Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) ETF performs well with tech holdings.

From Nasdaq: 2024-06-27 06:20:06

The Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) ETF offers exposure to Large Cap Growth stocks. Investors can choose market cap indexes for market returns or smart beta indexes for potential outperformance. QQQE tracks the NASDAQ-100 Equal Weighted Index, with top holdings in tech companies like Nvidia and Meta Platforms. The fund has gained 5.23% year-to-date and 19.80% over the last 12 months.

Managed by Direxion, QQQE has over $1.24 billion in assets and an expense ratio of 0.35%. It includes companies from the NASDAQ-100 Index with equal weighting. Sector allocation is highest in Information Technology, and the top 10 holdings make up 12.84% of assets. Performance indicates medium risk with a beta of 1.03.

Investors can consider alternatives like Vanguard Growth ETF (VUG) with lower expense ratios. QQQE competes with Invesco QQQ (QQQ), which tracks the NASDAQ-100 Index. For a low-risk option, traditional market cap weighted ETFs are also available. Consider diversifying your investments based on your objectives and risk tolerance when choosing ETFs.



Read more at Nasdaq: Is Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) a Strong ETF Right Now?