Direxion QQQE ETF: Performance and Cost Analysis Report

In a recent analysis, the Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) shows a 7.42% growth year-to-date, appealing for investors. Examining factors such as cost and sector allocations reveals insights that could influence stock prices of associated companies.

Date: 01-01-2025

AI Rating: 7

Overview of QQQE Performance
According to the report, the Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has added about 7.42% year-to-date, indicating a positive performance for this smart beta ETF.

Cost Efficiency
The operating expense ratio for QQQE is 0.35%, which is competitive within its peer group. Lower expense ratios can help funds outperform over the long term, making QQQE an attractive option for cost-conscious investors.

Sector Exposure
The report highlights that approximately 39.80% of QQQE's portfolio is allocated to the Information Technology sector. This substantial allocation may represent both opportunities and risks as the performance of this sector can significantly influence the ETF's value.

Top Holdings
Key holdings include Atlassian Corp (TEAM), Tesla Inc. (TSLA), and Datadog Inc. (DDOG). Since these companies are major constituents, any fluctuations in their stock prices will directly affect QQQE's performance.

Risk Assessment
The ETF has a beta of 1.02 and a standard deviation of 21.61%, categorizing it as a medium-risk choice among ETFs. Investors typically regard a medium risk as attractive for growth potential without excessive volatility.

Overall, the report showcases a solid performance and competitive costs, which are likely to appeal to investors, possibly supporting a more favorable outlook for QQQE and its holdings in the context of the stock market.

Stocks: TSLA TEAM DDOG