MQQQ vs. QBTX

Last updated Aug 2, 2026

MQQQ (Tradr 2X Long Triple Q Monthly ETF) and QBTX (Tradr 2X Long QBTS Daily ETF) are both Leveraged Equities funds from AXS. MQQQ is passively managed, while QBTX is actively managed. Over the past year, MQQQ returned 39.63% vs -67.82% for QBTX. Their 0.46 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.

Performance

MQQQ vs. QBTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Triple Q Monthly ETF (MQQQ) and Tradr 2X Long QBTS Daily ETF (QBTX). 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 QBTX's -76.90% return.

MQQQ

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

QBTX

• 1D: 1.33%
• 1M: -42.34%
• 6M: -62.38%
• YTD: -76.90%
• 1Y: -67.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.15%

*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
QBTX Tradr 2X Long QBTS Daily ETF	$17.57M	$16.05M	$40.46M

MQQQ vs. QBTX - Yearly Performance Comparison

	2026 (YTD)	2025
MQQQ Tradr 2X Long Triple Q Monthly ETF	17.07%	62.70%
QBTX Tradr 2X Long QBTS Daily ETF	-76.90%	339.28%

Correlation

The correlation between MQQQ and QBTX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	0.46

Return for Risk

MQQQ vs. QBTX — 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

QBTX

QBTX Risk / Return Rank: 11
QBTX Sharpe Ratio Rank: 7
QBTX Sortino Ratio Rank: 22
QBTX Omega Ratio Rank: 19
QBTX Calmar Ratio Rank: 3
QBTX Martin Ratio Rank: 5

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. QBTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Monthly ETF (MQQQ) and Tradr 2X Long QBTS Daily ETF (QBTX). 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	QBTX	Difference
Sharpe ratio: Return per unit of total volatility	0.88	-0.32	+1.20
Sortino ratio: Return per unit of downside risk	1.37	0.77	+0.60
Omega ratio: Gain probability vs. loss probability	1.17	1.08	+0.09
Calmar ratio: Return relative to maximum drawdown	1.36	-0.74	+2.11
Martin ratio: Return relative to average drawdown	4.17	-0.95	+5.12

MQQQ vs. QBTX - Sharpe Ratio Comparison

The current MQQQ Sharpe Ratio is 0.88, which is higher than the QBTX Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of MQQQ and QBTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MQQQ vs. QBTX - Drawdown Comparison

The maximum MQQQ drawdown since its inception was -42.16%, smaller than the maximum QBTX drawdown of -95.48%. Use the drawdown chart below to compare losses from any high point for MQQQ and QBTX.

Drawdown Indicators

	MQQQ	QBTX	Difference
Max Drawdown Largest peak-to-trough decline	-42.16%	-95.48%	+53.32%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	-95.48%	+70.25%
Current Drawdown Current decline from peak	-15.97%	-94.67%	+78.70%
Average Drawdown Average peak-to-trough decline	-7.39%	-60.34%	+52.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.24%	74.79%	-66.55%

Volatility

MQQQ vs. QBTX - Volatility Comparison

The current volatility for Tradr 2X Long Triple Q Monthly ETF (MQQQ) is 14.78%, while Tradr 2X Long QBTS Daily ETF (QBTX) has a volatility of 57.40%. This indicates that MQQQ experiences smaller price fluctuations and is considered to be less risky than QBTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MQQQ	QBTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.78%	57.40%	-42.62%
Volatility (6M) Calculated over the trailing 6-month period	32.38%	149.53%	-117.15%
Volatility (1Y) Calculated over the trailing 1-year period	39.14%	219.66%	-180.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.75%	237.92%	-193.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.75%	237.92%	-193.17%

MQQQ vs. QBTX - Expense Ratio Comparison

Both MQQQ and QBTX have an expense ratio of 1.30%.

Dividends

MQQQ vs. QBTX - Dividend Comparison

MQQQ's dividend yield for the trailing twelve months is around 1.72%, less than QBTX's 57.13% yield.

Position	TTM	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.72%	2.02%	0.02%
QBTX Tradr 2X Long QBTS Daily ETF	57.13%	13.20%	0.00%

Frequently Asked Questions

Can I hold both MQQQ and QBTX in my portfolio?

MQQQ and QBTX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MQQQ or QBTX?

QBTX has higher volatility (57.40%) compared to MQQQ (14.78%). In terms of maximum drawdown, MQQQ dropped -42.16% vs QBTX's -95.48%.

Which ETF is better, MQQQ or QBTX?

On 1-year performance, MQQQ leads with 39.63% vs -67.82% for QBTX. Both ETFs have the same 1.30% expense ratio. On volatility, MQQQ has been the lower-risk option at 14.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MQQQ or QBTX?

Over the 1-year period, MQQQ has performed better with a 39.63% return vs -67.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MQQQ or QBTX?

MQQQ and QBTX have the same expense ratio: 1.30% per year.

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

QBTX has the higher dividend yield at 57.13%, compared with 1.72% for MQQQ.

Which has better risk-adjusted returns?

MQQQ currently has the higher Sharpe Ratio (0.88 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.