QQUP vs. AIBU

Last updated Jun 4, 2026

QQUP (ProShares Ultra Top QQQ) 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. 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 Top QQQ (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 14.50% return, which is significantly lower than AIBU's 48.05% return.

QQUP

• 1D: -3.99%
• 1M: 7.57%
• YTD: 14.50%
• 6M: 8.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIBU

• 1D: -4.35%
• 1M: 29.93%
• YTD: 48.05%
• 6M: 34.98%
• 1Y: 109.46%
• 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 Top QQQ	14.50%	44.45%
AIBU Direxion Daily AI and Big Data Bull 2X Shares	48.05%	33.98%

Correlation

The correlation between QQUP and AIBU is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.82

Return for Risk

QQUP vs. AIBU — Risk / Return Rank

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

AIBU

AIBU Risk / Return Rank: 53
AIBU Sharpe Ratio Rank: 70
AIBU Sortino Ratio Rank: 56
AIBU Omega Ratio Rank: 55
AIBU Calmar Ratio Rank: 46
AIBU 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.

QQUP vs. AIBU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QQUP	AIBU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	1.25	+0.52

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	—	-48.71%	—
Current Drawdown Current decline from peak	-6.42%	-4.35%	-2.07%
Average Drawdown Average peak-to-trough decline	-9.20%	-13.76%	+4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.91%	—

Volatility

Volatility by Period

	QQUP	AIBU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.52%	47.71%	-9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.52%	55.37%	-16.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.52%	55.37%	-16.85%

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 0.42%, less than AIBU's 1.51% yield.

Position	TTM	2025	2024
AIBU Direxion Daily AI and Big Data Bull 2X Shares	1.51%	2.27%	1.33%
QQUP ProShares Ultra Top QQQ	0.42%	0.29%	0.00%

Frequently Asked Questions

Can I hold both QQUP and AIBU in my portfolio?

QQUP and AIBU have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQUP or AIBU?

On fees, QQUP is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 1.51%, compared with 0.42% 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.