{"url":"https://etfiq.com/compare/leverage/qcml-vs-qcmu","section":"compare","title":"QCML vs QCMU: which held to its multiple? | ETFIQ","description":"QCML sets out to return +2 times QCOM each day and QCMU +2 times. Over the three months to Sep 30, 2026 they finished \u22128.5 pts and \u22127.9 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, QCML or QCMU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, QCML finished 8.5 points from what its multiple implies and QCMU finished 7.9 points from its own, so QCMU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are QCML and QCMU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on QUALCOMM, QCML at +2 times and QCMU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, QCML or QCMU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window QCML\u2019s moved at 47% annualized and QCMU\u2019s at 47%, so QCML has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold QCML or QCMU for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, QCML or QCMU?","acceptedAnswer":{"@type":"Answer","text":"QCML charges 1.50% a year and QCMU charges 1.07%, so QCMU is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"QCML vs QCMU","item":"https://etfiq.com/compare/leverage/qcml-vs-qcmu"}]},{"@type":"WebPage","name":"QCML vs QCMU: which held to its multiple?","description":"QCML sets out to return +2 times QCOM each day and QCMU +2 times. Over the three months to Sep 30, 2026 they finished \u22128.5 pts and \u22127.9 pts away.","url":"https://etfiq.com/compare/leverage/qcml-vs-qcmu","dateModified":"2026-09-30","abstract":"Over the days both have traded, QCML finished 8.5 points from its stated multiple and QCMU 7.9.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of QCML and QCMU","description":"QCML sets out to return +2 times QCOM each day and QCMU +2 times. Over the three months to Sep 30, 2026 they finished \u22128.5 pts and \u22127.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/qcml-vs-qcmu","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6439,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / QCML vs QCMU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n QCML vs QCMU: which held to its multiple?\n\n Over the days both have traded, QCML finished 8.5 points from its stated multiple and QCMU 7.9.\n Copy this for sharing \n \n GraniteShares 2x Long QCOM Daily ETF and Direxion Daily QCOM Bull 2X ETF.\n\n Download as PDF \n\n \u22125.1% QCML returned, 3 months \n \u22124.5% QCMU returned, 3 months \n \u22128.5 pts QCML from its stated multiple \n \u22127.9 pts QCMU from its stated multiple \n\n ETFIQ Decay Resistance Score: QCMU scores higher\n Did it keep up w","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/qcml-vs-qcmu","a":{"ticker":"QCML","name":"GraniteShares 2x Long QCOM Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: QCML returned \u22125.1% where its own daily promise gave \u22122.1%, 3.0 points short.","url":"https://etfiq.com/funds/qcml","key_facts":[{"label":"What QCOM did","value":"+1.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22122.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22125.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$57m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"QCMU","name":"Direxion Daily QCOM Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: QCMU returned \u22124.5% where its own daily promise gave \u22122.1%, 2.4 points short.","url":"https://etfiq.com/funds/qcmu","key_facts":[{"label":"What QCOM did","value":"+1.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22122.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22124.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$24m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.07%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/qcml-vs-qcmu"}