QCMU vs. BEX

Last updated Aug 2, 2026

QCMU (Direxion Daily QCOM Bull 2X Shares) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. QCMU is passively managed, while BEX is actively managed. Their 0.46 correlation means their historical movements had little consistent relationship. QCMU charges 1.07%/yr vs 1.30%/yr for BEX.

Performance

QCMU vs. BEX - Performance Comparison

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

Returns By Period

QCMU

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

BEX

• 1D: -0.74%
• 1M: -51.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BEX Tradr 2X Long BE Daily ETF	$83.57M	$80.37M	$68.34M
QCMU Direxion Daily QCOM Bull 2X Shares	$2.68M	$2.97M	$12.33M

QCMU vs. BEX - Yearly Performance Comparison

	2026 (YTD)
QCMU Direxion Daily QCOM Bull 2X Shares	-65.43%
BEX Tradr 2X Long BE Daily ETF	-69.85%

Correlation

The correlation between QCMU and BEX is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.46

Return for Risk

QCMU vs. BEX — 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

BEX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bull 2X Shares (QCMU) and Tradr 2X Long BE Daily ETF (BEX). 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	BEX	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	—	—
Sortino ratio: Return per unit of downside risk	0.31	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	-0.41	—	—
Martin ratio: Return relative to average drawdown	-0.82	—	—

Drawdowns

QCMU vs. BEX - Drawdown Comparison

The maximum QCMU drawdown since its inception was -68.70%, smaller than the maximum BEX drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for QCMU and BEX.

Drawdown Indicators

	QCMU	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-68.70%	-82.16%	+13.46%
Max Drawdown (1Y) Largest decline over 1 year	-68.70%	—	—
Current Drawdown Current decline from peak	-68.70%	-72.82%	+4.12%
Average Drawdown Average peak-to-trough decline	-25.89%	-41.43%	+15.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.86%	—	—

Volatility

Volatility by Period

	QCMU	BEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	93.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	106.17%	264.69%	-158.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.91%	264.69%	-162.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.91%	264.69%	-162.78%

QCMU vs. BEX - Expense Ratio Comparison

QCMU has a 1.07% expense ratio, which is lower than BEX's 1.30% expense ratio.

Dividends

QCMU vs. BEX - Dividend Comparison

QCMU's dividend yield for the trailing twelve months is around 4.38%, while BEX has not paid dividends to shareholders.

Position	TTM	2025
BEX Tradr 2X Long BE Daily ETF	0.00%	0.00%
QCMU Direxion Daily QCOM Bull 2X Shares	4.38%	1.57%

Frequently Asked Questions

Can I hold both QCMU and BEX in my portfolio?

QCMU and BEX 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 ETF is better, QCMU or BEX?

On fees, QCMU is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QCMU or BEX?

QCMU is cheaper with a 1.07% expense ratio, compared with 1.30% for BEX.

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

QCMU has the higher dividend yield at 4.38%, compared with 0.00% for BEX.

What is the main difference between QCMU and BEX?

They also come from different issuers: Direxion and Tradr. Their fees differ too: 1.07% for QCMU and 1.30% for BEX.