QQU.TO vs. QQQU

Last updated Jun 5, 2026

QQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) and QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) are both exchange-traded funds - QQU.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while QQQU is a Leveraged Equities fund tracking the The Indxx Magnificent 7 Index (200%). Both are passively managed. Over the past year, QQU.TO returned 77.53% vs 65.72% for QQQU. Their correlation of 0.82 suggests significant overlap in exposure. QQU.TO charges 1.46%/yr vs 1.07%/yr for QQQU.

Performance

QQU.TO vs. QQQU - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, QQU.TO achieves a 39.04% return, which is significantly higher than QQQU's 7.68% return.

QQU.TO

• 1D: -1.13%
• 1M: 17.08%
• YTD: 39.04%
• 6M: 34.49%
• 1Y: 77.53%
• 3Y*: 46.17%
• 5Y*: 22.66%
• 10Y*: 32.96%

QQQU

• 1D: 2.27%
• 1M: 8.13%
• YTD: 7.68%
• 6M: 4.37%
• 1Y: 65.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQU.TO vs. QQQU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	39.04%	26.77%	20.79%
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	7.68%	26.78%	94.32%

Correlation

The correlation between QQU.TO and QQQU is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.82

The correlation between QQU.TO and QQQU has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

QQU.TO vs. QQQU - Sectors Allocation Comparison

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

Return for Risk

QQU.TO vs. QQQU — Risk / Return Rank

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

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

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

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.

QQU.TO vs. QQQU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU). 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.

	QQU.TO	QQQU	Difference
Sharpe ratio: Return per unit of total volatility	2.46	1.68	+0.78
Sortino ratio: Return per unit of downside risk	2.95	2.18	+0.77
Omega ratio: Gain probability vs. loss probability	1.38	1.27	+0.11
Calmar ratio: Return relative to maximum drawdown	3.01	1.82	+1.20
Martin ratio: Return relative to average drawdown	10.32	5.40	+4.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQU.TO vs. QQQU - Sharpe Ratio Comparison

The current QQU.TO Sharpe Ratio is 2.46, which is higher than the QQQU Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of QQU.TO and QQQU, 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

	QQU.TO	QQQU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	1.68	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.05	-0.50

Drawdowns

QQU.TO vs. QQQU - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -78.51%, which is greater than QQQU's maximum drawdown of -55.22%. Use the drawdown chart below to compare losses from any high point for QQU.TO and QQQU.

Drawdown Indicators

	QQU.TO	QQQU	Difference
Max Drawdown Largest peak-to-trough decline	-78.51%	-55.22%	-23.29%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-36.38%	+10.53%
Max Drawdown (3Y) Largest decline over 3 years	-43.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-64.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.83%	—	—
Current Drawdown Current decline from peak	-1.60%	-3.99%	+2.39%
Average Drawdown Average peak-to-trough decline	-17.02%	-13.96%	-3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.54%	12.22%	-4.68%

Volatility

QQU.TO vs. QQQU - Volatility Comparison

BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) have volatilities of 9.28% and 9.33%, 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

	QQU.TO	QQQU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	9.33%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	24.30%	27.68%	-3.38%
Volatility (1Y) Calculated over the trailing 1-year period	31.70%	39.30%	-7.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.84%	52.26%	-7.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.85%	52.26%	-7.41%

QQU.TO vs. QQQU - Expense Ratio Comparison

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

Dividends

QQU.TO vs. QQQU - Dividend Comparison

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

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 QQU.TO and QQQU in my portfolio?

QQU.TO and QQQU have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQU.TO or QQQU?

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, QQU.TO or QQQU?

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

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

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