CWVX vs. QQQP

Last updated Aug 1, 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. Over the past year, CWVX returned -83.03% vs 37.33% for QQQP. Their 0.48 correlation means their historical movements had little consistent relationship. 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 -45.27% return, which is significantly lower than QQQP's 15.23% return.

CWVX

• 1D: -5.82%
• 1M: -30.81%
• 6M: -65.40%
• YTD: -45.27%
• 1Y: -83.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -88.55%

QQQP

• 1D: 1.56%
• 1M: -7.63%
• 6M: 13.12%
• YTD: 15.23%
• 1Y: 37.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CWVX Tradr 2X Long CRWV Daily ETF	$16.79M	$16.48M	$36.04M
QQQP Tradr 2X Long Triple Q Quarterly ETF	$865.31K	$566.51K	$438.05K

CWVX vs. QQQP - Yearly Performance Comparison

	2026 (YTD)	2025
CWVX Tradr 2X Long CRWV Daily ETF	-45.27%	-81.40%
QQQP Tradr 2X Long Triple Q Quarterly ETF	15.23%	17.86%

Correlation

The correlation between CWVX and QQQP is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.48

The correlation between CWVX and QQQP has been stable across timeframes, ranging from 0.48 to 0.50 - a consistent structural relationship.

Return for Risk

CWVX vs. QQQP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CWVX

CWVX Risk / Return Rank: 6
CWVX Sharpe Ratio Rank: 6
CWVX Sortino Ratio Rank: 9
CWVX Omega Ratio Rank: 9
CWVX Calmar Ratio Rank: 1
CWVX Martin Ratio Rank: 3

QQQP

QQQP Risk / Return Rank: 36
QQQP Sharpe Ratio Rank: 34
QQQP Sortino Ratio Rank: 36
QQQP Omega Ratio Rank: 34
QQQP Calmar Ratio Rank: 37
QQQP Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	CWVX	QQQP	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	0.86	-1.30
Sortino ratio: Return per unit of downside risk	-0.06	1.35	-1.41
Omega ratio: Gain probability vs. loss probability	0.99	1.16	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.92	1.27	-2.19
Martin ratio: Return relative to average drawdown	-1.19	4.02	-5.21

CWVX vs. QQQP - Sharpe Ratio Comparison

The current CWVX Sharpe Ratio is -0.45, which is lower than the QQQP Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of CWVX and QQQP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CWVX vs. QQQP - Drawdown Comparison

The maximum CWVX drawdown since its inception was -93.85%, 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	-93.85%	-42.50%	-51.35%
Max Drawdown (1Y) Largest decline over 1 year	-93.85%	-25.35%	-68.50%
Current Drawdown Current decline from peak	-91.74%	-15.47%	-76.27%
Average Drawdown Average peak-to-trough decline	-67.33%	-7.46%	-59.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	72.12%	8.01%	+64.11%

Volatility

CWVX vs. QQQP - Volatility Comparison

Tradr 2X Long CRWV Daily ETF (CWVX) has a higher volatility of 62.07% compared to Tradr 2X Long Triple Q Quarterly ETF (QQQP) at 14.67%. This indicates that CWVX'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.

Volatility by Period

	CWVX	QQQP	Difference
Volatility (1M) Calculated over the trailing 1-month period	62.07%	14.67%	+47.40%
Volatility (6M) Calculated over the trailing 6-month period	138.54%	30.88%	+107.66%
Volatility (1Y) Calculated over the trailing 1-year period	194.23%	37.67%	+156.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	192.08%	44.67%	+147.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	192.08%	44.67%	+147.41%

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 3.83%, while QQQP has not paid dividends to shareholders.

Position	TTM	2025
CWVX Tradr 2X Long CRWV Daily ETF	3.83%	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 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CWVX or QQQP?

CWVX has higher volatility (62.07%) compared to QQQP (14.67%). In terms of maximum drawdown, CWVX dropped -93.85% vs QQQP's -42.50%.

Which ETF is better, CWVX or QQQP?

On 1-year performance, QQQP leads with 37.33% vs -83.03% for CWVX. 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.

Which ETF has performed better, CWVX or QQQP?

Over the 1-year period, QQQP has performed better with a 37.33% return vs -83.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 3.83%, compared with 0.00% for QQQP.

Which has better risk-adjusted returns?

QQQP currently has the higher Sharpe Ratio (0.86 vs -0.45), 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.