BABU vs. QQQE
BABU (Direxion Daily BABA Bull 2X ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - BABU is a Leveraged Equities fund tracking the Alibaba Group Holding Limited (BABA), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. At a 0.40 correlation, their price movements are largely independent. BABU charges 0.97%/yr vs 0.35%/yr for QQQE.
Performance
BABU vs. QQQE - Performance Comparison
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Returns By Period
BABU
- 1D
- -3.80%
- 1M
- 20.16%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QQQE
- 1D
- -0.96%
- 1M
- -2.16%
- 6M
- 10.84%
- YTD
- 13.91%
- 1Y
- 16.54%
- 3Y*
- 14.39%
- 5Y*
- 8.04%
- 10Y*
- 14.57%
- ALL TIME*
- 14.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.55M | $3.48M | $1.63M | |
| $21.63M | $24.27M | $23.60M |
BABU vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BABU Direxion Daily BABA Bull 2X ETF | -56.94% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 13.25% |
Correlation
The correlation between BABU and QQQE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026 | 0.40 |
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Return for Risk
BABU vs. QQQE — Risk / Return Rank
BABU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQE
BABU vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BABA Bull 2X ETF (BABU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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.
| BABU | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.77 | — |
| Martin ratioReturn relative to average drawdown | — | 5.67 | — |
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Drawdowns
BABU vs. QQQE - Drawdown Comparison
The maximum BABU drawdown since its inception was -69.52%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for BABU and QQQE.
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Drawdown Indicators
| BABU | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.52% | -32.14% | -37.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.41% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -56.94% | -5.19% | -51.75% |
Average DrawdownAverage peak-to-trough decline | -42.13% | -5.14% | -36.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.93% | — |
Volatility
BABU vs. QQQE - Volatility Comparison
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Volatility by Period
| BABU | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 84.71% | 15.94% | +68.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.71% | 20.58% | +64.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.71% | 20.75% | +63.96% |
BABU vs. QQQE - Expense Ratio Comparison
BABU has a 0.97% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
BABU vs. QQQE - Dividend Comparison
BABU's dividend yield for the trailing twelve months is around 0.93%, more than QQQE's 0.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BABU Direxion Daily BABA Bull 2X ETF | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.59% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
BABU and QQQE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQE is cheaper with a 0.35% expense ratio, compared with 0.97% for BABU.
BABU has the higher dividend yield at 0.93%, compared with 0.59% for QQQE.
BABU is categorized as Leveraged Equities, while QQQE is Nasdaq-100. BABU tracks Alibaba Group Holding Limited (BABA), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 0.97% for BABU and 0.35% for QQQE.
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