Compare/Updated Oct 26, 2026, refreshed every trading day
QQQE vs QQQ
Direxion NASDAQ-100 Equal Weighted Index ETF against Invesco QQQ Trust, Series 1: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQ did better over the period: $1,000 invested on Oct 28, 2022 grew to $2,565, compared with $1,876 for QQQE. QQQ’s total return was 156.5% versus 87.6% for QQQE, and it also led over three years, 97.2% to 60.3%. The advantage reflects QQQ’s concentrated market-cap weighting, which benefited more from the strongest Nasdaq-100 performers. QQQE’s equal weighting provided broader exposure but lagged, despite slightly lower risk: 12-month volatility was 16.3% versus 20.0% for QQQ, and its worst drawdown was -21.4% versus -22.8%. QQQE therefore offered somewhat lower volatility and drawdown, while QQQ delivered substantially stronger growth. QQQ also had the lower expense ratio, 0.20% versus 0.35%. Their daily moves remained highly correlated at 0.932, but QQQE moved only 0.82% per 1% move in QQQ.
- Price is above its 200-day average ($112); 50-day at $120.
- RSI 41, neutral. Supertrend says sell. ADX 21, so the trend is developing.
- Price is above its 200-day average ($676); 50-day at $725.
- RSI 37, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, QQQE or QQQ?
QQQE beat QQQ in 18 of the last 48 months; QQQ won the other 30. The typical monthly gap was 1.59 points.
Total return by period
Which is riskier?
QQQE: Feb 18, 2025 to Apr 8, 2025; QQQ: Feb 19, 2025 to Apr 8, 2025
- 0.932
- correlation of daily moves, 4 years
- 0.82
- QQQE move per 1% in QQQ
- 0.910
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.59 points.
When did they diverge?
| Month | QQQE | QQQ | Gap |
|---|---|---|---|
| December 2024 | -4.9% | +0.5% | -5.34 pts |
| May 2023 | +3.2% | +7.9% | -4.71 pts |
| September 2026 | -1.4% | +3.3% | -4.68 pts |
| April 2026 | +11.1% | +15.7% | -4.57 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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