Direxion NASDAQ-100 Equal Weighted Index Fund (QQQE)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
QQQE Chart
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.
Should Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) Be on Your Investing Radar?
Launched on March 21, 2012, the Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
Is Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) a Strong ETF Right Now?
The Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) was launched on 03/21/2012, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Growth category of the market.
Direxion NASDAQ-100 Equal Weighted Index Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 76 | $7,488.28 | $8,990.04 | $1,501.76 | 20.05% |
| PP Philip Perry FLAGSTAR ADVISORS Inc. | 14,485 | $1.27M | $1.73M | $461,738.2 | 36.5% |
 Private Capital Private Capital Management | 15,331 | $1.38M | $1.81M | $435,784.09 | 31.64% |
| YA Yinka Akinsola Blue Trust Inc. | 54 | $5,448.29 | $6,383.88 | $935.59 | 17.17% |
 Jeff Ameen Spire Wealth Management | 464 | $35,158.42 | $55,318.08 | $20,159.66 | 57.34% |
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.
