QQXL vs. BULZ
QQXL (ProShares Ultra QQQ Top 30) and BULZ (MicroSectors Solactive FANG & Innovation 3X Leveraged ETN) are both Leveraged Equities funds. QQXL is actively managed, while BULZ is passively managed. Their correlation of 0.91 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 41.81% return, which is significantly lower than BULZ's 92.22% return.
QQXL
- 1D
- -1.36%
- 1M
- 16.51%
- YTD
- 41.81%
- 6M
- 39.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BULZ
- 1D
- -4.32%
- 1M
- 33.43%
- YTD
- 92.22%
- 6M
- 82.15%
- 1Y
- 239.73%
- 3Y*
- 100.25%
- 5Y*
- —
- 10Y*
- —
QQXL vs. BULZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 41.81% | 8.66% |
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 92.22% | 23.90% |
Correlation
The correlation between QQXL and BULZ is 0.91, 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 18, 2025 | 0.91 |
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Return for Risk
QQXL vs. BULZ — Risk / Return Rank
QQXL
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 Solactive FANG & Innovation 3X Leveraged ETN (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.
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 | BULZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | 0.18 | +1.78 |
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 | -1.84% | -9.44% | +7.60% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -58.38% | +51.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 20.20% | — |
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 | — | 22.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 74.46% | -37.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.93% | 91.22% | -54.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 91.22% | -54.29% |
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 0.45%, while BULZ has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 0.00% | 0.00% |
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 0.08% |
Frequently Asked Questions
With a correlation of 0.91, 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 0.45%, compared with 0.00% for BULZ.
They also come from different issuers: ProShares and BMO.
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