QQXL vs. ARMG
QQXL (ProShares Ultra QQQ Top 30) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. QQXL charges 0.95%/yr vs 0.75%/yr for ARMG.
Performance
QQXL vs. ARMG - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 41.81% return, which is significantly lower than ARMG's 841.05% return.
QQXL
- 1D
- -1.36%
- 1M
- 16.51%
- YTD
- 41.81%
- 6M
- 39.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMG
- 1D
- -9.19%
- 1M
- 211.14%
- YTD
- 841.05%
- 6M
- 460.44%
- 1Y
- 443.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQXL vs. ARMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 41.81% | 8.66% |
ARMG Leverage Shares 2X Long ARM Daily ETF | 841.05% | -45.77% |
Correlation
The correlation between QQXL and ARMG is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 18, 2025 | 0.54 |
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Return for Risk
QQXL vs. ARMG — Risk / Return Rank
QQXL
ARMG
QQXL vs. ARMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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
| QQXL | ARMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | 1.10 | +0.85 |
Drawdowns
QQXL vs. ARMG - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for QQXL and ARMG.
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Drawdown Indicators
| QQXL | ARMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -80.28% | +52.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -68.13% | — |
Current DrawdownCurrent decline from peak | -1.84% | -9.19% | +7.35% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -52.91% | +46.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 38.55% | — |
Volatility
QQXL vs. ARMG - Volatility Comparison
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Volatility by Period
| QQXL | ARMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 66.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 104.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 130.67% | -93.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.93% | 138.36% | -101.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 138.36% | -101.43% |
QQXL vs. ARMG - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than ARMG's 0.75% expense ratio.
Dividends
QQXL vs. ARMG - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.45%, less than ARMG's 0.52% yield.
| Position | TTM | 2025 |
|---|---|---|
ARMG Leverage Shares 2X Long ARM Daily ETF | 0.52% | 4.86% |
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 0.08% |
Frequently Asked Questions
QQXL and ARMG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ARMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ARMG is cheaper with a 0.75% expense ratio, compared with 0.95% for QQXL.
ARMG has the higher dividend yield at 0.52%, compared with 0.45% for QQXL.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for QQXL and 0.75% for ARMG.
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