CWVX vs. QQQP

Last updated Jun 5, 2026

CWVX (Tradr 2X Long CRWV Daily ETF) and QQQP (Tradr 2X Long Triple Q Quarterly ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.

Performance

CWVX vs. QQQP - Performance Comparison

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

Returns By Period

In the year-to-date period, CWVX achieves a 48.51% return, which is significantly higher than QQQP's 34.57% return.

CWVX

• 1D: -5.31%
• 1M: -33.63%
• YTD: 48.51%
• 6M: -4.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQP

• 1D: -0.80%
• 1M: 14.67%
• YTD: 34.57%
• 6M: 30.71%
• 1Y: 72.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CWVX vs. QQQP - Yearly Performance Comparison

	2026 (YTD)	2025
CWVX Tradr 2X Long CRWV Daily ETF	48.51%	-78.36%
QQQP Tradr 2X Long Triple Q Quarterly ETF	34.57%	18.79%

Correlation

The correlation between CWVX and QQQP is 0.43, 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 Jul 14, 2025	0.43

Return for Risk

CWVX 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: 62
QQQP Sharpe Ratio Rank: 71
QQQP Sortino Ratio Rank: 61
QQQP Omega Ratio Rank: 59
QQQP Calmar Ratio Rank: 59
QQQP Martin Ratio Rank: 60

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.

CWVX vs. QQQP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CRWV Daily ETF (CWVX) 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

	CWVX	QQQP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	1.12	-1.50

Drawdowns

CWVX vs. QQQP - Drawdown Comparison

The maximum CWVX drawdown since its inception was -89.29%, which is greater than QQQP's maximum drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for CWVX and QQQP.

Drawdown Indicators

	CWVX	QQQP	Difference
Max Drawdown Largest peak-to-trough decline	-89.29%	-42.50%	-46.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.35%	—
Current Drawdown Current decline from peak	-77.59%	-1.29%	-76.30%
Average Drawdown Average peak-to-trough decline	-64.46%	-7.32%	-57.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.92%	—

Volatility

Volatility by Period

	CWVX	QQQP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	190.33%	32.06%	+158.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	190.33%	43.76%	+146.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	190.33%	43.76%	+146.57%

CWVX vs. QQQP - Expense Ratio Comparison

Both CWVX and QQQP have an expense ratio of 1.30%.

Dividends

CWVX vs. QQQP - Dividend Comparison

CWVX's dividend yield for the trailing twelve months is around 1.41%, while QQQP has not paid dividends to shareholders.

Position	TTM	2025
CWVX Tradr 2X Long CRWV Daily ETF	1.41%	2.10%
QQQP Tradr 2X Long Triple Q Quarterly ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CWVX and QQQP in my portfolio?

CWVX and QQQP have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CWVX or QQQP?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CWVX or QQQP?

CWVX and QQQP have the same expense ratio: 1.30% per year.

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

CWVX has the higher dividend yield at 1.41%, compared with 0.00% for QQQP.