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Non-Leveraged 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.

NAVas of Jun 08, 2023
1 Day NAV Changeas of Jun 08, 2023
$74.54
$0.69(0.93 %)

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Overview

Fund Information

Fund SymbolIntra-day ValueBenchmark IndexSecurity IdentifierExpense Ratio (gross/net %)Inception Date
QQQEQQQE.IVNETR25459Y2070.35 / 0.35*Mar 21, 2012

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 %

NETR XNDX Difference
Information Technology 35.11 49.44 -14.34
Communication Services 10.05 16.27 -6.21
Consumer Discretionary 15.26 14.96 0.30
Financials 1.97 1.20 0.78
Energy 2.05 0.41 1.64
Consumer Staples 7.85 5.96 1.89
Utilities 3.81 1.15 2.66
Industrials 10.94 4.35 6.59
Health Care 12.94 6.25 6.69

Top 10 Holdings %

NETR XNDX
Microsoft 1.00 12.57
Apple 1.00 12.34
Alphabet – Class A and C 1.00 7.35
Amazon.com 1.00  6.22
Nvidia 1.00 5.23
Tesla 1.00 3.86
Meta Platforms 1.00 3.60
Broadcom Limited 1.00 2.04
Pepsico 1.00 1.92
Costco Wholesale 1.00 1.68

Bottom 10 Holdings %

NETR XNDX
Align Technology 1.00 0.20
Diamondback Energy 1.00 0.19
eBay 1.00 0.18
Datadog 1.00 0.16
JD.Com 1.00 0.15
Zoom Video Communications 1.00 0.14
Zscaler 1.00 0.13
Sirius XM 1.00 0.12
Lucid Group 1.00 0.11
Rivian Automotive 1.00 0.11

Index Calendar Yea Returns % – Comparing the NASDAQ-100® Equal Weighted Index (NETR) to the NASDAQ-100® (XNDX)

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
NETR 15.45 40.99 19.84 2.89 7.28 26.43 -4.96 36.30 38.19 18.45 -24.37
XNDX 18.35 36.92 19.40 9.75 6.90 32.64 -0.31 39.11 48.88 27.51 -32.46

Index data as of 3/31/2023. 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.

 

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Pricing & Performance

NAV and Market Price information as of June 08, 2023. Line chart shows pricing trend over the last 30 days.

Net asset value (NAV)
  • 74.54
    NAV $
  • 0.69
    Change $
  • 0.93
    Change %
Market price closing
  • 74.57
    Market $
  • 0.70
    Change $
  • 0.95
    Change %
Premium / Discount
0.03
monthly1M %3M %YTD %1Y %3Y %5Y %10Y %Since InceptionInception DateExpense Ratio*
(Gross / Net %)
NAV3.04 5.96 14.74 7.79 10.53 11.91 13.71 13.57 03/21/20120.35 / 0.35*
Market Close3.17 5.94 14.75 7.81 10.53 11.92 13.66 13.58
As of May 31, 2023
quarterly1M %3M %YTD %1Y %3Y %5Y %10Y %Since InceptionInception DateExpense Ratio*
(Gross / Net %)
NAV5.13 13.85 13.85 -5.21 18.15 12.13 14.17 13.71 03/21/20120.35 / 0.35*
Market Close5.09 13.83 13.83 -5.29 18.12 12.10 14.20 13.71
NETR5.17 13.94 13.94 -5.00 18.56 12.49 14.57 14.16 -
As of March 31, 2023
The Primary Listing Exchange is the NASDAQ.

* The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Services Agreement with the Fund. Under this Operating Services Agreement, Rafferty has contractually agreed to pay all expenses of the Fund as long as it is the advisor of the Fund other than the following: management fees, Rule 12b-1 distribution and/or service fees, taxes, swap financing and related costs, dividends or interest on short positions, other interest expenses, brokerage commissions, expenses incurred in connection with any merger or reorganization, acquired fund fees and expenses, and extraordinary expenses. If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.


Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
03/22/202303/21/2023 03/28/2023 0.10239
12/21/202212/20/2022 12/28/2022 0.25014
09/21/202209/20/2022 09/27/2022 0.12895
06/23/202206/22/2022 06/29/2022 0.13982
03/23/202203/22/2022 03/29/2022 0.10345
12/22/202112/21/2021 12/29/2021 0.12751
12/10/202112/09/2021 12/16/2021 0.000002.649380.21793
09/22/202109/21/2021 09/28/2021 0.09012
06/23/202106/22/2021 06/29/2021 0.09672

Tax Documents

Download the following Tax Reporting Documents

  • Ordinary Income from U.S. Government Obligations (2016)
  • UK Income Reporting (2022)