LULG vs. QCMU

Last updated Jun 23, 2026

LULG (Leverage Shares 2X Long LULU Daily ETF) and QCMU (Direxion Daily QCOM Bull 2X Shares) are both Leveraged Equities funds. At a 0.31 correlation, their price movements are largely independent. LULG charges 0.75%/yr vs 1.07%/yr for QCMU.

Performance

LULG vs. QCMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long LULU Daily ETF (LULG) and Direxion Daily QCOM Bull 2X Shares (QCMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LULG achieves a -78.27% return, which is significantly lower than QCMU's 35.64% return.

LULG

• 1D: -11.57%
• 1M: -33.75%
• YTD: -78.27%
• 6M: -79.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCMU

• 1D: -3.68%
• 1M: -17.77%
• YTD: 35.64%
• 6M: 30.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LULG vs. QCMU - Yearly Performance Comparison

	2026 (YTD)	2025
LULG Leverage Shares 2X Long LULU Daily ETF	-78.27%	55.59%
QCMU Direxion Daily QCOM Bull 2X Shares	35.64%	-3.95%

Correlation

The correlation between LULG and QCMU is 0.31, 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 Nov 5, 2025	0.31

Return for Risk

LULG vs. QCMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long LULU Daily ETF (LULG) and Direxion Daily QCOM Bull 2X Shares (QCMU). 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.

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

Drawdowns

LULG vs. QCMU - Drawdown Comparison

The maximum LULG drawdown since its inception was -79.88%, which is greater than QCMU's maximum drawdown of -59.48%. Use the drawdown chart below to compare losses from any high point for LULG and QCMU.

Drawdown Indicators

	LULG	QCMU	Difference
Max Drawdown Largest peak-to-trough decline	-79.88%	-59.48%	-20.40%
Current Drawdown Current decline from peak	-79.88%	-25.56%	-54.32%
Average Drawdown Average peak-to-trough decline	-36.43%	-22.82%	-13.61%

Volatility

Volatility by Period

	LULG	QCMU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	88.07%	100.77%	-12.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.07%	100.77%	-12.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.07%	100.77%	-12.70%

LULG vs. QCMU - Expense Ratio Comparison

LULG has a 0.75% expense ratio, which is lower than QCMU's 1.07% expense ratio.

Dividends

LULG vs. QCMU - Dividend Comparison

LULG has not paid dividends to shareholders, while QCMU's dividend yield for the trailing twelve months is around 1.51%.

Position	TTM	2025
LULG Leverage Shares 2X Long LULU Daily ETF	0.00%	0.00%
QCMU Direxion Daily QCOM Bull 2X Shares	1.51%	1.57%

Frequently Asked Questions

Can I hold both LULG and QCMU in my portfolio?

LULG and QCMU have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LULG or QCMU?

On fees, LULG 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, LULG or QCMU?

LULG is cheaper with a 0.75% expense ratio, compared with 1.07% for QCMU.

Which ETF pays a higher dividend yield, LULG or QCMU?

QCMU has the higher dividend yield at 1.51%, compared with 0.00% for LULG.

What is the main difference between LULG and QCMU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for LULG and 1.07% for QCMU.