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EURL vs. QQQE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EURL vs. QQQE

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily FTSE Europe Bull 3x Shares (EURL) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).

EURL and QQQE 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. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012. Both EURL and QQQE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EURL vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily FTSE Europe Bull 3x Shares (EURL) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

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EURL vs. QQQE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EURL
Direxion Daily FTSE Europe Bull 3x Shares		-7.92%105.85%-11.42%44.19%-54.41%46.59%-23.19%72.61%-46.39%91.32%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		-3.54%14.58%6.98%33.76%-24.47%17.93%37.85%36.43%-5.40%26.53%

Returns By Period

In the year-to-date period, EURL achieves a -7.92% return, which is significantly lower than QQQE's -3.54% return. Over the past 10 years, EURL has underperformed QQQE with an annualized return of 7.52%, while QQQE has yielded a comparatively higher 13.22% annualized return.

EURL

1D
8.71%
1M
-25.55%
YTD
-7.92%
6M
4.42%
1Y
44.29%
3Y*
24.06%
5Y*
6.41%
10Y*
7.52%

QQQE

1D
2.57%
1M
-5.09%
YTD
-3.54%
6M
-2.70%
1Y
13.72%
3Y*
11.59%
5Y*
6.19%
10Y*
13.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Direxion Daily FTSE Europe Bull 3x Shares

Direxion NASDAQ-100 Equal Weighted Index Shares

Often compared with EURL:
EURL vs. EUFNEURL vs. QQQEURL vs. SOXLEURL vs. UPVEURL vs. VGKEURL vs. TQQQEURL vs. VYMI
Often compared with QQQE:
QQQE vs. QQQQQQE vs. QQQMQQQE vs. QQEWQQQE vs. TQQQQQQE vs. SPYGQQQE vs. VOOQQQE vs. SPY

EURL vs. QQQE - Expense Ratio Comparison

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

EURL
Direxion Daily FTSE Europe Bull 3x Shares
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares

Return for Risk

EURL vs. QQQE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EURL
EURL Risk / Return Rank: 5050
Overall Rank
EURL Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
EURL Sortino Ratio Rank: 5454
Sortino Ratio Rank
EURL Omega Ratio Rank: 5353
Omega Ratio Rank
EURL Calmar Ratio Rank: 4848
Calmar Ratio Rank
EURL Martin Ratio Rank: 4545
Martin Ratio Rank
QQQE
QQQE Risk / Return Rank: 4343
Overall Rank
QQQE Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
QQQE Sortino Ratio Rank: 4242
Sortino Ratio Rank
QQQE Omega Ratio Rank: 4242
Omega Ratio Rank
QQQE Calmar Ratio Rank: 4646
Calmar Ratio Rank
QQQE Martin Ratio Rank: 4848
Martin Ratio Rank
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.

EURL vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily FTSE Europe Bull 3x Shares (EURL) 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.

EURLQQQEDifference

Sharpe ratio

Return per unit of total volatility

0.85

0.67

+0.18

Sortino ratio

Return per unit of downside risk

1.41

1.11

+0.29

Omega ratio

Gain probability vs. loss probability

1.20

1.16

+0.04

Calmar ratio

Return relative to maximum drawdown

1.19

1.08

+0.11

Martin ratio

Return relative to average drawdown

4.25

4.38

-0.13

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EURL vs. QQQE - Sharpe Ratio Comparison

The current EURL Sharpe Ratio is 0.85, which is comparable to the QQQE Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of EURL and QQQE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EURLQQQEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

0.67

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.12

0.31

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.14

0.64

-0.50

Sharpe Ratio (All Time)

Calculated using the full available price history

0.01

0.68

-0.67

Correlation

The correlation between EURL and QQQE is 0.70, 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.

Dividends

EURL vs. QQQE - Dividend Comparison

EURL's dividend yield for the trailing twelve months is around 1.70%, more than QQQE's 0.64% yield.

TTM20252024202320222021202020192018201720162015
EURL
Direxion Daily FTSE Europe Bull 3x Shares		1.70%1.50%3.51%2.50%1.80%0.33%0.41%1.17%3.07%0.38%0.00%0.00%
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares		0.64%0.52%0.86%0.79%0.98%3.83%0.54%0.74%0.80%0.65%1.17%0.57%

Drawdowns

EURL vs. QQQE - Drawdown Comparison

The maximum EURL drawdown since its inception was -84.65%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for EURL and QQQE.

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Drawdown Indicators

EURLQQQEDifference

Max Drawdown

Largest peak-to-trough decline

-84.65%

-32.14%

-52.51%

Max Drawdown (1Y)

Largest decline over 1 year

-33.05%

-12.74%

-20.31%

Max Drawdown (5Y)

Largest decline over 5 years

-75.24%

-32.14%

-43.10%

Max Drawdown (10Y)

Largest decline over 10 years

-84.65%

-32.14%

-52.51%

Current Drawdown

Current decline from peak

-26.13%

-7.08%

-19.05%

Average Drawdown

Average peak-to-trough decline

-37.31%

-5.22%

-32.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.27%

3.13%

+6.14%

Volatility

EURL vs. QQQE - Volatility Comparison

Direxion Daily FTSE Europe Bull 3x Shares (EURL) has a higher volatility of 22.57% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 5.68%. This indicates that EURL'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.

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Volatility by Period

EURLQQQEDifference

Volatility (1M)

Calculated over the trailing 1-month period

22.57%

5.68%

+16.89%

Volatility (6M)

Calculated over the trailing 6-month period

32.59%

11.03%

+21.56%

Volatility (1Y)

Calculated over the trailing 1-year period

52.28%

20.46%

+31.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

52.65%

20.33%

+32.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

55.51%

20.71%

+34.80%