BULZ vs. QQXL
BULZ (MicroSectors Solactive FANG & Innovation 3X Leveraged ETN) and QQXL (ProShares Ultra QQQ Top 30) are both Leveraged Equities funds. BULZ is passively managed, while QQXL is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.
Performance
BULZ vs. QQXL - Performance Comparison
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Returns By Period
In the year-to-date period, BULZ achieves a 100.89% return, which is significantly higher than QQXL's 43.77% return.
BULZ
- 1D
- -3.69%
- 1M
- 48.46%
- YTD
- 100.89%
- 6M
- 88.97%
- 1Y
- 258.75%
- 3Y*
- 102.20%
- 5Y*
- —
- 10Y*
- —
QQXL
- 1D
- -0.49%
- 1M
- 21.56%
- YTD
- 43.77%
- 6M
- 41.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BULZ vs. QQXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 100.89% | 23.90% |
QQXL ProShares Ultra QQQ Top 30 | 43.77% | 8.66% |
Correlation
The correlation between BULZ and QQXL is 0.91, 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 18, 2025 | 0.91 |
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Return for Risk
BULZ vs. QQXL — Risk / Return Rank
BULZ
QQXL
BULZ vs. QQXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (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.
| BULZ | QQXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | — | — |
| Martin ratioReturn relative to average drawdown | 12.88 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BULZ | QQXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 2.04 | -1.86 |
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.
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Drawdown Indicators
| BULZ | QQXL | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -5.35% | -0.49% | -4.86% |
Average DrawdownAverage peak-to-trough decline | -58.42% | -6.76% | -51.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.19% | — | — |
Volatility
BULZ vs. QQXL - Volatility Comparison
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Volatility by Period
| BULZ | QQXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 56.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.35% | 36.98% | +37.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.23% | 36.98% | +54.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.23% | 36.98% | +54.25% |
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 0.45%.
| Position | TTM | 2025 |
|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 0.00% | 0.00% |
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 0.08% |
Frequently Asked Questions
With a correlation of 0.91, 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.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BULZ and QQXL have the same expense ratio: 0.95% per year.
QQXL has the higher dividend yield at 0.45%, compared with 0.00% for BULZ.
They also come from different issuers: BMO and ProShares.
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