BOEU vs QQQ
Direxion Daily BA Bull 2X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | BOEU | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.18% | |
| AUM | $22M | $496.3B | |
| Dividend Yield | 1.72% | 0.44% | |
| Holdings | 10 | 108 | |
| YTD Return | -21.76% | +16.23% | |
| 1Y Return | -26.87% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 58.9% | 30.6% | |
| Max Drawdown | -46.0% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 23, 2025 | Mar 10, 1999 |
BOEU vs QQQ Performance
Direxion Daily BA Bull 2X ETF (BOEU) is a ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BOEU returned -26.87% while QQQ returned +26.23%. Year to date, BOEU is down 21.76% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
BOEU has been the more volatile fund, with annualized monthly volatility of 58.9% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.0% for BOEU and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BOEU charges 1.06% per year while QQQ charges 0.18%. On a $10,000 position that is $106 vs $18 annually, a gap of $88 per year that compounds over a long holding period. On income, BOEU currently yields 1.72% against 0.44% for QQQ.
Holdings Overlap
BOEU and QQQ share 0 holdings out of 107 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BOEU or QQQ?
BOEU has an expense ratio of 1.06% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, BOEU or QQQ?
Over the past year BOEU returned -26.87% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), BOEU annualized +13.35% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, BOEU or QQQ?
BOEU has been the more volatile fund at 58.9% annualized versus 30.6% for QQQ. Worst drawdown: BOEU -46.0% vs QQQ -83.0%.
Should I hold both BOEU and QQQ?
BOEU and QQQ have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BOEU and QQQ?
BOEU and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, BOEU or QQQ?
BOEU yields 1.72% while QQQ yields 0.44%, so BOEU currently pays the higher dividend yield.
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