QQQP vs. SPUU

Last updated Jun 3, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and SPUU (Direxion Daily S&P 500 Bull 2x Shares) are both Leveraged Equities funds. QQQP is actively managed, while SPUU is passively managed. Over the past year, QQQP returned 77.97% vs 57.39% for SPUU. Their correlation of 0.94 suggests significant overlap in exposure. QQQP charges 1.30%/yr vs 0.64%/yr for SPUU.

Performance

QQQP vs. SPUU - 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 S&P 500 Bull 2x Shares (SPUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQP achieves a 36.32% return, which is significantly higher than SPUU's 21.37% return.

QQQP

• 1D: 0.84%
• 1M: 18.29%
• YTD: 36.32%
• 6M: 32.45%
• 1Y: 77.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPUU

• 1D: 0.09%
• 1M: 10.49%
• YTD: 21.37%
• 6M: 21.39%
• 1Y: 57.39%
• 3Y*: 38.80%
• 5Y*: 20.89%
• 10Y*: 24.93%

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

QQQP vs. SPUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQP Tradr 2X Long Triple Q Quarterly ETF	36.32%	30.21%	10.88%
SPUU Direxion Daily S&P 500 Bull 2x Shares	21.37%	26.55%	4.96%

Correlation

The correlation between QQQP and SPUU is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024	0.94

The correlation between QQQP and SPUU has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

QQQP vs. SPUU — Risk / Return Rank

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

QQQP

QQQP Risk / Return Rank: 64
QQQP Sharpe Ratio Rank: 73
QQQP Sortino Ratio Rank: 62
QQQP Omega Ratio Rank: 61
QQQP Calmar Ratio Rank: 62
QQQP Martin Ratio Rank: 63

SPUU

SPUU Risk / Return Rank: 68
SPUU Sharpe Ratio Rank: 73
SPUU Sortino Ratio Rank: 65
SPUU Omega Ratio Rank: 66
SPUU Calmar Ratio Rank: 65
SPUU Martin Ratio Rank: 74

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. SPUU - 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 S&P 500 Bull 2x Shares (SPUU). 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.

	QQQP	SPUU	Difference
Sharpe ratio Return per unit of total volatility	2.45	2.42	+0.03
Sortino ratio Return per unit of downside risk	2.94	3.03	-0.09
Omega ratio Gain probability vs. loss probability	1.38	1.40	-0.02
Calmar ratio Return relative to maximum drawdown	3.17	3.25	-0.07
Martin ratio Return relative to average drawdown	11.62	14.34	-2.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQP vs. SPUU - Sharpe Ratio Comparison

The current QQQP Sharpe Ratio is 2.45, which is comparable to the SPUU Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of QQQP and SPUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQP	SPUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.42	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.64	+0.52

Drawdowns

QQQP vs. SPUU - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for QQQP and SPUU.

Drawdown Indicators

	QQQP	SPUU	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-59.35%	+16.85%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	-18.19%	-7.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.35%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.35%	-9.51%	+2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.92%	4.12%	+2.80%

Volatility

QQQP vs. SPUU - Volatility Comparison

Tradr 2X Long Triple Q Quarterly ETF (QQQP) has a higher volatility of 8.99% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 5.59%. This indicates that QQQP's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQP	SPUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.99%	5.59%	+3.40%
Volatility (6M) Calculated over the trailing 6-month period	24.63%	18.07%	+6.56%
Volatility (1Y) Calculated over the trailing 1-year period	32.06%	23.87%	+8.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.85%	33.46%	+10.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.85%	35.77%	+8.08%

QQQP vs. SPUU - Expense Ratio Comparison

QQQP has a 1.30% expense ratio, which is higher than SPUU's 0.64% expense ratio.

Dividends

QQQP vs. SPUU - Dividend Comparison

QQQP has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 1.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQP Tradr 2X Long Triple Q Quarterly ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPUU Direxion Daily S&P 500 Bull 2x Shares	1.32%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%

Frequently Asked Questions

Can I hold both QQQP and SPUU in my portfolio?

With a correlation of 0.94, QQQP and SPUU 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 is riskier, QQQP or SPUU?

QQQP has higher volatility (8.99%) compared to SPUU (5.59%). In terms of maximum drawdown, QQQP dropped -42.50% vs SPUU's -59.35%.

Which ETF is better, QQQP or SPUU?

On 1-year performance, QQQP leads with 77.97% vs 57.39% for SPUU. On fees, SPUU is cheaper at 0.64% per year. On volatility, SPUU has been the lower-risk option at 5.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQP or SPUU?

Over the 1-year period, QQQP has performed better with a 77.97% return vs 57.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQP or SPUU?

SPUU is cheaper with a 0.64% expense ratio, compared with 1.30% for QQQP.

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

SPUU has the higher dividend yield at 1.32%, compared with 0.00% for QQQP.

What is the main difference between QQQP and SPUU?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for QQQP and 0.64% for SPUU.

Which has better risk-adjusted returns?

QQQP currently has the higher Sharpe Ratio (2.45 vs 2.42), 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.