QQQE - ETF AI Analysis
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Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
Rating:71Outperform
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains so far this year, showing that its overall mix of stocks has been working well for investors.
Equal-Weighted Top Holdings
Each of the top holdings makes up a similar, small slice of the fund, which helps avoid over-reliance on any single stock.
Broad Sector Diversification
The fund spreads its investments across many sectors, with meaningful exposure to technology, consumer, industrial, and health care companies, helping reduce the impact if one area of the market struggles.
Negative Factors
Heavy U.S. Concentration
Almost all of the fund’s assets are invested in U.S. companies, which limits the benefits of international diversification.
Mixed Performance Among Top Holdings
Some of the largest positions, such as PayPal, DoorDash, Paychex, and Axon, have shown weak or negative performance this year, which can drag on overall returns.
Technology-Heavy Exposure
A large share of the portfolio is in technology stocks, which can make the fund more sensitive to swings in the tech sector.
QQQE vs. SPDR S&P 500 ETF (SPY)
AUM1.32B
RegionNorth America
Expense Ratio0.35%
Beta1.07
IssuerDirexion
Inception DateMar 21, 2012
Dividend Yield0.59%
Asset ClassEquity
Index TrackedNASDAQ-100 Equally Weighted Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume184,175
30 Day Avg. Volume204,342
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
143.92Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering103
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QQQE Summary
QQQE is an exchange-traded fund that follows the NASDAQ-100 Equally Weighted Index. Instead of letting the biggest companies dominate, it gives each of the 100 large U.S. companies the same weight. It holds well-known names like PayPal and Applied Materials, and spreads your money across technology, consumer, and healthcare businesses. Someone might invest in QQQE to get diversified exposure to many leading growth companies without being overly concentrated in a few tech giants. However, it still invests heavily in stocks, so its value can go up and down with the overall stock market.
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 spreads its bets evenly, so no single giant calls the shots, but a few names still set the tone. Applied Materials and Palo Alto Networks have been rising sharply, giving the fund a strong tech tailwind, while steadier performers like CSX and Paccar add an industrial backbone that’s quietly helping returns. On the softer side, Roper Technologies and ADP have been lagging, acting like mild brakes on performance rather than full-on drags. Overall, it’s a U.S.-heavy, tech-tilted portfolio with support from industrial and service names.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| PayPal Holdings | 1.28% | $16.96M | $49.53B | -28.32% | 76 Outperform | |
| Cintas | 1.26% | $16.67M | $82.38B | -4.26% | 79 Outperform | |
| Paccar | 1.24% | $16.36M | $69.60B | 32.59% | 74 Outperform | |
| Coca-Cola Europacific Partners | 1.23% | $16.22M | £35.05B | 10.74% | 74 Outperform | |
| Paychex | 1.22% | $16.11M | $40.39B | -21.04% | 77 Outperform | |
| Axon Enterprise | 1.20% | $15.85M | $40.49B | -28.63% | 58 Neutral | |
| DoorDash | 1.19% | $15.66M | $75.34B | -25.19% | 76 Outperform | |
| Roper Technologies | 1.18% | $15.59M | $37.07B | -32.92% | 71 Outperform | |
| Automatic Data Processing | 1.18% | $15.55M | $99.97B | -16.91% | 70 Outperform | |
| Applied Materials | 1.18% | $15.54M | $425.76B | 171.66% | 77 Outperform |
QQQE Technical Analysis
Negative
―
Price Trends
118.30
Negative
111.19
Positive
106.84
Positive
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QQQE, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 118.85, equal to the 50-day MA of 118.30, and equal to the 200-day MA of 106.84, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QQQE.
QQQE Peer Comparison
Comparison Results
Performance Comparison
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
116.30
16.98
17.10%
MGC
Vanguard Mega Cap ETF
―
―
―
PRF
Invesco FTSE RAFI US 1000 ETF
―
―
―
RWL
Invesco S&P 500 Revenue ETF
―
―
―
VFLO
VictoryShares Free Cash Flow ETF
―
―
―
QEW
Invesco QQQ Equal Weight ETF
―
―
―
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.
DisclaimerThis 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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