AIBU vs. QQUP

Last updated Jun 3, 2026

AIBU (Direxion Daily AI and Big Data Bull 2X Shares) and QQUP (ProShares Ultra Top QQQ) are both Leveraged Equities funds - AIBU tracks the Solactive US AI & Big Data Index while QQUP tracks the Nasdaq-100 Mega Index (200%). Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. AIBU charges 0.96%/yr vs 0.95%/yr for QQUP.

Performance

AIBU vs. QQUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and ProShares Ultra Top QQQ (QQUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIBU achieves a 54.78% return, which is significantly higher than QQUP's 19.26% return.

AIBU

• 1D: 0.88%
• 1M: 36.15%
• YTD: 54.78%
• 6M: 41.27%
• 1Y: 123.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQUP

• 1D: -0.82%
• 1M: 11.36%
• YTD: 19.26%
• 6M: 10.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIBU vs. QQUP - Yearly Performance Comparison

	2026 (YTD)	2025
AIBU Direxion Daily AI and Big Data Bull 2X Shares	54.78%	33.98%
QQUP ProShares Ultra Top QQQ	19.26%	44.45%

Correlation

The correlation between AIBU and QQUP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.82

Return for Risk

AIBU vs. QQUP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIBU

AIBU Risk / Return Rank: 59
AIBU Sharpe Ratio Rank: 80
AIBU Sortino Ratio Rank: 61
AIBU Omega Ratio Rank: 61
AIBU Calmar Ratio Rank: 53
AIBU Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIBU vs. QQUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and ProShares Ultra Top QQQ (QQUP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIBU	QQUP	Difference
Sharpe ratio Return per unit of total volatility	2.63	—	—
Sortino ratio Return per unit of downside risk	2.90	—	—
Omega ratio Gain probability vs. loss probability	1.37	—	—
Calmar ratio Return relative to maximum drawdown	2.64	—	—
Martin ratio Return relative to average drawdown	6.47	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AIBU	QQUP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	1.98	-0.66

Drawdowns

AIBU vs. QQUP - Drawdown Comparison

The maximum AIBU drawdown since its inception was -51.17%, which is greater than QQUP's maximum drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for AIBU and QQUP.

Drawdown Indicators

	AIBU	QQUP	Difference
Max Drawdown Largest peak-to-trough decline	-51.17%	-37.67%	-13.50%
Max Drawdown (1Y) Largest decline over 1 year	-48.71%	—	—
Current Drawdown Current decline from peak	0.00%	-2.52%	+2.52%
Average Drawdown Average peak-to-trough decline	-13.78%	-9.21%	-4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.91%	—	—

Volatility

Volatility by Period

	AIBU	QQUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.51%	38.35%	+9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.33%	38.35%	+16.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.33%	38.35%	+16.98%

AIBU vs. QQUP - Expense Ratio Comparison

AIBU has a 0.96% expense ratio, which is higher than QQUP's 0.95% expense ratio.

Dividends

AIBU vs. QQUP - Dividend Comparison

AIBU's dividend yield for the trailing twelve months is around 1.45%, more than QQUP's 0.40% yield.

Position	TTM	2025	2024
AIBU Direxion Daily AI and Big Data Bull 2X Shares	1.45%	2.27%	1.33%
QQUP ProShares Ultra Top QQQ	0.40%	0.29%	0.00%

Frequently Asked Questions

Can I hold both AIBU and QQUP in my portfolio?

AIBU and QQUP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIBU or QQUP?

On fees, QQUP is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIBU or QQUP?

QQUP is cheaper with a 0.95% expense ratio, compared with 0.96% for AIBU.

Which ETF pays a higher dividend yield, AIBU or QQUP?

AIBU has the higher dividend yield at 1.45%, compared with 0.40% for QQUP.

What is the main difference between AIBU and QQUP?

AIBU tracks Solactive US AI & Big Data Index, while QQUP tracks Nasdaq-100 Mega Index (200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.96% for AIBU and 0.95% for QQUP.