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Launched · SEC filings

Direxion NASDAQ-100 Equal Weighted Index ETF

QQQENasdaqDirexionC

$115.89−0.40 (−0.34%)

At close: Nov 2, 2026, 4:00 PM ET

C51/ 100

Rank 8 of 10 in Nasdaq-100

C51/100Rank 8 of 10inNasdaq-100
Intraday session: down, 79 prints from 116.29 to 115.89. Range 115.74 to 117.76. Use the arrow keys to read each point.117.00117.5010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$1.46B
1Y total return
+12.9%
Yield · Last 12 months
0.60%
Holdings
102
Avg volume · 30D
175K sh
52W range
low $95.64high $125.00
Launched
Filings
SEC EDGAR

The ETF.net QQQE Grade

C

Score 51 out of 100

Category
Nasdaq-100⁠
Rank
8 of 10
Six-pillar profile for QQQE. Scores out of 100: Cost 17, Risk 68, Mission 72, Tradability 42, Holdings 83, Durability 69. Strongest: Holdings (83). Weakest: Cost (17). Leans toward Holdings.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F17 out of 100
    Rank 9 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A72 out of 100
    Rank 6 of 8

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B68 out of 100
    Rank 2 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 6 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A83 out of 100
    Rank 1 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 3 of 10

Our read on QQQE

ETF.net Research

In short

CThe 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.

Stated mandate

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 Performance

Launched Mar 21, 2012

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

QQQE$11,286
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. QQQE $11,286. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for QQQE. Periods over one year show the average yearly return.
PeriodQQQE
Year to date+14.2%
1 month−3.2%
3 months−0.5%
1 year+12.9%
3 yearsper year+18.6%
5 yearsper year+7.4%
10 yearsper year+14.5%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QQQE
YearReturn barQQQE
2026 YTD+14.2%
2025+14.6%
2024+7.0%
2023+33.8%
2022−24.5%
2021+18.0%
2020+37.8%

QQQE in the news

QQQE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.60%Last 12 months
Payout per share
$0.70Last 12 months
Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 40 payments from 2017 to 2026 YTD. Mar 21, 2017 $0.04; Jun 20, 2017 $0.08; Sep 19, 2017 $0.06; Dec 19, 2017 $0.09; Mar 20, 2018 $0.03; Jun 19, 2018 $0.11; Sep 25, 2018 $0.08; Dec 27, 2018 $0.11; Mar 19, 2019 $0.08; Jun 25, 2019 $0.10; Sep 24, 2019 $0.09; Dec 23, 2019 $0.13; Mar 24, 2020 $0.09; Jun 23, 2020 $0.09; Sep 22, 2020 $0.08; Dec 22, 2020 $0.11; Mar 23, 2021 $0.09; Jun 22, 2021 $0.10; Sep 21, 2021 $0.09; Dec 9, 2021 $2.87; Dec 21, 2021 $0.13; Mar 22, 2022 $0.10; Jun 22, 2022 $0.14; Sep 20, 2022 $0.13; Dec 20, 2022 $0.25; Mar 21, 2023 $0.10; Jun 21, 2023 $0.16; Sep 19, 2023 $0.17; Dec 21, 2023 $0.25; Mar 19, 2024 $0.19; Jun 25, 2024 $0.18; Sep 24, 2024 $0.16; Dec 23, 2024 $0.24; Mar 25, 2025 $0.06; Jun 24, 2025 $0.14; Sep 23, 2025 $0.15; Dec 23, 2025 $0.18; Mar 24, 2026 $0.16; Jun 23, 2026 $0.19; Sep 22, 2026 $0.17. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.17
Jun 23, 2026Jun 30, 2026$0.19
Mar 24, 2026Mar 31, 2026$0.16
Dec 23, 2025Dec 31, 2025$0.18
Sep 23, 2025Sep 30, 2025$0.15
Jun 24, 2025Jul 1, 2025$0.14
Mar 25, 2025Apr 1, 2025$0.06
Dec 23, 2024Dec 31, 2024$0.24
Sep 24, 2024Oct 1, 2024$0.16
Jun 25, 2024Jul 2, 2024$0.18
Mar 19, 2024Mar 26, 2024$0.19
Dec 21, 2023Dec 29, 2023$0.25

See all 58 payments⁠

$10,000 in QQQE 10 years ago paid $2,400 in dividends.⁠

QQQE Risk

Risk pillarB68 out of 100Rank 2 of 10 in Nasdaq-100
How much the fund’s monthly returns vary, scaled to a year.
15.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.92
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−32.1%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.08
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QQQE Cost

Compare QQQE and IQQ

Overpaying vs IQQ, tied cheapest in Nasdaq-100

$5,020

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QQQE 0.35%

    $7,126

  • IQQ 0.10% Tied cheapest

    $2,106

$10,000
30 years

Cost over time

  • QQQE 0.35%
  • IQQ 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530QQQE $7,126IQQ $2,106

Year by year

YearQQQEIQQOverpaying
10$634$183$451
20$2,454$717$1,737
30$7,126$2,106$5,020

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