CSCL vs. OOQB

Last updated Jun 5, 2026

CSCL (Direxion Daily CSCO Bull 2X Shares) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - CSCL is a Leveraged Equities fund managed by Direxion, while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. At a 0.24 correlation, their price movements are largely independent. CSCL charges 1.07%/yr vs 0.75%/yr for OOQB.

Performance

CSCL vs. OOQB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily CSCO Bull 2X Shares (CSCL) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSCL achieves a 160.53% return, which is significantly higher than OOQB's -18.43% return.

CSCL

• 1D: 5.31%
• 1M: 84.09%
• YTD: 160.53%
• 6M: 153.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OOQB

• 1D: 0.00%
• 1M: 0.00%
• YTD: -18.43%
• 6M: -24.56%
• 1Y: -26.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSCL vs. OOQB - Yearly Performance Comparison

	2026 (YTD)	2025
CSCL Direxion Daily CSCO Bull 2X Shares	160.53%	20.48%
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	-18.43%	-13.56%

Correlation

The correlation between CSCL and OOQB is 0.24, 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 Jun 26, 2025	0.24

Return for Risk

CSCL vs. OOQB — Risk / Return Rank

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

OOQB

OOQB Risk / Return Rank: 5
OOQB Sharpe Ratio Rank: 5
OOQB Sortino Ratio Rank: 5
OOQB Omega Ratio Rank: 5
OOQB Calmar Ratio Rank: 5
OOQB Martin Ratio Rank: 5

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.

CSCL vs. OOQB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bull 2X Shares (CSCL) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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.

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

Sharpe Ratios by Period

	CSCL	OOQB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.89	-0.41	+4.30

Drawdowns

CSCL vs. OOQB - Drawdown Comparison

The maximum CSCL drawdown since its inception was -27.15%, smaller than the maximum OOQB drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for CSCL and OOQB.

Drawdown Indicators

	CSCL	OOQB	Difference
Max Drawdown Largest peak-to-trough decline	-27.15%	-53.44%	+26.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.44%	—
Current Drawdown Current decline from peak	0.00%	-43.69%	+43.69%
Average Drawdown Average peak-to-trough decline	-8.49%	-23.32%	+14.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.24%	—

Volatility

Volatility by Period

	CSCL	OOQB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.12%	51.51%	+9.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.12%	58.03%	+3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.12%	58.03%	+3.09%

CSCL vs. OOQB - Expense Ratio Comparison

CSCL has a 1.07% expense ratio, which is higher than OOQB's 0.75% expense ratio.

Dividends

CSCL vs. OOQB - Dividend Comparison

CSCL's dividend yield for the trailing twelve months is around 0.74%, less than OOQB's 11.62% yield.

Position	TTM	2025
CSCL Direxion Daily CSCO Bull 2X Shares	0.74%	1.31%
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	11.62%	9.53%

Frequently Asked Questions

Can I hold both CSCL and OOQB in my portfolio?

CSCL and OOQB have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSCL or OOQB?

On fees, OOQB is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSCL or OOQB?

OOQB is cheaper with a 0.75% expense ratio, compared with 1.07% for CSCL.

Which ETF pays a higher dividend yield, CSCL or OOQB?

OOQB has the higher dividend yield at 11.62%, compared with 0.74% for CSCL.

What is the main difference between CSCL and OOQB?

CSCL is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: Direxion and Volatility Shares. Their fees differ too: 1.07% for CSCL and 0.75% for OOQB.