Noble Corporation plc vs Direxion NASDAQ 100 Equal Weighted Index Shares — how do they compare? Noble Corporation plc trades at $42.53 (market cap $6.48B), while Direxion NASDAQ 100 Equal Weighted Index Shares trades at $118.11. The key difference: Noble Corporation plc pays a 4.93% 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, Noble Corporation plc nearer its low. Which is the better fit depends on your goals.
| NE | QQQE | |
|---|---|---|
Market Cap | $6.48B | — |
Sector | Technology | Broad Market / Factor |
52-Week High | $54.37 | $122.72 |
52-Week Low | $25.70 | $96.06 |
Enterprise Value | $7.73B | — |
Dividend Yield | 4.93% | — |
Trailing returns across standard periods
Noble Corporation plc is a leading offshore drilling contractor for the oil and gas industry. The company owns and operates a high-specification fleet of mobile offshore drilling units, including drillships and semi-submersibles, that are used for exploration and production activities in deepwater and harsh environments worldwide. Noble focuses on providing safe, efficient, and reliable drilling services to major and independent oil and gas companies globally.
Read more on NE →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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