GEVX vs. QQQP

Last updated Jul 16, 2026

GEVX (Tradr 2X Long GEV 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, GEVX returned 154.94% vs 47.91% for QQQP. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 1.30% expense ratio.

Performance

GEVX vs. QQQP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long GEV Daily ETF (GEVX) 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, GEVX achieves a 121.30% return, which is significantly higher than QQQP's 25.96% return.

GEVX

• 1D: -2.14%
• 1M: 11.68%
• 6M: 128.37%
• YTD: 121.30%
• 1Y: 154.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQP

• 1D: -0.74%
• 1M: -6.77%
• 6M: 24.20%
• YTD: 25.96%
• 1Y: 47.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEVX vs. QQQP - Yearly Performance Comparison

	2026 (YTD)	2025
GEVX Tradr 2X Long GEV Daily ETF	121.30%	23.96%
QQQP Tradr 2X Long Triple Q Quarterly ETF	25.96%	17.86%

Correlation

The correlation between GEVX and QQQP is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.52

The correlation between GEVX and QQQP has been stable across timeframes, ranging from 0.52 to 0.52 - a consistent structural relationship.

Return for Risk

GEVX vs. QQQP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GEVX

GEVX Risk / Return Rank: 62
GEVX Sharpe Ratio Rank: 53
GEVX Sortino Ratio Rank: 61
GEVX Omega Ratio Rank: 54
GEVX Calmar Ratio Rank: 82
GEVX Martin Ratio Rank: 58

QQQP

QQQP Risk / Return Rank: 45
QQQP Sharpe Ratio Rank: 46
QQQP Sortino Ratio Rank: 43
QQQP Omega Ratio Rank: 42
QQQP Calmar Ratio Rank: 45
QQQP Martin Ratio Rank: 48

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.

GEVX vs. QQQP - Risk-Adjusted Trends Comparison

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

	GEVX	QQQP	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.35	+0.15
Sortino ratio: Return per unit of downside risk	2.32	1.85	+0.47
Omega ratio: Gain probability vs. loss probability	1.28	1.23	+0.05
Calmar ratio: Return relative to maximum drawdown	3.46	1.90	+1.56
Martin ratio: Return relative to average drawdown	8.36	6.61	+1.75

GEVX vs. QQQP - Sharpe Ratio Comparison

The current GEVX Sharpe Ratio is 1.50, which is comparable to the QQQP Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of GEVX 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

GEVX vs. QQQP - Drawdown Comparison

The maximum GEVX drawdown since its inception was -45.03%, which is greater than QQQP's maximum drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for GEVX and QQQP.

Drawdown Indicators

	GEVX	QQQP	Difference
Max Drawdown Largest peak-to-trough decline	-45.03%	-42.50%	-2.53%
Max Drawdown (1Y) Largest decline over 1 year	-45.03%	-25.35%	-19.68%
Current Drawdown Current decline from peak	-22.04%	-7.60%	-14.44%
Average Drawdown Average peak-to-trough decline	-15.14%	-7.25%	-7.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.60%	7.27%	+11.33%

Volatility

GEVX vs. QQQP - Volatility Comparison

Tradr 2X Long GEV Daily ETF (GEVX) has a higher volatility of 39.80% compared to Tradr 2X Long Triple Q Quarterly ETF (QQQP) at 13.92%. This indicates that GEVX'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

	GEVX	QQQP	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.80%	13.92%	+25.88%
Volatility (6M) Calculated over the trailing 6-month period	71.74%	29.00%	+42.74%
Volatility (1Y) Calculated over the trailing 1-year period	104.04%	35.66%	+68.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.76%	44.31%	+59.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	103.76%	44.31%	+59.45%

GEVX vs. QQQP - Expense Ratio Comparison

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

Dividends

GEVX vs. QQQP - Dividend Comparison

Neither GEVX nor QQQP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GEVX and QQQP in my portfolio?

GEVX and QQQP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GEVX or QQQP?

GEVX has higher volatility (39.80%) compared to QQQP (13.92%). In terms of maximum drawdown, GEVX dropped -45.03% vs QQQP's -42.50%.

Which ETF is better, GEVX or QQQP?

On 1-year performance, GEVX leads with 154.94% vs 47.91% for QQQP. Both ETFs have the same 1.30% expense ratio. On volatility, QQQP has been the lower-risk option at 13.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GEVX or QQQP?

Over the 1-year period, GEVX has performed better with a 154.94% return vs 47.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GEVX or QQQP?

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

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

GEVX and QQQP have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

GEVX currently has the higher Sharpe Ratio (1.50 vs 1.35), 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.