EURL vs. QQQ
Compare and contrast key facts about Direxion Daily FTSE Europe Bull 3x Shares (EURL) and Invesco QQQ (QQQ).
EURL and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EURL is a passively managed fund by Direxion that tracks the performance of the FTSE Developed Europe Index (300%). It was launched on Jan 22, 2014. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both EURL and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EURL or QQQ.
Performance
EURL vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, EURL achieves a -7.67% return, which is significantly lower than QQQ's 23.40% return. Over the past 10 years, EURL has underperformed QQQ with an annualized return of -3.10%, while QQQ has yielded a comparatively higher 18.08% annualized return.
EURL
-7.67%
-18.00%
-22.59%
9.44%
-4.78%
-3.10%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| EURL | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.20 | 1.71 |
| Sortino Ratio | 0.55 | 2.29 |
| Omega Ratio | 1.06 | 1.31 |
| Calmar Ratio | 0.15 | 2.19 |
| Martin Ratio | 0.85 | 7.95 |
| Ulcer Index | 9.58% | 3.73% |
| Daily Std Dev | 39.79% | 17.38% |
| Max Drawdown | -84.65% | -82.98% |
| Current Drawdown | -48.60% | -2.13% |
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EURL vs. QQQ - Expense Ratio Comparison
EURL has a 1.07% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between EURL and QQQ is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
EURL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily FTSE Europe Bull 3x Shares (EURL) and Invesco QQQ (QQQ). 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.
Dividends
EURL vs. QQQ - Dividend Comparison
EURL's dividend yield for the trailing twelve months is around 3.32%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURL Direxion Daily FTSE Europe Bull 3x Shares | 3.32% | 2.50% | 1.80% | 0.33% | 0.41% | 1.17% | 3.07% | 0.38% | 0.00% | 0.00% | 0.79% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
EURL vs. QQQ - Drawdown Comparison
The maximum EURL drawdown since its inception was -84.65%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EURL and QQQ. For additional features, visit the drawdowns tool.
Volatility
EURL vs. QQQ - Volatility Comparison
Direxion Daily FTSE Europe Bull 3x Shares (EURL) has a higher volatility of 12.76% compared to Invesco QQQ (QQQ) at 5.66%. This indicates that EURL's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.