Direxion Nasdaq-100 Equal Weighted Index Shares
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$88.29
- Net Assets:$0 Million
- NAV:$89.34
- Premium-1.18%
- Peer Rank:214 of 397
- Investment Rating:B-
- Performance:B
- RiskC
We rate Direxion NASDAQ 100 Eq Weighted Idx at B-. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking an Equity Income strategy.
Total return ranks very high in comparison with peers over the last three years. The Direxion NASDAQ 100 Eq Weighted Idx has returned an annual rate of 14.54% since inception. More recently, the fund has generated a total return of 15.82% in the last five years, 8.35% in the last three years, and 27.82% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 95% of them. It has also outpaced 76% of its competitors on a three year basis and 88% of them over the last year for the period ending 2/29/2024. On a year to date basis, QQQE has returned 5.43%.
Downside risk has been below average. QQQE has a draw down risk of -30.99%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 20.1%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As QQQE is an exchange traded fund, it has no front end or back end load.
The Direxion NASDAQ 100 Eq Weighted Idx is managed by Paul Brigandi at Rafferty Asset Management LLC. This fund is one of 64 Rafferty Asset Management LLC exchange-traded funds launched since 11/5/2008 that we track.