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QQU.TO vs. QQQU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQU.TO vs. QQQU

Last updated Jun 26, 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 Indxx Magnificent 7 Index (200%). Both are passively managed. Over the past year, QQU.TO returned 57.40% vs 24.46% for QQQU. Their correlation of 0.82 suggests significant overlap in exposure. QQU.TO charges 1.46%/yr vs 0.98%/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.

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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 28.55% return, which is significantly higher than QQQU's -14.39% return.

QQU.TO

1D
1.33%
1M
-5.10%
YTD
28.55%
6M
24.38%
1Y
57.40%
3Y*
41.80%
5Y*
18.80%
10Y*
34.03%

QQQU

1D
-4.75%
1M
-21.22%
YTD
-14.39%
6M
-17.50%
1Y
24.46%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQU.TO vs. QQQU - Yearly Performance Comparison

2026 (YTD)20252024
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		28.55%26.77%24.53%
QQQU
Direxion Daily Magnificent 7 Bull 2X Shares		-14.39%26.81%99.29%

Correlation

The correlation between QQU.TO and QQQU 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 7, 2024

0.82

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

QQU.TO vs. QQQU - Sectors Allocation Comparison

Sectors
QQU.TO
QQQU

Technology

58.5%
43.3%

Communication Services

14.3%
27.6%

Consumer Cyclical

11.4%
29.1%

Consumer Defensive

6.4%

-

Healthcare

3.7%

-

Industrials

2.8%

-

Utilities

1.2%

-

Basic Materials

1.0%

-

Energy

0.5%

-

Financial Services

0.2%

-

Real Estate

0.1%

-

Technology

QQU.TO
58.5%
QQQU
43.3%

Communication Services

QQU.TO
14.3%
QQQU
27.6%

Consumer Cyclical

QQU.TO
11.4%
QQQU
29.1%

Consumer Defensive

QQU.TO
6.4%
QQQU

-

Healthcare

QQU.TO
3.7%
QQQU

-

Industrials

QQU.TO
2.8%
QQQU

-

Utilities

QQU.TO
1.2%
QQQU

-

Basic Materials

QQU.TO
1.0%
QQQU

-

Energy

QQU.TO
0.5%
QQQU

-

Financial Services

QQU.TO
0.2%
QQQU

-

Real Estate

QQU.TO
0.1%
QQQU

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BetaPro NASDAQ-100 2x Daily Bull ETF

Direxion Daily Magnificent 7 Bull 2X Shares

Often compared with QQU.TO:
QQU.TO vs. QLDQQU.TO vs. TQQQQQU.TO vs. QQC.TOQQU.TO vs. XQQU.TOQQU.TO vs. VCN.TOQQU.TO vs. XQQ.TOQQU.TO vs. ZQQ.TO
Often compared with QQQU:
QQQU vs. MAGXQQQU vs. MAGSQQQU vs. QQQDQQQU vs. FNGGQQQU vs. QQUPQQQU vs. FNGUQQQU vs. VOO

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: 5151
Overall Rank
QQU.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
QQU.TO Sortino Ratio Rank: 4848
Sortino Ratio Rank
QQU.TO Omega Ratio Rank: 5050
Omega Ratio Rank
QQU.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
QQU.TO Martin Ratio Rank: 4949
Martin Ratio Rank
QQQU
QQQU Risk / Return Rank: 1717
Overall Rank
QQQU Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
QQQU Sortino Ratio Rank: 1818
Sortino Ratio Rank
QQQU Omega Ratio Rank: 1818
Omega Ratio Rank
QQQU Calmar Ratio Rank: 1616
Calmar Ratio Rank
QQQU Martin Ratio Rank: 1717
Martin Ratio Rank
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.

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.

QQU.TOQQQUDifference
Sharpe ratioReturn per unit of total volatility
1.63
0.60

+1.03

Sortino ratioReturn per unit of downside risk
2.10
1.05

+1.05

Omega ratioGain probability vs. loss probability

1.28

1.13

+0.15

Calmar ratioReturn relative to maximum drawdown

2.23

0.67

+1.56

Martin ratioReturn relative to average drawdown

7.40

1.92

+5.48

QQU.TO vs. QQQU - Sharpe Ratio Comparison

The current QQU.TO Sharpe Ratio is 1.63, which is higher than the QQQU Sharpe Ratio of 0.60. 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.

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Drawdowns

QQU.TO vs. QQQU - Drawdown Comparison

The maximum QQU.TO drawdown since its inception was -64.81%, which is greater than QQQU's maximum drawdown of -53.34%. Use the drawdown chart below to compare losses from any high point for QQU.TO and QQQU.

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Drawdown Indicators

QQU.TOQQQUDifference

Max Drawdown

Largest peak-to-trough decline

-64.81%

-53.34%

-11.47%

Max Drawdown (1Y)

Largest decline over 1 year

-25.85%

-36.50%

+10.65%

Max Drawdown (3Y)

Largest decline over 3 years

-43.00%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-64.81%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-64.81%

—

—

Current Drawdown

Current decline from peak

-9.02%

-24.15%

+15.13%

Average Drawdown

Average peak-to-trough decline

-11.82%

-13.84%

+2.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.78%

12.76%

-4.98%

Volatility

QQU.TO vs. QQQU - Volatility Comparison

BetaPro NASDAQ-100 2x Daily Bull ETF (QQU.TO) has a higher volatility of 17.94% compared to Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) at 15.14%. This indicates that QQU.TO's price experiences larger fluctuations and is considered to be riskier than QQQU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQU.TOQQQUDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.94%

15.14%

+2.80%

Volatility (6M)

Calculated over the trailing 6-month period

29.11%

30.88%

-1.77%

Volatility (1Y)

Calculated over the trailing 1-year period

35.49%

41.05%

-5.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.45%

53.01%

-7.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.09%

53.01%

-7.92%

QQU.TO vs. QQQU - Expense Ratio Comparison

QQU.TO has a 1.46% expense ratio, which is higher than QQQU's 0.98% 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 11.59%.

PositionTTM20252024
QQQU
Direxion Daily Magnificent 7 Bull 2X Shares		11.59%9.62%2.75%
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF		0.00%0.00%0.00%

Frequently Asked Questions

QQU.TO and QQQU 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.

On fees, QQQU is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQU is cheaper with a 0.98% expense ratio, compared with 1.46% for QQU.TO.

QQU.TO is categorized as Nasdaq-100, while QQQU is Leveraged Equities. QQU.TO tracks NASDAQ-100 Index, while QQQU tracks 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 0.98% for QQQU.

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