BERZ vs. MQQQ
BERZ (MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN) and MQQQ (Tradr 2X Long Triple Q Monthly ETF) are both exchange-traded funds - BERZ is a Inverse Equities fund tracking the Solactive FANG Innovation Index, while MQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Both are passively managed. Over the past year, BERZ returned -85.50% vs 77.21% for MQQQ. At a correlation of -0.93, they often move in opposite directions. BERZ charges 0.95%/yr vs 1.30%/yr for MQQQ.
Performance
BERZ vs. MQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, BERZ achieves a -63.63% return, which is significantly lower than MQQQ's 37.15% return.
BERZ
- 1D
- 4.46%
- 1M
- -30.10%
- YTD
- -63.63%
- 6M
- -63.44%
- 1Y
- -85.50%
- 3Y*
- -77.36%
- 5Y*
- —
- 10Y*
- —
MQQQ
- 1D
- -0.89%
- 1M
- 16.22%
- YTD
- 37.15%
- 6M
- 33.30%
- 1Y
- 77.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BERZ vs. MQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | -63.63% | -78.81% | -40.80% |
MQQQ Tradr 2X Long Triple Q Monthly ETF | 37.15% | 31.67% | 19.72% |
Correlation
The correlation between BERZ and MQQQ is -0.92, 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 (1Y) Calculated over the trailing 1-year period | -0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | -0.93 |
The correlation between BERZ and MQQQ has been stable across timeframes, ranging from -0.93 to -0.92 - a consistent structural relationship.
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Return for Risk
BERZ vs. MQQQ — Risk / Return Rank
BERZ
MQQQ
BERZ vs. MQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and Tradr 2X Long Triple Q Monthly ETF (MQQQ). 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.
| BERZ | MQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.54 | ||
| Sortino ratioReturn per unit of downside risk | -5.78 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.38 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 3.08 | -4.06 |
| Martin ratioReturn relative to average drawdown | -1.52 | 11.06 | -12.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BERZ | MQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.13 | 2.41 | -3.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.74 | 1.29 | -2.03 |
Drawdowns
BERZ vs. MQQQ - Drawdown Comparison
The maximum BERZ drawdown since its inception was -99.80%, which is greater than MQQQ's maximum drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for BERZ and MQQQ.
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Drawdown Indicators
| BERZ | MQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -42.16% | -57.64% |
Max Drawdown (1Y)Largest decline over 1 year | -87.32% | -25.23% | -62.09% |
Max Drawdown (3Y)Largest decline over 3 years | -98.97% | — | — |
Current DrawdownCurrent decline from peak | -99.78% | -1.56% | -98.22% |
Average DrawdownAverage peak-to-trough decline | -71.59% | -7.15% | -64.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.33% | 7.00% | +49.33% |
Volatility
BERZ vs. MQQQ - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 24.04% compared to Tradr 2X Long Triple Q Monthly ETF (MQQQ) at 8.51%. This indicates that BERZ's price experiences larger fluctuations and is considered to be riskier than MQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BERZ | MQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.04% | 8.51% | +15.53% |
Volatility (6M)Calculated over the trailing 6-month period | 58.07% | 24.48% | +33.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.87% | 32.18% | +43.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.18% | 43.18% | +49.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.18% | 43.18% | +49.00% |
BERZ vs. MQQQ - Expense Ratio Comparison
BERZ has a 0.95% expense ratio, which is lower than MQQQ's 1.30% expense ratio.
Dividends
BERZ vs. MQQQ - Dividend Comparison
BERZ has not paid dividends to shareholders, while MQQQ's dividend yield for the trailing twelve months is around 1.47%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% |
MQQQ Tradr 2X Long Triple Q Monthly ETF | 1.47% | 2.02% | 0.02% |
Frequently Asked Questions
BERZ and MQQQ have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BERZ has higher volatility (24.04%) compared to MQQQ (8.51%). In terms of maximum drawdown, BERZ dropped -99.80% vs MQQQ's -42.16%.
On 1-year performance, MQQQ leads with 77.21% vs -85.50% for BERZ. On fees, BERZ is cheaper at 0.95% per year. On volatility, MQQQ has been the lower-risk option at 8.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MQQQ has performed better with a 77.21% return vs -85.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BERZ is cheaper with a 0.95% expense ratio, compared with 1.30% for MQQQ.
MQQQ has the higher dividend yield at 1.47%, compared with 0.00% for BERZ.
BERZ is categorized as Inverse Equities, while MQQQ is Leveraged Equities. BERZ tracks Solactive FANG Innovation Index, while MQQQ tracks NASDAQ-100 Index (200%). They also come from different issuers: BMO and AXS. Their fees differ too: 0.95% for BERZ and 1.30% for MQQQ.
MQQQ currently has the higher Sharpe Ratio (2.41 vs -1.13), 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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