Direxion NASDAQ-100 Equal Weighted Index Fund (QQQE)
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Should Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) Be on Your Investing Radar?
Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) is a passively managed exchange traded fund launched on March 21, 2012.
Is Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) a Strong ETF Right Now?
The Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) made its debut on 03/21/2012, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Growth category of the market.
QQQE Vs. QQQ: After A 16% Move, Here Is The Smarter Way To Hold The NDX
Direxion NASDAQ-100 Equal Weighted Index ETF remains a buy over Invesco QQQ ETF, which is rated hold, due to defensive and uncorrelated exposure. QQQE's recent outperformance was driven by mid-tier growth, biotech, and lower hyperscaler concentration, despite a market regime that did not favor defensiveness. QQQ's concentrated semis exposure, especially in Micron and Nvidia, raises drawdown risks and lacks the natural rebalancing discipline of QQQE.
Direxion NASDAQ-100 Equal Weighted Index Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 53,865 | $6.57M | $6.57M | -$470.14 | -0.01% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 77 | $7,610.35 | $9,421.72 | $1,811.37 | 23.8% |
| NA Nizar Araji National Bank Of Canada /FI/ | 839 | $75,212.8 | $102,359.09 | $27,146.29 | 36.09% |
| MN Marcia Nakamura Fairview Capital Investment Management LLC | 2,765 | $272,435 | $344,623.79 | $72,188.79 | 26.5% |
| PP Philip Perry FLAGSTAR ADVISORS Inc. | 9,583 | $850,258.22 | $1.12M | $271,912.04 | 31.98% |
Direxion NASDAQ-100 Equal Weighted Index Fund (QQQE) FAQ
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Has Direxion NASDAQ-100 Equal Weighted Index Fund ever had a stock split?
Direxion NASDAQ-100 Equal Weighted Index Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is an investment vehicle that primarily focuses on replicating the performance of the NASDAQ-100 Index®, but with a distinct approach by equal weighting the index components. This strategy targets at least 80% of its assets to be invested in securities that are either part of the index or possess similar economic characteristics to those securities. The NASDAQ-100 Index® is renowned for representing approximately 100 of the largest non-financial domestic and international companies listed on the NASDAQ® Stock Market, based on market capitalization. However, it is important to note that the fund is classified as non-diversified, concentrating its investments more narrowly than diversified funds.
Products and Services
The main product offered by the fund is its investment portfolio, which is structured around the unique equal-weighted version of the NASDAQ-100 Index®. Below is a detailed overview of this offering:
- Equal Weighted NASDAQ-100 Index® Investment Strategy
This approach to investment seeks to replicate the performance of the equal weighted version of the NASDAQ-100 Index®. By allocating assets equally among the approximated 100 large-cap domestic and international non-financial companies that form the index, the strategy endeavors to provide a distinct return profile compared to the market capitalization-weighted indexes. The focus on equal weighting allows for potential overperformance compared to the conventional index, especially if smaller companies within the index outperform their larger counterparts.
