APLZ vs. QQQP

Last updated Jun 6, 2026

APLZ (Tradr 2X Short APLD Daily ETF) and QQQP (Tradr 2X Long Triple Q Quarterly ETF) are both exchange-traded funds - APLZ is a Inverse Equities fund tracking the Applied Digital Corporation (APLD), while QQQP is a Leveraged Equities fund actively managed by Tradr. APLZ is passively managed, while QQQP is actively managed. At a correlation of -0.56, they often move in opposite directions. APLZ charges 1.49%/yr vs 1.30%/yr for QQQP.

Performance

APLZ vs. QQQP - Performance Comparison

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

Returns By Period

APLZ

• 1D: 21.29%
• 1M: -13.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQP

• 1D: -7.73%
• 1M: 2.04%
• YTD: 24.17%
• 6M: 19.48%
• 1Y: 61.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APLZ vs. QQQP - Yearly Performance Comparison

	2026 (YTD)
APLZ Tradr 2X Short APLD Daily ETF	-85.33%
QQQP Tradr 2X Long Triple Q Quarterly ETF	22.12%

Correlation

The correlation between APLZ and QQQP is -0.56, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	-0.56

Return for Risk

APLZ vs. QQQP — Risk / Return Rank

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

QQQP

QQQP Risk / Return Rank: 54
QQQP Sharpe Ratio Rank: 59
QQQP Sortino Ratio Rank: 52
QQQP Omega Ratio Rank: 52
QQQP Calmar Ratio Rank: 52
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.

APLZ vs. QQQP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short APLD Daily ETF (APLZ) 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.

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

Sharpe Ratios by Period

	APLZ	QQQP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	0.95	-1.39

Drawdowns

APLZ vs. QQQP - Drawdown Comparison

The maximum APLZ drawdown since its inception was -91.78%, which is greater than QQQP's maximum drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for APLZ and QQQP.

Drawdown Indicators

	APLZ	QQQP	Difference
Max Drawdown Largest peak-to-trough decline	-91.78%	-42.50%	-49.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.35%	—
Current Drawdown Current decline from peak	-87.79%	-8.92%	-78.87%
Average Drawdown Average peak-to-trough decline	-53.63%	-7.32%	-46.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.94%	—

Volatility

Volatility by Period

	APLZ	QQQP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	229.43%	33.03%	+196.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	229.43%	44.14%	+185.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	229.43%	44.14%	+185.29%

APLZ vs. QQQP - Expense Ratio Comparison

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

Dividends

APLZ vs. QQQP - Dividend Comparison

Neither APLZ nor QQQP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APLZ and QQQP in my portfolio?

APLZ and QQQP have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APLZ 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, APLZ or QQQP?

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

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

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

What is the main difference between APLZ and QQQP?

APLZ is categorized as Inverse Equities, while QQQP is Leveraged Equities. Their fees differ too: 1.49% for APLZ and 1.30% for QQQP.