QQQU vs. ERX

Last updated Jul 18, 2026

QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) and ERX (Direxion Daily Energy Bull 2X Shares) are both Leveraged Equities funds from Direxion - QQQU tracks the Indxx Magnificent 7 Index (200%) while ERX tracks the Energy Select Sector Index (300%). Both are passively managed. Over the past year, QQQU returned 32.19% vs 70.71% for ERX. At a correlation of -0.04, they often move in opposite directions. QQQU charges 0.98%/yr vs 1.09%/yr for ERX.

Performance

QQQU vs. ERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Direxion Daily Energy Bull 2X Shares (ERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQU achieves a -2.06% return, which is significantly lower than ERX's 61.33% return.

QQQU

• 1D: -3.64%
• 1M: 6.17%
• 6M: 1.49%
• YTD: -2.06%
• 1Y: 32.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ERX

• 1D: 2.41%
• 1M: 12.12%
• 6M: 42.68%
• YTD: 61.33%
• 1Y: 70.71%
• 3Y*: 19.84%
• 5Y*: 34.74%
• 10Y*: -9.97%

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

QQQU vs. ERX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	-2.06%	32.87%	87.67%
ERX Direxion Daily Energy Bull 2X Shares	61.33%	2.79%	-4.84%

Correlation

The correlation between QQQU and ERX is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.27
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	-0.04

Over the past year, the inverse relationship between QQQU and ERX has strengthened: their correlation has moved from -0.04 to -0.27, meaning they now move in opposite directions more often than their long-term average.

QQQU vs. ERX - Sectors Allocation Comparison

Sectors	QQQU	ERX
Technology	43.3%	-
Consumer Cyclical	29.1%	-
Communication Services	27.6%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

QQQU vs. ERX — Risk / Return Rank

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

QQQU

QQQU Risk / Return Rank: 25
QQQU Sharpe Ratio Rank: 26
QQQU Sortino Ratio Rank: 27
QQQU Omega Ratio Rank: 26
QQQU Calmar Ratio Rank: 24
QQQU Martin Ratio Rank: 25

ERX

ERX Risk / Return Rank: 56
ERX Sharpe Ratio Rank: 66
ERX Sortino Ratio Rank: 56
ERX Omega Ratio Rank: 53
ERX Calmar Ratio Rank: 60
ERX Martin Ratio Rank: 46

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.

QQQU vs. ERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Direxion Daily Energy Bull 2X Shares (ERX). 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.

	QQQU	ERX	Difference
Sharpe ratio: Return per unit of total volatility	0.76	1.69	-0.93
Sortino ratio: Return per unit of downside risk	1.25	2.16	-0.91
Omega ratio: Gain probability vs. loss probability	1.15	1.26	-0.11
Calmar ratio: Return relative to maximum drawdown	0.89	2.37	-1.48
Martin ratio: Return relative to average drawdown	2.51	6.10	-3.59

QQQU vs. ERX - Sharpe Ratio Comparison

The current QQQU Sharpe Ratio is 0.76, which is lower than the ERX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of QQQU and ERX, 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

QQQU vs. ERX - Drawdown Comparison

The maximum QQQU drawdown since its inception was -53.70%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for QQQU and ERX.

Drawdown Indicators

	QQQU	ERX	Difference
Max Drawdown Largest peak-to-trough decline	-53.70%	-99.54%	+45.84%
Max Drawdown (1Y) Largest decline over 1 year	-36.29%	-29.97%	-6.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-42.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.59%	—
Current Drawdown Current decline from peak	-12.51%	-91.86%	+79.35%
Average Drawdown Average peak-to-trough decline	-13.41%	-67.19%	+53.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.84%	11.62%	+1.22%

Volatility

QQQU vs. ERX - Volatility Comparison

Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) has a higher volatility of 16.28% compared to Direxion Daily Energy Bull 2X Shares (ERX) at 12.43%. This indicates that QQQU's price experiences larger fluctuations and is considered to be riskier than ERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQU	ERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.28%	12.43%	+3.85%
Volatility (6M) Calculated over the trailing 6-month period	33.17%	33.45%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	42.80%	42.10%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.16%	51.71%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.16%	68.92%	-15.76%

QQQU vs. ERX - Expense Ratio Comparison

QQQU has a 0.98% expense ratio, which is lower than ERX's 1.09% expense ratio.

Dividends

QQQU vs. ERX - Dividend Comparison

QQQU's dividend yield for the trailing twelve months is around 9.75%, more than ERX's 1.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERX Direxion Daily Energy Bull 2X Shares	1.58%	2.54%	2.94%	3.17%	2.23%	2.16%	2.35%	1.56%	3.10%	0.85%
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	9.75%	9.62%	2.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQU and ERX in my portfolio?

QQQU and ERX have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQU or ERX?

QQQU has higher volatility (16.28%) compared to ERX (12.43%). In terms of maximum drawdown, QQQU dropped -53.70% vs ERX's -99.54%.

Which ETF is better, QQQU or ERX?

On 1-year performance, ERX leads with 70.71% vs 32.19% for QQQU. On fees, QQQU is cheaper at 0.98% per year. On volatility, ERX has been the lower-risk option at 12.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQU or ERX?

Over the 1-year period, ERX has performed better with a 70.71% return vs 32.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQU or ERX?

QQQU is cheaper with a 0.98% expense ratio, compared with 1.09% for ERX.

Which ETF pays a higher dividend yield, QQQU or ERX?

QQQU has the higher dividend yield at 9.75%, compared with 1.58% for ERX.

What is the main difference between QQQU and ERX?

QQQU tracks Indxx Magnificent 7 Index (200%), while ERX tracks Energy Select Sector Index (300%). Their fees differ too: 0.98% for QQQU and 1.09% for ERX.

Which has better risk-adjusted returns?

ERX currently has the higher Sharpe Ratio (1.69 vs 0.76), 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.