Autozone Inc vs Direxion NASDAQ 100 Equal Weighted Index Shares — how do they compare? Autozone Inc trades at $3,030.11 (market cap $49.67B), while Direxion NASDAQ 100 Equal Weighted Index Shares trades at $122.33. The key difference: Autozone Inc is trading nearer its 52-week high, Direxion NASDAQ 100 Equal Weighted Index Shares nearer its low. Which is the better fit depends on your goals.
| AZO | QQQE | |
|---|---|---|
Market Cap | $49.67B | — |
Sector | Consumer Cyclical | Broad Market / Factor |
52-Week High | $4.35K | $122.72 |
52-Week Low | $2.92K | $96.06 |
Enterprise Value | $62.05B | — |
Trailing returns across standard periods
AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for nearly 75% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 6,767 stores in the U.S. (6,051), Mexico (664), and Brazil (52) as of the end of fiscal 2021.
Read more on AZO →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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