QQXL vs. SBU

Last updated Jun 26, 2026

QQXL (ProShares Ultra QQQ Top 30) and SBU (Leverage Shares 2X Long SBUX Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. QQXL charges 0.95%/yr vs 0.75%/yr for SBU.

Performance

QQXL vs. SBU - Performance Comparison

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

Returns By Period

In the year-to-date period, QQXL achieves a 29.93% return, which is significantly lower than SBU's 39.21% return.

QQXL

• 1D: 1.80%
• 1M: -7.57%
• YTD: 29.93%
• 6M: 25.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBU

• 1D: -0.94%
• 1M: 1.86%
• YTD: 39.21%
• 6M: 37.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQXL vs. SBU - Yearly Performance Comparison

	2026 (YTD)	2025
QQXL ProShares Ultra QQQ Top 30	29.93%	-0.19%
SBU Leverage Shares 2X Long SBUX Daily ETF	39.21%	-6.03%

Correlation

The correlation between QQXL and SBU is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.24

Return for Risk

QQXL vs. SBU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and Leverage Shares 2X Long SBUX Daily ETF (SBU). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

QQXL vs. SBU - Drawdown Comparison

The maximum QQXL drawdown since its inception was -27.34%, roughly equal to the maximum SBU drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for QQXL and SBU.

Drawdown Indicators

	QQXL	SBU	Difference
Max Drawdown Largest peak-to-trough decline	-27.34%	-28.10%	+0.76%
Current Drawdown Current decline from peak	-10.07%	-8.50%	-1.57%
Average Drawdown Average peak-to-trough decline	-6.81%	-7.39%	+0.58%

Volatility

Volatility by Period

	QQXL	SBU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	40.52%	59.15%	-18.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.52%	59.15%	-18.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.52%	59.15%	-18.63%

QQXL vs. SBU - Expense Ratio Comparison

QQXL has a 0.95% expense ratio, which is higher than SBU's 0.75% expense ratio.

Dividends

QQXL vs. SBU - Dividend Comparison

QQXL's dividend yield for the trailing twelve months is around 0.78%, while SBU has not paid dividends to shareholders.

Position	TTM	2025
QQXL ProShares Ultra QQQ Top 30	0.78%	0.08%
SBU Leverage Shares 2X Long SBUX Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQXL and SBU in my portfolio?

QQXL and SBU have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQXL or SBU?

On fees, SBU is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQXL or SBU?

SBU is cheaper with a 0.75% expense ratio, compared with 0.95% for QQXL.

Which ETF pays a higher dividend yield, QQXL or SBU?

QQXL has the higher dividend yield at 0.78%, compared with 0.00% for SBU.

What is the main difference between QQXL and SBU?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for QQXL and 0.75% for SBU.