QCMU vs. ASMG

Last updated Jul 12, 2026

QCMU (Direxion Daily QCOM Bull 2X Shares) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. Over the past year, QCMU returned 3.53% vs 266.88% for ASMG. At a 0.45 correlation, their price movements are largely independent. QCMU charges 1.07%/yr vs 0.75%/yr for ASMG.

Performance

QCMU vs. ASMG - 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 ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCMU achieves a -4.41% return, which is significantly lower than ASMG's 131.65% return.

QCMU

• 1D: -1.89%
• 1M: -16.64%
• 6M: -11.11%
• YTD: -4.41%
• 1Y: 3.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: -0.98%
• 1M: -10.42%
• 6M: 66.50%
• YTD: 131.65%
• 1Y: 266.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCMU vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
QCMU Direxion Daily QCOM Bull 2X Shares	-4.41%	11.21%
ASMG Leverage Shares 2X Long ASML Daily ETF	131.65%	52.98%

Correlation

The correlation between QCMU and ASMG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.45

Return for Risk

QCMU vs. ASMG — Risk / Return Rank

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

QCMU

QCMU Risk / Return Rank: 13
QCMU Sharpe Ratio Rank: 10
QCMU Sortino Ratio Rank: 18
QCMU Omega Ratio Rank: 19
QCMU Calmar Ratio Rank: 10
QCMU Martin Ratio Rank: 10

ASMG

ASMG Risk / Return Rank: 89
ASMG Sharpe Ratio Rank: 95
ASMG Sortino Ratio Rank: 83
ASMG Omega Ratio Rank: 77
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 93

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.

QCMU vs. ASMG - 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 ASML Daily ETF (ASMG). 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	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	0.01	2.94	-2.93
Sortino ratio: Return per unit of downside risk	0.81	2.94	-2.14
Omega ratio: Gain probability vs. loss probability	1.11	1.36	-0.25
Calmar ratio: Return relative to maximum drawdown	0.03	7.74	-7.72
Martin ratio: Return relative to average drawdown	0.05	18.61	-18.56

QCMU vs. ASMG - Sharpe Ratio Comparison

The current QCMU Sharpe Ratio is 0.01, which is lower than the ASMG Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of QCMU and ASMG, 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. ASMG - Drawdown Comparison

The maximum QCMU drawdown since its inception was -59.48%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for QCMU and ASMG.

Drawdown Indicators

	QCMU	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-59.48%	-43.95%	-15.53%
Max Drawdown (1Y) Largest decline over 1 year	-59.48%	-34.56%	-24.92%
Current Drawdown Current decline from peak	-47.54%	-19.75%	-27.79%
Average Drawdown Average peak-to-trough decline	-24.01%	-13.00%	-11.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.90%	14.35%	+16.55%

Volatility

QCMU vs. ASMG - Volatility Comparison

Direxion Daily QCOM Bull 2X Shares (QCMU) and Leverage Shares 2X Long ASML Daily ETF (ASMG) have volatilities of 41.46% and 40.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCMU	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.46%	40.56%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	92.10%	73.36%	+18.74%
Volatility (1Y) Calculated over the trailing 1-year period	104.36%	90.98%	+13.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.58%	89.16%	+13.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.58%	89.16%	+13.42%

QCMU vs. ASMG - Expense Ratio Comparison

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

Dividends

QCMU vs. ASMG - Dividend Comparison

QCMU's dividend yield for the trailing twelve months is around 2.61%, less than ASMG's 4.84% yield.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.84%	11.20%
QCMU Direxion Daily QCOM Bull 2X Shares	2.61%	1.57%

Frequently Asked Questions

Can I hold both QCMU and ASMG in my portfolio?

QCMU and ASMG have a correlation of 0.46, 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 ASMG?

QCMU has higher volatility (41.46%) compared to ASMG (40.56%). In terms of maximum drawdown, QCMU dropped -59.48% vs ASMG's -43.95%.

Which ETF is better, QCMU or ASMG?

On 1-year performance, ASMG leads with 266.88% vs 3.53% for QCMU. On fees, ASMG is cheaper at 0.75% per year. On volatility, ASMG has been the lower-risk option at 40.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCMU or ASMG?

Over the 1-year period, ASMG has performed better with a 266.88% return vs 3.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QCMU or ASMG?

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

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

ASMG has the higher dividend yield at 4.84%, compared with 2.61% for QCMU.

What is the main difference between QCMU and ASMG?

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

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (2.94 vs 0.01), 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.