QQXL vs. TSMG
QQXL (ProShares Ultra QQQ Top 30) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. QQXL charges 0.95%/yr vs 0.75%/yr for TSMG.
Performance
QQXL vs. TSMG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QQXL achieves a 41.81% return, which is significantly lower than TSMG's 92.52% return.
QQXL
- 1D
- -1.36%
- 1M
- 16.51%
- YTD
- 41.81%
- 6M
- 39.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMG
- 1D
- 3.47%
- 1M
- 24.82%
- YTD
- 92.52%
- 6M
- 104.85%
- 1Y
- 292.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQXL vs. TSMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 41.81% | 8.66% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 92.52% | 50.23% |
Correlation
The correlation between QQXL and TSMG is 0.63, 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 | 0.63 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQXL vs. TSMG — Risk / Return Rank
QQXL
TSMG
QQXL vs. TSMG - 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 TSM Daily ETF (TSMG). 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.
Loading charts...
Sharpe Ratios by Period
| QQXL | TSMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | 1.76 | +0.19 |
Drawdowns
QQXL vs. TSMG - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for QQXL and TSMG.
Loading charts...
Drawdown Indicators
| QQXL | TSMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -63.67% | +36.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.29% | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.93% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -16.94% | +10.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.79% | — |
Volatility
QQXL vs. TSMG - Volatility Comparison
Loading charts...
Volatility by Period
| QQXL | TSMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 71.76% | -34.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.93% | 80.99% | -44.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 80.99% | -44.06% |
QQXL vs. TSMG - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than TSMG's 0.75% expense ratio.
Dividends
QQXL vs. TSMG - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.45%, less than TSMG's 5.96% yield.
| Position | TTM | 2025 |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 0.08% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 5.96% | 11.48% |
Frequently Asked Questions
QQXL and TSMG have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSMG is cheaper with a 0.75% expense ratio, compared with 0.95% for QQXL.
TSMG has the higher dividend yield at 5.96%, compared with 0.45% for QQXL.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for QQXL and 0.75% for TSMG.
Find the right allocation for QQXL and TSMG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer