MPG vs. TQQQ
MPG (Leverage Shares 2X Long MP Daily ETF) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds. MPG is actively managed, while TQQQ is passively managed. At a 0.47 correlation, their price movements are largely independent. MPG charges 0.75%/yr vs 0.95%/yr for TQQQ.
Performance
MPG vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, MPG achieves a -43.34% return, which is significantly lower than TQQQ's 34.71% return.
MPG
- 1D
- -16.13%
- 1M
- -38.73%
- 6M
- -66.34%
- YTD
- -43.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ
- 1D
- -4.97%
- 1M
- -11.29%
- 6M
- 30.60%
- YTD
- 34.71%
- 1Y
- 67.39%
- 3Y*
- 47.91%
- 5Y*
- 18.79%
- 10Y*
- 41.62%
MPG vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MPG Leverage Shares 2X Long MP Daily ETF | -43.34% | -49.37% |
TQQQ ProShares UltraPro QQQ | 34.71% | -4.48% |
Correlation
The correlation between MPG and TQQQ is 0.47, 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 Oct 27, 2025 | 0.47 |
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Return for Risk
MPG vs. TQQQ — Risk / Return Rank
MPG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TQQQ
MPG vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long MP Daily ETF (MPG) and ProShares UltraPro QQQ (TQQQ). 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.
| MPG | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.83 | — |
| Martin ratioReturn relative to average drawdown | — | 5.57 | — |
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Drawdowns
MPG vs. TQQQ - Drawdown Comparison
The maximum MPG drawdown since its inception was -71.31%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for MPG and TQQQ.
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Drawdown Indicators
| MPG | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.31% | -81.66% | +10.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -36.97% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -58.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -71.31% | -18.71% | -52.60% |
Average DrawdownAverage peak-to-trough decline | -37.68% | -18.48% | -19.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.14% | — |
Volatility
MPG vs. TQQQ - Volatility Comparison
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Volatility by Period
| MPG | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.05% | 55.54% | +89.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.05% | 67.78% | +77.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.05% | 66.40% | +78.65% |
MPG vs. TQQQ - Expense Ratio Comparison
MPG has a 0.75% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Dividends
MPG vs. TQQQ - Dividend Comparison
MPG has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPG Leverage Shares 2X Long MP Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.53% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
MPG and TQQQ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MPG is cheaper with a 0.75% expense ratio, compared with 0.95% for TQQQ.
TQQQ has the higher dividend yield at 0.53%, compared with 0.00% for MPG.
They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for MPG and 0.95% for TQQQ.
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