iShares Global Clean Energy ETF vs Direxion NASDAQ 100 Equal Weighted Index Shares — how do they compare? iShares Global Clean Energy ETF trades at $18.54, while Direxion NASDAQ 100 Equal Weighted Index Shares trades at $117.5. The key difference: Direxion NASDAQ 100 Equal Weighted Index Shares is trading nearer its 52-week high, iShares Global Clean Energy ETF nearer its low. Which is the better fit depends on your goals.
| ICLN | QQQE | |
|---|---|---|
52-Week High | $23.75 | $122.72 |
52-Week Low | $13.41 | $96.06 |
Sector | — | Broad Market / Factor |
Trailing returns across standard periods
The index is designed to track the performance of approximately 100 clean energy-related companies. The fund generally invests at least 80% of its assets in the component securities of the target index. The index may invest up to 20% of its assets in certain futures, trading options and swap contracts, cash and cash equivalents, as well as in securities not included in the index. It is non-diversified.
Read more on ICLN →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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