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QQQEvsPHEQETF Comparison

ETF 1

QQQE

Direxion NASDAQ-100 Equal Weighted ETF

This fund is part of

US Large Cap

+0%

Full QQQE fund page

VS

ETF 2

PHEQ

Parametric Hedged Equity ETF

This fund is part of

Options Strategies

+0%

Full PHEQ fund page

Direxion NASDAQ-100 Equal Weighted ETF (QQQE) belongs to the US Large Cap segment. Parametric Hedged Equity ETF (PHEQ) is part of the Options Strategies segment. QQQE's top 3 sector exposures are Information Technology, Consumer Discretionary and Industrials. In contrast, PHEQ's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. QQQE is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.29% for PHEQ. QQQE is up 4.86% year-to-date (YTD) with -$74M in YTD flows. PHEQ performs worse with 3.35% YTD performance, and -$10M in YTD flows. Run a side-by-side ETF comparison of QQQE and PHEQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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QQQE vs PHEQ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	QQQE PHEQ	+11.48%+6.66%	+0.97%+2.84%	+4.86%+3.35%	+23.82%+19.66%	+54.42%n/a	+42.93%n/a
Flows	QQQE PHEQ	-$37M+$5M	-$37M-$8M	-$74M-$10M	-$251M+$23M	+$169M-	+$457M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	QQQE PHEQ	+17.80%+8.36%	+14.71%+7.12%	+17.43%n/a	+20.51%n/a
Max drawdown	QQQE PHEQ	-9.43%-3.73%	-9.43%-3.96%	-21.41%n/a	-32.12%n/a
Max drawdown duration	QQQE PHEQ	78d57d	78d86d	129dn/a	793dn/a

Trading data

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	QQQE	PHEQ
Last sale 4/30/2026 at 1:30 PM	$109.51	$33.83
Previous close 04/29/2026	$107.99	$33.65
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 28, 2026

1-year trailing difference

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PHEQ

is actively managed and doesn’t replicate an index

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	QQQE	PHEQ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/30/2026 at 1:30 PM

Live

Closed

	QQQE	PHEQ
Last price	$109.51	$33.83
1D performance	+1.41%	+0.53%
AuM	$1.20 B	$132.76 M
E/R	0.35%	0.29%

Characteristics

	QQQE	PHEQ
Management strategy	Passive	Active
Provider	Direxion	Morgan Stanley
Benchmark	NASDAQ-100 Equal Weighted Index	-
N° of holdings	93	173
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	March 21, 2012	October 19, 2023
ESG	No	No

More QQQE data on Trackinsight

More PHEQ data on Trackinsight

Exposure

Countries

QQQE

USA

92.97%

Other

7.03%

PHEQ

USA

93.2%

Other

6.8%

Sectors

QQQE

Information Techn.

38.14%

Consumer Discreti.

11.1%

Industrials

9.96%

Health Care

9.08%

Communication Ser.

9.01%

Consumer Staples

8.28%

Other

14.43%

PHEQ

Information Techn.

33.71%

Communication Ser.

10.57%

Consumer Discreti.

9.49%

Financials

9.34%

Health Care

8.92%

Industrials

7.64%

Other

20.33%

Diversification

QQQE

Total weight of top 15 holdings out of 15

16.1%

PHEQ

Total weight of top 15 holdings out of 15

43.64%

Top 15 holdings

Data as of March 31, 2026

QQQE

US0420682058

1.11%

MARVELL TECHNOLOGY

1.10%

INSMED

1.09%

CONSTELLATION ENERGY CORP

1.09%

DIAMONDBACK ENERGY

1.08%

BAKER HUGHES

1.07%

EXELON CORP

1.07%

PINDUODUO INC ADR

1.07%

CSX

1.07%

MONDELEZ INTERNATIONAL INC

1.06%

O'REILLY AUTOMOTIVE

1.06%

CHARTER COMMUNICATIONS INC(NEW)

1.06%

WALMART INC

1.06%

AMERICAN ELECTRIC POWER

1.06%

CISCO-T

1.05%

PHEQ

NVIDIA

7.24%

APPLE

6.63%

MICROSOFT-T

4.74%

AMAZON.COM INC

3.62%

ALPHABET INC-CL

3.05%

ALPHABET INC-CL

2.65%

BROADCOM LIMITED

2.59%

META PLATFORMS

2.22%

TESLA

1.89%

EXXON

1.78%

JPMORGAN CHASE

1.65%

LILLY

1.58%

JOHNSON&JOHNSON

1.51%

BERKSHIRE HATHWAY

1.38%

VISA INCORPORATION

1.11%

Frequently asked questions about QQQE and PHEQ

How have the QQQE and PHEQ ETFs performed in 2026?

As of April 28, 2026, QQQE is up 4.86% year-to-date (YTD), while PHEQ has returned 3.35%. That puts QQQE better performer ahead so far this year.

Which ETF is attracting more investor money: QQQE or PHEQ?

Year-to-date, the QQQE ETF saw -$74M in flows, compared to -$10M for PHEQ.

Which ETF is more volatile: QQQE or PHEQ?

Over the past year, QQQE had a volatility of 14.71%, while PHEQ experienced 7.12%.

Which ETF is bigger: QQQE or PHEQ?

As of April 28, 2026, QQQE holds $1.20 B in assets under management (AUM), while PHEQ manages $132.76 M.

What sectors do the QQQE and PHEQ ETFs invest in?

QQQE leans toward sectors like Information Technology, Consumer Discretionary and Industrials. Meanwhile, PHEQ focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the QQQE ETF and PHEQ ETF?

QQQE top holdings include US0420682058, MARVELL TECHNOLOGY and INSMED. PHEQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: QQQE or PHEQ?

QQQE holds 101 securities with 16.1% of its assets in the top 15. PHEQ has 182 securities and a top 15 weight of 43.64%.

Parametric's Innovation Continues Under New Leadership from Morgan Stanley with Launch of PHEQ and PAPI

November 16, 2023

PHEQ

QQQEvsPHEQETF Comparison

Direxion NASDAQ-100 Equal Weighted ETF

Parametric Hedged Equity ETF

QQQE vs PHEQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the QQQE and PHEQ ETFs performed in 2026?

As of April 28, 2026, QQQE is up 4.86% year-to-date (YTD), while PHEQ has returned 3.35%. That puts QQQE better performer ahead so far this year.

Which ETF is attracting more investor money: QQQE or PHEQ?

Year-to-date, the QQQE ETF saw -$74M in flows, compared to -$10M for PHEQ.

Which ETF is more volatile: QQQE or PHEQ?

Over the past year, QQQE had a volatility of 14.71%, while PHEQ experienced 7.12%.

Which ETF is bigger: QQQE or PHEQ?

As of April 28, 2026, QQQE holds $1.20 B in assets under management (AUM), while PHEQ manages $132.76 M.

What sectors do the QQQE and PHEQ ETFs invest in?

QQQE leans toward sectors like Information Technology, Consumer Discretionary and Industrials. Meanwhile, PHEQ focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the QQQE ETF and PHEQ ETF?

QQQE top holdings include US0420682058, MARVELL TECHNOLOGY and INSMED. PHEQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: QQQE or PHEQ?

QQQE holds 101 securities with 16.1% of its assets in the top 15. PHEQ has 182 securities and a top 15 weight of 43.64%.

Parametric's Innovation Continues Under New Leadership from Morgan Stanley with Launch of PHEQ and PAPI

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up