QQQU vs. FDND ETF Comparison
Comparison of Direxion Daily Concentrated Qs Bull 2X Shares (QQQU) to FT Vest Dow Jones Internet & Target Income ETF (FDND)
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
$41.85
Average Daily Volume
25,623
7
FDND
FT Vest Dow Jones Internet & Target Income ETF
FDND Description
FDND aims to provide income at an annual rate of 8%, before fees and expenses, over the annual dividend yield of the Nasdaq-100 Index. The income stems from dividends from individual equity positions and premiums from selling naked call options. However, there is no guarantee the fund will deliver the target income. The portfolio manager actively selects 40 of the largest and most liquid US internet companies, which includes firms in the internet commerce and internet services sub-industries. Each week, FDND attempts to bridge the difference between the dividend income of its equity portfolio and its target distribution by selling at-the-money, naked call options on the Nasdaq-100 Index or related ETFs. The income from dividends and option premiums are expected to be distributed monthly. Investors should note that naked call writing, or selling call options without owning the underlying asset, is a high-risk options strategy.Grade (RS Rating)
Last Trade
$22.00
Average Daily Volume
1,560
41
Performance
| Period | QQQU | FDND |
|---|---|---|
| 30 Days | 13.08% | 7.92% |
| 60 Days | 19.39% | 12.56% |
| 90 Days | 24.35% | 16.46% |
| 12 Months |
QQQU Underweight 38 Positions Relative to FDND
| Symbol | Grade | Weight | |
|---|---|---|---|
| NFLX | A | -8.46% | |
| CRM | B | -7.54% | |
| BKNG | A | -4.98% | |
| CSCO | B | -4.45% | |
| GOOG | C | -4.41% | |
| ANET | C | -4.25% | |
| PYPL | B | -4.25% | |
| ABNB | C | -2.86% | |
| DASH | B | -2.82% | |
| WDAY | B | -2.75% | |
| CPRT | B | -2.45% | |
| SNOW | B | -2.19% | |
| DDOG | A | -2.02% | |
| TEAM | A | -1.93% | |
| HUBS | A | -1.74% | |
| VEEV | C | -1.63% | |
| EBAY | D | -1.49% | |
| NET | B | -1.38% | |
| RBLX | C | -1.37% | |
| CVNA | B | -1.33% | |
| GDDY | A | -1.26% | |
| ZM | C | -1.03% | |
| DKNG | B | -0.97% | |
| PINS | F | -0.86% | |
| NTNX | B | -0.85% | |
| DOCU | B | -0.79% | |
| VRSN | C | -0.75% | |
| AKAM | D | -0.67% | |
| JNPR | D | -0.61% | |
| OKTA | C | -0.59% | |
| PAYC | B | -0.55% | |
| CIEN | C | -0.49% | |
| CFLT | B | -0.36% | |
| SMAR | B | -0.36% | |
| DBX | B | -0.31% | |
| MARA | B | -0.3% | |
| BOX | B | -0.24% | |
| ZI | D | -0.15% |
QQQU: Top Represented Industries & Keywords
FDND: Top Represented Industries & Keywords
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