Direxion NASDAQ-100 Equal Weighted Index ETF
$120.93−0.78 (−0.64%)
- Expense ratio
- 0.35%
- Fund size
- $1.4B
- 1Y return
- +21.1%
- Yield · Last 12 months
- 0.70%
- Holdings
- 103
- Volume · 30D
- 0.2M sh
- NAV per share
- $117.60
- 52W range
The ETF.net QQQE Grade
Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 26Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 75Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 57Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 82Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 69Category rank
Our read on QQQE
BThe Nasdaq-100 with the megacaps turned down. QQQE tracks an equal-weighted version of the index, so all roughly 100 names carry the same slot instead of a handful of giants steering the whole ship.
The fund seeks to track the NASDAQ-100 Equal Weighted Index before fees and expenses.
Why people hold it
- Equal weighting gives each of the roughly 100 Nasdaq-100 names the same slot, so a few trillion-dollar giants don't dominate the outcome.direxion.com
- One job since 2012: track the NASDAQ-100 Equal Weighted Index. Long history, same mandate the whole way.
- A billion-dollar-plus fund that pays quarterly, and its portfolio matches the label it wears.
- Among the stronger implementations in the Nasdaq-100 tracker group, with tight adherence to its stated index.
Worth knowing
- At 0.35% a year, it costs more than cap-weighted Nasdaq-100 trackers like QQQM (0.15%) and QQQ (0.18%). The equal-weight twist is what you're paying up for.
- Equal weight changes the weights, not the roster. Same Nasdaq-100 companies, same growth-and-tech character underneath.
- Moderately traded rather than a volume leader of the category, so spreads can run wider than the largest Nasdaq-100 funds.
QQQE Holdings
- Stocks
- 103
- 12%
- INTC
Sectors
- Technology42.3%
- Consumer Discr.11.8%
- Industrials11.8%
- Health Care9.8%
- Cons. Staples8.1%
- Communication8.1%
- Utilities3.8%
- Energy2.0%
- Financials1.2%
- Materials1.0%
Geography
- United States88.20%
- Netherlands3.59%
- United Kingdom2.88%
- Canada2.31%
- Uruguay1.12%
- Singapore0.95%
- Ireland0.95%
QQQE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
QQQE$12,109
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | QQQE |
|---|---|
| Year to date | +19.5% |
| 1 month | −0.7% |
| 3 months | +0.4% |
| 1 year | +21.1% |
| 3 years | +18.7% |
| 5 years | +9.0% |
| 10 years | +14.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QQQE |
|---|---|---|
| 2026 YTD | +19.5% | |
| 2025 | +14.6% | |
| 2024 | +7.0% | |
| 2023 | +33.8% | |
| 2022 | −24.5% | |
| 2021 | +18.0% | |
| 2020 | +37.8% |
QQQE in the news
QQQE Dividends
- 0.70%
- $0.85
- $0.17 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.17 |
| Jun 23, 2026 | Jun 30, 2026 | $0.19 |
| Mar 24, 2026 | Mar 31, 2026 | $0.16 |
| Dec 23, 2025 | Dec 31, 2025 | $0.18 |
| Sep 23, 2025 | Sep 30, 2025 | $0.15 |
| Jun 24, 2025 | Jul 1, 2025 | $0.14 |
| Mar 25, 2025 | Apr 1, 2025 | $0.06 |
| Dec 23, 2024 | Dec 31, 2024 | $0.24 |
| Sep 24, 2024 | Oct 1, 2024 | $0.16 |
| Jun 25, 2024 | Jul 2, 2024 | $0.18 |
| Mar 19, 2024 | Mar 26, 2024 | $0.19 |
| Dec 21, 2023 | Dec 29, 2023 | $0.25 |
QQQE Risk
- 15.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.79
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −32.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QQQE Cost
0.35%
QQQE0.35%
- The middle half of Nasdaq-100 funds
- Median 0.20%
7 of the 10 Nasdaq-100 funds charge less.