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ETFs

Direxion NASDAQ-100 Equal Weighted Index Shares

QQQE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 21 2012
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$7,194,786
AUM
$642,504,272
Associated Index
NASDAQ-100 Equal Weighted Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MRVL
Marvell Technology Inc
1.38%
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NVIDIA Corp
1.35%
ZS
Zscaler Inc
1.28%
DDOG
Datadog Inc - Ordinary Shares - Class A
1.27%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.25%
NFLX
Netflix Inc.
1.22%
ISRG
Intuitive Surgical Inc
1.20%
AVGO
Broadcom Inc
1.17%
TSLA
Tesla Inc
1.16%
CPRT
Copart, Inc.
1.15%
Invest with QQQE

What is QQQE?

The Direxion NASDAQ-100 Equal Weighted Index Shares seeks investment results, before fees and expenses, that track the NASDAQ-100 Equal Weighted Index. he NASDAQ-100 Equal Weighted Index consists of companies in the NASDAQ-100 Index but each of the securities is initially set at a weight of 1.00% of the Index. It is reconstituted once a year in December, but replacements may be made during the year if theres a replacement in the NASDAQ- 100 Index. The index is an equal weighted index and is rebalanced four times annually in March, June, September and December.

ETFs related toQQQE

ETFs correlated to QQQE include QQEW, NULG, MOAT

QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
MOAT
VanEck ETF Trust - VanEck Morningstar Wide Moat ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
TECB
iShares Trust - iShares U.S. Tech Breakthrough Multisector ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
PABU
iShares Trust - iShares Paris-Aligned Climate MSCI USA ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toQQQE

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Category

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Risk Rating

Aggressive

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Category

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Risk Rating

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Create your own algorithmic trading strategy with QQQE using Composer

FAQ

QQQE is a US Equities ETF. The Direxion NASDAQ-100 Equal Weighted Index Shares seeks investment results, before fees and expenses, that track the NASDAQ-100 Equal Weighted Index. he NASDAQ-100 Equal Weighted Index consists of companies in the NASDAQ-100 Index but each of the securities is initially set at a weight of 1.00% of the Index. It is reconstituted once a year in December, but replacements may be made during the year if theres a replacement in the NASDAQ- 100 Index. The index is an equal weighted index and is rebalanced four times annually in March, June, September and December.

QQQE tracks the NASDAQ-100 Equal Weighted Index.

No, QQQE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QQQE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QQQE is 0.0592%. This is the percent change in the value of QQQE over the most recent 1-month period. The 3-month return on QQQE is 0.0973%. This is the percent change in the value of QQQE over the most recent 3-month period.

The standard deviation of QQQE for the past year is 0.2522%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QQQE include QQQ, IJR, and DIA.

ETFs correlated to QQQE include QQEW, NULG, and MOAT.

ETFs that are inversely correlated to QQQE include QID, HIBS, and SQQQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.