QQQU vs. BITX
Compare and contrast key facts about Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
QQQU and BITX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQU is a passively managed fund by Direxion that tracks the performance of the The Indxx Magnificent 7 Index (200%). It was launched on Mar 6, 2024. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQU or BITX.
Correlation
The correlation between QQQU and BITX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QQQU vs. BITX - Performance Comparison
Key characteristics
QQQU:
50.27%
BITX:
114.26%
QQQU:
-33.84%
BITX:
-61.28%
QQQU:
-9.10%
BITX:
-7.10%
Returns By Period
In the year-to-date period, QQQU achieves a 3.59% return, which is significantly lower than BITX's 26.65% return.
QQQU
3.59%
-0.93%
35.22%
N/A
N/A
N/A
BITX
26.65%
16.27%
97.27%
282.12%
N/A
N/A
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QQQU vs. BITX - Expense Ratio Comparison
QQQU has a 1.07% expense ratio, which is lower than BITX's 1.85% expense ratio.
Risk-Adjusted Performance
QQQU vs. BITX — Risk-Adjusted Performance Rank
QQQU
BITX
QQQU vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.
Not enough dataDividends
QQQU vs. BITX - Dividend Comparison
QQQU's dividend yield for the trailing twelve months is around 2.65%, less than BITX's 8.45% yield.
| TTM | 2024 | |
|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 2.65% | 2.74% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 8.45% | 10.71% |
Drawdowns
QQQU vs. BITX - Drawdown Comparison
The maximum QQQU drawdown since its inception was -33.84%, smaller than the maximum BITX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for QQQU and BITX. For additional features, visit the drawdowns tool.
Volatility
QQQU vs. BITX - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) is 18.08%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 33.09%. This indicates that QQQU experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.