iShares MSCI Canada (TSX) vs Direxion NASDAQ 100 Equal Weighted Index Shares — how do they compare? iShares MSCI Canada (TSX) trades at $61.71, while Direxion NASDAQ 100 Equal Weighted Index Shares trades at $122.95. Which is the better fit depends on your goals.
| EWC | QQQE | |
|---|---|---|
Sector | Broad Market / Factor | Broad Market / Factor |
52-Week High | $61.51 | $122.72 |
52-Week Low | $47.00 | $96.06 |
Trailing returns across standard periods
EWC is a country-specific ETF that tracks the performance of the Canadian equity market. It provides exposure to large and mid-sized companies in Canada, with heavy concentrations in financials and energy, including Royal Bank of Canada, Shopify, and Enbridge.
Read more on EWC →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 →