AMUU vs. TQQQ

Last updated Jul 12, 2026

AMUU (Direxion Daily AMD Bull 2X Shares) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds. AMUU is actively managed, while TQQQ is passively managed. Over the past year, AMUU returned 733.19% vs 85.21% for TQQQ. A 0.68 correlation means they provide meaningful diversification when combined. AMUU charges 0.97%/yr vs 0.95%/yr for TQQQ.

Performance

AMUU vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMD Bull 2X Shares (AMUU) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMUU achieves a 383.73% return, which is significantly higher than TQQQ's 46.69% return.

AMUU

• 1D: 4.02%
• 1M: 13.14%
• 6M: 441.35%
• YTD: 383.73%
• 1Y: 733.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: 0.90%
• 1M: -0.40%
• 6M: 38.69%
• YTD: 46.69%
• 1Y: 85.21%
• 3Y*: 57.92%
• 5Y*: 20.15%
• 10Y*: 43.22%

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

AMUU vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
AMUU Direxion Daily AMD Bull 2X Shares	383.73%	153.20%
TQQQ ProShares UltraPro QQQ	46.69%	25.03%

Correlation

The correlation between AMUU and TQQQ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	0.68

The correlation between AMUU and TQQQ has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

AMUU vs. TQQQ - Sectors Allocation Comparison

Sectors	AMUU	TQQQ
Technology	100.0%	53.8%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

AMUU vs. TQQQ — Risk / Return Rank

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

AMUU

AMUU Risk / Return Rank: 96
AMUU Sharpe Ratio Rank: 99
AMUU Sortino Ratio Rank: 94
AMUU Omega Ratio Rank: 93
AMUU Calmar Ratio Rank: 98
AMUU Martin Ratio Rank: 96

TQQQ

TQQQ Risk / Return Rank: 53
TQQQ Sharpe Ratio Rank: 57
TQQQ Sortino Ratio Rank: 50
TQQQ Omega Ratio Rank: 51
TQQQ Calmar Ratio Rank: 57
TQQQ Martin Ratio Rank: 52

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.

AMUU vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bull 2X Shares (AMUU) and ProShares UltraPro QQQ (TQQQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMUU	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	5.61	1.54	+4.07
Sortino ratio: Return per unit of downside risk	3.89	2.00	+1.90
Omega ratio: Gain probability vs. loss probability	1.50	1.26	+0.24
Calmar ratio: Return relative to maximum drawdown	13.62	2.28	+11.34
Martin ratio: Return relative to average drawdown	26.34	7.02	+19.32

AMUU vs. TQQQ - Sharpe Ratio Comparison

The current AMUU Sharpe Ratio is 5.61, which is higher than the TQQQ Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of AMUU and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMUU vs. TQQQ - Drawdown Comparison

The maximum AMUU drawdown since its inception was -56.47%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for AMUU and TQQQ.

Drawdown Indicators

	AMUU	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-56.47%	-81.66%	+25.19%
Max Drawdown (1Y) Largest decline over 1 year	-56.31%	-36.97%	-19.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-9.29%	-11.48%	+2.19%
Average Drawdown Average peak-to-trough decline	-22.13%	-18.48%	-3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.05%	11.97%	+17.08%

Volatility

AMUU vs. TQQQ - Volatility Comparison

Direxion Daily AMD Bull 2X Shares (AMUU) has a higher volatility of 46.47% compared to ProShares UltraPro QQQ (TQQQ) at 25.52%. This indicates that AMUU's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMUU	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.47%	25.52%	+20.95%
Volatility (6M) Calculated over the trailing 6-month period	105.74%	45.43%	+60.31%
Volatility (1Y) Calculated over the trailing 1-year period	136.96%	54.89%	+82.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.91%	67.67%	+66.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.91%	66.35%	+67.56%

AMUU vs. TQQQ - Expense Ratio Comparison

AMUU has a 0.97% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

Dividends

AMUU vs. TQQQ - Dividend Comparison

AMUU's dividend yield for the trailing twelve months is around 3.11%, more than TQQQ's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMUU Direxion Daily AMD Bull 2X Shares	3.11%	13.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.49%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both AMUU and TQQQ in my portfolio?

AMUU and TQQQ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMUU or TQQQ?

AMUU has higher volatility (46.47%) compared to TQQQ (25.52%). In terms of maximum drawdown, AMUU dropped -56.47% vs TQQQ's -81.66%.

Which ETF is better, AMUU or TQQQ?

On 1-year performance, AMUU leads with 733.19% vs 85.21% for TQQQ. On fees, TQQQ is cheaper at 0.95% per year. On volatility, TQQQ has been the lower-risk option at 25.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMUU or TQQQ?

Over the 1-year period, AMUU has performed better with a 733.19% return vs 85.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMUU or TQQQ?

TQQQ is cheaper with a 0.95% expense ratio, compared with 0.97% for AMUU.

Which ETF pays a higher dividend yield, AMUU or TQQQ?

AMUU has the higher dividend yield at 3.11%, compared with 0.49% for TQQQ.

What is the main difference between AMUU and TQQQ?

They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.97% for AMUU and 0.95% for TQQQ.

Which has better risk-adjusted returns?

AMUU currently has the higher Sharpe Ratio (5.61 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.