QQQU vs. SPOG
QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) and SPOG (Leverage Shares 2X Long SPOT Daily ETF) are both Leveraged Equities funds. QQQU is passively managed, while SPOG is actively managed. Their 0.15 correlation means their historical movements had little consistent relationship. QQQU charges 0.98%/yr vs 0.75%/yr for SPOG.
Performance
QQQU vs. SPOG - Performance Comparison
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Returns By Period
In the year-to-date period, QQQU achieves a -5.22% return, which is significantly higher than SPOG's -40.53% return.
QQQU
- 1D
- 6.85%
- 1M
- 2.17%
- 6M
- -5.40%
- YTD
- -5.22%
- 1Y
- 28.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 43.14%
SPOG
- 1D
- -8.23%
- 1M
- 4.88%
- 6M
- -18.07%
- YTD
- -40.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.18M | $2.57M | $3.73M | |
| $166.22K | $181.03K | $420.26K |
QQQU vs. SPOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | -5.22% | 5.64% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | -40.53% | -18.73% |
Correlation
The correlation between QQQU and SPOG is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.15 |
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Return for Risk
QQQU vs. SPOG — Risk / Return Rank
QQQU
SPOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQU vs. SPOG - 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 SPOT Daily ETF (SPOG). 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 | SPOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | — | — |
| Martin ratioReturn relative to average drawdown | 1.52 | — | — |
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Drawdowns
QQQU vs. SPOG - Drawdown Comparison
The maximum QQQU drawdown since its inception was -53.70%, smaller than the maximum SPOG drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for QQQU and SPOG.
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Drawdown Indicators
| QQQU | SPOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.70% | -64.41% | +10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -36.29% | — | — |
Current DrawdownCurrent decline from peak | -15.34% | -52.15% | +36.81% |
Average DrawdownAverage peak-to-trough decline | -13.50% | -43.46% | +29.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.41% | — | — |
Volatility
QQQU vs. SPOG - Volatility Comparison
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Volatility by Period
| QQQU | SPOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.79% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 44.63% | 96.11% | -51.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.39% | 96.11% | -42.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.39% | 96.11% | -42.72% |
QQQU vs. SPOG - Expense Ratio Comparison
QQQU has a 0.98% expense ratio, which is higher than SPOG's 0.75% expense ratio.
Dividends
QQQU vs. SPOG - Dividend Comparison
QQQU's dividend yield for the trailing twelve months is around 10.07%, while SPOG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 10.07% | 9.62% | 2.75% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQU and SPOG have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG is cheaper with a 0.75% expense ratio, compared with 0.98% for QQQU.
QQQU has the higher dividend yield at 10.07%, compared with 0.00% for SPOG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for QQQU and 0.75% for SPOG.
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