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QQQE - ETF AI Analysis
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Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
Rating:72Outperform
Price Target:
$115.00
Positive Factors
Strong Top Holdings
Several top holdings, such as Micron and Lam Research, have delivered strong year-to-date performance, supporting the ETF's overall returns.
Sector Diversification
The ETF is spread across multiple sectors, including technology, consumer cyclical, and health care, reducing reliance on any single industry.
Reasonable Expense Ratio
The ETF has a relatively low expense ratio, making it cost-effective compared to many actively managed funds.
Negative Factors
Overweight in Technology
With over 40% of the portfolio in technology, the ETF is heavily exposed to potential volatility in this sector.
Underperforming Holdings
Some holdings, like Trade Desk and Marvell, have shown weak year-to-date performance, which could drag on overall returns.
Limited Geographic Exposure
The ETF is highly concentrated in U.S. companies, offering minimal diversification across international markets.
QQQE vs. SPDR S&P 500 ETF (SPY)
AUM1.22B
RegionNorth America
Expense Ratio0.35%
Beta1.10
IssuerDirexion
Inception DateMar 21, 2012
Dividend Yield0.57%
Asset ClassEquity
Index TrackedNASDAQ-100 Equally Weighted Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume213,022
30 Day Avg. Volume162,493
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
118.01Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering103
QQQE Summary
The Direxion NASDAQ-100 Equal Weighted Index Shares (Ticker: QQQE) is an ETF that gives investors exposure to the NASDAQ-100 Index but with a unique twist: it allocates equal weight to all 100 companies in the index. This means that every company, big or small, has the same impact on the fund’s performance, promoting diversification. It includes well-known companies like Intel and Advanced Micro Devices (AMD) and focuses on large-cap stocks across sectors like technology, healthcare, and consumer services. Investors might consider QQQE for balanced exposure to high-growth industries and reduced concentration in mega-cap tech stocks. However, since it tracks the NASDAQ-100, its performance can fluctuate with the overall market, especially if tech stocks face challenges.
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
The QQQE ETF offers a refreshing twist on the NASDAQ-100 by giving equal weight to all its holdings, but the fund’s performance is still heavily influenced by the tech sector, which makes up a significant portion of its portfolio. Semiconductor names like AMD and Micron are rising stars, benefiting from strong earnings and growth in AI-related technologies, while Intel is steady despite ongoing restructuring challenges. On the flip side, Trade Desk has been lagging, weighed down by valuation concerns and mixed technical signals. With its U.S.-centric focus and tech-heavy allocation, QQQE is a bet on innovation but not without its share of volatility.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Advanced Micro Devices | 1.58% | $19.35M | $415.64B | 80.54% | 77 Outperform | |
| Micron | 1.34% | $16.35M | $251.17B | 124.38% | 78 Outperform | |
| Intel | 1.31% | $16.07M | $186.76B | 72.37% | 61 Neutral | |
| Marvell | 1.23% | $15.01M | $80.81B | 10.58% | 67 Neutral | |
| Lam Research | 1.21% | $14.75M | $197.77B | 110.51% | 77 Outperform | |
| Applied Materials | 1.19% | $14.58M | $185.70B | 27.11% | 77 Outperform | |
| Intuitive Surgical | 1.18% | $14.48M | $189.40B | 5.52% | 78 Outperform | |
| ARM Holdings PLC ADR | 1.15% | $14.13M | $179.84B | 20.03% | 77 Outperform | |
| Datadog | 1.14% | $13.94M | $56.78B | 32.09% | 69 Neutral | |
| Warner Bros | 1.13% | $13.81M | $55.58B | 172.78% | 69 Neutral |
QQQE Technical Analysis
Positive
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Price Trends
100.86
Positive
99.39
Positive
94.95
Positive
Market Momentum
0.88
Positive
56.15
Neutral
46.96
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 102.90, equal to the 50-day MA of 100.86, and equal to the 200-day MA of 94.95, indicating a bullish trend. The MACD of 0.88 indicates Positive momentum. The RSI at 56.15 is Neutral, neither overbought nor oversold. The STOCH value of 46.96 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
103.70
13.62
15.12%
DUHP
Dimensional US High Profitability ETF
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MGC
Vanguard Mega Cap ETF
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PRF
Invesco FTSE RAFI US 1000 ETF
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FTCS
First Trust Capital Strength ETF
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QQEW
First Trust Nasdaq-100 Equal Weighted Index Fund
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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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