Direxion NASDAQ-100 Equal Weighted Index ETF
$120.45−0.48 (−0.40%)
- 0.35%
- $1.5B
- +22.0%
- 0.58%
- 0.2M sh
- $121.94
- low $95.64high $125.00
The ETF.net QQQE Grade
C
Score 54 out of 100
- 7 of 10
Score 54 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.D26 out of 100Rank 8 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A75 out of 100Rank 6 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 3 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C45 out of 100Rank 5 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A83 out of 100Rank 1 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B69 out of 100Rank 3 of 10
Our read on QQQE
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.
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
- 102
- 12%
- MRVL
Sectors
- Technology45.4%
- Industrials12.2%
- Consumer Discretionary10.2%
- Communication9.0%
- Health Care8.9%
- Consumer Staples6.6%
- Utilities3.8%
- Energy1.8%
- Financials1.0%
- Materials1.0%
Geography
- United States88.98%
- Netherlands3.96%
- United Kingdom3.03%
- Canada2.10%
- Uruguay0.97%
- Ireland0.96%
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$12,198
Returns run to the Oct 12, 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 | +18.7% |
| 1 month | +2.4% |
| 3 months | +0.4% |
| 1 year | +22.0% |
| 3 years | +17.7% |
| 5 years | +9.5% |
| 10 years | +15.0% |
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 | +18.7% | |
| 2025 | +14.6% | |
| 2024 | +7.0% | |
| 2023 | +33.8% | |
| 2022 | −24.5% | |
| 2021 | +18.0% | |
| 2020 | +37.8% |
QQQE in the news
QQQE Dividends
- 0.58%
- $0.70
- $0.17 per share
- Quarterly
Distribution history
QQQE Risk
- 15.2%
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.
- 0.87
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.
- 1.08
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.
Other funds in Nasdaq-100
- BQQMGInvesco ESG NASDAQ 100 ETFExpense ratio 0.20%1 year return +28.4%
- CQNXTiShares Nasdaq-100 ex Top 30 ETFExpense ratio 0.20%1 year return +15.5%
- BQTOPiShares Nasdaq Top 30 Stocks ETFExpense ratio 0.20%1 year return +29.3%
- DQBIGInvesco Top QQQ ETFExpense ratio 0.38%1 year return +16.4%
- DQQQAProShares Nasdaq-100 Dorsey Wright Momentum ETFExpense ratio 0.58%1 year return +52.4%