CSCL vs. QQQE

Last updated Aug 2, 2026

CSCL (Direxion Daily CSCO Bull 2X ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - CSCL is a Leveraged Equities fund tracking the Cisco Systems, Inc. (CSCO), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past year, CSCL returned 151.43% vs 21.68% for QQQE. Their 0.43 correlation means their historical movements had little consistent relationship. CSCL charges 1.07%/yr vs 0.35%/yr for QQQE.

Performance

CSCL vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily CSCO Bull 2X ETF (CSCL) 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, CSCL achieves a 101.65% return, which is significantly higher than QQQE's 14.79% return.

CSCL

• 1D: 4.05%
• 1M: 4.91%
• 6M: 95.60%
• YTD: 101.65%
• 1Y: 151.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 124.88%

QQQE

• 1D: 0.29%
• 1M: -2.56%
• 6M: 13.07%
• YTD: 14.79%
• 1Y: 21.68%
• 3Y*: 14.21%
• 5Y*: 8.11%
• 10Y*: 14.70%
• ALL TIME*: 14.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CSCL Direxion Daily CSCO Bull 2X ETF	$610.32K	$803.47K	$2.68M
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	$22.33M	$22.31M	$23.91M

CSCL vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025
CSCL Direxion Daily CSCO Bull 2X ETF	101.65%	20.73%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	14.79%	5.68%

Correlation

The correlation between CSCL and QQQE is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.43

CSCL vs. QQQE - Sectors Allocation Comparison

Sectors	CSCL	QQQE
Technology	100.0%	44.3%
Basic Materials	-	1.0%
Communication Services	-	9.6%
Consumer Cyclical	-	10.9%
Consumer Defensive	-	8.0%
Energy	-	1.8%
Financial Services	-	1.0%
Healthcare	-	8.8%
Industrials	-	10.8%
Real Estate	-	0.7%
Utilities	-	3.9%

Return for Risk

CSCL vs. QQQE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CSCL

CSCL Risk / Return Rank: 85
CSCL Sharpe Ratio Rank: 89
CSCL Sortino Ratio Rank: 77
CSCL Omega Ratio Rank: 84
CSCL Calmar Ratio Rank: 94
CSCL Martin Ratio Rank: 81

QQQE

QQQE Risk / Return Rank: 53
QQQE Sharpe Ratio Rank: 52
QQQE Sortino Ratio Rank: 50
QQQE Omega Ratio Rank: 48
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CSCL vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bull 2X ETF (CSCL) 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.

	CSCL	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.25	+0.96
Sortino ratio: Return per unit of downside risk	2.51	1.77	+0.74
Omega ratio: Gain probability vs. loss probability	1.36	1.22	+0.14
Calmar ratio: Return relative to maximum drawdown	4.74	2.11	+2.63
Martin ratio: Return relative to average drawdown	10.68	6.75	+3.93

CSCL vs. QQQE - Sharpe Ratio Comparison

The current CSCL Sharpe Ratio is 2.21, which is higher than the QQQE Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of CSCL 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

CSCL vs. QQQE - Drawdown Comparison

The maximum CSCL drawdown since its inception was -30.64%, roughly equal to the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for CSCL and QQQE.

Drawdown Indicators

	CSCL	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-30.64%	-32.14%	+1.50%
Max Drawdown (1Y) Largest decline over 1 year	-30.64%	-9.41%	-21.23%
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 Drawdown Current decline from peak	-22.60%	-4.46%	-18.14%
Average Drawdown Average peak-to-trough decline	-10.20%	-5.14%	-5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.57%	2.94%	+10.63%

Volatility

CSCL vs. QQQE - Volatility Comparison

Direxion Daily CSCO Bull 2X ETF (CSCL) has a higher volatility of 20.85% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.68%. This indicates that CSCL'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

	CSCL	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.85%	3.68%	+17.17%
Volatility (6M) Calculated over the trailing 6-month period	58.85%	12.96%	+45.89%
Volatility (1Y) Calculated over the trailing 1-year period	65.73%	16.02%	+49.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.17%	20.58%	+42.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.17%	20.76%	+42.41%

CSCL vs. QQQE - Expense Ratio Comparison

CSCL has a 1.07% expense ratio, which is higher than QQQE's 0.35% expense ratio.

Dividends

CSCL vs. QQQE - Dividend Comparison

CSCL's dividend yield for the trailing twelve months is around 1.26%, more than QQQE's 0.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSCL Direxion Daily CSCO Bull 2X ETF	1.26%	1.31%	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	0.58%	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 CSCL and QQQE in my portfolio?

CSCL and QQQE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSCL or QQQE?

CSCL has higher volatility (20.85%) compared to QQQE (3.68%). In terms of maximum drawdown, CSCL dropped -30.64% vs QQQE's -32.14%.

Which ETF is better, CSCL or QQQE?

On 1-year performance, CSCL leads with 151.43% vs 21.68% for QQQE. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSCL or QQQE?

Over the 1-year period, CSCL has performed better with a 151.43% return vs 21.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSCL or QQQE?

QQQE is cheaper with a 0.35% expense ratio, compared with 1.07% for CSCL.

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

CSCL has the higher dividend yield at 1.26%, compared with 0.58% for QQQE.

What is the main difference between CSCL and QQQE?

CSCL is categorized as Leveraged Equities, while QQQE is Nasdaq-100. CSCL tracks Cisco Systems, Inc. (CSCO), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.07% for CSCL and 0.35% for QQQE.

Which has better risk-adjusted returns?

CSCL currently has the higher Sharpe Ratio (2.21 vs 1.25), 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.