QQXL vs. MUU
QQXL (ProShares Ultra QQQ Top 30) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. QQXL charges 0.95%/yr vs 1.06%/yr for MUU.
Performance
QQXL vs. MUU - 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 MUU's 798.37% return.
QQXL
- 1D
- -1.36%
- 1M
- 16.51%
- YTD
- 41.81%
- 6M
- 39.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU
- 1D
- -15.35%
- 1M
- 121.05%
- YTD
- 798.37%
- 6M
- 1,279.44%
- 1Y
- 5,396.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQXL vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 41.81% | 8.66% |
MUU Direxion Daily MU Bull 2X Shares | 798.37% | 369.91% |
Correlation
The correlation between QQXL and MUU is 0.60, 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 | 0.60 |
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Return for Risk
QQXL vs. MUU — Risk / Return Rank
QQXL
MUU
QQXL vs. MUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and Direxion Daily MU Bull 2X Shares (MUU). 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 | MUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 41.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | 5.91 | -3.95 |
Drawdowns
QQXL vs. MUU - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for QQXL and MUU.
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Drawdown Indicators
| QQXL | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -75.07% | +47.73% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.72% | — |
Current DrawdownCurrent decline from peak | -1.84% | -15.35% | +13.51% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -23.42% | +16.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.54% | — |
Volatility
QQXL vs. MUU - Volatility Comparison
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Volatility by Period
| QQXL | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 56.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 106.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 132.77% | -95.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.93% | 134.14% | -97.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 134.14% | -97.21% |
QQXL vs. MUU - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is lower than MUU's 1.06% expense ratio.
Dividends
QQXL vs. MUU - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.45%, less than MUU's 0.54% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MUU Direxion Daily MU Bull 2X Shares | 0.54% | 4.27% | 0.31% |
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 0.08% | 0.00% |
Frequently Asked Questions
QQXL and MUU have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQXL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQXL is cheaper with a 0.95% expense ratio, compared with 1.06% for MUU.
MUU has the higher dividend yield at 0.54%, compared with 0.45% for QQXL.
They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for QQXL and 1.06% for MUU.
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