METU vs. TQQQ

Last updated Aug 4, 2026

METU (Direxion Daily META Bull 2X ETF) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds. METU is actively managed, while TQQQ is passively managed. Over the past year, METU returned -52.02% vs 64.98% for TQQQ. Their 0.59 correlation means they have sometimes moved together and sometimes differently. METU charges 1.02%/yr vs 0.95%/yr for TQQQ.

Performance

METU vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily META Bull 2X ETF (METU) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METU achieves a -32.60% return, which is significantly lower than TQQQ's 29.42% return.

METU

• 1D: 11.91%
• 1M: -0.74%
• 6M: -39.63%
• YTD: -32.60%
• 1Y: -52.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -6.78%

TQQQ

• 1D: 5.17%
• 1M: -7.35%
• 6M: 23.83%
• YTD: 29.42%
• 1Y: 64.98%
• 3Y*: 50.64%
• 5Y*: 16.02%
• 10Y*: 39.51%
• ALL TIME*: 42.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
METU Direxion Daily META Bull 2X ETF	$101.58M	$137.53M	$137.86M
TQQQ ProShares UltraPro QQQ	$4.46B	$4.47B	$5.36B

METU vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
METU Direxion Daily META Bull 2X ETF	-32.60%	-1.01%	28.79%
TQQQ ProShares UltraPro QQQ	29.42%	34.35%	25.69%

Correlation

The correlation between METU and TQQQ is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	0.59

The correlation between METU and TQQQ has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

METU vs. TQQQ - Sectors Allocation Comparison

Sectors	METU	TQQQ
Communication Services	100.0%	15.8%
Basic Materials	-	1.1%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

METU vs. TQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

METU

METU Risk / Return Rank: 3
METU Sharpe Ratio Rank: 4
METU Sortino Ratio Rank: 4
METU Omega Ratio Rank: 4
METU Calmar Ratio Rank: 2
METU Martin Ratio Rank: 2

TQQQ

TQQQ Risk / Return Rank: 45
TQQQ Sharpe Ratio Rank: 45
TQQQ Sortino Ratio Rank: 45
TQQQ Omega Ratio Rank: 44
TQQQ Calmar Ratio Rank: 48
TQQQ Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

METU vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) and ProShares UltraPro QQQ (TQQQ). 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.

	METU	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	1.14	-1.81
Sortino ratio: Return per unit of downside risk	-0.78	1.68	-2.46
Omega ratio: Gain probability vs. loss probability	0.90	1.21	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.82	1.77	-2.59
Martin ratio: Return relative to average drawdown	-1.31	4.90	-6.21

METU vs. TQQQ - Sharpe Ratio Comparison

The current METU Sharpe Ratio is -0.68, which is lower than the TQQQ Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of METU and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

METU vs. TQQQ - Drawdown Comparison

The maximum METU drawdown since its inception was -63.90%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for METU and TQQQ.

Drawdown Indicators

	METU	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-63.90%	-81.66%	+17.76%
Max Drawdown (1Y) Largest decline over 1 year	-63.59%	-36.97%	-26.62%
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-56.92%	-21.90%	-35.02%
Average Drawdown Average peak-to-trough decline	-25.82%	-18.50%	-7.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.66%	13.31%	+26.35%

Volatility

METU vs. TQQQ - Volatility Comparison

Direxion Daily META Bull 2X ETF (METU) has a higher volatility of 32.03% compared to ProShares UltraPro QQQ (TQQQ) at 20.63%. This indicates that METU's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METU	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.03%	20.63%	+11.40%
Volatility (6M) Calculated over the trailing 6-month period	62.05%	47.88%	+14.17%
Volatility (1Y) Calculated over the trailing 1-year period	77.30%	57.57%	+19.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.39%	68.10%	+7.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.39%	66.61%	+8.78%

METU vs. TQQQ - Expense Ratio Comparison

METU has a 1.02% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

Dividends

METU vs. TQQQ - Dividend Comparison

METU's dividend yield for the trailing twelve months is around 4.12%, more than TQQQ's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
METU Direxion Daily META Bull 2X ETF	4.12%	3.00%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.56%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both METU and TQQQ in my portfolio?

METU and TQQQ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METU or TQQQ?

METU has higher volatility (32.03%) compared to TQQQ (20.63%). In terms of maximum drawdown, METU dropped -63.90% vs TQQQ's -81.66%.

Which ETF is better, METU or TQQQ?

On 1-year performance, TQQQ leads with 64.98% vs -52.02% for METU. On fees, TQQQ is cheaper at 0.95% per year. On volatility, TQQQ has been the lower-risk option at 20.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METU or TQQQ?

Over the 1-year period, TQQQ has performed better with a 64.98% return vs -52.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METU or TQQQ?

TQQQ is cheaper with a 0.95% expense ratio, compared with 1.02% for METU.

Which ETF pays a higher dividend yield, METU or TQQQ?

METU has the higher dividend yield at 4.12%, compared with 0.56% for TQQQ.

What is the main difference between METU and TQQQ?

They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.02% for METU and 0.95% for TQQQ.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (1.14 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.