QQXL vs. TSYX

Last updated Jun 5, 2026

QQXL (ProShares Ultra QQQ Top 30) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. QQXL charges 0.95%/yr vs 0.98%/yr for TSYX.

Performance

QQXL vs. TSYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra QQQ Top 30 (QQXL) and TSPY Lift ETF (TSYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQXL

• 1D: -1.36%
• 1M: 16.51%
• YTD: 41.81%
• 6M: 39.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSYX

• 1D: -0.23%
• 1M: 5.90%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQXL vs. TSYX - Yearly Performance Comparison

	2026 (YTD)
QQXL ProShares Ultra QQQ Top 30	38.45%
TSYX TSPY Lift ETF	8.45%

Correlation

The correlation between QQXL and TSYX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.92

Return for Risk

QQXL vs. TSYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and TSPY Lift ETF (TSYX). 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.

Sharpe Ratios by Period

	QQXL	TSYX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.95	1.23	+0.72

Drawdowns

QQXL vs. TSYX - Drawdown Comparison

The maximum QQXL drawdown since its inception was -27.34%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for QQXL and TSYX.

Drawdown Indicators

	QQXL	TSYX	Difference
Max Drawdown Largest peak-to-trough decline	-27.34%	-13.39%	-13.95%
Current Drawdown Current decline from peak	-1.84%	-0.39%	-1.45%
Average Drawdown Average peak-to-trough decline	-6.74%	-2.95%	-3.79%

Volatility

Volatility by Period

	QQXL	TSYX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	36.93%	18.13%	+18.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.93%	18.13%	+18.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.93%	18.13%	+18.80%

QQXL vs. TSYX - Expense Ratio Comparison

QQXL has a 0.95% expense ratio, which is lower than TSYX's 0.98% expense ratio.

Dividends

QQXL vs. TSYX - Dividend Comparison

QQXL's dividend yield for the trailing twelve months is around 0.45%, less than TSYX's 6.19% yield.

Position	TTM	2025
QQXL ProShares Ultra QQQ Top 30	0.45%	0.08%
TSYX TSPY Lift ETF	6.19%	0.00%

Frequently Asked Questions

Can I hold both QQXL and TSYX in my portfolio?

With a correlation of 0.92, QQXL and TSYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QQXL or TSYX?

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.

Which ETF is cheaper, QQXL or TSYX?

QQXL is cheaper with a 0.95% expense ratio, compared with 0.98% for TSYX.

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

TSYX has the higher dividend yield at 6.19%, compared with 0.45% for QQXL.

What is the main difference between QQXL and TSYX?

They also come from different issuers: ProShares and TappAlpha. Their fees differ too: 0.95% for QQXL and 0.98% for TSYX.