HLXX vs. QQQP

Last updated Jun 5, 2026

HLXX (Tradr 2X Long HL Daily ETF) and QQQP (Tradr 2X Long Triple Q Quarterly ETF) are both Leveraged Equities funds from Tradr. HLXX is passively managed, while QQQP is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. HLXX charges 1.49%/yr vs 1.30%/yr for QQQP.

Performance

HLXX vs. QQQP - Performance Comparison

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

Returns By Period

HLXX

• 1D: 0.84%
• 1M: -8.53%
• YTD: —
• 6M: —
• 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)

HLXX vs. QQQP - Yearly Performance Comparison

	2026 (YTD)
HLXX Tradr 2X Long HL Daily ETF	-21.23%
QQQP Tradr 2X Long Triple Q Quarterly ETF	51.56%

Correlation

The correlation between HLXX 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 25, 2026	0.57

Return for Risk

HLXX 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.

HLXX vs. QQQP - Risk-Adjusted Trends Comparison

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

	HLXX	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	-0.56	1.12	-1.69

Drawdowns

HLXX vs. QQQP - Drawdown Comparison

The maximum HLXX drawdown since its inception was -40.87%, roughly equal to the maximum QQQP drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for HLXX and QQQP.

Drawdown Indicators

	HLXX	QQQP	Difference
Max Drawdown Largest peak-to-trough decline	-40.87%	-42.50%	+1.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.35%	—
Current Drawdown Current decline from peak	-38.78%	-1.29%	-37.49%
Average Drawdown Average peak-to-trough decline	-15.97%	-7.32%	-8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.92%	—

Volatility

Volatility by Period

	HLXX	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	125.85%	32.06%	+93.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	125.85%	43.76%	+82.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	125.85%	43.76%	+82.09%

HLXX vs. QQQP - Expense Ratio Comparison

HLXX has a 1.49% expense ratio, which is higher than QQQP's 1.30% expense ratio.

Dividends

HLXX vs. QQQP - Dividend Comparison

Neither HLXX nor QQQP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HLXX and QQQP in my portfolio?

HLXX 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, HLXX or QQQP?

On fees, QQQP is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HLXX or QQQP?

QQQP is cheaper with a 1.30% expense ratio, compared with 1.49% for HLXX.

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

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

What is the main difference between HLXX and QQQP?

Their fees differ too: 1.49% for HLXX and 1.30% for QQQP.