EURL vs QQQ
EURL vs QQQ
Direxion Daily FTSE Europe Bull 3X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. EURL delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | EURL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.18% | |
| AUM | $51M | $455.8B | |
| Dividend Yield | 1.59% | 0.41% | |
| Holdings | 9 | 108 | |
| YTD Return | +23.18% | +18.20% | |
| 1Y Return | +57.43% | +27.63% | |
| 3Y Return (annualized) | +36.09% | +25.54% | |
| 5Y Return (annualized) | +8.24% | +15.12% | |
| Volatility (annualized) | 49.6% | 30.6% | |
| Max Drawdown | -85.2% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 22, 2014 | Mar 10, 1999 |
EURL vs QQQ Performance
Direxion Daily FTSE Europe Bull 3X ETF (EURL) 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 EURL returned +57.43% while QQQ returned +27.63%. Year to date, EURL is up 23.18% versus a gain of 18.20% for QQQ.
Over three years, EURL compounded at +36.09% per year against +25.54% for QQQ; over five years the annualized figures are +8.24% and +15.12% respectively. Across the full 13-year window we track, QQQ has the edge at +13.11% annualized vs +2.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EURL has been the more volatile fund, with annualized monthly volatility of 49.6% 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 -85.2% for EURL 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EURL charges 1.04% per year while QQQ charges 0.18%. On a $10,000 position that is $104 vs $18 annually, a gap of $86 per year that compounds over a long holding period. On income, EURL currently yields 1.59% against 0.41% for QQQ.
Holdings Overlap
EURL 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, EURL or QQQ?
EURL has an expense ratio of 1.04% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, EURL or QQQ?
Over the past year EURL returned +57.43% vs +27.63% for QQQ, so EURL leads on 1-year performance. Over the longest common window we track (13 years), EURL annualized +2.94% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, EURL or QQQ?
EURL has been the more volatile fund at 49.6% annualized versus 30.6% for QQQ. Worst drawdown: EURL -85.2% vs QQQ -83.0%.
Should I hold both EURL and QQQ?
EURL and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EURL and QQQ?
EURL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, EURL or QQQ?
EURL yields 1.59% while QQQ yields 0.41%, so EURL currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.