QCMU vs. QQQE

Last updated Aug 2, 2026

QCMU (Direxion Daily QCOM Bull 2X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - QCMU is a Leveraged Equities fund tracking the QUALCOMM Incorporated (QCOM), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past year, QCMU returned -29.22% vs 21.68% for QQQE. Their 0.62 correlation means they have sometimes moved together and sometimes differently. QCMU charges 1.07%/yr vs 0.35%/yr for QQQE.

Performance

QCMU vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily QCOM Bull 2X Shares (QCMU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 QQQE's 14.79% return.

QCMU

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

QQQE

• 1D: 0.29%
• 1M: -2.56%
• 6M: 13.07%
• YTD: 14.79%
• 1Y: 21.68%
• 3Y*: 14.21%
• 5Y*: 8.11%
• 10Y*: 14.70%
• ALL TIME*: 14.32%

*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)
QCMU Direxion Daily QCOM Bull 2X Shares	$2.68M	$2.97M	$12.33M
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	$22.33M	$22.31M	$23.91M

QCMU vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025
QCMU Direxion Daily QCOM Bull 2X Shares	-42.97%	11.21%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	14.79%	5.68%

Correlation

The correlation between QCMU and QQQE is 0.63, 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.	0.63
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.62

The correlation between QCMU and QQQE has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.

QCMU vs. QQQE - Sectors Allocation Comparison

Sectors	QCMU	QQQE
Technology	100.0%	44.3%
Basic Materials	-	1.0%
Communication Services	-	9.6%
Consumer Cyclical	-	10.9%
Consumer Defensive	-	8.0%
Energy	-	1.8%
Financial Services	-	1.0%
Healthcare	-	8.8%
Industrials	-	10.8%
Real Estate	-	0.7%
Utilities	-	3.9%

Return for Risk

QCMU vs. QQQE — 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

QQQE

QQQE Risk / Return Rank: 53
QQQE Sharpe Ratio Rank: 52
QQQE Sortino Ratio Rank: 50
QQQE Omega Ratio Rank: 48
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 57

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. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bull 2X Shares (QCMU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	1.25	-1.51
Sortino ratio: Return per unit of downside risk	0.31	1.77	-1.46
Omega ratio: Gain probability vs. loss probability	1.04	1.22	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.41	2.11	-2.52
Martin ratio: Return relative to average drawdown	-0.82	6.75	-7.57

QCMU vs. QQQE - Sharpe Ratio Comparison

The current QCMU Sharpe Ratio is -0.27, which is lower than the QQQE Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of QCMU and QQQE, 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. QQQE - Drawdown Comparison

The maximum QCMU drawdown since its inception was -68.70%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for QCMU and QQQE.

Drawdown Indicators

	QCMU	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-68.70%	-32.14%	-36.56%
Max Drawdown (1Y) Largest decline over 1 year	-68.70%	-9.41%	-59.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.14%	—
Current Drawdown Current decline from peak	-68.70%	-4.46%	-64.24%
Average Drawdown Average peak-to-trough decline	-25.89%	-5.14%	-20.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.86%	2.94%	+30.92%

Volatility

QCMU vs. QQQE - Volatility Comparison

Direxion Daily QCOM Bull 2X Shares (QCMU) has a higher volatility of 25.77% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.68%. This indicates that QCMU's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCMU	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.77%	3.68%	+22.09%
Volatility (6M) Calculated over the trailing 6-month period	93.43%	12.96%	+80.47%
Volatility (1Y) Calculated over the trailing 1-year period	106.17%	16.02%	+90.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.91%	20.58%	+81.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.91%	20.76%	+81.15%

QCMU vs. QQQE - Expense Ratio Comparison

QCMU has a 1.07% expense ratio, which is higher than QQQE's 0.35% expense ratio.

Dividends

QCMU vs. QQQE - Dividend Comparison

QCMU's dividend yield for the trailing twelve months is around 4.38%, more than QQQE's 0.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QCMU Direxion Daily QCOM Bull 2X Shares	4.38%	1.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.58%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%

Frequently Asked Questions

Can I hold both QCMU and QQQE in my portfolio?

QCMU and QQQE have a correlation of 0.63, 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 QQQE?

QCMU has higher volatility (25.77%) compared to QQQE (3.68%). In terms of maximum drawdown, QCMU dropped -68.70% vs QQQE's -32.14%.

Which ETF is better, QCMU or QQQE?

On 1-year performance, QQQE leads with 21.68% vs -29.22% for QCMU. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCMU or QQQE?

Over the 1-year period, QQQE has performed better with a 21.68% 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 QQQE?

QQQE is cheaper with a 0.35% expense ratio, compared with 1.07% for QCMU.

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

QCMU has the higher dividend yield at 4.38%, compared with 0.58% for QQQE.

What is the main difference between QCMU and QQQE?

QCMU is categorized as Leveraged Equities, while QQQE is Nasdaq-100. QCMU tracks QUALCOMM Incorporated (QCOM), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.07% for QCMU and 0.35% for QQQE.

Which has better risk-adjusted returns?

QQQE currently has the higher Sharpe Ratio (1.25 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.