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QLD vs QQQU

ProShares Ultra QQQ

QLDANYSE Arca

Direxion Daily Magnificent 7 Bull 2X ETF

QQQUCNYSE Arca

Overlap

Expense ratio

QLD −0.09pt a year

QLD0.89%QQQU0.98%

Avg volume · 30D

QLD 109.8×the volume

QLD4.15MQQQU37.8K

QLD vs QQQU Performance

Oct 31, 2025 – Oct 30, 2026

+10.7%QLD−4.7%QQQU

Oct 31, 2025 to Oct 30, 2026. QLD +10.7%. QQQU −4.7%. Use the arrow keys to read each point.−30%−20%20%30%Oct 2025Apr 2026Oct 2026
Expense ratio
QLD 0.89%, better
QQQU 0.98%
Fund size
QLD $13.3B
QQQU $70M
1Y total return
QLD +10.7%, better
QQQU −4.7%
Yield (12M)
QLD 0.15%
QQQU 9.56%, better
Holdings
QLD 113
QQQU 13
Avg volume (30D)
QLD 4.15M sh, better
QQQU 37.8K sh
NAV per share
QLD $82.56
QQQU $58.23
52W range

ETF.net Grade

QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81. QQQU: Cost 29, Risk 45, Mission not scored, Tradability 55, Holdings not scored, Durability 62.
Pillar letters and Scores for QLD, QQQU, with each pillar’s weight
PillarQLDQQQU
Cost30% weightA72HigherD29
Mission25% weightA95Not scored
Risk15% weightB66HigherC45
Tradability15% weightA100HigherB55
Holdings10% weightA72Not scored
Durability5% weightA81HigherB62

Rank among Leveraged Long (2x & Other) funds

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

Same Category. QLD and QQQU are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and QQQU 36th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 35CGLDWRoundhill Gold WeeklyPay ETFScore 42
  4. Rank 36CQQQUDirexion Daily Magnificent 7 Bull 2X ETFScore 41
  5. Rank 37CCIFCCorgi CIFR 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

QQQUCDirexion Daily Magnificent 7 Bull 2X ETF

In short

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

QQQU Most leveraged funds amplify a whole index. QQQU levers seven names: it targets 200% of the Magnificent 7 basket's daily move, and Direxion runs an inverse sibling on the same index for the other side.

Stated mandate

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

QQQU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of the Indxx Magnificent 7 Index.

Why people hold it

  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.
  • QQQU Targets 200% of the daily move of the Indxx Magnificent 7 Index, a fixed roster of leading Nasdaq-listed mega-caps, not a 100-stock benchmark.direxion.com
  • 0.98% net of a waiver through September 1, 2027 (1.00% gross), near the leveraged-bull median. QLD is cheaper at 0.89% net of a waiver through September 30, 2027.
  • A 2x dose, not 3x, and paired with a -1x twin on the identical index, so long and short views run on the same benchmark.direxion.com
  • Sits in the upper half of a crowded leveraged-bull field, and pays out quarterly.

Worth knowing

  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.
  • QQQU Leverage resets daily. Held longer than a day, results can drift from 2x the index's cumulative move, and choppy markets compound that gap.direxion.com
  • Seven stocks, doubled: one earnings night at a single mega-cap can swing the whole fund.
  • Smaller and more thinly traded than the headline index-based leveraged ETFs, so spreads and order size deserve a look before you click.

Full QLD profile⁠

Full QQQU profile⁠

QLD vs QQQU 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.

QLD vs QQQU Cost

Overpaying QQQU vs QLD

$1,490

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

  • QLD 0.89%

    $16,872

  • QQQU 0.98%

    $18,362

$10,000
30 years

Cost over time

  • QLD 0.89%
  • QQQU 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QQQU $18,362QLD $16,872

Year by year

YearQLDQQQUOverpaying
10$1,576$1,729$153
20$5,953$6,504$551
30$16,872$18,362$1,490

Expense ratio

  • 0.89%QLD, cheaper
  • 0.98%QQQU
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

QQQU 71st cheapest of 95 funds

QLD vs QQQU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QLD 0.15%
QQQU 9.56%, better
Payout (12M)
QLD $0.12
QQQU $5.37
Last payment
QLD $0.03
QQQU $0.02
Ex-dividend
QLD Sep 23, 2026
QQQU Jun 23, 2026
Paid on
QLD Sep 29, 2026
QQQU Jun 30, 2026
Frequency
QLD Quarterly
QQQU Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$52017202020232026YTD
QQQUQuarterly · 10 paymentsAll QQQU payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Jun 25, 2024 $0.07; Sep 24, 2024 $0.09; Dec 12, 2024 $1.09; Dec 23, 2024 $0.03; Mar 25, 2025 $0.05; Jun 24, 2025 $0.05; Dec 10, 2025 $5.31; Dec 23, 2025 $0.0098; Mar 24, 2026 $0.03; Jun 23, 2026 $0.02. Use the arrow keys to read each point.$0$52017202020232026YTD

QLD vs QQQU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QLD 36.7%QQQU 44.5%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
QLD 1.04QQQU 0.89since Apr 2024
Worst fallMax drawdown, 5 years
QLD −63.7%QQQU −53.7%since Mar 2024
Market sensitivityBeta, 5 years
QLD 2.46QQQU 3.09

QLD and QQQU in the news

All news⁠

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