Should Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) Be on Your Investing Radar?

QQQE, a passively managed ETF launched in 2012 with $1.44 billion in assets, offers broad exposure to large-cap growth stocks with a 0.35% expense ratio. The fund has returned 19.16% year-to-date and 18.85% over the past year, with a medium risk profile (beta of 1.09). It holds a Zacks ETF Rank of 2 (Buy) and is recommended as an excellent option for large-cap growth investors, though lower-cost alternatives like VUG and QQQ are also available.