QQQP vs. MUU

Last updated Jun 24, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. QQQP is actively managed, while MUU is passively managed. With a 1.00 correlation, they move nearly in lockstep. QQQP charges 1.30%/yr vs 1.01%/yr for MUU.

Performance

QQQP vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Triple Q Quarterly ETF (QQQP) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQQP

• 1D: -5.26%
• 1M: -1.02%
• YTD: 26.65%
• 6M: 23.33%
• 1Y: 61.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -26.28%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQP vs. MUU - Yearly Performance Comparison

	2026 (YTD)
QQQP Tradr 2X Long Triple Q Quarterly ETF	-6.26%
MUU Direxion Daily MU Bull 2X Shares	-12.11%

Correlation

The correlation between QQQP and MUU is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	1.00

Return for Risk

QQQP vs. MUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQP

QQQP Risk / Return Rank: 53
QQQP Sharpe Ratio Rank: 58
QQQP Sortino Ratio Rank: 50
QQQP Omega Ratio Rank: 50
QQQP Calmar Ratio Rank: 53
QQQP Martin Ratio Rank: 55

MUU

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQP vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Quarterly ETF (QQQP) and Direxion Daily MU Bull 2X Shares (MUU). 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.

	QQQP	MUU	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.28	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.43	—	—
Martin ratio: Return relative to average drawdown	8.72	—	—

Drawdowns

QQQP vs. MUU - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, which is greater than MUU's maximum drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for QQQP and MUU.

Drawdown Indicators

	QQQP	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-26.28%	-16.22%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	—	—
Current Drawdown Current decline from peak	-7.10%	-26.28%	+19.18%
Average Drawdown Average peak-to-trough decline	-7.26%	-10.19%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.05%	—	—

Volatility

Volatility by Period

	QQQP	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.61%	295.32%	-260.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.42%	295.32%	-250.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.42%	295.32%	-250.90%

QQQP vs. MUU - Expense Ratio Comparison

QQQP has a 1.30% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

QQQP vs. MUU - Dividend Comparison

Neither QQQP nor MUU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QQQP and MUU in my portfolio?

With a correlation of 1.00, QQQP and MUU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QQQP or MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQP or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.30% for QQQP.

Which ETF pays a higher dividend yield, QQQP or MUU?

QQQP and MUU have nearly identical dividend yields, around 0.00%.

What is the main difference between QQQP and MUU?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for QQQP and 1.01% for MUU.