GLWG vs. QQQP

Last updated Jun 23, 2026

GLWG (Leverage Shares 2X Long GLW Daily ETF) and QQQP (Tradr 2X Long Triple Q Quarterly ETF) are both Leveraged Equities funds. GLWG is passively managed, while QQQP is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. GLWG charges 0.75%/yr vs 1.30%/yr for QQQP.

Performance

GLWG vs. QQQP - Performance Comparison

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

Returns By Period

GLWG

• 1D: 15.50%
• 1M: 9.12%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQP

• 1D: -0.56%
• 1M: 4.47%
• YTD: 33.67%
• 6M: 31.35%
• 1Y: 73.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLWG vs. QQQP - Yearly Performance Comparison

	2026 (YTD)
GLWG Leverage Shares 2X Long GLW Daily ETF	101.91%
QQQP Tradr 2X Long Triple Q Quarterly ETF	38.13%

Correlation

The correlation between GLWG and QQQP is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 10, 2026	0.57

Return for Risk

GLWG vs. QQQP — Risk / Return Rank

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

GLWG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQP

QQQP Risk / Return Rank: 61
QQQP Sharpe Ratio Rank: 69
QQQP Sortino Ratio Rank: 58
QQQP Omega Ratio Rank: 57
QQQP Calmar Ratio Rank: 61
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.

GLWG vs. QQQP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GLW Daily ETF (GLWG) 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.

	GLWG	QQQP	Difference
Sharpe ratio: Return per unit of total volatility	—	2.16	—
Sortino ratio: Return per unit of downside risk	—	2.65	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.92	—
Martin ratio: Return relative to average drawdown	—	10.48	—

Drawdowns

GLWG vs. QQQP - Drawdown Comparison

The maximum GLWG drawdown since its inception was -39.12%, smaller than the maximum QQQP drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for GLWG and QQQP.

Drawdown Indicators

	GLWG	QQQP	Difference
Max Drawdown Largest peak-to-trough decline	-39.12%	-42.50%	+3.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.35%	—
Current Drawdown Current decline from peak	-7.39%	-1.94%	-5.45%
Average Drawdown Average peak-to-trough decline	-13.26%	-7.26%	-6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.04%	—

Volatility

Volatility by Period

	GLWG	QQQP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	158.76%	34.24%	+124.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	158.76%	44.27%	+114.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	158.76%	44.27%	+114.49%

GLWG vs. QQQP - Expense Ratio Comparison

GLWG has a 0.75% expense ratio, which is lower than QQQP's 1.30% expense ratio.

Dividends

GLWG vs. QQQP - Dividend Comparison

Neither GLWG nor QQQP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLWG and QQQP in my portfolio?

GLWG and QQQP have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLWG or QQQP?

On fees, GLWG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLWG or QQQP?

GLWG is cheaper with a 0.75% expense ratio, compared with 1.30% for QQQP.

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

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

What is the main difference between GLWG and QQQP?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for GLWG and 1.30% for QQQP.