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QQQE vs. SPXU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

QQQE vs. SPXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and ProShares UltraPro Short S&P500 (SPXU). The values are adjusted to include any dividend payments, if applicable.

-30.00%-20.00%-10.00%0.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.98%
-30.00%
QQQE
SPXU

Returns By Period

In the year-to-date period, QQQE achieves a 9.27% return, which is significantly higher than SPXU's -44.60% return. Over the past 10 years, QQQE has outperformed SPXU with an annualized return of 12.59%, while SPXU has yielded a comparatively lower -39.34% annualized return.


QQQE

YTD

9.27%

1M

0.93%

6M

3.79%

1Y

18.86%

5Y (annualized)

13.58%

10Y (annualized)

12.59%

SPXU

YTD

-44.60%

1M

-3.02%

6M

-26.07%

1Y

-51.78%

5Y (annualized)

-46.30%

10Y (annualized)

-39.34%

Key characteristics


QQQESPXU
Sharpe Ratio1.25-1.42
Sortino Ratio1.75-2.45
Omega Ratio1.220.73
Calmar Ratio1.73-0.52
Martin Ratio6.04-1.47
Ulcer Index3.01%34.97%
Daily Std Dev14.55%36.25%
Max Drawdown-32.14%-99.98%
Current Drawdown-2.39%-99.98%

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QQQE vs. SPXU - Expense Ratio Comparison

QQQE has a 0.35% expense ratio, which is lower than SPXU's 0.93% expense ratio.


SPXU
ProShares UltraPro Short S&P500
Expense ratio chart for SPXU: current value at 0.93% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.93%
Expense ratio chart for QQQE: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Correlation

-0.50.00.51.0-0.9

The correlation between QQQE and SPXU is -0.88. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Risk-Adjusted Performance

QQQE vs. SPXU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) and ProShares UltraPro Short S&P500 (SPXU). 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.


Sharpe ratio
The chart of Sharpe ratio for QQQE, currently valued at 1.25, compared to the broader market0.002.004.001.25-1.42
The chart of Sortino ratio for QQQE, currently valued at 1.75, compared to the broader market-2.000.002.004.006.008.0010.0012.001.75-2.45
The chart of Omega ratio for QQQE, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.220.73
The chart of Calmar ratio for QQQE, currently valued at 1.73, compared to the broader market0.005.0010.0015.001.73-0.52
The chart of Martin ratio for QQQE, currently valued at 6.04, compared to the broader market0.0020.0040.0060.0080.00100.006.04-1.47
QQQE
SPXU

The current QQQE Sharpe Ratio is 1.25, which is higher than the SPXU Sharpe Ratio of -1.42. The chart below compares the historical Sharpe Ratios of QQQE and SPXU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.00JuneJulyAugustSeptemberOctoberNovember
1.25
-1.42
QQQE
SPXU

Dividends

QQQE vs. SPXU - Dividend Comparison

QQQE's dividend yield for the trailing twelve months is around 0.85%, less than SPXU's 11.44% yield.


TTM20232022202120202019201820172016201520142013
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
0.85%0.79%0.97%3.83%0.54%0.74%0.80%0.65%1.17%0.75%1.36%0.38%
SPXU
ProShares UltraPro Short S&P500
11.44%7.07%0.39%0.00%0.71%2.14%1.41%0.11%0.00%0.00%0.00%0.00%

Drawdowns

QQQE vs. SPXU - Drawdown Comparison

The maximum QQQE drawdown since its inception was -32.14%, smaller than the maximum SPXU drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for QQQE and SPXU. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.39%
-99.89%
QQQE
SPXU

Volatility

QQQE vs. SPXU - Volatility Comparison

The current volatility for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is 4.86%, while ProShares UltraPro Short S&P500 (SPXU) has a volatility of 12.43%. This indicates that QQQE experiences smaller price fluctuations and is considered to be less risky than SPXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
4.86%
12.43%
QQQE
SPXU