NIO Inc. vs Direxion NASDAQ 100 Equal Weighted Index Shares — how do they compare? NIO Inc. trades at $4.81 (market cap $12.55B), while Direxion NASDAQ 100 Equal Weighted Index Shares trades at $118.11. The key difference: Direxion NASDAQ 100 Equal Weighted Index Shares is trading nearer its 52-week high, NIO Inc. nearer its low. Which is the better fit depends on your goals.
| NIO | QQQE | |
|---|---|---|
Market Cap | $12.55B | — |
Sector | Consumer Cyclical | Broad Market / Factor |
52-Week High | $7.89 | $122.72 |
52-Week Low | $4.44 | $96.06 |
Enterprise Value | $11.78B | — |
Trailing returns across standard periods
NIO Inc. manufactures and sells automobiles. The Company offers electric vehicles and parts, as well as provides battery charging services. NIO serves customers worldwide.
Read more on NIO →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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