APLZ vs. QQQP
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
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Returns By Period
APLZ
- 1D
- 5.04%
- 1M
- 4.16%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQP
- 1D
- 1.21%
- 1M
- -3.70%
- YTD
- 26.71%
- 6M
- 22.68%
- 1Y
- 56.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APLZ vs. QQQP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
APLZ Tradr 2X Short APLD Daily ETF | -86.93% |
QQQP Tradr 2X Long Triple Q Quarterly ETF | 26.43% |
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 22, 2026 | -0.56 |
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Return for Risk
APLZ vs. QQQP — Risk / Return Rank
APLZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQP
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.
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.
| APLZ | QQQP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.24 | — |
| Martin ratioReturn relative to average drawdown | — | 8.01 | — |
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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.
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Drawdown Indicators
| APLZ | QQQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -42.50% | -49.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.35% | — |
Current DrawdownCurrent decline from peak | -89.49% | -7.05% | -82.44% |
Average DrawdownAverage peak-to-trough decline | -57.58% | -7.27% | -50.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.09% | — |
Volatility
APLZ vs. QQQP - Volatility Comparison
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Volatility by Period
| APLZ | QQQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 27.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 219.87% | 34.52% | +185.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.87% | 44.33% | +175.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.87% | 44.33% | +175.54% |
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.
Frequently Asked Questions
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.
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.
QQQP is cheaper with a 1.30% expense ratio, compared with 1.49% for APLZ.
APLZ and QQQP have nearly identical dividend yields, around 0.00%.
APLZ is categorized as Inverse Equities, while QQQP is Leveraged Equities. Their fees differ too: 1.49% for APLZ and 1.30% for QQQP.
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