Air Products & Chemicals, Inc. vs Direxion NASDAQ 100 Equal Weighted Index Shares — how do they compare? Air Products & Chemicals, Inc. trades at $308.56 (market cap $68.88B), while Direxion NASDAQ 100 Equal Weighted Index Shares trades at $122.33. The key difference: Air Products & Chemicals, Inc. pays a 2.34% dividend while Direxion NASDAQ 100 Equal Weighted Index Shares pays none. Which is the better fit depends on your goals.
| APD | QQQE | |
|---|---|---|
Market Cap | $68.88B | — |
Sector | Basic Materials | Broad Market / Factor |
52-Week High | $314.19 | $122.72 |
52-Week Low | $230.42 | $96.06 |
Enterprise Value | $86.06B | — |
Dividend Yield | 2.34% | — |
Trailing returns across standard periods
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $10.3 billion in revenue in fiscal 2021.
Read more on APD →QQQE is an ETF that seeks to track the performance of the NASDAQ-100 Equal Weighted Index. Unlike traditional market-capitalization-weighted indexes, this fund assigns equal weight to each of the 100 non-financial companies in the NASDAQ-100 and rebalances quarterly. This equal-weighting scheme reduces concentration risk in the largest technology companies and increases the fund's exposure to smaller-cap and mid-cap companies within the index, providing a differentiated growth profile.
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