OOTO vs. QQQM
Compare and contrast key facts about Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and Invesco NASDAQ 100 ETF (QQQM).
OOTO and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OOTO is a passively managed fund by Direxion that tracks the performance of the BlueStar Travel and Vacation Index (200%). It was launched on Jun 10, 2021. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both OOTO and QQQM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OOTO or QQQM.
Correlation
The correlation between OOTO and QQQM is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OOTO vs. QQQM - Performance Comparison
Key characteristics
OOTO:
-0.26
QQQM:
0.48
OOTO:
-0.04
QQQM:
0.83
OOTO:
0.99
QQQM:
1.12
OOTO:
-0.23
QQQM:
0.53
OOTO:
-0.83
QQQM:
1.80
OOTO:
16.32%
QQQM:
6.63%
OOTO:
51.94%
QQQM:
24.98%
OOTO:
-66.92%
QQQM:
-35.05%
OOTO:
-48.10%
QQQM:
-12.26%
Returns By Period
In the year-to-date period, OOTO achieves a -32.80% return, which is significantly lower than QQQM's -7.40% return.
OOTO
-32.80%
-16.55%
-23.33%
-13.23%
N/A
N/A
QQQM
-7.40%
-2.44%
-4.26%
12.09%
N/A
N/A
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OOTO vs. QQQM - Expense Ratio Comparison
OOTO has a 1.07% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
OOTO vs. QQQM — Risk-Adjusted Performance Rank
OOTO
QQQM
OOTO vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and Invesco NASDAQ 100 ETF (QQQM). 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.
Dividends
OOTO vs. QQQM - Dividend Comparison
OOTO's dividend yield for the trailing twelve months is around 1.52%, more than QQQM's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
OOTO Direxion Daily Travel & Vacation Bull 2X Shares | 1.52% | 0.92% | 0.99% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.64% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
OOTO vs. QQQM - Drawdown Comparison
The maximum OOTO drawdown since its inception was -66.92%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for OOTO and QQQM. For additional features, visit the drawdowns tool.
Volatility
OOTO vs. QQQM - Volatility Comparison
Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) has a higher volatility of 35.91% compared to Invesco NASDAQ 100 ETF (QQQM) at 16.54%. This indicates that OOTO's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.