MRVU vs. QQQE
MRVU (Direxion Daily MRVL Bull 2X ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - MRVU is a Leveraged Equities fund tracking the Marvell Technology, Inc. (MRVL), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. MRVU charges 0.97%/yr vs 0.35%/yr for QQQE.
Performance
MRVU vs. QQQE - Performance Comparison
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Returns By Period
MRVU
- 1D
- 4.43%
- 1M
- -45.83%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QQQE
- 1D
- 0.29%
- 1M
- -2.56%
- 6M
- 13.07%
- YTD
- 14.79%
- 1Y
- 21.68%
- 3Y*
- 14.21%
- 5Y*
- 8.11%
- 10Y*
- 14.70%
- ALL TIME*
- 14.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.13M | $21.99M | $60.26M | |
| $22.33M | $22.31M | $23.91M |
MRVU vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MRVU Direxion Daily MRVL Bull 2X ETF | 235.77% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 14.12% |
Correlation
The correlation between MRVU and QQQE is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026 | 0.64 |
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Return for Risk
MRVU vs. QQQE — Risk / Return Rank
MRVU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQE
MRVU vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MRVL Bull 2X ETF (MRVU) 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.
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.
| MRVU | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.11 | — |
| Martin ratioReturn relative to average drawdown | — | 6.75 | — |
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Drawdowns
MRVU vs. QQQE - Drawdown Comparison
The maximum MRVU drawdown since its inception was -78.62%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for MRVU and QQQE.
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Drawdown Indicators
| MRVU | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.62% | -32.14% | -46.48% |
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 DrawdownCurrent decline from peak | -72.09% | -4.46% | -67.63% |
Average DrawdownAverage peak-to-trough decline | -18.27% | -5.14% | -13.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.94% | — |
Volatility
MRVU vs. QQQE - Volatility Comparison
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Volatility by Period
| MRVU | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 195.44% | 16.02% | +179.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 195.44% | 20.58% | +174.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 195.44% | 20.76% | +174.68% |
MRVU vs. QQQE - Expense Ratio Comparison
MRVU has a 0.97% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
MRVU vs. QQQE - Dividend Comparison
MRVU's dividend yield for the trailing twelve months is around 0.49%, less than QQQE's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRVU Direxion Daily MRVL Bull 2X ETF | 0.49% | 0.00% | 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 | 0.58% | 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
MRVU and QQQE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QQQE is cheaper with a 0.35% expense ratio, compared with 0.97% for MRVU.
QQQE has the higher dividend yield at 0.58%, compared with 0.49% for MRVU.
MRVU is categorized as Leveraged Equities, while QQQE is Nasdaq-100. MRVU tracks Marvell Technology, Inc. (MRVL), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 0.97% for MRVU and 0.35% for QQQE.
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