QQXL vs. FXU
QQXL (ProShares Ultra QQQ Top 30) and FXU (First Trust Utilities AlphaDEX Fund) are both exchange-traded funds - QQXL is a Leveraged Equities fund actively managed by ProShares, while FXU is a Utilities Equities fund tracking the StrataQuant Utilities Index. QQXL is actively managed, while FXU is passively managed. At a correlation of -0.07, they often move in opposite directions. QQXL charges 0.95%/yr vs 0.62%/yr for FXU.
Performance
QQXL vs. FXU - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 29.93% return, which is significantly higher than FXU's 11.40% return.
QQXL
- 1D
- 1.80%
- 1M
- -7.57%
- YTD
- 29.93%
- 6M
- 25.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FXU
- 1D
- 0.62%
- 1M
- 2.19%
- YTD
- 11.40%
- 6M
- 11.28%
- 1Y
- 21.86%
- 3Y*
- 19.13%
- 5Y*
- 13.06%
- 10Y*
- 9.62%
QQXL vs. FXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 29.93% | 9.00% |
FXU First Trust Utilities AlphaDEX Fund | 11.40% | 1.77% |
Correlation
The correlation between QQXL and FXU is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 15, 2025 | -0.07 |
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Return for Risk
QQXL vs. FXU — Risk / Return Rank
QQXL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FXU
QQXL vs. FXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and First Trust Utilities AlphaDEX Fund (FXU). 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 | FXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.54 | — |
| Martin ratioReturn relative to average drawdown | — | 6.58 | — |
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Drawdowns
QQXL vs. FXU - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum FXU drawdown of -49.00%. Use the drawdown chart below to compare losses from any high point for QQXL and FXU.
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Drawdown Indicators
| QQXL | FXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -49.00% | +21.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.63% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.81% | — |
Current DrawdownCurrent decline from peak | -10.07% | -2.77% | -7.30% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -7.63% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.33% | — |
Volatility
QQXL vs. FXU - Volatility Comparison
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Volatility by Period
| QQXL | FXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.52% | 13.34% | +27.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.52% | 16.57% | +23.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.52% | 18.35% | +22.17% |
QQXL vs. FXU - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than FXU's 0.62% expense ratio.
Dividends
QQXL vs. FXU - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.78%, less than FXU's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXU First Trust Utilities AlphaDEX Fund | 2.55% | 2.29% | 2.41% | 2.52% | 2.03% | 2.00% | 3.97% | 2.34% | 2.40% | 3.81% | 2.62% | 3.90% |
QQXL ProShares Ultra QQQ Top 30 | 0.78% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQXL and FXU have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FXU is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FXU is cheaper with a 0.62% expense ratio, compared with 0.95% for QQXL.
FXU has the higher dividend yield at 2.55%, compared with 0.78% for QQXL.
QQXL is categorized as Leveraged Equities, while FXU is Utilities Equities. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.95% for QQXL and 0.62% for FXU.
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