BRZU vs. QQQE

Last updated Jun 26, 2026

BRZU (Direxion Daily Brazil Bull 2X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - BRZU is a Leveraged Equities fund tracking the MSCI Brazil 25/50 Index, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 10 years, BRZU returned -16.32%/yr vs 16.24%/yr for QQQE. At a 0.41 correlation, their price movements are largely independent. BRZU charges 1.29%/yr vs 0.35%/yr for QQQE.

Performance

BRZU vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Brazil Bull 2X Shares (BRZU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRZU achieves a 10.43% return, which is significantly lower than QQQE's 17.16% return. Over the past 10 years, BRZU has underperformed QQQE with an annualized return of -16.32%, while QQQE has yielded a comparatively higher 16.24% annualized return.

BRZU

• 1D: 1.88%
• 1M: -11.31%
• YTD: 10.43%
• 6M: 12.45%
• 1Y: 49.04%
• 3Y*: 2.80%
• 5Y*: -4.20%
• 10Y*: -16.32%

QQQE

• 1D: 0.68%
• 1M: 1.10%
• YTD: 17.16%
• 6M: 15.52%
• 1Y: 24.45%
• 3Y*: 17.83%
• 5Y*: 9.20%
• 10Y*: 16.24%

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

BRZU vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRZU Direxion Daily Brazil Bull 2X Shares	10.43%	97.99%	-57.07%	55.48%	8.30%	-39.23%	-91.34%	57.02%	-37.21%	30.80%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	17.16%	14.58%	6.98%	33.76%	-24.47%	17.93%	37.85%	36.43%	-5.40%	26.53%

Correlation

The correlation between BRZU and QQQE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013	0.41

BRZU vs. QQQE - Sectors Allocation Comparison

Sectors	BRZU	QQQE
Financial Services	33.4%	0.8%
Energy	16.7%	1.7%
Basic Materials	15.3%	0.8%
Utilities	12.8%	3.4%
Industrials	11.0%	9.3%
Consumer Defensive	4.6%	7.0%
Healthcare	2.3%	7.8%
Communication Services	2.1%	8.4%
Consumer Cyclical	1.4%	9.8%
Technology	0.4%	51.0%
Real Estate	-	0.7%

Return for Risk

BRZU vs. QQQE — Risk / Return Rank

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

BRZU

BRZU Risk / Return Rank: 30
BRZU Sharpe Ratio Rank: 30
BRZU Sortino Ratio Rank: 31
BRZU Omega Ratio Rank: 30
BRZU Calmar Ratio Rank: 30
BRZU Martin Ratio Rank: 28

QQQE

QQQE Risk / Return Rank: 54
QQQE Sharpe Ratio Rank: 53
QQQE Sortino Ratio Rank: 50
QQQE Omega Ratio Rank: 50
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 57

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.

BRZU vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Brazil Bull 2X Shares (BRZU) 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.

	BRZU	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.58	-0.59
Sortino ratio: Return per unit of downside risk	1.52	2.16	-0.65
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio: Return relative to maximum drawdown	1.37	2.61	-1.24
Martin ratio: Return relative to average drawdown	3.67	8.73	-5.06

BRZU vs. QQQE - Sharpe Ratio Comparison

The current BRZU Sharpe Ratio is 0.99, which is lower than the QQQE Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of BRZU and QQQE, 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

BRZU vs. QQQE - Drawdown Comparison

The maximum BRZU drawdown since its inception was -99.71%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for BRZU and QQQE.

Drawdown Indicators

	BRZU	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-99.71%	-32.14%	-67.57%
Max Drawdown (1Y) Largest decline over 1 year	-35.97%	-9.41%	-26.56%
Max Drawdown (3Y) Largest decline over 3 years	-58.25%	-21.38%	-36.87%
Max Drawdown (5Y) Largest decline over 5 years	-63.60%	-32.14%	-31.46%
Max Drawdown (10Y) Largest decline over 10 years	-98.11%	-32.14%	-65.97%
Current Drawdown Current decline from peak	-99.21%	-2.48%	-96.73%
Average Drawdown Average peak-to-trough decline	-89.57%	-5.15%	-84.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.42%	2.81%	+10.61%

Volatility

BRZU vs. QQQE - Volatility Comparison

Direxion Daily Brazil Bull 2X Shares (BRZU) has a higher volatility of 12.17% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 7.91%. This indicates that BRZU's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRZU	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.17%	7.91%	+4.26%
Volatility (6M) Calculated over the trailing 6-month period	39.53%	12.70%	+26.83%
Volatility (1Y) Calculated over the trailing 1-year period	49.99%	15.57%	+34.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.43%	20.54%	+34.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.67%	20.79%	+61.88%

BRZU vs. QQQE - Expense Ratio Comparison

BRZU has a 1.29% expense ratio, which is higher than QQQE's 0.35% expense ratio.

Dividends

BRZU vs. QQQE - Dividend Comparison

BRZU's dividend yield for the trailing twelve months is around 2.04%, more than QQQE's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRZU Direxion Daily Brazil Bull 2X Shares	2.04%	2.39%	8.73%	3.24%	4.70%	6.29%	0.78%	0.95%	1.04%	0.74%	0.00%	0.00%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.57%	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

Can I hold both BRZU and QQQE in my portfolio?

BRZU and QQQE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRZU or QQQE?

BRZU has higher volatility (12.17%) compared to QQQE (7.91%). In terms of maximum drawdown, BRZU dropped -99.71% vs QQQE's -32.14%.

Which ETF is better, BRZU or QQQE?

On 10-year performance, QQQE leads with 16.24% vs -16.32% for BRZU. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 7.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRZU or QQQE?

Over the 10-year period, QQQE has performed better with a 16.24% return vs -16.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRZU or QQQE?

QQQE is cheaper with a 0.35% expense ratio, compared with 1.29% for BRZU.

Which ETF pays a higher dividend yield, BRZU or QQQE?

BRZU has the higher dividend yield at 2.04%, compared with 0.57% for QQQE.

What is the main difference between BRZU and QQQE?

BRZU is categorized as Leveraged Equities, while QQQE is Nasdaq-100. BRZU tracks MSCI Brazil 25/50 Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.29% for BRZU and 0.35% for QQQE.

Which has better risk-adjusted returns?

QQQE currently has the higher Sharpe Ratio (1.58 vs 0.99), 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.