QQXL vs. MUU
Compare and contrast key facts about ProShares Ultra QQQ Top 30 (QQXL) and Direxion Daily MU Bull 2X Shares (MUU).
QQXL and MUU 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. MUU is an actively managed fund by Direxion. It was launched on Oct 9, 2024.
Performance
QQXL vs. MUU - Performance Comparison
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QQXL vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | -12.08% | 8.66% |
MUU Direxion Daily MU Bull 2X Shares | 41.27% | 369.91% |
Returns By Period
In the year-to-date period, QQXL achieves a -12.08% return, which is significantly lower than MUU's 41.27% return.
QQXL
- 1D
- 2.82%
- 1M
- -7.39%
- YTD
- -12.08%
- 6M
- -10.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUU
- 1D
- 17.77%
- 1M
- -25.73%
- YTD
- 41.27%
- 6M
- 205.92%
- 1Y
- 904.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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QQXL vs. MUU - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is lower than MUU's 1.06% expense ratio.
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 | — | 7.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 1.77 | -1.97 |
Correlation
The correlation between QQXL and MUU is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QQXL vs. MUU - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.73%, less than MUU's 3.42% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 0.73% | 0.08% | 0.00% |
MUU Direxion Daily MU Bull 2X Shares | 3.42% | 4.27% | 0.31% |
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 | -19.73% | -38.92% | +19.19% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -25.08% | +17.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.71% | — |
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 | — | 47.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 99.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.70% | 130.64% | -93.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.70% | 127.68% | -90.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.70% | 127.68% | -90.98% |