QQUP vs. MUU
Compare and contrast key facts about ProShares Ultra Top QQQ (QQUP) and Direxion Daily MU Bull 2X Shares (MUU).
QQUP and MUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQUP is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Mega Index (200%). It was launched on Jun 10, 2025. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.
Performance
QQUP vs. MUU - Performance Comparison
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QQUP vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQUP ProShares Ultra Top QQQ | -21.45% | 44.45% |
MUU Direxion Daily MU Bull 2X Shares | 41.27% | 385.97% |
Returns By Period
In the year-to-date period, QQUP achieves a -21.45% return, which is significantly lower than MUU's 41.27% return.
QQUP
- 1D
- 2.59%
- 1M
- -8.10%
- YTD
- -21.45%
- 6M
- -20.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU
- 1D
- 17.77%
- 1M
- -25.73%
- YTD
- 41.27%
- 6M
- 205.92%
- 1Y
- 904.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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QQUP vs. MUU - Expense Ratio Comparison
QQUP has a 0.95% expense ratio, which is lower than MUU's 1.06% expense ratio.
Return for Risk
QQUP vs. MUU — Risk / Return Rank
QQUP
MUU
QQUP vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) and Direxion Daily MU Bull 2X Shares (MUU). 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.
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Sharpe Ratios by Period
| QQUP | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 7.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.77 | -1.33 |
Correlation
The correlation between QQUP and MUU is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QQUP vs. MUU - Dividend Comparison
QQUP's dividend yield for the trailing twelve months is around 0.61%, less than MUU's 3.42% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
QQUP ProShares Ultra Top QQQ | 0.61% | 0.29% | 0.00% |
MUU Direxion Daily MU Bull 2X Shares | 3.42% | 4.27% | 0.31% |
Drawdowns
QQUP vs. MUU - Drawdown Comparison
The maximum QQUP drawdown since its inception was -37.67%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for QQUP and MUU.
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Drawdown Indicators
| QQUP | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -75.07% | +37.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.72% | — |
Current DrawdownCurrent decline from peak | -30.55% | -38.92% | +8.37% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -25.08% | +15.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.71% | — |
Volatility
QQUP vs. MUU - Volatility Comparison
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Volatility by Period
| QQUP | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 47.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 99.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.72% | 130.64% | -91.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.72% | 127.68% | -88.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.72% | 127.68% | -88.96% |