QCMU vs. NVDG

Last updated Aug 2, 2026

QCMU (Direxion Daily QCOM Bull 2X Shares) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. QCMU is passively managed, while NVDG is actively managed. Over the past year, QCMU returned -29.22% vs 4.49% for NVDG. Their 0.23 correlation means their historical movements had little consistent relationship. QCMU charges 1.07%/yr vs 0.75%/yr for NVDG.

Performance

QCMU vs. NVDG - 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 NVDA Daily ETF (NVDG). 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 NVDG's -0.36% return.

QCMU

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

NVDG

• 1D: 5.91%
• 1M: 4.55%
• 6M: -3.62%
• YTD: -0.36%
• 1Y: 4.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.19%

*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)
NVDG Leverage Shares 2X Long NVDA Daily ETF	$3.01M	$3.98M	$6.31M
QCMU Direxion Daily QCOM Bull 2X Shares	$2.68M	$2.97M	$12.33M

QCMU vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025
QCMU Direxion Daily QCOM Bull 2X Shares	-42.97%	11.21%
NVDG Leverage Shares 2X Long NVDA Daily ETF	-0.36%	41.79%

Correlation

The correlation between QCMU and NVDG is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.23

Return for Risk

QCMU vs. NVDG — 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

NVDG

NVDG Risk / Return Rank: 13
NVDG Sharpe Ratio Rank: 11
NVDG Sortino Ratio Rank: 16
NVDG Omega Ratio Rank: 16
NVDG Calmar Ratio Rank: 11
NVDG Martin Ratio Rank: 10

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. NVDG - 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 NVDA Daily ETF (NVDG). 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	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	-0.01	-0.25
Sortino ratio: Return per unit of downside risk	0.31	0.50	-0.19
Omega ratio: Gain probability vs. loss probability	1.04	1.06	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.41	-0.02	-0.38
Martin ratio: Return relative to average drawdown	-0.82	-0.04	-0.78

QCMU vs. NVDG - Sharpe Ratio Comparison

The current QCMU Sharpe Ratio is -0.27, which is lower than the NVDG Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of QCMU and NVDG, 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. NVDG - Drawdown Comparison

The maximum QCMU drawdown since its inception was -68.70%, roughly equal to the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for QCMU and NVDG.

Drawdown Indicators

	QCMU	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-68.70%	-66.19%	-2.51%
Max Drawdown (1Y) Largest decline over 1 year	-68.70%	-42.72%	-25.98%
Current Drawdown Current decline from peak	-68.70%	-31.58%	-37.12%
Average Drawdown Average peak-to-trough decline	-25.89%	-23.52%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.86%	21.96%	+11.90%

Volatility

QCMU vs. NVDG - Volatility Comparison

Direxion Daily QCOM Bull 2X Shares (QCMU) and Leverage Shares 2X Long NVDA Daily ETF (NVDG) have volatilities of 25.77% and 24.57%, 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	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.77%	24.57%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	93.43%	55.94%	+37.49%
Volatility (1Y) Calculated over the trailing 1-year period	106.17%	72.25%	+33.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.91%	89.76%	+12.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.91%	89.76%	+12.15%

QCMU vs. NVDG - Expense Ratio Comparison

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

Dividends

QCMU vs. NVDG - Dividend Comparison

QCMU's dividend yield for the trailing twelve months is around 4.38%, less than NVDG's 11.85% yield.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	11.85%	11.81%
QCMU Direxion Daily QCOM Bull 2X Shares	4.38%	1.57%

Frequently Asked Questions

Can I hold both QCMU and NVDG in my portfolio?

QCMU and NVDG have a correlation of 0.23, 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 NVDG?

QCMU has higher volatility (25.77%) compared to NVDG (24.57%). In terms of maximum drawdown, QCMU dropped -68.70% vs NVDG's -66.19%.

Which ETF is better, QCMU or NVDG?

On 1-year performance, NVDG leads with 4.49% vs -29.22% for QCMU. On fees, NVDG is cheaper at 0.75% per year. On volatility, NVDG has been the lower-risk option at 24.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCMU or NVDG?

Over the 1-year period, NVDG has performed better with a 4.49% 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 NVDG?

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

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

NVDG has the higher dividend yield at 11.85%, compared with 4.38% for QCMU.

What is the main difference between QCMU and NVDG?

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

Which has better risk-adjusted returns?

NVDG currently has the higher Sharpe Ratio (-0.01 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.