MQQQ vs. NEMG

Last updated Jun 24, 2026

MQQQ (Tradr 2X Long Triple Q Monthly ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. MQQQ is passively managed, while NEMG is actively managed. At a 0.45 correlation, their price movements are largely independent. MQQQ charges 1.30%/yr vs 0.75%/yr for NEMG.

Performance

MQQQ vs. NEMG - Performance Comparison

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

Returns By Period

In the year-to-date period, MQQQ achieves a 27.22% return, which is significantly higher than NEMG's -20.44% return.

MQQQ

• 1D: -6.32%
• 1M: -2.02%
• YTD: 27.22%
• 6M: 23.93%
• 1Y: 62.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: -7.98%
• 1M: -20.02%
• YTD: -20.44%
• 6M: -28.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MQQQ vs. NEMG - Yearly Performance Comparison

	2026 (YTD)	2025
MQQQ Tradr 2X Long Triple Q Monthly ETF	27.22%	1.46%
NEMG Leverage Shares 2x Long NEM Daily ETF	-20.44%	22.87%

Correlation

The correlation between MQQQ and NEMG is 0.45, 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 Nov 17, 2025	0.45

Return for Risk

MQQQ vs. NEMG — Risk / Return Rank

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

MQQQ

MQQQ Risk / Return Rank: 52
MQQQ Sharpe Ratio Rank: 56
MQQQ Sortino Ratio Rank: 48
MQQQ Omega Ratio Rank: 49
MQQQ Calmar Ratio Rank: 54
MQQQ Martin Ratio Rank: 54

NEMG

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

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.

MQQQ vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Monthly ETF (MQQQ) and Leverage Shares 2x Long NEM Daily ETF (NEMG). 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.

	MQQQ	NEMG	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.24	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.50	—	—
Martin ratio: Return relative to average drawdown	8.74	—	—

Drawdowns

MQQQ vs. NEMG - Drawdown Comparison

The maximum MQQQ drawdown since its inception was -42.16%, smaller than the maximum NEMG drawdown of -57.56%. Use the drawdown chart below to compare losses from any high point for MQQQ and NEMG.

Drawdown Indicators

	MQQQ	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-42.16%	-57.56%	+15.40%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	—	—
Current Drawdown Current decline from peak	-8.68%	-53.44%	+44.76%
Average Drawdown Average peak-to-trough decline	-7.16%	-23.21%	+16.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.20%	—	—

Volatility

Volatility by Period

	MQQQ	NEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.95%	102.63%	-66.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.41%	102.63%	-58.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.41%	102.63%	-58.22%

MQQQ vs. NEMG - Expense Ratio Comparison

MQQQ has a 1.30% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

MQQQ vs. NEMG - Dividend Comparison

MQQQ's dividend yield for the trailing twelve months is around 1.58%, while NEMG has not paid dividends to shareholders.

Position	TTM	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.58%	2.02%	0.02%
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MQQQ and NEMG in my portfolio?

MQQQ and NEMG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MQQQ or NEMG?

On fees, NEMG 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, MQQQ or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 1.30% for MQQQ.

Which ETF pays a higher dividend yield, MQQQ or NEMG?

MQQQ has the higher dividend yield at 1.58%, compared with 0.00% for NEMG.

What is the main difference between MQQQ and NEMG?

They also come from different issuers: AXS and Leverage Shares. Their fees differ too: 1.30% for MQQQ and 0.75% for NEMG.