Essex Property Trust, Inc. vs Direxion NASDAQ 100 Equal Weighted Index Shares — how do they compare? Essex Property Trust, Inc. trades at $282.11 (market cap $18.15B), while Direxion NASDAQ 100 Equal Weighted Index Shares trades at $122.33. The key difference: Essex Property Trust, Inc. pays a 3.93% 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, Essex Property Trust, Inc. nearer its low. Which is the better fit depends on your goals.
| ESS | QQQE | |
|---|---|---|
Market Cap | $18.15B | — |
Sector | Real Estate | Broad Market / Factor |
52-Week High | $298.33 | $122.72 |
52-Week Low | $239.61 | $96.06 |
Enterprise Value | $24.75B | — |
Dividend Yield | 3.93% | — |
Trailing returns across standard periods
Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Read more on ESS →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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