QQQU vs. CDEI ETF Comparison
Comparison of Direxion Daily Concentrated Qs Bull 2X Shares (QQQU) to Morgan Stanley ETF Trust Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)
QQQU
Direxion Daily Concentrated Qs Bull 2X Shares
QQQU Description
QQQU provides daily 2x exposure to an index comprised of the seven leading companies listed on the NASDAQ exchange that meet certain requirements. It will invest in the securities of the index, financial instruments including swap and futures agreements, and ETFs tracking the index, to provide the leveraged exposure consistent with its objective. To be included in the index, the common stocks or ADRs must have a minimum free float equivalent to 10% of shares outstanding, and have a share price of less than $10,000. After an extensive research, the index provider selects the seven leading constituents that forms the index and equally-weights them. The index is rebalanced and reconstituted quarterly. As a leveraged product with 2x factor that resets daily, QQQU is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.
Grade (RS Rating)
Last Trade
$36.29
Average Daily Volume
31,223
7
CDEI
Morgan Stanley ETF Trust Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF
CDEI Description
Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.Grade (RS Rating)
Last Trade
$69.89
Average Daily Volume
2,396
10
Performance
Period | QQQU | CDEI |
---|---|---|
30 Days | 14.30% | 1.79% |
60 Days | 11.29% | 4.64% |
90 Days | 6.19% | 3.90% |
12 Months | 30.17% |
QQQU: Top Represented Industries & Keywords
CDEI: Top Represented Industries & Keywords