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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)
$10,072,701
AUM
$814,847,963
Associated Index
NASDAQ-100 Equal Weighted Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

XEL
Xcel Energy, Inc.
1.06%
AMGN
AMGEN Inc.
1.06%
SGEN
Seagen Inc
1.05%
KHC
Kraft Heinz Co
1.05%
CSX
CSX Corp.
1.04%
BIIB
Biogen Inc
1.04%
SIRI
Sirius XM Holdings Inc
1.04%
ON
ON Semiconductor Corp.
1.04%
ORLY
O`Reilly Automotive, Inc.
1.03%
COST
Costco Wholesale Corp
1.03%
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, QGRO, NULG

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
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
MOAT
VanEck ETF Trust - VanEck Morningstar Wide Moat ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
SFY
Tidal ETF Trust - SoFi Select 500 ETF
CGGR
Capital Group Companies Inc - Capital Group 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

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with QQQE using Composer

News Related to QQQE

EXCLUSIVE: Beyond The Magnificent Seven — Direxion's Egilinsky Reveals Top Sector Picks

Aug 30, 2024 • by Surbhi Jain
EXCLUSIVE: Beyond The Magnificent Seven — Direxion's Egilinsky Reveals Top Sector Picks
Read

EXCLUSIVE: Tech Valuations 'Pricey', Cybersecurity 'Top Of Mind' Ahead Of US Elections

Jul 9, 2024 • by Surbhi Jain
EXCLUSIVE: Tech Valuations 'Pricey', Cybersecurity 'Top Of Mind' Ahead Of US Elections
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Magnificent 7 Or Bust? Chamath Palihapitiya Says Mega-Cap Stocks Approach 'Heady' Valuation — Explains Why So Much Money Sits On Sidelines

Nov 28, 2023 • by Shanthi Rexaline
Magnificent 7 Or Bust? Chamath Palihapitiya Says Mega-Cap Stocks Approach 'Heady' Valuation — Explains Why So Much Money Sits On Sidelines
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Big Tech Woes Drive Nasdaq 100's Worst Session In 2023, Now Approaching Correction Territory

Oct 25, 2023 • by Piero Cingari
Big Tech Woes Drive Nasdaq 100's Worst Session In 2023, Now Approaching Correction Territory
Read

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 -0.006%. This is the percent change in the value of QQQE over the most recent 1-month period. The 3-month return on QQQE is 0.0005%. 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 0.2118%. 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 IVV, MDY, and IJR.

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

ETFs that are inversely correlated to QQQE include HIBS, SPXS, and SDS.

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.