QQQU vs. VOO
Compare and contrast key facts about Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Vanguard S&P 500 ETF (VOO).
QQQU and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both QQQU and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQU or VOO.
Correlation
The correlation between QQQU and VOO is 0.79, 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.
Performance
QQQU vs. VOO - Performance Comparison
Key characteristics
QQQU:
50.27%
VOO:
12.78%
QQQU:
-33.84%
VOO:
-33.99%
QQQU:
-9.10%
VOO:
-0.46%
Returns By Period
In the year-to-date period, QQQU achieves a 3.59% return, which is significantly higher than VOO's 2.90% return.
QQQU
3.59%
-0.93%
35.22%
N/A
N/A
N/A
VOO
2.90%
2.05%
9.63%
26.44%
14.54%
13.46%
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QQQU vs. VOO - Expense Ratio Comparison
QQQU has a 1.07% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
QQQU vs. VOO — Risk-Adjusted Performance Rank
QQQU
VOO
QQQU vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Vanguard S&P 500 ETF (VOO). 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.
Not enough dataDividends
QQQU vs. VOO - Dividend Comparison
QQQU's dividend yield for the trailing twelve months is around 2.65%, more than VOO's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 2.65% | 2.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.21% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
QQQU vs. VOO - Drawdown Comparison
The maximum QQQU drawdown since its inception was -33.84%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for QQQU and VOO. For additional features, visit the drawdowns tool.
Volatility
QQQU vs. VOO - Volatility Comparison
Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) has a higher volatility of 18.08% compared to Vanguard S&P 500 ETF (VOO) at 5.12%. This indicates that QQQU's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.