AAOX vs. QQQP

Last updated Jun 24, 2026

AAOX (Tradr 2X Long AAOI Daily ETF) and QQQP (Tradr 2X Long Triple Q Quarterly ETF) are both Leveraged Equities funds from Tradr. AAOX is passively managed, while QQQP is actively managed. At a 0.38 correlation, their price movements are largely independent. AAOX charges 1.49%/yr vs 1.30%/yr for QQQP.

Performance

AAOX vs. QQQP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long AAOI Daily ETF (AAOX) and Tradr 2X Long Triple Q Quarterly ETF (QQQP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAOX

• 1D: -27.29%
• 1M: -46.09%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQP

• 1D: -5.26%
• 1M: -1.02%
• YTD: 26.65%
• 6M: 23.33%
• 1Y: 61.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAOX vs. QQQP - Yearly Performance Comparison

	2026 (YTD)
AAOX Tradr 2X Long AAOI Daily ETF	26.50%
QQQP Tradr 2X Long Triple Q Quarterly ETF	39.94%

Correlation

The correlation between AAOX and QQQP is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	0.38

Return for Risk

AAOX vs. QQQP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAOX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQP

QQQP Risk / Return Rank: 53
QQQP Sharpe Ratio Rank: 58
QQQP Sortino Ratio Rank: 50
QQQP Omega Ratio Rank: 50
QQQP Calmar Ratio Rank: 53
QQQP Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAOX vs. QQQP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long AAOI Daily ETF (AAOX) and Tradr 2X Long Triple Q Quarterly ETF (QQQP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAOX	QQQP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.78	—
Sortino ratio: Return per unit of downside risk	—	2.28	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.43	—
Martin ratio: Return relative to average drawdown	—	8.72	—

Drawdowns

AAOX vs. QQQP - Drawdown Comparison

The maximum AAOX drawdown since its inception was -66.13%, which is greater than QQQP's maximum drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for AAOX and QQQP.

Drawdown Indicators

	AAOX	QQQP	Difference
Max Drawdown Largest peak-to-trough decline	-66.13%	-42.50%	-23.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.35%	—
Current Drawdown Current decline from peak	-66.13%	-7.10%	-59.03%
Average Drawdown Average peak-to-trough decline	-26.70%	-7.26%	-19.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.05%	—

Volatility

Volatility by Period

	AAOX	QQQP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	303.92%	34.61%	+269.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	303.92%	44.42%	+259.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	303.92%	44.42%	+259.50%

AAOX vs. QQQP - Expense Ratio Comparison

AAOX has a 1.49% expense ratio, which is higher than QQQP's 1.30% expense ratio.

Dividends

AAOX vs. QQQP - Dividend Comparison

Neither AAOX nor QQQP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AAOX and QQQP in my portfolio?

AAOX and QQQP have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAOX or QQQP?

On fees, QQQP is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAOX or QQQP?

QQQP is cheaper with a 1.30% expense ratio, compared with 1.49% for AAOX.

Which ETF pays a higher dividend yield, AAOX or QQQP?

AAOX and QQQP have nearly identical dividend yields, around 0.00%.

What is the main difference between AAOX and QQQP?

Their fees differ too: 1.49% for AAOX and 1.30% for QQQP.