Compare Direxion NASDAQ 100 Equal Weighted Index Shares (QQQE) vs Tencent Music Entertainment Group - ADR (TME) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
Direxion NASDAQ 100 Equal Weighted Index Shares vs Tencent Music Entertainment Group - ADR — how do they compare? Direxion NASDAQ 100 Equal Weighted Index Shares trades at $116.97, while Tencent Music Entertainment Group - ADR trades at $8.78 (market cap $15.16B). The key difference: Tencent Music Entertainment Group - ADR pays a 2.68% 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, Tencent Music Entertainment Group - ADR nearer its low. Which is the better fit depends on your goals.
| QQQE | TME | |
|---|---|---|
Sector | Broad Market / Factor | Media |
52-Week High | $122.72 | $26.36 |
52-Week Low | $96.06 | $8.16 |
Market Cap | — | $15.16B |
Enterprise Value | — | $11.93B |
Dividend Yield | — | 2.68% |
Returns comparison
Trailing returns across standard periods
Returns comparison
Trailing returns across standard periods
About Direxion NASDAQ 100 Equal Weighted Index Shares
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 →About Tencent Music Entertainment Group - ADR
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Read more on TME →
