CVS Health Corp vs Direxion NASDAQ 100 Equal Weighted Index Shares — how do they compare? CVS Health Corp trades at $93.54 (market cap $119.58B), while Direxion NASDAQ 100 Equal Weighted Index Shares trades at $122.33. The key difference: CVS Health Corp pays a 2.84% dividend while Direxion NASDAQ 100 Equal Weighted Index Shares pays none, and Direxion NASDAQ 100 Equal Weighted Index Shares is trading nearer its 52-week high, CVS Health Corp nearer its low. Which is the better fit depends on your goals.
| CVS | QQQE | |
|---|---|---|
Market Cap | $119.58B | — |
Sector | Health | Broad Market / Factor |
52-Week High | $110.60 | $122.72 |
52-Week Low | $65.51 | $96.06 |
Enterprise Value | $181.93B | — |
Dividend Yield | 2.84% | — |
Trailing returns across standard periods
Latest headlines on both assets
Following its acquisition of Aetna in late 2018, CVS Health now provides an even more integrated healthcare-services offering for its members. Legacy CVS combined both the largest pharmacy benefit manager, processing over 2 billion adjusted claims annually, and a sizable pharmacy operation, including nearly 10,000 retail pharmacy locations primarily in the U.S. Adding a managed-care organization with 24 million medical members gives the company a strong position in the insurance industry and should help CVS better control overall healthcare costs for its clients.
Read more on CVS →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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