
15.86%
N/A
QQQE
7.98%
-0.44%
3.28%
18.70%
13.20%
12.51%
Key characteristics
| USMC | QQQE | |
|---|---|---|
| Sharpe Ratio | 2.67 | 1.24 |
| Sortino Ratio | 3.58 | 1.75 |
| Omega Ratio | 1.50 | 1.22 |
| Calmar Ratio | 3.86 | 1.73 |
| Martin Ratio | 17.43 | 6.06 |
| Ulcer Index | 1.86% | 2.99% |
| Daily Std Dev | 12.13% | 14.59% |
| Max Drawdown | -29.97% | -32.14% |
| Current Drawdown | -2.03% | -3.54% |
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USMC vs. QQQE - Expense Ratio Comparison
USMC has a 0.12% expense ratio, which is lower than QQQE's 0.35% expense ratio.
Correlation
The correlation between USMC and QQQE 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
USMC vs. QQQE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal U.S. Mega-Cap ETF (USMC) 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
USMC vs. QQQE - Dividend Comparison
USMC's dividend yield for the trailing twelve months is around 1.12%, more than QQQE's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMC Principal U.S. Mega-Cap ETF | 1.12% | 1.35% | 1.78% | 1.53% | 1.56% | 2.04% | 2.27% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.86% | 0.79% | 0.97% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% | 0.38% |
Drawdowns
USMC vs. QQQE - Drawdown Comparison
The maximum USMC drawdown since its inception was -29.97%, smaller than the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for USMC and QQQE. For additional features, visit the drawdowns tool.
Volatility
USMC vs. QQQE - Volatility Comparison
The current volatility for Principal U.S. Mega-Cap ETF (USMC) is 3.98%, while Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a volatility of 4.88%. This indicates that USMC experiences smaller price fluctuations and is considered to be less risky than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.