QCMU vs. ARMG

Last updated Aug 2, 2026

QCMU (Direxion Daily QCOM Bull 2X Shares) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. QCMU is passively managed, while ARMG is actively managed. Over the past year, QCMU returned -29.22% vs 59.59% for ARMG. Their 0.52 correlation means they have sometimes moved together and sometimes differently. QCMU charges 1.07%/yr vs 0.75%/yr for ARMG.

Performance

QCMU vs. ARMG - Performance Comparison

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

Returns By Period

In the year-to-date period, QCMU achieves a -42.97% return, which is significantly lower than ARMG's 190.00% return.

QCMU

• 1D: -5.04%
• 1M: -31.69%
• 6M: -26.01%
• YTD: -42.97%
• 1Y: -29.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -33.95%

ARMG

• 1D: -1.25%
• 1M: -46.26%
• 6M: 220.35%
• YTD: 190.00%
• 1Y: 59.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.32%

*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)
ARMG Leverage Shares 2X Long ARM Daily ETF	$14.17M	$20.37M	$65.80M
QCMU Direxion Daily QCOM Bull 2X Shares	$2.68M	$2.97M	$12.33M

QCMU vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
QCMU Direxion Daily QCOM Bull 2X Shares	-42.97%	11.21%
ARMG Leverage Shares 2X Long ARM Daily ETF	190.00%	-59.35%

Correlation

The correlation between QCMU and ARMG is 0.53, 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.	0.53
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.52

The correlation between QCMU and ARMG has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.

Return for Risk

QCMU vs. ARMG — Risk / Return Rank

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

QCMU

QCMU Risk / Return Rank: 9
QCMU Sharpe Ratio Rank: 7
QCMU Sortino Ratio Rank: 14
QCMU Omega Ratio Rank: 14
QCMU Calmar Ratio Rank: 6
QCMU Martin Ratio Rank: 6

ARMG

ARMG Risk / Return Rank: 29
ARMG Sharpe Ratio Rank: 19
ARMG Sortino Ratio Rank: 45
ARMG Omega Ratio Rank: 41
ARMG Calmar Ratio Rank: 23
ARMG Martin Ratio Rank: 20

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.

QCMU vs. ARMG - Risk-Adjusted Trends Comparison

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

	QCMU	ARMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	0.35	-0.61
Sortino ratio: Return per unit of downside risk	0.31	1.63	-1.32
Omega ratio: Gain probability vs. loss probability	1.04	1.19	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.41	0.66	-1.07
Martin ratio: Return relative to average drawdown	-0.82	1.23	-2.05

QCMU vs. ARMG - Sharpe Ratio Comparison

The current QCMU Sharpe Ratio is -0.27, which is lower than the ARMG Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of QCMU and ARMG, 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

QCMU vs. ARMG - Drawdown Comparison

The maximum QCMU drawdown since its inception was -68.70%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for QCMU and ARMG.

Drawdown Indicators

	QCMU	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-68.70%	-80.28%	+11.58%
Max Drawdown (1Y) Largest decline over 1 year	-68.70%	-76.64%	+7.94%
Current Drawdown Current decline from peak	-68.70%	-73.55%	+4.85%
Average Drawdown Average peak-to-trough decline	-25.89%	-52.13%	+26.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.86%	41.08%	-7.22%

Volatility

QCMU vs. ARMG - Volatility Comparison

The current volatility for Direxion Daily QCOM Bull 2X Shares (QCMU) is 25.77%, while Leverage Shares 2X Long ARM Daily ETF (ARMG) has a volatility of 50.86%. This indicates that QCMU experiences smaller price fluctuations and is considered to be less risky than ARMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCMU	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.77%	50.86%	-25.09%
Volatility (6M) Calculated over the trailing 6-month period	93.43%	128.29%	-34.86%
Volatility (1Y) Calculated over the trailing 1-year period	106.17%	149.49%	-43.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.91%	145.42%	-43.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.91%	145.42%	-43.51%

QCMU vs. ARMG - Expense Ratio Comparison

QCMU has a 1.07% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

QCMU vs. ARMG - Dividend Comparison

QCMU's dividend yield for the trailing twelve months is around 4.38%, more than ARMG's 1.68% yield.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	1.68%	4.86%
QCMU Direxion Daily QCOM Bull 2X Shares	4.38%	1.57%

Frequently Asked Questions

Can I hold both QCMU and ARMG in my portfolio?

QCMU and ARMG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCMU or ARMG?

ARMG has higher volatility (50.86%) compared to QCMU (25.77%). In terms of maximum drawdown, QCMU dropped -68.70% vs ARMG's -80.28%.

Which ETF is better, QCMU or ARMG?

On 1-year performance, ARMG leads with 59.59% vs -29.22% for QCMU. On fees, ARMG is cheaper at 0.75% per year. On volatility, QCMU has been the lower-risk option at 25.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCMU or ARMG?

Over the 1-year period, ARMG has performed better with a 59.59% return vs -29.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QCMU or ARMG?

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

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

QCMU has the higher dividend yield at 4.38%, compared with 1.68% for ARMG.

What is the main difference between QCMU and ARMG?

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

Which has better risk-adjusted returns?

ARMG currently has the higher Sharpe Ratio (0.35 vs -0.27), 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.