DigitalOcean Holdings Inc vs Direxion NASDAQ 100 Equal Weighted Index Shares — how do they compare? DigitalOcean Holdings Inc trades at $126 (market cap $14.21B), while Direxion NASDAQ 100 Equal Weighted Index Shares trades at $122.33. The key difference: Direxion NASDAQ 100 Equal Weighted Index Shares is trading nearer its 52-week high, DigitalOcean Holdings Inc nearer its low. Which is the better fit depends on your goals.
| DOCN | QQQE | |
|---|---|---|
Market Cap | $14.21B | — |
Sector | Technology | Broad Market / Factor |
52-Week High | $181.29 | $122.72 |
52-Week Low | $29.99 | $96.06 |
Enterprise Value | $14.97B | — |
Trailing returns across standard periods
DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. The group has a business presence in North America, Europe, Asia and other countries.
Read more on DOCN →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.
Read more on QQQE →