QQQU vs. QQU.TO

Last updated Jun 5, 2026

QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) and QQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) are both exchange-traded funds - QQQU is a Leveraged Equities fund tracking the The Indxx Magnificent 7 Index (200%), while QQU.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past year, QQQU returned 62.95% vs 74.55% for QQU.TO. Their correlation of 0.82 suggests significant overlap in exposure. QQQU charges 1.07%/yr vs 1.46%/yr for QQU.TO.

Performance

QQQU vs. QQU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQQU is traded in USD, while QQU.TO is traded in CAD. To make them comparable, the QQU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQU achieves a 6.21% return, which is significantly lower than QQU.TO's 37.27% return.

QQQU

• 1D: 2.17%
• 1M: 5.86%
• YTD: 6.21%
• 6M: 4.73%
• 1Y: 62.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQU.TO

• 1D: -1.22%
• 1M: 14.66%
• YTD: 37.27%
• 6M: 35.03%
• 1Y: 74.55%
• 3Y*: 44.54%
• 5Y*: 19.26%
• 10Y*: 31.89%

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

QQQU vs. QQU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	6.21%	32.87%	81.85%
QQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	37.27%	32.84%	13.03%

Correlation

The correlation between QQQU and QQU.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.82

The correlation between QQQU and QQU.TO has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

QQQU vs. QQU.TO - Sectors Allocation Comparison

Sectors	QQQU	QQU.TO
Technology	15.8%	53.7%
Consumer Cyclical	10.7%	12.2%
Communication Services	10.3%	15.8%
Basic Materials	-	1.1%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	3.1%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

QQQU vs. QQU.TO — Risk / Return Rank

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

QQQU

QQQU Risk / Return Rank: 40
QQQU Sharpe Ratio Rank: 46
QQQU Sortino Ratio Rank: 42
QQQU Omega Ratio Rank: 41
QQQU Calmar Ratio Rank: 36
QQQU Martin Ratio Rank: 36

QQU.TO

QQU.TO Risk / Return Rank: 65
QQU.TO Sharpe Ratio Rank: 77
QQU.TO Sortino Ratio Rank: 65
QQU.TO Omega Ratio Rank: 65
QQU.TO Calmar Ratio Rank: 62
QQU.TO Martin Ratio Rank: 59

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. QQU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO). 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	QQU.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.27	-0.69
Sortino ratio: Return per unit of downside risk	2.10	2.78	-0.68
Omega ratio: Gain probability vs. loss probability	1.26	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	1.74	2.92	-1.17
Martin ratio: Return relative to average drawdown	5.44	10.60	-5.17
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. QQU.TO - Sharpe Ratio Comparison

The current QQQU Sharpe Ratio is 1.59, which is lower than the QQU.TO Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of QQQU and QQU.TO, 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

	QQQU	QQU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	2.27	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.71	+0.29

Drawdowns

QQQU vs. QQU.TO - Drawdown Comparison

The maximum QQQU drawdown since its inception was -53.70%, smaller than the maximum QQU.TO drawdown of -67.30%. Use the drawdown chart below to compare losses from any high point for QQQU and QQU.TO.

Drawdown Indicators

	QQQU	QQU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-53.70%	-67.30%	+13.60%
Max Drawdown (1Y) Largest decline over 1 year	-36.29%	-25.71%	-10.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-43.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-67.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.30%	—
Current Drawdown Current decline from peak	-5.13%	-2.04%	-3.09%
Average Drawdown Average peak-to-trough decline	-13.33%	-13.34%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.62%	7.05%	+4.57%

Volatility

QQQU vs. QQU.TO - Volatility Comparison

Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) have volatilities of 9.51% and 9.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQU	QQU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.51%	9.53%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	28.27%	25.38%	+2.89%
Volatility (1Y) Calculated over the trailing 1-year period	39.92%	33.00%	+6.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.96%	47.73%	+5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.96%	47.64%	+5.32%

QQQU vs. QQU.TO - Expense Ratio Comparison

QQQU has a 1.07% expense ratio, which is lower than QQU.TO's 1.46% expense ratio.

Dividends

QQQU vs. QQU.TO - Dividend Comparison

QQQU's dividend yield for the trailing twelve months is around 9.03%, while QQU.TO has not paid dividends to shareholders.

Position	TTM	2025	2024
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	9.03%	9.62%	2.75%
QQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQU and QQU.TO in my portfolio?

QQQU and QQU.TO have a correlation of 0.77, 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 QQU.TO?

On fees, QQQU is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQU or QQU.TO?

QQQU is cheaper with a 1.07% expense ratio, compared with 1.46% for QQU.TO.

What is the main difference between QQQU and QQU.TO?

QQQU is categorized as Leveraged Equities, while QQU.TO is Nasdaq-100. QQQU tracks The Indxx Magnificent 7 Index (200%), while QQU.TO tracks NASDAQ-100 Index. They also come from different issuers: Direxion and Global X. Their fees differ too: 1.07% for QQQU and 1.46% for QQU.TO.