Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) offers stable exposure to large cap growth stocks

From Nasdaq: 2024-05-06 06:20:06

The Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) ETF offers exposure to the Large Cap Growth segment of the US equity market. It has over $1.19 billion in assets and an expense ratio of 0.35%. The ETF’s heaviest sector allocation is Information Technology at 39.30%, with Nvidia Corp and Meta Platforms Inc among its top holdings.

Large cap growth stocks are stable with higher valuations and volatility than other types of stocks. QQQE seeks to match the performance of the NASDAQ-100 Equal Weighted Index, returning 1.44% this year and 23.97% in the last year. With a beta of 1.05, it’s a medium risk choice with 102 holdings diversifying company-specific risk.

For investors seeking exposure to Large Cap Growth, the QQQE ETF is a good option with a Zacks ETF Rank of 2 (Buy). Other alternatives include Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ), which track similar indexes. QQQE is ideal for long-term investors looking for low costs, transparency, and tax efficiency in their investments.



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