TPOR vs. QQQE

Last updated Aug 2, 2026

TPOR (Direxion Daily Transportation Bull 3X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - TPOR is a Leveraged Equities fund tracking the Dow Jones Transportation Average Index (300%), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 5 years, TPOR returned 1.96%/yr vs 8.11%/yr for QQQE. Their 0.66 correlation means they have sometimes moved together and sometimes differently. TPOR charges 1.01%/yr vs 0.35%/yr for QQQE.

Performance

TPOR vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Transportation Bull 3X Shares (TPOR) 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, TPOR achieves a 30.85% return, which is significantly higher than QQQE's 14.79% return.

TPOR

• 1D: -0.03%
• 1M: -11.11%
• 6M: 22.45%
• YTD: 30.85%
• 1Y: 71.71%
• 3Y*: 4.30%
• 5Y*: 1.96%
• 10Y*: —
• ALL TIME*: 6.83%

QQQE

• 1D: 0.29%
• 1M: -2.56%
• 6M: 13.07%
• YTD: 14.79%
• 1Y: 21.68%
• 3Y*: 14.21%
• 5Y*: 8.11%
• 10Y*: 14.70%
• ALL TIME*: 14.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	$22.33M	$22.31M	$23.91M
TPOR Direxion Daily Transportation Bull 3X Shares	$962.17K	$1.03M	$940.74K

TPOR vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPOR Direxion Daily Transportation Bull 3X Shares	30.85%	3.26%	-9.12%	54.60%	-58.70%	105.18%	-7.30%	47.92%	-44.95%	51.65%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	14.79%	14.58%	6.98%	33.76%	-24.47%	17.93%	37.85%	36.43%	-5.40%	10.49%

Correlation

The correlation between TPOR and QQQE is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (All Time) Calculated using the full available price history since May 3, 2017	0.66

The correlation between TPOR and QQQE shifts across timeframes, from 0.55 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.

TPOR vs. QQQE - Sectors Allocation Comparison

Sectors	TPOR	QQQE
Industrials	84.9%	10.8%
Technology	15.1%	44.3%
Basic Materials	-	1.0%
Communication Services	-	9.6%
Consumer Cyclical	-	10.9%
Consumer Defensive	-	8.0%
Energy	-	1.8%
Financial Services	-	1.0%
Healthcare	-	8.8%
Real Estate	-	0.7%
Utilities	-	3.9%

Return for Risk

TPOR vs. QQQE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TPOR

TPOR Risk / Return Rank: 46
TPOR Sharpe Ratio Rank: 42
TPOR Sortino Ratio Rank: 45
TPOR Omega Ratio Rank: 44
TPOR Calmar Ratio Rank: 50
TPOR Martin Ratio Rank: 49

QQQE

QQQE Risk / Return Rank: 53
QQQE Sharpe Ratio Rank: 52
QQQE Sortino Ratio Rank: 50
QQQE Omega Ratio Rank: 48
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TPOR vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) 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.

	TPOR	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.25	-0.21
Sortino ratio: Return per unit of downside risk	1.65	1.77	-0.13
Omega ratio: Gain probability vs. loss probability	1.20	1.22	-0.02
Calmar ratio: Return relative to maximum drawdown	1.81	2.11	-0.30
Martin ratio: Return relative to average drawdown	5.57	6.75	-1.18

TPOR vs. QQQE - Sharpe Ratio Comparison

The current TPOR Sharpe Ratio is 1.04, which is comparable to the QQQE Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of TPOR and QQQE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPOR vs. QQQE - Drawdown Comparison

The maximum TPOR drawdown since its inception was -87.59%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for TPOR and QQQE.

Drawdown Indicators

	TPOR	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-87.59%	-32.14%	-55.45%
Max Drawdown (1Y) Largest decline over 1 year	-34.00%	-9.41%	-24.59%
Max Drawdown (3Y) Largest decline over 3 years	-64.11%	-21.38%	-42.73%
Max Drawdown (5Y) Largest decline over 5 years	-74.08%	-32.14%	-41.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.14%	—
Current Drawdown Current decline from peak	-30.25%	-4.46%	-25.79%
Average Drawdown Average peak-to-trough decline	-38.45%	-5.14%	-33.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.04%	2.94%	+8.10%

Volatility

TPOR vs. QQQE - Volatility Comparison

Direxion Daily Transportation Bull 3X Shares (TPOR) has a higher volatility of 13.31% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.68%. This indicates that TPOR's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPOR	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.31%	3.68%	+9.63%
Volatility (6M) Calculated over the trailing 6-month period	46.89%	12.96%	+33.93%
Volatility (1Y) Calculated over the trailing 1-year period	59.38%	16.02%	+43.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.86%	20.58%	+47.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.74%	20.76%	+49.98%

TPOR vs. QQQE - Expense Ratio Comparison

TPOR has a 1.01% expense ratio, which is higher than QQQE's 0.35% expense ratio.

Dividends

TPOR vs. QQQE - Dividend Comparison

TPOR's dividend yield for the trailing twelve months is around 0.57%, less than QQQE's 0.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.58%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%
TPOR Direxion Daily Transportation Bull 3X Shares	0.57%	0.91%	1.43%	1.51%	0.00%	0.00%	0.10%	0.96%	1.22%	8.70%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TPOR and QQQE in my portfolio?

TPOR and QQQE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPOR or QQQE?

TPOR has higher volatility (13.31%) compared to QQQE (3.68%). In terms of maximum drawdown, TPOR dropped -87.59% vs QQQE's -32.14%.

Which ETF is better, TPOR or QQQE?

On 5-year performance, QQQE leads with 8.11% vs 1.96% for TPOR. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TPOR or QQQE?

Over the 5-year period, QQQE has performed better with a 8.11% return vs 1.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TPOR or QQQE?

QQQE is cheaper with a 0.35% expense ratio, compared with 1.01% for TPOR.

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

TPOR and QQQE have nearly identical dividend yields, around 0.57%.

What is the main difference between TPOR and QQQE?

TPOR is categorized as Leveraged Equities, while QQQE is Nasdaq-100. TPOR tracks Dow Jones Transportation Average Index (300%), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.01% for TPOR and 0.35% for QQQE.

Which has better risk-adjusted returns?

QQQE currently has the higher Sharpe Ratio (1.25 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.