Direxion NASDAQ 100 Equal Weighted Index Shares vs Health Care Select Sector SPDR Fund — how do they compare? Direxion NASDAQ 100 Equal Weighted Index Shares trades at $116.97, while Health Care Select Sector SPDR Fund trades at $159.39. Which is the better fit depends on your goals.
| QQQE | XLV | |
|---|---|---|
Sector | Broad Market / Factor | — |
52-Week High | $122.72 | $164.48 |
52-Week Low | $96.06 | $129.01 |
Trailing returns across standard periods
Latest headlines on both assets
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 →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: pharmaceuticals; health care equipment & supplies; health care providers & services; biotechnology; life sciences tools & services; and health care technology. The fund is non-diversified.
Read more on XLV →