UNHU vs. QQQE

Last updated Jun 25, 2026

UNHU (Direxion Daily UNH Bull 2X ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - UNHU is a Leveraged Equities fund actively managed by Direxion, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. UNHU is actively managed, while QQQE is passively managed. At a 0.08 correlation, their price movements are largely independent. UNHU charges 0.97%/yr vs 0.35%/yr for QQQE.

Performance

UNHU vs. QQQE - Performance Comparison

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

Returns By Period

UNHU

• 1D: -1.75%
• 1M: 8.26%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQE

• 1D: -0.05%
• 1M: 1.92%
• YTD: 16.37%
• 6M: 14.73%
• 1Y: 22.98%
• 3Y*: 17.59%
• 5Y*: 9.05%
• 10Y*: 15.78%

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

UNHU vs. QQQE - Yearly Performance Comparison

	2026 (YTD)
UNHU Direxion Daily UNH Bull 2X ETF	117.56%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	20.30%

Correlation

The correlation between UNHU and QQQE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	0.08

Return for Risk

UNHU vs. QQQE — Risk / Return Rank

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

UNHU

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

QQQE

QQQE Risk / Return Rank: 49
QQQE Sharpe Ratio Rank: 47
QQQE Sortino Ratio Rank: 45
QQQE Omega Ratio Rank: 44
QQQE Calmar Ratio Rank: 56
QQQE Martin Ratio Rank: 52

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.

UNHU vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily UNH Bull 2X ETF (UNHU) 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.

	UNHU	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.48	—
Sortino ratio: Return per unit of downside risk	—	2.05	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.45	—
Martin ratio: Return relative to average drawdown	—	8.22	—

Drawdowns

UNHU vs. QQQE - Drawdown Comparison

The maximum UNHU drawdown since its inception was -11.68%, smaller than the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for UNHU and QQQE.

Drawdown Indicators

	UNHU	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-11.68%	-32.14%	+20.46%
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	-3.60%	-3.14%	-0.46%
Average Drawdown Average peak-to-trough decline	-2.80%	-5.15%	+2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.80%	—

Volatility

Volatility by Period

	UNHU	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.96%	15.65%	+48.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.96%	20.54%	+43.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.96%	20.79%	+43.17%

UNHU vs. QQQE - Expense Ratio Comparison

UNHU has a 0.97% expense ratio, which is higher than QQQE's 0.35% expense ratio.

Dividends

UNHU vs. QQQE - Dividend Comparison

UNHU has not paid dividends to shareholders, while QQQE's dividend yield for the trailing twelve months is around 0.57%.

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%
UNHU Direxion Daily UNH Bull 2X ETF	0.00%	0.00%	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 UNHU and QQQE in my portfolio?

UNHU and QQQE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UNHU 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, UNHU or QQQE?

QQQE is cheaper with a 0.35% expense ratio, compared with 0.97% for UNHU.

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

QQQE has the higher dividend yield at 0.57%, compared with 0.00% for UNHU.

What is the main difference between UNHU and QQQE?

UNHU is categorized as Leveraged Equities, while QQQE is Nasdaq-100. Their fees differ too: 0.97% for UNHU and 0.35% for QQQE.