MPL vs. QQQT

Last updated Jun 7, 2026

MPL (Defiance Daily Target 2X Long MP ETF) and QQQT (Defiance Nasdaq 100 Income Target ETF) are both exchange-traded funds - MPL is a Leveraged Equities fund actively managed by Defiance, while QQQT is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. MPL charges 1.31%/yr vs 1.05%/yr for QQQT.

Performance

MPL vs. QQQT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long MP ETF (MPL) and Defiance Nasdaq 100 Income Target ETF (QQQT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MPL

• 1D: -19.06%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQT

• 1D: -4.64%
• 1M: 1.49%
• YTD: 13.60%
• 6M: 11.34%
• 1Y: 27.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPL vs. QQQT - Yearly Performance Comparison

	2026 (YTD)
MPL Defiance Daily Target 2X Long MP ETF	-24.56%
QQQT Defiance Nasdaq 100 Income Target ETF	-3.23%

Correlation

The correlation between MPL and QQQT is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.83

Return for Risk

MPL vs. QQQT — Risk / Return Rank

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

QQQT

QQQT Risk / Return Rank: 53
QQQT Sharpe Ratio Rank: 57
QQQT Sortino Ratio Rank: 53
QQQT Omega Ratio Rank: 60
QQQT Calmar Ratio Rank: 47
QQQT 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.

MPL vs. QQQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MP ETF (MPL) and Defiance Nasdaq 100 Income Target ETF (QQQT). 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

	MPL	QQQT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	0.82	-1.41

Drawdowns

MPL vs. QQQT - Drawdown Comparison

The maximum MPL drawdown since its inception was -34.06%, which is greater than QQQT's maximum drawdown of -22.50%. Use the drawdown chart below to compare losses from any high point for MPL and QQQT.

Drawdown Indicators

	MPL	QQQT	Difference
Max Drawdown Largest peak-to-trough decline	-34.06%	-22.50%	-11.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.73%	—
Current Drawdown Current decline from peak	-34.06%	-5.18%	-28.88%
Average Drawdown Average peak-to-trough decline	-9.74%	-4.00%	-5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.63%	—

Volatility

Volatility by Period

	MPL	QQQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	182.07%	15.37%	+166.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	182.07%	20.49%	+161.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	182.07%	20.49%	+161.58%

MPL vs. QQQT - Expense Ratio Comparison

MPL has a 1.31% expense ratio, which is higher than QQQT's 1.05% expense ratio.

Dividends

MPL vs. QQQT - Dividend Comparison

MPL has not paid dividends to shareholders, while QQQT's dividend yield for the trailing twelve months is around 20.15%.

Position	TTM	2025	2024
MPL Defiance Daily Target 2X Long MP ETF	0.00%	0.00%	0.00%
QQQT Defiance Nasdaq 100 Income Target ETF	20.15%	21.27%	10.35%

Frequently Asked Questions

Can I hold both MPL and QQQT in my portfolio?

MPL and QQQT have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MPL or QQQT?

On fees, QQQT is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MPL or QQQT?

QQQT is cheaper with a 1.05% expense ratio, compared with 1.31% for MPL.

Which ETF pays a higher dividend yield, MPL or QQQT?

QQQT has the higher dividend yield at 20.15%, compared with 0.00% for MPL.

What is the main difference between MPL and QQQT?

MPL is categorized as Leveraged Equities, while QQQT is Nasdaq-100. Their fees differ too: 1.31% for MPL and 1.05% for QQQT.