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Strategic Weight ETFs

QQQE

The Direxion NASDAQ-100® Equal Weighted Index Shares seeks investment results, before fees and expenses, that track the NASDAQ-100 Equal Weighted TR Index. There is no guarantee the fund will meet its stated investment objective.

Overview

Documents & Downloads

Benefits & Strategy

QQQE provides equal-weight exposure to all NASDAQ-100® Index holdings, allowing you an opportunity to manage risk in your portfolio through:

  • Broader diversification beyond technology sector stocks which may help reduce concentration risk
  • Greater performance contribution from companies with smaller market capitalization1
  • Quarterly rebalancing for consistent equal-weighting, after regular market fluctuations

1Market Capitalization is the total dollar market value of all of a company’s outstanding shares, and is calculated by multiplying a company’s shares outstanding by the current market price of one share.

The Strategy at Work

Performance contribution in market weighted indexes such as the S&P 500 Index or NASDAQ-100 Index is typically driven by a small number of very large companies with market caps that are considerably higher than the average. Most of the other stocks in the index are typically below the average weight of the index.

By contrast the NASDAQ-100 Equal Weighted Index allots the same weight, or importance, to each stock in the index. The result is a potentially more diversified performance contribution from the individual companies, and sectors that are in the index.


Target Index

The NASDAQ 100® Equal Weighted Index (NETR) includes 100 of the largest non-financial securities listed on NASDAQ®, but instead of being weighted by market capitalization, each of the constituents is initially set at 1.00%. The index is reviewed and adjusted annually in December, but replacements may be made any time throughout the year. The index is rebalanced quarterly in March, June, September and December. One cannot directly invest in an index.

Sector Weightings% XNDX NETR Difference
Information Technology 48.36 41.63 -6.73
Communication Services 19.72 13.69 -6.03
Consumer Discretionary 17.10 15.06 -2.04
Health Care 7.25 14.78 7.53
Consumer Staples 4.89 5.87 0.98
Industrials 2.01 7.03 5.02
Utilities 0.66 1.93 1.27
Index Top Ten Holdings % XNDX NETR
Apple 1.00 12.06
Microsoft 1.00 11.77
Amazon.com 1.00 10.5
Facebook – Class A 1.00 4.16
Alphabet Inc – Class A 1.00 3.72
Alphabet Inc – Class C 1.00 3.62
Intel 1.00 2.46
Nvidia 1.00 2.27
Adobe 1.00 2.04
PayPal 1.00 1.99
Index Bottom Ten Holdings % XNDX NETR
Liberty Global – Class A 1.00 0.04
Fox Corp – Class B 1.00 0.07
Liberty Global – Class C 1.00 0.09
Fox Corp – Class A 1.00 0.09
Netapp 1.00 0.10
Expedia 1.00 0.11
Ulta Beauty 1.00 0.11
Western Digital 1.00 0.13
Trip.com 1.00 0.13
Check Point Software 1.00 0.15
Index Calendar Year Returns – Comparing the NASDAQ-100® Equal Weighted TR Index (NETR) to the NASDAQ-100 (XNDX)
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
NETR Index 21.98 -2.10 15.45 40.99 19.84 2.89 7.28 26.43 -4.96 36.30
XNDX Index 20.14 3.66 18.35 36.92 19.40 9.75 6.90 32.64 -0.31 39.11

Index data as of 6/30/2020. Top holdings are subject to change.

The Nasdaq 100 Index is composed of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange. This index includes companies from a broad range of industries with the exception of those that operate in the financial industry, such as banks and investment companies.

Watch The Video

Take a few seconds to learn about QQQE.


Pricing & Performance

NAV and Market Price information as of Invalid date. Line chart shows pricing trend over the last 30 days. The Primary Listing Exchange is the NYSE Arca, Inc.




Distributions

Tax Reporting

Supplemental Tax Documents