QQQU vs. HCMT

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT).

QQQU and HCMT 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. HCMT is an actively managed fund by Direxion. It was launched on Jun 21, 2023.

Performance

QQQU vs. HCMT - 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 HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT). The values are adjusted to include any dividend payments, if applicable.

QQQU vs. HCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	-22.68%	32.87%	81.85%
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	-8.51%	7.39%	20.73%

Returns By Period

In the year-to-date period, QQQU achieves a -22.68% return, which is significantly lower than HCMT's -8.51% return.

QQQU

• 1D: 2.67%
• 1M: -10.17%
• YTD: -22.68%
• 6M: -19.92%
• 1Y: 45.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HCMT

• 1D: 0.09%
• 1M: -6.67%
• YTD: -8.51%
• 6M: -6.74%
• 1Y: 15.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQU vs. HCMT - Expense Ratio Comparison

QQQU has a 1.07% expense ratio, which is lower than HCMT's 1.17% expense ratio.

HCMT

Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF

QQQU

Direxion Daily Magnificent 7 Bull 2X Shares

Return for Risk

QQQU vs. HCMT — Risk / Return Rank

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

QQQU

QQQU Risk / Return Rank: 48
QQQU Sharpe Ratio Rank: 42
QQQU Sortino Ratio Rank: 55
QQQU Omega Ratio Rank: 49
QQQU Calmar Ratio Rank: 52
QQQU Martin Ratio Rank: 45

HCMT

HCMT Risk / Return Rank: 29
HCMT Sharpe Ratio Rank: 27
HCMT Sortino Ratio Rank: 28
HCMT Omega Ratio Rank: 28
HCMT Calmar Ratio Rank: 33
HCMT Martin Ratio Rank: 28

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. HCMT - 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 HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT). 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.

	QQQU	HCMT	Difference
Sharpe ratio Return per unit of total volatility	0.82	0.53	+0.29
Sortino ratio Return per unit of downside risk	1.49	0.87	+0.62
Omega ratio Gain probability vs. loss probability	1.20	1.12	+0.07
Calmar ratio Return relative to maximum drawdown	1.40	0.89	+0.51
Martin ratio Return relative to average drawdown	4.44	2.46	+1.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQU vs. HCMT - Sharpe Ratio Comparison

The current QQQU Sharpe Ratio is 0.82, which is higher than the HCMT Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of QQQU and HCMT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQU	HCMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	0.53	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.49	+0.17

Correlation

The correlation between QQQU and HCMT is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QQQU vs. HCMT - Dividend Comparison

QQQU's dividend yield for the trailing twelve months is around 12.41%, more than HCMT's 0.46% yield.

	TTM	2025	2024	2023
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	12.41%	9.62%	2.75%	0.00%
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	0.46%	0.43%	2.75%	0.63%

Drawdowns

QQQU vs. HCMT - Drawdown Comparison

The maximum QQQU drawdown since its inception was -53.70%, which is greater than HCMT's maximum drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for QQQU and HCMT.

Drawdown Indicators

	QQQU	HCMT	Difference
Max Drawdown Largest peak-to-trough decline	-53.70%	-36.26%	-17.44%
Max Drawdown (1Y) Largest decline over 1 year	-36.29%	-19.31%	-16.98%
Current Drawdown Current decline from peak	-28.64%	-13.43%	-15.21%
Average Drawdown Average peak-to-trough decline	-13.68%	-8.33%	-5.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.44%	6.98%	+4.46%

Volatility

QQQU vs. HCMT - Volatility Comparison

Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) has a higher volatility of 16.87% compared to Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) at 7.49%. This indicates that QQQU's price experiences larger fluctuations and is considered to be riskier than HCMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQU	HCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.87%	7.49%	+9.38%
Volatility (6M) Calculated over the trailing 6-month period	31.03%	20.06%	+10.97%
Volatility (1Y) Calculated over the trailing 1-year period	55.55%	29.73%	+25.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.08%	29.00%	+25.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.08%	29.00%	+25.08%