Northrop Grumman Corporation vs Direxion NASDAQ 100 Equal Weighted Index Shares — how do they compare? Northrop Grumman Corporation trades at $512 (market cap $74.42B), while Direxion NASDAQ 100 Equal Weighted Index Shares trades at $118.11. The key difference: Northrop Grumman Corporation pays a 1.79% 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, Northrop Grumman Corporation nearer its low. Which is the better fit depends on your goals.
| NOC | QQQE | |
|---|---|---|
Market Cap | $74.42B | — |
Sector | Industrials | Broad Market / Factor |
52-Week High | $768.02 | $122.72 |
52-Week Low | $496.02 | $96.06 |
Enterprise Value | $88.65B | — |
Dividend Yield | 1.79% | — |
Trailing returns across standard periods
Latest headlines on both assets
Northrop Grumman is a defense contractor that is diversified across short-cycle and long-cycle businesses. The firm's segments include aeronautics, mission systems, defense services, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces various piloted and autonomous flight systems. Mission systems creates a variety of sensors and processors for defense hardware. The defense systems segment is a long-range missile manufacturer. Finally, the company's space systems segment produces various space structures, sensors, and satellites.
Read more on NOC →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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