IQQ vs QQQE: Grades, Fees and Holdings Compared

iShares Nasdaq 100 ETF

IQQANasdaq

Direxion NASDAQ-100 Equal Weighted Index ETF

QQQECNasdaq

Overlap

53.3%by weight

Expense ratio

IQQ −0.25pt a year

IQQ0.10%QQQE0.35%

Avg volume · 30D

IQQ 6.2×the volume

IQQ1.08MQQQE175K

IQQ vs QQQE Performance

Jul 31, 2026 – Oct 30, 2026

+0.5%IQQ−0.5%QQQE

Expense ratio: IQQ 0.10%, better; QQQE 0.35%
Fund size: IQQ $743M; QQQE $1.46B
1Y total return: IQQ No data; QQQE +12.9%
Yield (12M): IQQ No data; QQQE 0.60%
Holdings: IQQ 104; QQQE 102
Avg volume (30D): IQQ 1.08M sh, better; QQQE 175K sh
NAV per share: IQQ $23.36; QQQE $119.16
52W range

ETF.net Grade

Pillar letters and Scores for IQQ, QQQE, with each pillar’s weight
Pillar	IQQ	QQQE
Cost30% weight	A88Higher	F17
Mission25% weight	Not scored	A72
Risk15% weight	C49	B68Higher
Tradability15% weight	B65Higher	C42
Holdings10% weight	B61	A83Higher
Durability5% weight	B60	B69Higher

Rank among Nasdaq-100 funds

How we build Categories ›

Same Category. IQQ and QQQE are both graded against the same 10 Nasdaq-100 funds, so their Grades compare head to head.

Nasdaq-100⁠

Category · 10 funds

See all 10 ›

IQQ ranks 3rd and QQQE 8th of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 76
Rank 3AIQQiShares Nasdaq 100 ETFScore 70
Rank 4BQNDXState Street SPDR Portfolio Nasdaq 100 ETFScore 67
Rank 7CQTOPiShares Nasdaq Top 30 Stocks ETFScore 52
Rank 8CQQQEDirexion NASDAQ-100 Equal Weighted Index ETFScore 51
Rank 9DQBIGInvesco Top QQQ ETFScore 37

Our read on each fund

ETF.net Research

IQQAiShares Nasdaq 100 ETF

QQQECDirexion NASDAQ-100 Equal Weighted Index ETF

In short

IQQ No data

QQQE The 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

IQQ No data

QQQE The fund seeks to track the NASDAQ-100 Equal Weighted Index before fees and expenses.

Why people hold it

IQQ No data

QQQE 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

IQQ No data

QQQE 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.

Full IQQ profile⁠

Full QQQE profile⁠

IQQ vs QQQE Holdings

How IQQ and QQQE differ

Overlap by weight

53.3%

Shared holdings make up 100% of QQQE and 99.9% of IQQ.

Level by level

Holdings101 in both53.3%
Countryby domicile95.6%
Asset classEquity100%

Sector

No Sector split for IQQ.

Country, concentration and asset class

Country by domicile

Country weights in IQQ and QQQE, widest gap first
Country	More in IQQMore in QQQE	IQQ	QQQE
United States	IQQ +4.4 points	97.3%	92.9%
Canada	QQQE +1.2 points	1.1%	2.3%
Netherlands	QQQE +1.1 points	0.9%	2.0%
United Kingdom	QQQE +0.8 points	0.2%	1.0%
China	QQQE +0.8 points	0.2%	1.0%
Brazil	QQQE +0.5 points	0.4%	0.9%

Concentration

Weight in the 10 largest Holdings

IQQ46.6%
QQQE12.0%

Securities held

IQQ101
QQQE101

Asset class

IQQ: Equity
QQQE: Equity

Holdings

Only in IQQ0
In both101
Only in QQQE0

Only in IQQ

0 securities, 0.0% of IQQ by weight

Only in QQQE

0 securities, 0.0% of QQQE by weight

Weight gaps

The 100 widest of 101 Holdings in both funds.

Holding weights in IQQ and QQQE, widest gap first
Holding	More in IQQMore in QQQE	IQQ	QQQE
AppleAAPL	IQQ +7.06 points	8.18%	1.12%
NVIDIANVDA	IQQ +7.03 points	8.01%	0.98%
MicrosoftMSFT	IQQ +5.24 points	6.30%	1.06%
Micron TechnologyMU	IQQ +3.49 points	4.48%	0.99%
Amazon.com IncAMZN	IQQ +3.26 points	4.21%	0.95%
Advanced Micro DevicesAMD	IQQ +2.47 points	3.69%	1.22%
Tesla IncTSLA	IQQ +2.31 points	3.42%	1.11%
Alphabet Class AGOOGL	IQQ +2.25 points	2.67%	0.42%
Alphabet Class CGOOG	IQQ +2.07 points	2.50%	0.43%
Meta Platforms Class AMETA	IQQ +1.86 points	2.97%	1.11%
Space Exploration Technologies CorSPCX	IQQ +1.57 points	2.59%	1.02%
Broadcom IncAVGO	IQQ +1.57 points	2.52%	0.95%
WalmartWMT	IQQ +1.53 points	2.70%	1.17%
Costco Wholesale CorpCOST	IQQ +0.95 points	2.02%	1.07%
Ge Healthcare TechnologiesGEHC	QQQE +0.93 points	0.16%	1.09%
Microchip Technology IncMCHP	QQQE +0.93 points	0.19%	1.12%
Nxp Semiconductors NVNXPI	QQQE +0.91 points	0.29%	1.20%
Keurig Dr Pepper IncKDP	QQQE +0.90 points	0.22%	1.12%
Thomson Reuters CorpTRI	QQQE +0.90 points	0.20%	1.10%
PayPal HoldingsPYPL	QQQE +0.88 points	0.22%	1.10%
ModernaMRNA	QQQE +0.87 points	0.40%	1.27%
Roper TechnologiesROP	QQQE +0.87 points	0.20%	1.07%
Strategy Inc Class AMSTR	QQQE +0.87 points	0.21%	1.08%
Idexx LaboratoriesIDXX	QQQE +0.86 points	0.19%	1.05%
Exelon CorpEXC	QQQE +0.86 points	0.21%	1.07%
Cisco Systems IncCSCO	IQQ +0.85 points	1.85%	1.00%
Xcel Energy IncXEL	QQQE +0.84 points	0.22%	1.06%
Workday Class AWDAY	QQQE +0.83 points	0.17%	1.00%
Palantir Technologies Class APLTR	IQQ +0.83 points	1.90%	1.07%
Coca Cola Europacific Partners PLCCCEP	QQQE +0.82 points	0.22%	1.04%
FastenalFAST	QQQE +0.81 points	0.27%	1.08%
Honeywell Aerospace IncHONA	QQQE +0.81 points	0.22%	1.03%
Ferrovial NVFER	QQQE +0.81 points	0.18%	0.99%
Astera LabsALAB	QQQE +0.79 points	0.20%	0.99%
Rocket Lab CorpRKLB	QQQE +0.79 points	0.15%	0.94%
Datadog Inc Class ADDOG	QQQE +0.79 points	0.35%	1.14%
Copart IncCPRT	QQQE +0.78 points	0.13%	0.91%
Diamondback EnergyFANG	QQQE +0.77 points	0.27%	1.04%
American Electric Power IncAEP	QQQE +0.75 points	0.32%	1.07%
Dexcom IncDXCM	QQQE +0.75 points	0.14%	0.89%
Honeywell International IncHON	QQQE +0.75 points	0.31%	1.06%
Take Two Interactive SoftwareTTWO	QQQE +0.73 points	0.16%	0.89%
SynopsysSNPS	QQQE +0.73 points	0.40%	1.13%
Pdd Holdings AdsPDD	QQQE +0.72 points	0.24%	0.96%
Marriott International Class AMAR	QQQE +0.72 points	0.47%	1.19%
AutodeskADSK	QQQE +0.71 points	0.24%	0.95%
Old Dominion Freight LineODFL	QQQE +0.71 points	0.16%	0.87%
Ross Stores IncROST	QQQE +0.71 points	0.32%	1.03%
CintasCTAS	QQQE +0.70 points	0.40%	1.10%
Monolithic Power Systems IncMPWR	QQQE +0.70 points	0.26%	0.96%
PaychexPAYX	QQQE +0.69 points	0.18%	0.87%
Oreilly Automotive IncORLY	QQQE +0.69 points	0.32%	1.01%
Nebius NV Class ANBIS	QQQE +0.69 points	0.16%	0.85%
Lumentum HoldingsLITE	QQQE +0.68 points	0.34%	1.02%
TeradyneTER	QQQE +0.66 points	0.20%	0.86%
Mondelez International Class AMDLZ	QQQE +0.65 points	0.37%	1.02%
Axon EnterpriseAXON	QQQE +0.63 points	0.15%	0.78%
Alnylam PharmaceuticalsALNY	QQQE +0.63 points	0.10%	0.73%
Regeneron PharmaceuticalsREGN	QQQE +0.63 points	0.41%	1.04%
Baker Hughes Class ABKR	QQQE +0.62 points	0.25%	0.87%
CsxCSX	QQQE +0.62 points	0.43%	1.05%
Coreweave Class ACRWV	QQQE +0.62 points	0.11%	0.73%
Cadence Design SystemsCDNS	QQQE +0.62 points	0.41%	1.03%
Airbnb Class AABNB	QQQE +0.61 points	0.31%	0.92%
Monster BeverageMNST	QQQE +0.60 points	0.42%	1.02%
Paccar IncPCAR	QQQE +0.60 points	0.24%	0.84%
Arm Holdings American Depositary’sARM	QQQE +0.56 points	0.40%	0.96%
Constellation Energy CorpCEG	QQQE +0.56 points	0.42%	0.98%
IntuitINTU	QQQE +0.53 points	0.41%	0.94%
Intuitive SurgicalISRG	QQQE +0.52 points	0.69%	1.21%
Applovin Class AAPP	QQQE +0.52 points	0.31%	0.83%
MercadolibreMELI	QQQE +0.51 points	0.36%	0.87%
Intel CorporationINTC	IQQ +0.51 points	1.55%	1.04%
Automatic Data Processing IncADP	QQQE +0.48 points	0.53%	1.01%
Comcast Class ACMCSA	QQQE +0.48 points	0.37%	0.85%
Lam ResearchLRCX	IQQ +0.48 points	1.34%	0.86%
Starbucks CorpSBUX	QQQE +0.48 points	0.53%	1.01%
Doordash Class ADASH	QQQE +0.45 points	0.33%	0.78%
Applied Material IncAMAT	IQQ +0.45 points	1.38%	0.93%
Adobe IncADBE	QQQE +0.41 points	0.45%	0.86%
NetflixNFLX	IQQ +0.38 points	1.16%	0.78%
FortinetFTNT	QQQE +0.38 points	0.45%	0.83%
Vertex PharmaceuticalsVRTX	QQQE +0.37 points	0.64%	1.01%
Asml Holding Adr RepresentingASML	QQQE +0.33 points	0.67%	1.00%
QualcommQCOM	QQQE +0.32 points	0.78%	1.10%
Palo Alto NetworksPANW	IQQ +0.32 points	1.33%	1.01%
Analog DevicesADI	QQQE +0.31 points	0.90%	1.21%
Western Digital CorpWDC	QQQE +0.30 points	0.59%	0.89%
Shopify Subordinate Voting Class ASHOP	QQQE +0.29 points	0.86%	1.15%
Marvell TechnologyMRVL	QQQE +0.27 points	0.78%	1.05%
Booking HoldingsBKNG	QQQE +0.27 points	0.50%	0.77%
Seagate Technology Holdings PLCSTX	QQQE +0.20 points	0.66%	0.86%
Gilead SciencesGILD	QQQE +0.20 points	0.95%	1.15%
PepsicoPEP	QQQE +0.13 points	0.84%	0.97%
SandiskSNDK	QQQE +0.11 points	0.75%	0.86%
T Mobile Us IncTMUS	QQQE +0.08 points	0.75%	0.83%
Amgen IncAMGN	IQQ +0.05 points	1.14%	1.09%
KlaKLAC	QQQE +0.04 points	0.93%	0.97%
Linde PLCLIN	IQQ +0.01 points	1.05%	1.04%
Texas InstrumentTXN	IQQ +0.01 points	1.23%	1.22%

All 101 IQQ holdings⁠All 103 QQQE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IQQ vs QQQE Cost

Overpaying QQQE vs IQQ

$5,020

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

IQQ 0.10%
$2,106
QQQE 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

IQQ 0.10%
QQQE 0.35%
Overpaying

Year by year

Year	IQQ	QQQE	Overpaying
10	$183	$634	$451
20	$717	$2,454	$1,737
30	$2,106	$7,126	$5,020

Expense ratio

0.10%IQQ, cheaper
0.35%QQQE

IQQ0.10%QQQE0.35%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

IQQ cheapest of 10 funds

QQQE 9th cheapest of 10 funds

IQQ vs QQQE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IQQ No data; QQQE 0.60%
Payout (12M): IQQ No data; QQQE $0.70
Last payment: IQQ $0.02; QQQE $0.17
Ex-dividend: IQQ Sep 15, 2026; QQQE Sep 22, 2026
Paid on: IQQ Sep 18, 2026; QQQE Sep 29, 2026
Frequency: IQQ Irregular; QQQE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IQQIrregular · 1 paymentAll IQQ payments⁠

QQQEQuarterly · 40 paymentsAll QQQE payments⁠

IQQ vs QQQE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IQQ No dataQQQE 15.0%
Return per unit of riskSharpe ratio, 3 years: IQQ No dataQQQE 0.92
Worst fallMax drawdown, 5 years: IQQ No dataQQQE −32.1%
Market sensitivityBeta, 5 years: IQQ 1.94QQQE 1.08; Market = 1

IQQ and QQQE in the news

All news⁠

Closing Bell
Brent tops $100 after U.S. tanker strikes as stocks fall for a third day
Sep 9, 2026QQQE

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IQQ vs QQQE

In short

Stated mandate

Why people hold it

Worth knowing

How IQQ and QQQE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IQQ

Only in QQQE

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Brent tops $100 after U.S. tanker strikes as stocks fall for a third day

How IQQ and QQQE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IQQ

Only in QQQE

Weight gaps