MQQQ vs. NIOG

Last updated Aug 2, 2026

MQQQ (Tradr 2X Long Triple Q Monthly ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds - MQQQ tracks the NASDAQ-100 Index (200%) while NIOG tracks the NIO Inc. (NIO). Both are passively managed. Their 0.25 correlation means their historical movements had little consistent relationship. MQQQ charges 1.30%/yr vs 0.75%/yr for NIOG.

Performance

MQQQ vs. NIOG - 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 NIO Daily ETF (NIOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MQQQ achieves a 17.07% return, which is significantly higher than NIOG's -27.56% return.

MQQQ

• 1D: 1.69%
• 1M: -7.53%
• 6M: 15.18%
• YTD: 17.07%
• 1Y: 39.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.13%

NIOG

• 1D: 2.78%
• 1M: 2.43%
• 6M: -13.06%
• YTD: -27.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MQQQ Tradr 2X Long Triple Q Monthly ETF	$6.75M	$11.55M	$17.50M
NIOG Leverage Shares 2X Long NIO Daily ETF	$119.34K	$154.91K	$404.59K

MQQQ vs. NIOG - Yearly Performance Comparison

	2026 (YTD)	2025
MQQQ Tradr 2X Long Triple Q Monthly ETF	17.07%	4.82%
NIOG Leverage Shares 2X Long NIO Daily ETF	-27.56%	3.25%

Correlation

The correlation between MQQQ and NIOG is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.25

Return for Risk

MQQQ vs. NIOG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MQQQ

MQQQ Risk / Return Rank: 37
MQQQ Sharpe Ratio Rank: 36
MQQQ Sortino Ratio Rank: 37
MQQQ Omega Ratio Rank: 35
MQQQ Calmar Ratio Rank: 39
MQQQ Martin Ratio Rank: 40

NIOG

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MQQQ vs. NIOG - 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 NIO Daily ETF (NIOG). 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	NIOG	Difference
Sharpe ratio: Return per unit of total volatility	0.88	—	—
Sortino ratio: Return per unit of downside risk	1.37	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.36	—	—
Martin ratio: Return relative to average drawdown	4.17	—	—

Drawdowns

MQQQ vs. NIOG - Drawdown Comparison

The maximum MQQQ drawdown since its inception was -42.16%, smaller than the maximum NIOG drawdown of -61.79%. Use the drawdown chart below to compare losses from any high point for MQQQ and NIOG.

Drawdown Indicators

	MQQQ	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-42.16%	-61.79%	+19.63%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	—	—
Current Drawdown Current decline from peak	-15.97%	-54.61%	+38.64%
Average Drawdown Average peak-to-trough decline	-7.39%	-27.99%	+20.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.24%	—	—

Volatility

Volatility by Period

	MQQQ	NIOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.14%	109.44%	-70.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.75%	109.44%	-64.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.75%	109.44%	-64.69%

MQQQ vs. NIOG - Expense Ratio Comparison

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

Dividends

MQQQ vs. NIOG - Dividend Comparison

MQQQ's dividend yield for the trailing twelve months is around 1.72%, while NIOG has not paid dividends to shareholders.

Position	TTM	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.72%	2.02%	0.02%
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MQQQ and NIOG in my portfolio?

MQQQ and NIOG have a correlation of 0.25, 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 NIOG?

On fees, NIOG 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 NIOG?

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

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

MQQQ has the higher dividend yield at 1.72%, compared with 0.00% for NIOG.

What is the main difference between MQQQ and NIOG?

MQQQ tracks NASDAQ-100 Index (200%), while NIOG tracks NIO Inc. (NIO). They also come from different issuers: AXS and Leverage Shares. Their fees differ too: 1.30% for MQQQ and 0.75% for NIOG.