QQXL vs. BULZ
QQXL (ProShares Ultra QQQ Top 30) and BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) are both Leveraged Equities funds. QQXL is actively managed, while BULZ is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.
Performance
QQXL vs. BULZ - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 29.93% return, which is significantly lower than BULZ's 39.13% return.
QQXL
- 1D
- 1.80%
- 1M
- -7.57%
- YTD
- 29.93%
- 6M
- 25.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BULZ
- 1D
- 1.60%
- 1M
- -23.69%
- YTD
- 39.13%
- 6M
- 31.13%
- 1Y
- 112.44%
- 3Y*
- 76.27%
- 5Y*
- —
- 10Y*
- —
QQXL vs. BULZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 29.93% | 9.00% |
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 39.13% | 21.96% |
Correlation
The correlation between QQXL and BULZ is 0.92, 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 Aug 15, 2025 | 0.92 |
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Return for Risk
QQXL vs. BULZ — Risk / Return Rank
QQXL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BULZ
QQXL vs. BULZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ). 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.
| QQXL | BULZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.09 | — |
| Martin ratioReturn relative to average drawdown | — | 5.32 | — |
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Drawdowns
QQXL vs. BULZ - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum BULZ drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for QQXL and BULZ.
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Drawdown Indicators
| QQXL | BULZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -94.44% | +67.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.22% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.96% | — |
Current DrawdownCurrent decline from peak | -10.07% | -34.45% | +24.38% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -57.98% | +51.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.21% | — |
Volatility
QQXL vs. BULZ - Volatility Comparison
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Volatility by Period
| QQXL | BULZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 34.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 63.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.52% | 79.79% | -39.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.52% | 91.79% | -51.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.52% | 91.79% | -51.27% |
QQXL vs. BULZ - Expense Ratio Comparison
Both QQXL and BULZ have an expense ratio of 0.95%.
Dividends
QQXL vs. BULZ - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.78%, while BULZ has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 0.00% | 0.00% |
QQXL ProShares Ultra QQQ Top 30 | 0.78% | 0.08% |
Frequently Asked Questions
With a correlation of 0.92, QQXL and BULZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQXL and BULZ have the same expense ratio: 0.95% per year.
QQXL has the higher dividend yield at 0.78%, compared with 0.00% for BULZ.
They also come from different issuers: ProShares and BMO.
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