WFH vs. QTEC ETF Comparison
Comparison of Direxion Work From Home ETF (WFH) to First Trust NASDAQ-100- Technology Index Fund (QTEC)
WFH
Direxion Work From Home ETF
WFH Description
The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.
Grade (RS Rating)
Last Trade
$64.15
Average Daily Volume
995
40
QTEC
First Trust NASDAQ-100- Technology Index Fund
QTEC Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Technology Sector Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-weighted index based on the securities of the NASDAQ-100 Index(R) that are classified as "technology" according to the Industry Classification Benchmark classification system. The fund is non-diversified.Grade (RS Rating)
Last Trade
$195.46
Average Daily Volume
114,333
43
Performance
| Period | WFH | QTEC |
|---|---|---|
| 30 Days | 6.72% | 1.76% |
| 60 Days | 11.10% | 4.48% |
| 90 Days | 12.72% | 1.92% |
| 12 Months | 29.02% | 23.11% |
13 Overlapping Holdings
| Symbol | Grade | Weight in WFH | Weight in QTEC | Overlap | |
|---|---|---|---|---|---|
| ADBE | C | 1.98% | 2.31% | 1.98% | |
| AVGO | D | 2.38% | 2.27% | 2.27% | |
| CRWD | B | 2.86% | 2.62% | 2.62% | |
| DDOG | A | 2.61% | 2.61% | 2.61% | |
| FTNT | C | 2.65% | 2.81% | 2.65% | |
| GOOGL | C | 2.42% | 1.22% | 1.22% | |
| META | D | 2.43% | 2.34% | 2.34% | |
| MRVL | B | 2.76% | 2.8% | 2.76% | |
| MSFT | D | 2.25% | 2.24% | 2.24% | |
| PANW | B | 2.46% | 2.64% | 2.46% | |
| TEAM | A | 3.32% | 3.5% | 3.32% | |
| WDAY | B | 2.26% | 2.49% | 2.26% | |
| ZS | B | 2.86% | 2.75% | 2.75% |
WFH Overweight 27 Positions Relative to QTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| HUBS | A | 3.04% | |
| DOCU | B | 3.02% | |
| CRM | B | 2.89% | |
| ORCL | A | 2.86% | |
| PEGA | B | 2.81% | |
| ATUS | B | 2.76% | |
| RNG | C | 2.72% | |
| NOW | A | 2.68% | |
| AMZN | C | 2.63% | |
| ZM | C | 2.61% | |
| S | B | 2.55% | |
| NET | B | 2.54% | |
| SMAR | B | 2.54% | |
| CSCO | B | 2.51% | |
| MOMO | D | 2.34% | |
| CYBR | A | 2.34% | |
| NTCT | C | 2.32% | |
| DOCN | C | 2.3% | |
| YY | B | 2.29% | |
| BOX | B | 2.25% | |
| IBM | C | 2.21% | |
| OKTA | C | 2.2% | |
| SNX | D | 2.16% | |
| NTAP | C | 2.14% | |
| VZ | C | 2.12% | |
| VRNS | D | 2.04% | |
| XRX | F | 1.66% |
WFH Underweight 30 Positions Relative to QTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | B | -2.89% | |
| DASH | B | -2.84% | |
| ADSK | A | -2.62% | |
| INTC | C | -2.61% | |
| PDD | F | -2.56% | |
| CDNS | B | -2.52% | |
| MU | D | -2.49% | |
| INTU | B | -2.48% | |
| SNPS | B | -2.47% | |
| GFS | C | -2.47% | |
| CTSH | B | -2.44% | |
| ANSS | B | -2.42% | |
| MDB | B | -2.39% | |
| ROP | B | -2.31% | |
| TXN | C | -2.31% | |
| AAPL | C | -2.28% | |
| ARM | F | -2.24% | |
| LRCX | F | -2.21% | |
| AMAT | F | -2.21% | |
| QCOM | F | -2.21% | |
| ON | D | -2.2% | |
| NXPI | D | -2.2% | |
| ADI | D | -2.13% | |
| AMD | F | -2.03% | |
| ASML | F | -1.99% | |
| KLAC | F | -1.94% | |
| MCHP | F | -1.94% | |
| CDW | F | -1.83% | |
| GOOG | C | -1.23% | |
| SMCI | F | -0.9% |
WFH: Top Represented Industries & Keywords
QTEC: Top Represented Industries & Keywords
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