SHPU vs. QQQE

Last updated Jun 26, 2026

SHPU (Direxion Daily SHOP Bull 2X ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - SHPU is a Leveraged Equities fund actively managed by Direxion, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. SHPU is actively managed, while QQQE is passively managed. A 0.56 correlation means they provide meaningful diversification when combined. SHPU charges 1.09%/yr vs 0.35%/yr for QQQE.

Performance

SHPU vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily SHOP Bull 2X ETF (SHPU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHPU achieves a -63.07% return, which is significantly lower than QQQE's 17.16% return.

SHPU

• 1D: -4.90%
• 1M: 8.87%
• YTD: -63.07%
• 6M: -66.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQE

• 1D: 0.68%
• 1M: 1.10%
• YTD: 17.16%
• 6M: 15.52%
• 1Y: 24.45%
• 3Y*: 17.83%
• 5Y*: 9.20%
• 10Y*: 16.24%

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

SHPU vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025
SHPU Direxion Daily SHOP Bull 2X ETF	-63.07%	8.74%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	17.16%	5.18%

Correlation

The correlation between SHPU and QQQE is 0.56, 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 6, 2025	0.56

Return for Risk

SHPU vs. QQQE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHPU

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

QQQE

QQQE Risk / Return Rank: 54
QQQE Sharpe Ratio Rank: 53
QQQE Sortino Ratio Rank: 50
QQQE Omega Ratio Rank: 50
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHPU vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SHOP Bull 2X ETF (SHPU) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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.

	SHPU	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.58	—
Sortino ratio: Return per unit of downside risk	—	2.16	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.61	—
Martin ratio: Return relative to average drawdown	—	8.73	—

Drawdowns

SHPU vs. QQQE - Drawdown Comparison

The maximum SHPU drawdown since its inception was -77.97%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for SHPU and QQQE.

Drawdown Indicators

	SHPU	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-77.97%	-32.14%	-45.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.14%	—
Current Drawdown Current decline from peak	-71.28%	-2.48%	-68.80%
Average Drawdown Average peak-to-trough decline	-38.89%	-5.15%	-33.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.81%	—

Volatility

Volatility by Period

	SHPU	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	109.61%	15.57%	+94.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.61%	20.54%	+89.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.61%	20.79%	+88.82%

SHPU vs. QQQE - Expense Ratio Comparison

SHPU has a 1.09% expense ratio, which is higher than QQQE's 0.35% expense ratio.

Dividends

SHPU vs. QQQE - Dividend Comparison

SHPU's dividend yield for the trailing twelve months is around 56.18%, more than QQQE's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.57%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%
SHPU Direxion Daily SHOP Bull 2X ETF	56.18%	20.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHPU and QQQE in my portfolio?

SHPU and QQQE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHPU or QQQE?

On fees, QQQE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHPU or QQQE?

QQQE is cheaper with a 0.35% expense ratio, compared with 1.09% for SHPU.

Which ETF pays a higher dividend yield, SHPU or QQQE?

SHPU has the higher dividend yield at 56.18%, compared with 0.57% for QQQE.

What is the main difference between SHPU and QQQE?

SHPU is categorized as Leveraged Equities, while QQQE is Nasdaq-100. Their fees differ too: 1.09% for SHPU and 0.35% for QQQE.