QQQU vs. GEMG

Last updated Jun 24, 2026

QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) and GEMG (Leverage Shares 2X Long GEMI Daily ETF) are both Leveraged Equities funds. QQQU is passively managed, while GEMG is actively managed. At a 0.34 correlation, their price movements are largely independent. QQQU charges 0.98%/yr vs 0.75%/yr for GEMG.

Performance

QQQU vs. GEMG - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQU achieves a -11.91% return, which is significantly higher than GEMG's -89.02% return.

QQQU

• 1D: -2.93%
• 1M: -17.71%
• YTD: -11.91%
• 6M: -14.75%
• 1Y: 31.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEMG

• 1D: -6.14%
• 1M: -33.52%
• YTD: -89.02%
• 6M: -91.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQU vs. GEMG - Yearly Performance Comparison

	2026 (YTD)	2025
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	-11.91%	-1.46%
GEMG Leverage Shares 2X Long GEMI Daily ETF	-89.02%	-71.91%

Correlation

The correlation between QQQU and GEMG is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.34

Return for Risk

QQQU vs. GEMG — Risk / Return Rank

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

QQQU

QQQU Risk / Return Rank: 22
QQQU Sharpe Ratio Rank: 22
QQQU Sortino Ratio Rank: 23
QQQU Omega Ratio Rank: 22
QQQU Calmar Ratio Rank: 20
QQQU Martin Ratio Rank: 22

GEMG

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.

QQQU vs. GEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Leverage Shares 2X Long GEMI Daily ETF (GEMG). 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	GEMG	Difference
Sharpe ratio: Return per unit of total volatility	0.76	—	—
Sortino ratio: Return per unit of downside risk	1.23	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.86	—	—
Martin ratio: Return relative to average drawdown	2.58	—	—

Drawdowns

QQQU vs. GEMG - Drawdown Comparison

The maximum QQQU drawdown since its inception was -53.70%, smaller than the maximum GEMG drawdown of -97.26%. Use the drawdown chart below to compare losses from any high point for QQQU and GEMG.

Drawdown Indicators

	QQQU	GEMG	Difference
Max Drawdown Largest peak-to-trough decline	-53.70%	-97.26%	+43.56%
Max Drawdown (1Y) Largest decline over 1 year	-36.29%	—	—
Current Drawdown Current decline from peak	-21.31%	-97.10%	+75.79%
Average Drawdown Average peak-to-trough decline	-13.35%	-81.17%	+67.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.12%	—	—

Volatility

Volatility by Period

	QQQU	GEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.29%	219.33%	-178.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.21%	219.33%	-166.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.21%	219.33%	-166.12%

QQQU vs. GEMG - Expense Ratio Comparison

QQQU has a 0.98% expense ratio, which is higher than GEMG's 0.75% expense ratio.

Dividends

QQQU vs. GEMG - Dividend Comparison

QQQU's dividend yield for the trailing twelve months is around 10.89%, while GEMG has not paid dividends to shareholders.

Position	TTM	2025	2024
GEMG Leverage Shares 2X Long GEMI Daily ETF	0.00%	0.00%	0.00%
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	10.89%	9.62%	2.75%

Frequently Asked Questions

Can I hold both QQQU and GEMG in my portfolio?

QQQU and GEMG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQU or GEMG?

On fees, GEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQU or GEMG?

GEMG is cheaper with a 0.75% expense ratio, compared with 0.98% for QQQU.

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

QQQU has the higher dividend yield at 10.89%, compared with 0.00% for GEMG.

What is the main difference between QQQU and GEMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for QQQU and 0.75% for GEMG.