QQQE: DIREXION NASDAQ-100(R) EQUAL WEIGHTED INDEX SHARES
Share-split context: A forward split was recorded on May 1, 2017 with coefficient 2. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.
What this ETF is trying to do
The QQQE ETF (DIREXION NASDAQ-100(R) EQUAL WEIGHTED INDEX SHARES) is designed to track the Nasdaq-100 index using an "equal weighted" approach. This means instead of having a few massive companies control most of the fund, it tries to give different companies more balanced importance.
The Top Holdings in this fund include companies like ARM Holdings PLC ADR (1.37%), Intel Corp (1.37%), Advanced Micro Devices Inc (1.30%), and Meta Platforms Inc Class A (1.30%). Because this is a partial list, these are just some of the 103 total holdings in the fund. Please remember that holdings can change over time.
What the numbers show
When looking at how this ETF has performed, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price.
• Total Return: This includes both the share price changes and any cash distributions (dividends) paid out.
According to the data:
• Year-to-Date (YTD): The price return is approximately 19.14%, while the total return is approximately 19.69%.
• One-Year: The price return was approximately 19.01%, and the total return was approximately 19.77%.
• Three-Year: The price return was approximately 62.46%, and the total return was approximately 65.99%.
This ETF has a history of "forward splits." This means that in the past, each old share became multiple new shares. When this happens, the price per share drops proportionally, but your total ownership stays the same. This is a normal part of how some stocks work and does not mean you lost money.
Income and distribution explanation
This ETF pays out cash to investors, known as distributions. The distribution yield is currently approximately 0.58%. This number describes the cash paid out relative to the current ETF price. Over the last 12 months, there were 4 payouts, which usually happen every quarter.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases significantly. Some investors worry about this because they want to make sure their original investment stays stable while they collect income.
For QQQE, the erosion-risk score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• The fund has shown positive price returns and total returns over the one-year and three-year periods.
• The erosion-risk measurement is rated as "good."
Cons
• The distribution yield (0.58%) is relatively low compared to some other types of income-focused funds.
Beginner takeaway
When studying an ETF like QQQE, remember that price returns and total returns are different. Total return is a more complete picture because it includes the cash distributions you receive. Also, always look at the erosion-risk score to see how stable the fund's price has been over time.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ARM HOLDINGS PLC ADR | ARM | 1.37% |
| 2 | INTEL CORP | INTC | 1.37% |
| 3 | ADVANCED MICRO DEVICES INC | AMD | 1.30% |
| 4 | META PLATFORMS INC CLASS A | META | 1.30% |
| 5 | MARVELL TECHNOLOGY INC | MRVL | 1.23% |
| 6 | STRATEGY INC CLASS A | MSTR | 1.22% |
| 7 | ASTERA LABS INC | ALAB | 1.21% |
| 8 | QUALCOMM INC | QCOM | 1.16% |
| 9 | SANDISK CORP ORDINARY SHARES | SNDK | 1.16% |
| 10 | CROWDSTRIKE HOLDINGS INC CLASS A | CRWD | 1.14% |