QQUP vs. AIBU

Last updated Jul 17, 2026

QQUP (ProShares Ultra QQQ Mega) and AIBU (Direxion Daily AI and Big Data Bull 2X Shares) are both Leveraged Equities funds - QQUP tracks the Nasdaq-100 Mega Index (200%) while AIBU tracks the Solactive US AI & Big Data Index. Both are passively managed. Over the past year, QQUP returned 33.68% vs 34.94% for AIBU. Their correlation of 0.82 suggests significant overlap in exposure. QQUP charges 0.95%/yr vs 0.96%/yr for AIBU.

Performance

QQUP vs. AIBU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra QQQ Mega (QQUP) and Direxion Daily AI and Big Data Bull 2X Shares (AIBU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQUP achieves a 6.08% return, which is significantly lower than AIBU's 17.63% return.

QQUP

• 1D: -2.93%
• 1M: 1.66%
• 6M: 8.16%
• YTD: 6.08%
• 1Y: 33.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIBU

• 1D: -5.10%
• 1M: -10.04%
• 6M: 15.47%
• YTD: 17.63%
• 1Y: 34.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQUP vs. AIBU - Yearly Performance Comparison

	2026 (YTD)	2025
QQUP ProShares Ultra QQQ Mega	6.08%	45.33%
AIBU Direxion Daily AI and Big Data Bull 2X Shares	17.63%	35.81%

Correlation

The correlation between QQUP and AIBU is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.82

The correlation between QQUP and AIBU has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

Return for Risk

QQUP vs. AIBU — Risk / Return Rank

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

QQUP

QQUP Risk / Return Rank: 26
QQUP Sharpe Ratio Rank: 28
QQUP Sortino Ratio Rank: 28
QQUP Omega Ratio Rank: 27
QQUP Calmar Ratio Rank: 23
QQUP Martin Ratio Rank: 24

AIBU

AIBU Risk / Return Rank: 23
AIBU Sharpe Ratio Rank: 24
AIBU Sortino Ratio Rank: 26
AIBU Omega Ratio Rank: 25
AIBU Calmar Ratio Rank: 20
AIBU Martin Ratio Rank: 19

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.

QQUP vs. AIBU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Mega (QQUP) and Direxion Daily AI and Big Data Bull 2X Shares (AIBU). 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.

	QQUP	AIBU	Difference
Sharpe ratio: Return per unit of total volatility	0.83	0.69	+0.15
Sortino ratio: Return per unit of downside risk	1.31	1.20	+0.11
Omega ratio: Gain probability vs. loss probability	1.16	1.15	+0.01
Calmar ratio: Return relative to maximum drawdown	0.90	0.72	+0.18
Martin ratio: Return relative to average drawdown	2.37	1.68	+0.69

QQUP vs. AIBU - Sharpe Ratio Comparison

The current QQUP Sharpe Ratio is 0.83, which is comparable to the AIBU Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of QQUP and AIBU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQUP vs. AIBU - Drawdown Comparison

The maximum QQUP drawdown since its inception was -37.67%, smaller than the maximum AIBU drawdown of -51.17%. Use the drawdown chart below to compare losses from any high point for QQUP and AIBU.

Drawdown Indicators

	QQUP	AIBU	Difference
Max Drawdown Largest peak-to-trough decline	-37.67%	-51.17%	+13.50%
Max Drawdown (1Y) Largest decline over 1 year	-37.67%	-48.71%	+11.04%
Current Drawdown Current decline from peak	-13.30%	-24.00%	+10.70%
Average Drawdown Average peak-to-trough decline	-9.98%	-13.97%	+3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.24%	20.88%	-6.64%

Volatility

QQUP vs. AIBU - Volatility Comparison

The current volatility for ProShares Ultra QQQ Mega (QQUP) is 13.64%, while Direxion Daily AI and Big Data Bull 2X Shares (AIBU) has a volatility of 14.80%. This indicates that QQUP experiences smaller price fluctuations and is considered to be less risky than AIBU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQUP	AIBU	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.64%	14.80%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	32.00%	40.35%	-8.35%
Volatility (1Y) Calculated over the trailing 1-year period	40.69%	51.18%	-10.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.87%	55.79%	-15.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.87%	55.79%	-15.92%

QQUP vs. AIBU - Expense Ratio Comparison

QQUP has a 0.95% expense ratio, which is lower than AIBU's 0.96% expense ratio.

Dividends

QQUP vs. AIBU - Dividend Comparison

QQUP's dividend yield for the trailing twelve months is around 0.62%, less than AIBU's 1.83% yield.

Position	TTM	2025	2024
AIBU Direxion Daily AI and Big Data Bull 2X Shares	1.83%	2.27%	1.33%
QQUP ProShares Ultra QQQ Mega	0.62%	0.29%	0.00%

Frequently Asked Questions

Can I hold both QQUP and AIBU in my portfolio?

QQUP and AIBU have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQUP or AIBU?

AIBU has higher volatility (14.80%) compared to QQUP (13.64%). In terms of maximum drawdown, QQUP dropped -37.67% vs AIBU's -51.17%.

Which ETF is better, QQUP or AIBU?

On 1-year performance, AIBU leads with 34.94% vs 33.68% for QQUP. On fees, QQUP is cheaper at 0.95% per year. On volatility, QQUP has been the lower-risk option at 13.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQUP or AIBU?

Over the 1-year period, AIBU has performed better with a 34.94% return vs 33.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQUP or AIBU?

QQUP is cheaper with a 0.95% expense ratio, compared with 0.96% for AIBU.

Which ETF pays a higher dividend yield, QQUP or AIBU?

AIBU has the higher dividend yield at 1.83%, compared with 0.62% for QQUP.

What is the main difference between QQUP and AIBU?

QQUP tracks Nasdaq-100 Mega Index (200%), while AIBU tracks Solactive US AI & Big Data Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for QQUP and 0.96% for AIBU.

Which has better risk-adjusted returns?

QQUP currently has the higher Sharpe Ratio (0.83 vs 0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.