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Non-Leveraged ETFs

Direxion NASDAQ-100 Equal Weighted Index Shares

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

QQQE

NAV (Net Asset Value)$83.52As of Apr 18, 2024
1 Day NAV change$-0.49(-0.58%)As of Apr 18, 2024
Intra-day Value
QQQE.IV
Daily NAV
$83.52
Daily Market Price
$83.53
Expense Ratio
(gross/net %)
0.35 / 0.35*
Daily Volume
408,973
Security Identifier
25459Y207
Inception Date
Mar 21, 2012

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
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  • 02/01/2024
    Nasdaq-100 Equal Weighted Index: Another Tactical Opportunity at Hand?
    Download PDF Report

Documents & Downloads

Benefits & Strategy

Index Construction

  • Compared to market cap weighting, equal weighting may allow for greater performance contribution from companies with smaller market-capitalization1.
  • Broader diversification across market segments may help reduce concentration risk and result in more balanced exposure across constituents and sectors.
  • Quarterly rebalancing maintains consistency of equal weightings 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.

Pricing & Performance

NAV and Market Price information as of 04/18/2024.

QQQE Direxion NASDAQ-100 Equal Weighted Index Shares
Net Asset Value (NAV)
$83.52Nav
$-0.49Change
-0.58%Change
Market Price Closing
$83.53Market
$-0.44Change
-0.52%Change
Premium / Discount
$+0.01Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
QQQE NAV
1.14
5.69
5.69
24.13
7.12
14.88
13.75
14.54
0.35 / 0.35*
03/21/2012
QQQE Market Close
1.25
5.61
5.61
24.11
7.11
14.91
13.75
14.54
0.35 / 0.35*
03/21/2012

As of March 31, 2024

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. For the most recent month-end performance please visit the funds website at direxion.com.

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.

Index Information

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 invest directly in an index.

Below is a comparison of the sectors of the NASDAQ-100 Equal Weighted Index (NETR) to the NASDAQ-100 (XNDX)2. All holdings and sector weightings are as of 03/31/2024.

Sector Weightings %

NETR XNDX2 Difference
Information Technology 37.05 49.78 -12.73
Communication Services 10.95 15.50 -4.55
Consumer Discretionary 11.80 12.99 -1.19
Consumer Staples 9.01 6.43 2.58
Healthcare 11.97 6.29 5.68
Industrials 10.08 4.84 5.24
Materials 0.97 1.62 -0.65
Utilities 4.12 1.24 2.88
Financials 1.04 0.52 0.52
Energy 2.03 0.50 1.53

Top 10 Holdings %

NETR XNDX
Microsoft 1.00 8.75
Apple 1.00 7.41
Nvidia 1.00 6.32
Amazon.Com Inc 1.00 5.25
Alphabet Inc 1.00 4.91
Meta Platforms 1.00 4.76
Broadcom Limited 1.00 4.44
Tesla 1.00 2.37
Costco Wholesale 1.00 2.35
Advanced Micro Devices Inc 1.00 2.11

Bottom 10 Holdings %

NETR XNDX
Xcel Energy 1.00 0.22
Dollar Tree 1.00 0.21
Zscaler Inc 1.00 0.21
Globalfoundries 1.00 0.21
Mongodb Inc 1.00 0.19
Take Two 1.00 0.18
Illumina 1.00 0.16
Warner Bros. Discovery 1.00 0.15
Walgreens Boots Alliance Inc 1.00 0.14
Sirius XM Holdings Inc 1.00 0.11

Source: SOLA. All holdings weightings are as of 03/31/2024 and are subject to change.

Index Calendar Year 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 2023
NETR 15.45 40.99 19.84 2.89 7.65 26.78 -4.61 36.65 38.19 18.45 -24.31 34.01
XNDX 18.35 36.92 19.40 9.75 7.27 32.99 0.04 39.46 48.88 27.51 -32.38 55.13

Index data as of 03/31/2024. 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.

2The Nasdaq 100 Index (XNDX) 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.

 

Index Top Ten Holdings

% of Total
Micron Technology
1.23%
The Trade Desk
1.11%
Constellation Energy Corp
1.09%
Cintas
1.07%
Illumina
1.05%
Tesla
1.05%
The Kraft Heinz Company
1.05%
Broadcom Limited
1.05%
LAM Research
1.04%
Paypal Holdings
1.04%

Index Sector Weightings

% of Total
Information Technology
37.05%
Health Care
11.97%
Consumer Discretionary
11.80%
Communication Services
10.95%
Industrials
10.08%
Consumer Staples
9.01%
Utilities
4.12%
Energy
2.03%
Financials
1.04%
Real Estate
0.99%
Materials
0.97%
Index data as of 03/31/2024. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
03/20/202403/19/202403/26/20240.19073
12/22/202312/21/202312/29/20230.24573
09/20/202309/19/202309/26/20230.16518
06/22/202306/21/202306/28/20230.15895
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.19073
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.24573
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.16518
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.15895
Short-Term Capital Gain
Long-Term Capital Gain

Documents

Tax Documents

Download the following Tax Reporting Documents

UK Income Reporting

2023 | 2022

How to Buy

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees. If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

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