LMTL vs QQQ
Direxion Daily LMT Bull 2X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. LMTL delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | LMTL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.18% | |
| AUM | $7M | $496.3B | |
| Dividend Yield | 3.47% | 0.44% | |
| Holdings | 9 | 108 | |
| YTD Return | +16.53% | +16.64% | |
| 1Y Return | +40.68% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 88.1% | 30.6% | |
| Max Drawdown | -49.3% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 6, 2025 | Mar 10, 1999 |
LMTL vs QQQ Performance
Direxion Daily LMT Bull 2X ETF (LMTL) 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 LMTL returned +40.68% while QQQ returned +27.27%. Year to date, LMTL is up 16.53% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
LMTL has been the more volatile fund, with annualized monthly volatility of 88.1% 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 -49.3% for LMTL 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 -0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LMTL charges 1.07% per year while QQQ charges 0.18%. On a $10,000 position that is $107 vs $18 annually, a gap of $89 per year that compounds over a long holding period. On income, LMTL currently yields 3.47% against 0.44% for QQQ.
Holdings Overlap
LMTL and QQQ share 0 holdings out of 106 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, LMTL or QQQ?
LMTL has an expense ratio of 1.07% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, LMTL or QQQ?
Over the past year LMTL returned +40.68% vs +27.27% for QQQ, so LMTL leads on 1-year performance. Over the longest common window we track (1 years), LMTL annualized +45.39% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, LMTL or QQQ?
LMTL has been the more volatile fund at 88.1% annualized versus 30.6% for QQQ. Worst drawdown: LMTL -49.3% vs QQQ -83.0%.
Should I hold both LMTL and QQQ?
LMTL and QQQ have a monthly-return correlation of -0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LMTL and QQQ?
LMTL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, LMTL or QQQ?
LMTL yields 3.47% while QQQ yields 0.44%, so LMTL currently pays the higher dividend yield.
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