BULZ vs. QQXL

Last updated Jun 24, 2026

BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) and QQXL (ProShares Ultra QQQ Top 30) are both Leveraged Equities funds. BULZ is passively managed, while QQXL is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.

Performance

BULZ vs. QQXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) and ProShares Ultra QQQ Top 30 (QQXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BULZ achieves a 42.05% return, which is significantly higher than QQXL's 29.98% return.

BULZ

• 1D: -11.88%
• 1M: -15.57%
• YTD: 42.05%
• 6M: 35.20%
• 1Y: 135.83%
• 3Y*: 74.62%
• 5Y*: —
• 10Y*: —

QQXL

• 1D: -6.94%
• 1M: -4.15%
• YTD: 29.98%
• 6M: 26.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BULZ vs. QQXL - Yearly Performance Comparison

	2026 (YTD)	2025
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs	42.05%	21.96%
QQXL ProShares Ultra QQQ Top 30	29.98%	9.00%

Correlation

The correlation between BULZ and QQXL is 0.92, 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 Aug 15, 2025	0.92

Return for Risk

BULZ vs. QQXL — Risk / Return Rank

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

BULZ

BULZ Risk / Return Rank: 47
BULZ Sharpe Ratio Rank: 52
BULZ Sortino Ratio Rank: 44
BULZ Omega Ratio Rank: 45
BULZ Calmar Ratio Rank: 53
BULZ Martin Ratio Rank: 42

QQXL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BULZ vs. QQXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) and ProShares Ultra QQQ Top 30 (QQXL). 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.

	BULZ	QQXL	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.12	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.52	—	—
Martin ratio: Return relative to average drawdown	6.50	—	—

Drawdowns

BULZ vs. QQXL - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, which is greater than QQXL's maximum drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for BULZ and QQXL.

Drawdown Indicators

	BULZ	QQXL	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-27.34%	-67.10%
Max Drawdown (1Y) Largest decline over 1 year	-54.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-67.96%	—	—
Current Drawdown Current decline from peak	-33.07%	-10.03%	-23.04%
Average Drawdown Average peak-to-trough decline	-58.02%	-6.77%	-51.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.98%	—	—

Volatility

Volatility by Period

	BULZ	QQXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	63.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	80.03%	40.62%	+39.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.84%	40.62%	+51.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.84%	40.62%	+51.22%

BULZ vs. QQXL - Expense Ratio Comparison

Both BULZ and QQXL have an expense ratio of 0.95%.

Dividends

BULZ vs. QQXL - Dividend Comparison

BULZ has not paid dividends to shareholders, while QQXL's dividend yield for the trailing twelve months is around 0.49%.

Position	TTM	2025
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs	0.00%	0.00%
QQXL ProShares Ultra QQQ Top 30	0.49%	0.08%

Frequently Asked Questions

Can I hold both BULZ and QQXL in my portfolio?

With a correlation of 0.92, BULZ and QQXL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BULZ or QQXL?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BULZ or QQXL?

BULZ and QQXL have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, BULZ or QQXL?

QQXL has the higher dividend yield at 0.49%, compared with 0.00% for BULZ.

What is the main difference between BULZ and QQXL?

They also come from different issuers: BMO and ProShares.