IVEP vs. QQQU

Last updated Jun 4, 2026

IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) and QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) are both exchange-traded funds - IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index, while QQQU is a Leveraged Equities fund tracking the The Indxx Magnificent 7 Index (200%). Both are passively managed. At a 0.32 correlation, their price movements are largely independent. IVEP charges 0.75%/yr vs 1.07%/yr for QQQU.

Performance

IVEP vs. QQQU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IVEP

• 1D: -0.87%
• 1M: -1.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQU

• 1D: -2.40%
• 1M: 4.02%
• YTD: 3.96%
• 6M: 3.60%
• 1Y: 60.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVEP vs. QQQU - Yearly Performance Comparison

	2026 (YTD)
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	8.37%
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	29.76%

Correlation

The correlation between IVEP and QQQU is 0.32, 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 Apr 9, 2026	0.32

Return for Risk

IVEP vs. QQQU — Risk / Return Rank

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

QQQU

QQQU Risk / Return Rank: 37
QQQU Sharpe Ratio Rank: 42
QQQU Sortino Ratio Rank: 38
QQQU Omega Ratio Rank: 37
QQQU Calmar Ratio Rank: 33
QQQU Martin Ratio Rank: 34

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.

IVEP vs. QQQU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU). 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

	IVEP	QQQU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.62	0.97	+1.65

Drawdowns

IVEP vs. QQQU - Drawdown Comparison

The maximum IVEP drawdown since its inception was -7.34%, smaller than the maximum QQQU drawdown of -53.70%. Use the drawdown chart below to compare losses from any high point for IVEP and QQQU.

Drawdown Indicators

	IVEP	QQQU	Difference
Max Drawdown Largest peak-to-trough decline	-7.34%	-53.70%	+46.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-36.29%	—
Current Drawdown Current decline from peak	-3.31%	-7.14%	+3.83%
Average Drawdown Average peak-to-trough decline	-1.97%	-13.34%	+11.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.62%	—

Volatility

Volatility by Period

	IVEP	QQQU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.29%	39.87%	-13.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.29%	52.99%	-26.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.29%	52.99%	-26.70%

IVEP vs. QQQU - Expense Ratio Comparison

IVEP has a 0.75% expense ratio, which is lower than QQQU's 1.07% expense ratio.

Dividends

IVEP vs. QQQU - Dividend Comparison

IVEP has not paid dividends to shareholders, while QQQU's dividend yield for the trailing twelve months is around 9.23%.

Position	TTM	2025	2024
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%	0.00%
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	9.23%	9.62%	2.75%

Frequently Asked Questions

Can I hold both IVEP and QQQU in my portfolio?

IVEP and QQQU have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVEP or QQQU?

On fees, IVEP 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, IVEP or QQQU?

IVEP is cheaper with a 0.75% expense ratio, compared with 1.07% for QQQU.

Which ETF pays a higher dividend yield, IVEP or QQQU?

QQQU has the higher dividend yield at 9.23%, compared with 0.00% for IVEP.

What is the main difference between IVEP and QQQU?

IVEP is categorized as Industrials Equities, while QQQU is Leveraged Equities. IVEP tracks Solactive Wedbush AI Power & Infrastructure Index, while QQQU tracks The Indxx Magnificent 7 Index (200%). They also come from different issuers: Wedbush and Direxion. Their fees differ too: 0.75% for IVEP and 1.07% for QQQU.