QCMU vs. FUTG

Last updated Jun 4, 2026

QCMU (Direxion Daily QCOM Bull 2X Shares) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. At a 0.22 correlation, their price movements are largely independent. QCMU charges 1.07%/yr vs 0.75%/yr for FUTG.

Performance

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

Returns By Period

In the year-to-date period, QCMU achieves a 77.81% return, which is significantly higher than FUTG's -75.53% return.

QCMU

• 1D: 7.67%
• 1M: 101.14%
• YTD: 77.81%
• 6M: 69.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FUTG

• 1D: -11.10%
• 1M: -70.24%
• YTD: -75.53%
• 6M: -77.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCMU vs. FUTG - Yearly Performance Comparison

	2026 (YTD)	2025
QCMU Direxion Daily QCOM Bull 2X Shares	77.81%	7.36%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.53%	-0.80%

Correlation

The correlation between QCMU and FUTG is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.22

Return for Risk

QCMU vs. FUTG - 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 FUTU Daily ETF (FUTG). 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.

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

Sharpe Ratios by Period

	QCMU	FUTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	-0.66	+1.75

Drawdowns

QCMU vs. FUTG - Drawdown Comparison

The maximum QCMU drawdown since its inception was -59.48%, smaller than the maximum FUTG drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for QCMU and FUTG.

Drawdown Indicators

	QCMU	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-59.48%	-86.19%	+26.71%
Current Drawdown Current decline from peak	-2.41%	-84.29%	+81.88%
Average Drawdown Average peak-to-trough decline	-22.61%	-40.35%	+17.74%

Volatility

Volatility by Period

	QCMU	FUTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	96.20%	136.01%	-39.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.20%	136.01%	-39.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.20%	136.01%	-39.81%

QCMU vs. FUTG - Expense Ratio Comparison

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

Dividends

QCMU vs. FUTG - Dividend Comparison

QCMU's dividend yield for the trailing twelve months is around 1.15%, while FUTG has not paid dividends to shareholders.

Position	TTM	2025
FUTG Leverage Shares 2X Long FUTU Daily ETF	0.00%	0.00%
QCMU Direxion Daily QCOM Bull 2X Shares	1.15%	1.57%

Frequently Asked Questions

Can I hold both QCMU and FUTG in my portfolio?

QCMU and FUTG have a correlation of 0.22, 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 FUTG?

On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QCMU or FUTG?

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

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

QCMU has the higher dividend yield at 1.15%, compared with 0.00% for FUTG.

What is the main difference between QCMU and FUTG?

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