URAA vs. QQQE

Last updated Jun 5, 2026

URAA (Direxion Daily Uranium Industry Bull 2X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - URAA is a Leveraged Equities fund tracking the Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past year, URAA returned 69.53% vs 28.07% for QQQE. At a 0.48 correlation, their price movements are largely independent. URAA charges 1.28%/yr vs 0.35%/yr for QQQE.

Performance

URAA vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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, URAA achieves a 10.16% return, which is significantly lower than QQQE's 18.85% return.

URAA

• 1D: -1.33%
• 1M: -16.02%
• YTD: 10.16%
• 6M: -9.50%
• 1Y: 69.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQE

• 1D: -0.22%
• 1M: 9.15%
• YTD: 18.85%
• 6M: 17.59%
• 1Y: 28.07%
• 3Y*: 18.58%
• 5Y*: 10.25%
• 10Y*: 15.43%

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

URAA vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAA Direxion Daily Uranium Industry Bull 2X Shares	10.16%	88.33%	-26.53%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	18.85%	14.58%	1.66%

Correlation

The correlation between URAA and QQQE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.48

URAA vs. QQQE - Sectors Allocation Comparison

Sectors	URAA	QQQE
Energy	63.0%	2.0%
Industrials	17.2%	10.1%
Utilities	16.2%	3.9%
Basic Materials	2.6%	0.9%
Technology	0.9%	45.1%
Communication Services	-	9.1%
Consumer Cyclical	-	10.9%
Consumer Defensive	-	7.7%
Financial Services	-	1.0%
Healthcare	-	8.6%
Real Estate	-	0.7%

Return for Risk

URAA vs. QQQE — Risk / Return Rank

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

URAA

URAA Risk / Return Rank: 26
URAA Sharpe Ratio Rank: 23
URAA Sortino Ratio Rank: 29
URAA Omega Ratio Rank: 27
URAA Calmar Ratio Rank: 29
URAA Martin Ratio Rank: 22

QQQE

QQQE Risk / Return Rank: 59
QQQE Sharpe Ratio Rank: 60
QQQE Sortino Ratio Rank: 59
QQQE Omega Ratio Rank: 56
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 59

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.

URAA vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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.

	URAA	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	0.74	2.00	-1.25
Sortino ratio: Return per unit of downside risk	1.57	2.74	-1.17
Omega ratio: Gain probability vs. loss probability	1.18	1.34	-0.16
Calmar ratio: Return relative to maximum drawdown	1.40	3.00	-1.60
Martin ratio: Return relative to average drawdown	2.57	10.34	-7.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URAA vs. QQQE - Sharpe Ratio Comparison

The current URAA Sharpe Ratio is 0.74, which is lower than the QQQE Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of URAA 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.

Sharpe Ratios by Period

	URAA	QQQE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	2.00	-1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.76	-0.49

Drawdowns

URAA vs. QQQE - Drawdown Comparison

The maximum URAA drawdown since its inception was -67.45%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for URAA and QQQE.

Drawdown Indicators

	URAA	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-67.45%	-32.14%	-35.31%
Max Drawdown (1Y) Largest decline over 1 year	-49.91%	-9.41%	-40.50%
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	-44.53%	-0.32%	-44.21%
Average Drawdown Average peak-to-trough decline	-27.30%	-5.17%	-22.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.19%	2.72%	+24.47%

Volatility

URAA vs. QQQE - Volatility Comparison

Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a higher volatility of 28.36% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.82%. This indicates that URAA'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

	URAA	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.36%	3.82%	+24.54%
Volatility (6M) Calculated over the trailing 6-month period	72.56%	10.61%	+61.95%
Volatility (1Y) Calculated over the trailing 1-year period	94.12%	14.13%	+79.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.87%	20.29%	+68.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.87%	20.72%	+68.15%

URAA vs. QQQE - Expense Ratio Comparison

URAA has a 1.28% expense ratio, which is higher than QQQE's 0.35% expense ratio.

Dividends

URAA vs. QQQE - Dividend Comparison

URAA's dividend yield for the trailing twelve months is around 9.24%, more than QQQE's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.52%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%
URAA Direxion Daily Uranium Industry Bull 2X Shares	9.24%	9.14%	4.36%	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 URAA and QQQE in my portfolio?

URAA and QQQE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URAA or QQQE?

URAA has higher volatility (28.36%) compared to QQQE (3.82%). In terms of maximum drawdown, URAA dropped -67.45% vs QQQE's -32.14%.

Which ETF is better, URAA or QQQE?

On 1-year performance, URAA leads with 69.53% vs 28.07% for QQQE. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URAA or QQQE?

Over the 1-year period, URAA has performed better with a 69.53% return vs 28.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URAA or QQQE?

QQQE is cheaper with a 0.35% expense ratio, compared with 1.28% for URAA.

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

URAA has the higher dividend yield at 9.24%, compared with 0.52% for QQQE.

What is the main difference between URAA and QQQE?

URAA is categorized as Leveraged Equities, while QQQE is Nasdaq-100. URAA tracks Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.28% for URAA and 0.35% for QQQE.

Which has better risk-adjusted returns?

QQQE currently has the higher Sharpe Ratio (2.00 vs 0.74), 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.