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DPST vs TQQQ

Direxion Daily Regional Banks Bull 3X ETF

DPSTBNYSE Arca

ProShares UltraPro QQQ

TQQQANasdaq

Overlap

Expense ratio

TQQQ −0.14pt a year

DPST0.92%TQQQ0.78%

Avg volume · 30D

TQQQ 240.9×the volume

DPST238KTQQQ57.2M

10Y return · a year

TQQQ +53.4pt

DPST−14.2%TQQQ+39.2%

DPST vs TQQQ Performance

Nov 4, 2021 – Nov 4, 2026

−74.9%DPST+50.5%TQQQ

Nov 4, 2021 to Nov 4, 2026. DPST −74.9%. TQQQ +50.5%. Use the arrow keys to read each point.−100%−50%0%100%Nov 2021May 2024Nov 2026
Expense ratio
DPST 0.92%
TQQQ 0.78%, better
Fund size
DPST $310M
TQQQ $33.2B
1Y total return
DPST +64.2%, better
TQQQ +12.9%
Yield (12M)
DPST 1.61%, better
TQQQ 0.78%
Holdings
DPST 178
TQQQ 115
Avg volume (30D)
DPST 238K sh
TQQQ 57.2M sh, better
NAV per share
DPST $120.31
TQQQ $62.19
52W range

ETF.net Grade

DPST: Cost 83, Risk 45, Mission not scored, Tradability 70, Holdings not scored, Durability 55. TQQQ: Cost 97, Risk 59, Mission 84, Tradability 97, Holdings not scored, Durability 79.
Pillar letters and Scores for DPST, TQQQ, with each pillar’s weight
PillarDPSTTQQQ
Cost30% weightA83A97Higher
Mission25% weightNot scoredA84
Risk15% weightC45B59Higher
Tradability15% weightA70A97Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB55A79Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DPST and TQQQ are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

TQQQ ranks 1st and DPST 7th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AFASDirexion Daily Financial Bull 3X ETFScore 80
  3. Rank 7ACUREDirexion Daily Healthcare Bull 3X ETFScore 69
  4. Rank 7BDPSTDirexion Daily Regional Banks Bull 3X ETFScore 69
  5. Rank 9BURTYProShares UltraPro Russell2000Score 63

Our read on each fund

ETF.net Research

DPSTBDirexion Daily Regional Banks Bull 3X ETF

TQQQAProShares UltraPro QQQ

In short

DPST Most leveraged financial funds hand you the megabanks. DPST goes narrow: 3x the daily move of an index of roughly 150 regional lenders. A single-purpose amplifier on one of the market's most headline-prone groups.

TQQQ The original 3x Nasdaq-100 trade, live since 2010. Leverage resets every day, chasing three times the index's one-day move, and it is one of the most heavily traded names in its corner of the market.

Stated mandate

DPST The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the S&P Regional Banks Select Industry Index.

TQQQ The fund seeks daily investment results, before fees and expenses, equal to three times the daily performance of the Nasdaq-100 Index.

Why people hold it

  • DPST At 0.92% a year it undercuts the typical leveraged fund's fee, and it matches what Direxion charges on its broader financials 3x fund (FAS). No premium for the narrower target.
  • Regional banks trade on their own drivers: deposits, the rate curve, commercial property loans. This is a clean 3x handle on that theme rather than the whole financial sector.
  • The mandate is spelled out, not discretionary: 300% of the S&P Regional Banks Select Industry Index's daily move, before fees and expenses. No stock picking, no manager calls.
  • Running since 2015 across roughly 150 banks, it is one of the better-priced, better-traded builds in the leveraged bull group.
  • TQQQ Costs 0.78% net of a waiver through September 30, 2027 (0.94% gross), below the median fee for 3x bull funds and below stablemate UDOW at 0.94% with no waiver.
  • A multi-billion-dollar fund and one of the busiest tickers in the leveraged space, which matters when a daily-reset position needs to be entered or exited quickly.
  • Delivers its stated 3x daily target with close day-to-day fidelity, one of the stronger implementations among 3x bull funds.proshares.com
  • Straightforward plumbing: it rebalances exposure to the Nasdaq-100 each day, raising it as the index rises and cutting it as the index falls.sec.gov

Worth knowing

  • DPST The 3x target resets every day. Over longer holds, especially choppy ones, compounding can pull results well away from 3x the index's move for the whole period.
  • Leverage cuts both ways, and one industry is one storyline: a rate or credit shock tends to hit every regional bank in the basket at once, tripled.
  • Volume is solid but not blue-chip, so spreads can widen when banking headlines hit. Any income arrives quarterly and is incidental to the strategy.
  • TQQQ The prospectus is blunt: this seeks results for a single day only. Hold longer and compounding takes over, so multi-day results can land far from 3x the index move, especially in choppy tape.sec.gov
  • Triple exposure cuts both ways. A rough day for the Nasdaq-100 hits roughly three times as hard here, which is why this scores as one of the riskier structures on our books.
  • The fee break is contractual, not permanent. Should the waiver lapse after September 30, 2027, the cost reverts toward the 0.94% gross rate.

Full DPST profile⁠

Full TQQQ profile⁠

DPST vs TQQQ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DPST vs TQQQ Cost

Overpaying DPST vs TQQQ

$2,371

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DPST 0.92%

    $17,373

  • TQQQ 0.78%

    $15,002

$10,000
30 years

Cost over time

  • DPST 0.92%
  • TQQQ 0.78%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DPST $17,373TQQQ $15,002

Year by year

YearDPSTTQQQOverpaying
10$1,627$1,388$239
20$6,138$5,268$870
30$17,373$15,002$2,371

Expense ratio

  • 0.92%DPST
  • 0.78%TQQQ, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

TQQQ 2nd cheapest of 30 funds

DPST 6th cheapest of 30 funds

DPST vs TQQQ Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
DPST 1.61%, better
TQQQ 0.78%
Payout (12M)
DPST $2.10
TQQQ $0.48
Last payment
DPST $0.41
TQQQ $0.16
Ex-dividend
DPST Sep 22, 2026
TQQQ Sep 23, 2026
Paid on
DPST Sep 29, 2026
TQQQ Sep 29, 2026
Frequency
DPST Quarterly
TQQQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DPSTQuarterly · 37 paymentsAll DPST payments⁠
One bar per payment. 37 payments from 2017 to 2026 YTD. Mar 21, 2017 $2.06; Dec 19, 2017 $2.36; Mar 20, 2018 $2.06; Jun 19, 2018 $3.36; Sep 25, 2018 $4.46; Dec 27, 2018 $3.64; Mar 19, 2019 $2.98; Jun 25, 2019 $4.04; Sep 24, 2019 $3.50; Dec 23, 2019 $2.94; Mar 24, 2020 $0.82; Jun 23, 2020 $0.34; Sep 22, 2020 $0.44; Dec 22, 2020 $0.56; Mar 23, 2021 $0.85; Jun 22, 2021 $0.71; Sep 21, 2021 $0.68; Dec 21, 2021 $0.67; Mar 22, 2022 $0.89; Jun 22, 2022 $0.86; Sep 20, 2022 $1.19; Dec 20, 2022 $0.47; Mar 21, 2023 $0.36; Jun 21, 2023 $0.46; Sep 19, 2023 $0.46; Dec 21, 2023 $0.44; Mar 19, 2024 $0.56; Jun 25, 2024 $0.44; Sep 24, 2024 $0.49; Dec 23, 2024 $0.21; Mar 25, 2025 $0.48; Jun 24, 2025 $0.61; Sep 23, 2025 $0.49; Dec 23, 2025 $0.63; Mar 24, 2026 $0.40; Jun 23, 2026 $0.67; Sep 22, 2026 $0.41. Use the arrow keys to read each point.$0$52017202020232026YTD
TQQQQuarterly · 14 paymentsAll TQQQ payments⁠
One bar per payment. 14 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.0051; Mar 20, 2019 $0.0025; Dec 24, 2019 $0.0039; Dec 23, 2020 $0.000035; Dec 22, 2022 $0.05; Jun 26, 2024 $0.14; Dec 23, 2024 $0.14; Mar 26, 2025 $0.10; Jun 25, 2025 $0.11; Sep 24, 2025 $0.05; Dec 24, 2025 $0.09; Mar 25, 2026 $0.07; Jun 24, 2026 $0.17; Sep 23, 2026 $0.16. Use the arrow keys to read each point.$0$52017202020232026YTD

DPST vs TQQQ Risk

Fall from peak · 5 years

  • DPST
  • TQQQ
Nov 4, 2021 to Nov 4, 2026. Worst fall: DPST −94.0% · May 2023. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DPST 75.9%TQQQ 56.9%, better
Return per unit of riskSharpe ratio, 3 years
DPST 0.74TQQQ 0.98, better
Worst fallMax drawdown, 5 years
DPST −94.0%TQQQ −81.7%, better
Market sensitivityBeta, 5 years
DPST 2.81TQQQ 3.74

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