LMTL vs. QQQE

Last updated Jun 5, 2026

LMTL (Direxion Daily LMT Bull 2X ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - LMTL is a Leveraged Equities fund actively managed by Direxion, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. LMTL is actively managed, while QQQE is passively managed. At a 0.09 correlation, their price movements are largely independent. LMTL charges 1.07%/yr vs 0.35%/yr for QQQE.

Performance

LMTL vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily LMT Bull 2X ETF (LMTL) 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, LMTL achieves a 8.57% return, which is significantly lower than QQQE's 18.85% return.

LMTL

• 1D: 2.29%
• 1M: 4.14%
• YTD: 8.57%
• 6M: 25.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQE

• 1D: -0.22%
• 1M: 9.15%
• YTD: 18.85%
• 6M: 17.59%
• 1Y: 28.07%
• 3Y*: 18.58%
• 5Y*: 10.25%
• 10Y*: 15.43%

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

LMTL vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025
LMTL Direxion Daily LMT Bull 2X ETF	8.57%	20.61%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	18.85%	4.76%

Correlation

The correlation between LMTL and QQQE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025	0.09

Return for Risk

LMTL vs. QQQE — Risk / Return Rank

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

QQQE

QQQE Risk / Return Rank: 59
QQQE Sharpe Ratio Rank: 60
QQQE Sortino Ratio Rank: 59
QQQE Omega Ratio Rank: 56
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 59

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.

LMTL vs. QQQE - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	LMTL	QQQE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.76	+0.03

Drawdowns

LMTL vs. QQQE - Drawdown Comparison

The maximum LMTL drawdown since its inception was -45.74%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for LMTL and QQQE.

Drawdown Indicators

	LMTL	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-45.74%	-32.14%	-13.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.41%	—
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	-43.02%	-0.32%	-42.70%
Average Drawdown Average peak-to-trough decline	-13.72%	-5.17%	-8.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.72%	—

Volatility

Volatility by Period

	LMTL	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	48.78%	14.13%	+34.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.78%	20.29%	+28.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.78%	20.72%	+28.06%

LMTL vs. QQQE - Expense Ratio Comparison

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

Dividends

LMTL vs. QQQE - Dividend Comparison

LMTL's dividend yield for the trailing twelve months is around 3.47%, more than QQQE's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMTL Direxion Daily LMT Bull 2X ETF	3.47%	3.18%	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	0.52%	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 LMTL and QQQE in my portfolio?

LMTL and QQQE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMTL or QQQE?

On fees, QQQE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LMTL or QQQE?

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

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

LMTL has the higher dividend yield at 3.47%, compared with 0.52% for QQQE.

What is the main difference between LMTL and QQQE?

LMTL is categorized as Leveraged Equities, while QQQE is Nasdaq-100. Their fees differ too: 1.07% for LMTL and 0.35% for QQQE.