ASTX vs. QQQP
ASTX (Tradr 2X Long ASTS Daily ETF) and QQQP (Tradr 2X Long Triple Q Quarterly ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, ASTX returned -68.42% vs 37.33% for QQQP. Their 0.39 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.
Performance
ASTX vs. QQQP - Performance Comparison
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Returns By Period
In the year-to-date period, ASTX achieves a -73.48% return, which is significantly lower than QQQP's 15.23% return.
ASTX
- 1D
- 1.69%
- 1M
- -57.22%
- 6M
- -87.02%
- YTD
- -73.48%
- 1Y
- -68.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -54.70%
QQQP
- 1D
- 1.56%
- 1M
- -7.63%
- 6M
- 13.12%
- YTD
- 15.23%
- 1Y
- 37.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.95M | $70.14M | $195.58M | |
| $865.31K | $566.51K | $438.05K |
ASTX vs. QQQP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASTX Tradr 2X Long ASTS Daily ETF | -73.48% | 63.68% |
QQQP Tradr 2X Long Triple Q Quarterly ETF | 15.23% | 17.86% |
Correlation
The correlation between ASTX and QQQP is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025 | 0.39 |
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Return for Risk
ASTX vs. QQQP — Risk / Return Rank
ASTX
QQQP
ASTX vs. QQQP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ASTS Daily ETF (ASTX) 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.
| ASTX | QQQP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.16 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.27 | -2.03 |
| Martin ratioReturn relative to average drawdown | -1.27 | 4.02 | -5.29 |
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Drawdowns
ASTX vs. QQQP - Drawdown Comparison
The maximum ASTX drawdown since its inception was -91.24%, which is greater than QQQP's maximum drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for ASTX and QQQP.
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Drawdown Indicators
| ASTX | QQQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.24% | -42.50% | -48.74% |
Max Drawdown (1Y)Largest decline over 1 year | -91.24% | -25.35% | -65.89% |
Current DrawdownCurrent decline from peak | -89.27% | -15.47% | -73.80% |
Average DrawdownAverage peak-to-trough decline | -49.51% | -7.46% | -42.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.73% | 8.01% | +46.72% |
Volatility
ASTX vs. QQQP - Volatility Comparison
Tradr 2X Long ASTS Daily ETF (ASTX) has a higher volatility of 60.16% compared to Tradr 2X Long Triple Q Quarterly ETF (QQQP) at 14.67%. This indicates that ASTX's price experiences larger fluctuations and is considered to be riskier than QQQP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASTX | QQQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 60.16% | 14.67% | +45.49% |
Volatility (6M)Calculated over the trailing 6-month period | 163.48% | 30.88% | +132.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 218.96% | 37.67% | +181.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 215.72% | 44.67% | +171.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 215.72% | 44.67% | +171.05% |
ASTX vs. QQQP - Expense Ratio Comparison
Both ASTX and QQQP have an expense ratio of 1.30%.
Dividends
ASTX vs. QQQP - Dividend Comparison
Neither ASTX nor QQQP has paid dividends to shareholders.
Frequently Asked Questions
ASTX and QQQP have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTX has higher volatility (60.16%) compared to QQQP (14.67%). In terms of maximum drawdown, ASTX dropped -91.24% vs QQQP's -42.50%.
On 1-year performance, QQQP leads with 37.33% vs -68.42% for ASTX. Both ETFs have the same 1.30% expense ratio. On volatility, QQQP has been the lower-risk option at 14.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQP has performed better with a 37.33% return vs -68.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ASTX and QQQP have the same expense ratio: 1.30% per year.
ASTX and QQQP have nearly identical dividend yields, around 0.00%.
QQQP currently has the higher Sharpe Ratio (0.86 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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