PLTU vs. TQQQ

Last updated Jun 4, 2026

PLTU (Direxion Daily PLTR Bull 2X Shares) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds. PLTU is actively managed, while TQQQ is passively managed. Over the past year, PLTU returned -21.46% vs 137.89% for TQQQ. A 0.58 correlation means they provide meaningful diversification when combined. PLTU charges 0.97%/yr vs 0.95%/yr for TQQQ.

Performance

PLTU vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bull 2X Shares (PLTU) 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, PLTU achieves a -46.71% return, which is significantly lower than TQQQ's 64.46% return.

PLTU

• 1D: -13.03%
• 1M: -9.11%
• YTD: -46.71%
• 6M: -46.12%
• 1Y: -21.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: -0.76%
• 1M: 33.35%
• YTD: 64.46%
• 6M: 55.93%
• 1Y: 137.89%
• 3Y*: 69.49%
• 5Y*: 28.37%
• 10Y*: 45.33%

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

PLTU vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTU Direxion Daily PLTR Bull 2X Shares	-46.71%	223.17%	6.41%
TQQQ ProShares UltraPro QQQ	64.46%	34.35%	-11.08%

Correlation

The correlation between PLTU and TQQQ is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.58

The correlation between PLTU and TQQQ has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.

PLTU vs. TQQQ - Sectors Allocation Comparison

Sectors	PLTU	TQQQ
Technology	100.0%	53.8%
Basic Materials	-	1.1%
Communication Services	-	15.8%
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%
Utilities	-	1.4%

Return for Risk

PLTU vs. TQQQ — Risk / Return Rank

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

PLTU

PLTU Risk / Return Rank: 8
PLTU Sharpe Ratio Rank: 7
PLTU Sortino Ratio Rank: 11
PLTU Omega Ratio Rank: 11
PLTU Calmar Ratio Rank: 6
PLTU Martin Ratio Rank: 6

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 65
TQQQ Omega Ratio Rank: 65
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

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.

PLTU vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X Shares (PLTU) 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.

	PLTU	TQQQ	Difference
Sharpe ratio Return per unit of total volatility	-0.21	2.92	-3.13
Sortino ratio Return per unit of downside risk	0.40	3.09	-2.69
Omega ratio Gain probability vs. loss probability	1.05	1.40	-0.35
Calmar ratio Return relative to maximum drawdown	-0.32	3.75	-4.07
Martin ratio Return relative to average drawdown	-0.54	12.27	-12.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTU vs. TQQQ - Sharpe Ratio Comparison

The current PLTU Sharpe Ratio is -0.21, which is lower than the TQQQ Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of PLTU 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.

Sharpe Ratios by Period

	PLTU	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	2.92	-3.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.74	-0.33

Drawdowns

PLTU vs. TQQQ - Drawdown Comparison

The maximum PLTU drawdown since its inception was -69.14%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for PLTU and TQQQ.

Drawdown Indicators

	PLTU	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	-81.66%	+12.52%
Max Drawdown (1Y) Largest decline over 1 year	-68.10%	-36.97%	-31.13%
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	-62.95%	-0.76%	-62.19%
Average Drawdown Average peak-to-trough decline	-31.90%	-18.52%	-13.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.45%	11.28%	+28.17%

Volatility

PLTU vs. TQQQ - Volatility Comparison

Direxion Daily PLTR Bull 2X Shares (PLTU) has a higher volatility of 36.67% compared to ProShares UltraPro QQQ (TQQQ) at 13.29%. This indicates that PLTU'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

	PLTU	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.67%	13.29%	+23.38%
Volatility (6M) Calculated over the trailing 6-month period	77.36%	36.04%	+41.32%
Volatility (1Y) Calculated over the trailing 1-year period	103.08%	47.60%	+55.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.24%	66.53%	+60.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.24%	65.96%	+61.28%

PLTU vs. TQQQ - Expense Ratio Comparison

PLTU has a 0.97% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

Dividends

PLTU vs. TQQQ - Dividend Comparison

PLTU's dividend yield for the trailing twelve months is around 44.62%, more than TQQQ's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLTU Direxion Daily PLTR Bull 2X Shares	44.62%	23.29%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.36%	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 PLTU and TQQQ in my portfolio?

PLTU and TQQQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTU or TQQQ?

PLTU has higher volatility (36.67%) compared to TQQQ (13.29%). In terms of maximum drawdown, PLTU dropped -69.14% vs TQQQ's -81.66%.

Which ETF is better, PLTU or TQQQ?

On 1-year performance, TQQQ leads with 137.89% vs -21.46% for PLTU. On fees, TQQQ is cheaper at 0.95% per year. On volatility, TQQQ has been the lower-risk option at 13.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTU or TQQQ?

Over the 1-year period, TQQQ has performed better with a 137.89% return vs -21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTU or TQQQ?

TQQQ is cheaper with a 0.95% expense ratio, compared with 0.97% for PLTU.

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

PLTU has the higher dividend yield at 44.62%, compared with 0.36% for TQQQ.

What is the main difference between PLTU and TQQQ?

They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.97% for PLTU and 0.95% for TQQQ.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (2.92 vs -0.21), 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.