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QQQE - ETF AI Analysis
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Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
Rating:72Outperform
Price Target:―
Positive Factors
Strong Semiconductor Holdings
Many of the top positions are chip and chip-equipment companies that have shown strong gains this year, helping support the fund’s overall results.
Equal-Weight Approach
Each stock has a similar weight, which reduces reliance on a few mega-cap names and spreads company-specific risk more evenly.
Broad Sector Mix
Exposure across technology, industrials, consumer sectors, health care, and others provides diversification across different parts of the economy.
Negative Factors
Tech-Heavy Portfolio
A large share of assets is in technology stocks, which can make the ETF more sensitive to swings in the tech sector.
Recent Flat-to-Weak Short-Term Performance
Returns over the past month and quarter have been slightly negative to flat, suggesting recent momentum has been soft.
Limited International Diversification
With the vast majority of holdings in U.S. companies, the fund offers little geographic diversification outside the United States.
QQQE vs. SPDR S&P 500 ETF (SPY)
AUM1.18B
RegionNorth America
Expense Ratio0.35%
Beta1.08
IssuerDirexion
Inception DateMar 21, 2012
Dividend Yield0.52%
Asset ClassEquity
Index TrackedNASDAQ-100 Equally Weighted Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume212,514
30 Day Avg. Volume225,239
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
124.28Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering101
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QQQE Summary
QQQE is an ETF that follows the NASDAQ-100 Equally Weighted Index, meaning it invests in 100 large U.S. companies but gives each one a similar-sized slice of the fund instead of letting the biggest companies dominate. It holds well-known names like Intel and AMD, and covers many areas such as technology, consumer companies, and healthcare. Someone might invest in QQQE to get diversified exposure to many leading growth companies without being overly concentrated in a few tech giants. A key risk is that it can still rise and fall sharply with the overall stock market and the tech sector.
How much will it cost me?The expense ratio for QQQE is 0.35%, which means you’ll pay $3.50 per year for every $1,000 invested. This is slightly higher than average because QQQE is an equal-weighted fund, which requires more active management compared to passively managed funds that track market-cap weighted indexes.
What would affect this ETF?QQQE’s exposure to technology and consumer sectors positions it to benefit from innovation and growth in these areas, especially as demand for tech products and services continues to rise. However, the fund could face challenges if interest rates increase, as higher borrowing costs can impact growth-focused companies, or if regulatory changes affect major tech firms. Its equal-weighted approach reduces concentration risk but may limit gains during periods when mega-cap stocks outperform.
QQQE Top 10 Holdings
QQQE’s story right now is all about chip and hardware names quietly steering the ship. Micron, Western Digital, Seagate, and Lam Research have been rising, riding the wave of AI and data-center demand, while Applied Materials and ASML are also pulling their weight despite some valuation jitters. Monolithic Power and Analog Devices add to this semiconductor-heavy tilt, making tech the clear star of the show. Baker Hughes and Old Dominion Freight are more like steady supporting actors, and with all holdings U.S.-listed, this is very much a domestically focused growth play.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Micron | 1.61% | $19.08M | $473.78B | 333.20% | 79 Outperform | |
| Western Digital | 1.57% | $18.68M | $100.55B | 315.57% | 77 Outperform | |
| Applied Materials | 1.46% | $17.35M | $293.12B | 118.27% | 77 Outperform | |
| Lam Research | 1.42% | $16.85M | $299.82B | 184.72% | 77 Outperform | |
| ASML Holding | 1.39% | $16.49M | $559.08B | 99.34% | 81 Outperform | |
| Baker Hughes Company | 1.39% | $16.49M | $60.82B | 36.36% | 76 Outperform | |
| Seagate Tech | 1.38% | $16.44M | $92.49B | 307.64% | 68 Neutral | |
| Analog Devices | 1.29% | $15.33M | $169.25B | 48.60% | 78 Outperform | |
| Monolithic Power | 1.28% | $15.22M | $56.93B | 82.14% | 75 Outperform | |
| Old Dominion Freight | 1.28% | $15.16M | $40.53B | 11.64% | 71 Outperform |
QQQE Technical Analysis
Positive
―
Price Trends
103.61
Negative
102.76
Positive
99.83
Positive
Market Momentum
-0.31
Positive
49.92
Neutral
66.17
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QQQE, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 103.44, equal to the 50-day MA of 103.61, and equal to the 200-day MA of 99.83, indicating a neutral trend. The MACD of -0.31 indicates Positive momentum. The RSI at 49.92 is Neutral, neither overbought nor oversold. The STOCH value of 66.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QQQE.
QQQE Peer Comparison
Comparison Results
Performance Comparison
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
103.24
9.07
9.63%
MGC
Vanguard Mega Cap ETF
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PRF
Invesco FTSE RAFI US 1000 ETF
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QQQI
NEOS Nasdaq 100 High Income ETF
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―
―
FTCS
First Trust Capital Strength ETF
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―
―
QYLD
Global X NASDAQ 100 Covered Call ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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