DPST vs QQQ
Direxion Daily Regional Banks Bull 3X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. DPST delivered stronger 1-year returns. DPST offers more diversification with 161 holdings.
Side-by-Side Comparison
| Metric | DPST | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.92% | 0.18% | |
| AUM | $439M | $455.8B | |
| Dividend Yield | 1.55% | 0.41% | |
| Holdings | 161 | 108 | |
| YTD Return | +51.86% | +19.68% | |
| 1Y Return | +60.28% | +26.75% | |
| 3Y Return (annualized) | +28.20% | +26.25% | |
| 5Y Return (annualized) | -16.59% | +15.39% | |
| Volatility (annualized) | 82.3% | 30.6% | |
| Max Drawdown | -97.8% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 19, 2015 | Mar 10, 1999 |
DPST vs QQQ Performance
Direxion Daily Regional Banks Bull 3X ETF (DPST) 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 DPST returned +60.28% while QQQ returned +26.75%. Year to date, DPST is up 51.86% versus a gain of 19.68% for QQQ.
Over three years, DPST compounded at +28.20% per year against +26.25% for QQQ; over five years the annualized figures are -16.59% and +15.39% respectively. Across the full 11-year window we track, QQQ has the edge at +13.15% annualized vs -12.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DPST has been the more volatile fund, with annualized monthly volatility of 82.3% 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 -97.8% for DPST 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DPST charges 0.92% per year while QQQ charges 0.18%. On a $10,000 position that is $92 vs $18 annually, a gap of $74 per year that compounds over a long holding period. On income, DPST currently yields 1.55% against 0.41% for QQQ.
Holdings Overlap
DPST and QQQ share 0 holdings out of 268 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, DPST or QQQ?
DPST has an expense ratio of 0.92% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, DPST or QQQ?
Over the past year DPST returned +60.28% vs +26.75% for QQQ, so DPST leads on 1-year performance. Over the longest common window we track (11 years), DPST annualized -12.78% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, DPST or QQQ?
DPST has been the more volatile fund at 82.3% annualized versus 30.6% for QQQ. Worst drawdown: DPST -97.8% vs QQQ -83.0%.
Should I hold both DPST and QQQ?
DPST and QQQ have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DPST and QQQ?
DPST and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 268 unique securities.
Which pays a higher dividend, DPST or QQQ?
DPST yields 1.55% while QQQ yields 0.41%, so DPST currently pays the higher dividend yield.
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