PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QQXL vs. ERX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QQXL vs. ERX

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra QQQ Top 30 (QQXL) and Direxion Daily Energy Bull 2X Shares (ERX).

QQXL and ERX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQXL is an actively managed fund by ProShares. It was launched on Aug 13, 2025. ERX is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (300%). It was launched on Apr 1, 2020.

Performance

QQXL vs. ERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra QQQ Top 30 (QQXL) and Direxion Daily Energy Bull 2X Shares (ERX). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

QQXL vs. ERX - Yearly Performance Comparison

2026 (YTD)2025
QQXL
ProShares Ultra QQQ Top 30		-12.08%8.66%
ERX
Direxion Daily Energy Bull 2X Shares		71.72%9.29%

Returns By Period

In the year-to-date period, QQXL achieves a -12.08% return, which is significantly lower than ERX's 71.72% return.

QQXL

1D
2.82%
1M
-7.39%
YTD
-12.08%
6M
-10.46%
1Y
—
3Y*
—
5Y*
—
10Y*
—

ERX

1D
-7.39%
1M
7.35%
YTD
71.72%
6M
71.12%
1Y
48.19%
3Y*
21.00%
5Y*
34.47%
10Y*
-6.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra QQQ Top 30

Direxion Daily Energy Bull 2X Shares

Often compared with QQXL:
QQXL vs. QQQQQXL vs. QQQMQQXL vs. QQUPQQXL vs. TQQQQQXL vs. BULZQQXL vs. QQQUQQXL vs. QQQQ.TO
Often compared with ERX:
ERX vs. GUSHERX vs. DIGERX vs. XLEERX vs. ERYERX vs. UCOERX vs. BOILERX vs. NUGT

QQXL vs. ERX - Expense Ratio Comparison

QQXL has a 0.95% expense ratio, which is lower than ERX's 1.09% expense ratio.

ERX
Direxion Daily Energy Bull 2X Shares
QQXL
ProShares Ultra QQQ Top 30

Return for Risk

QQXL vs. ERX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQXL
ERX
ERX Risk / Return Rank: 4848
Overall Rank
ERX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
ERX Sortino Ratio Rank: 5151
Sortino Ratio Rank
ERX Omega Ratio Rank: 5353
Omega Ratio Rank
ERX Calmar Ratio Rank: 5252
Calmar Ratio Rank
ERX Martin Ratio Rank: 3232
Martin Ratio Rank
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.

QQXL vs. ERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and Direxion Daily Energy Bull 2X Shares (ERX). 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.

QQXL vs. ERX - Sharpe Ratio Comparison

Loading graphics...

Sharpe Ratios by Period

QQXLERXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.97

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.66

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.09

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.19

-0.09

-0.11

Correlation

The correlation between QQXL and ERX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

QQXL vs. ERX - Dividend Comparison

QQXL's dividend yield for the trailing twelve months is around 0.73%, less than ERX's 1.56% yield.

TTM202520242023202220212020201920182017
QQXL
ProShares Ultra QQQ Top 30		0.73%0.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ERX
Direxion Daily Energy Bull 2X Shares		1.56%2.54%2.94%3.17%2.23%2.16%2.35%1.56%3.10%0.85%

Drawdowns

QQXL vs. ERX - Drawdown Comparison

The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for QQXL and ERX.

Loading graphics...

Drawdown Indicators

QQXLERXDifference

Max Drawdown

Largest peak-to-trough decline

-27.34%

-99.54%

+72.20%

Max Drawdown (1Y)

Largest decline over 1 year

—

-35.17%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-46.90%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-98.59%

—

Current Drawdown

Current decline from peak

-19.73%

-91.33%

+71.60%

Average Drawdown

Average peak-to-trough decline

-7.69%

-66.78%

+59.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

17.26%

—

Volatility

QQXL vs. ERX - Volatility Comparison

Loading graphics...

Volatility by Period

QQXLERXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

13.01%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

29.14%

—

Volatility (1Y)

Calculated over the trailing 1-year period

36.70%

50.15%

-13.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.70%

52.18%

-15.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.70%

69.25%

-32.55%