MQQQ vs. QTUM

Last updated Jun 3, 2026

MQQQ (Tradr 2X Long Triple Q Monthly ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - MQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%), while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. Both are passively managed. Over the past year, MQQQ returned 83.05% vs 98.68% for QTUM. Their correlation of 0.81 suggests significant overlap in exposure. MQQQ charges 1.30%/yr vs 0.40%/yr for QTUM.

Performance

MQQQ vs. QTUM - Performance Comparison

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

Returns By Period

In the year-to-date period, MQQQ achieves a 39.32% return, which is significantly lower than QTUM's 54.21% return.

MQQQ

• 1D: 1.03%
• 1M: 20.59%
• YTD: 39.32%
• 6M: 35.46%
• 1Y: 83.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTUM

• 1D: 3.62%
• 1M: 24.85%
• YTD: 54.21%
• 6M: 54.71%
• 1Y: 98.68%
• 3Y*: 52.52%
• 5Y*: 29.66%
• 10Y*: —

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

MQQQ vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	39.32%	31.67%	19.72%
QTUM Defiance Quantum ETF	54.21%	36.65%	36.86%

Correlation

The correlation between MQQQ and QTUM is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.81

The correlation between MQQQ and QTUM has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

Return for Risk

MQQQ vs. QTUM — Risk / Return Rank

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

MQQQ

MQQQ Risk / Return Rank: 68
MQQQ Sharpe Ratio Rank: 79
MQQQ Sortino Ratio Rank: 66
MQQQ Omega Ratio Rank: 65
MQQQ Calmar Ratio Rank: 67
MQQQ Martin Ratio Rank: 66

QTUM

QTUM Risk / Return Rank: 92
QTUM Sharpe Ratio Rank: 94
QTUM Sortino Ratio Rank: 91
QTUM Omega Ratio Rank: 89
QTUM Calmar Ratio Rank: 93
QTUM Martin Ratio Rank: 93

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. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Monthly ETF (MQQQ) and Defiance Quantum ETF (QTUM). 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.

	MQQQ	QTUM	Difference
Sharpe ratio Return per unit of total volatility	2.60	3.78	-1.18
Sortino ratio Return per unit of downside risk	3.07	4.36	-1.29
Omega ratio Gain probability vs. loss probability	1.40	1.57	-0.17
Calmar ratio Return relative to maximum drawdown	3.40	6.65	-3.25
Martin ratio Return relative to average drawdown	12.24	25.13	-12.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MQQQ vs. QTUM - Sharpe Ratio Comparison

The current MQQQ Sharpe Ratio is 2.60, which is lower than the QTUM Sharpe Ratio of 3.78. The chart below compares the historical Sharpe Ratios of MQQQ and QTUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MQQQ	QTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	3.78	-1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.08	+0.25

Drawdowns

MQQQ vs. QTUM - Drawdown Comparison

The maximum MQQQ drawdown since its inception was -42.16%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for MQQQ and QTUM.

Drawdown Indicators

	MQQQ	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-42.16%	-38.45%	-3.71%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	-15.26%	-9.97%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.45%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.18%	-8.26%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.00%	4.04%	+2.96%

Volatility

MQQQ vs. QTUM - Volatility Comparison

The current volatility for Tradr 2X Long Triple Q Monthly ETF (MQQQ) is 8.50%, while Defiance Quantum ETF (QTUM) has a volatility of 9.64%. This indicates that MQQQ experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MQQQ	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	9.64%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	24.50%	20.35%	+4.15%
Volatility (1Y) Calculated over the trailing 1-year period	32.19%	26.27%	+5.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.26%	26.56%	+16.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.26%	27.17%	+16.09%

MQQQ vs. QTUM - Expense Ratio Comparison

MQQQ has a 1.30% expense ratio, which is higher than QTUM's 0.40% expense ratio.

Dividends

MQQQ vs. QTUM - Dividend Comparison

MQQQ's dividend yield for the trailing twelve months is around 1.45%, more than QTUM's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.45%	2.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QTUM Defiance Quantum ETF	0.70%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%

Frequently Asked Questions

Can I hold both MQQQ and QTUM in my portfolio?

MQQQ and QTUM have a correlation of 0.84, 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 QTUM?

QTUM has higher volatility (9.64%) compared to MQQQ (8.50%). In terms of maximum drawdown, MQQQ dropped -42.16% vs QTUM's -38.45%.

Which ETF is better, MQQQ or QTUM?

On 1-year performance, QTUM leads with 98.68% vs 83.05% for MQQQ. On fees, QTUM is cheaper at 0.40% per year. On volatility, MQQQ has been the lower-risk option at 8.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MQQQ or QTUM?

Over the 1-year period, QTUM has performed better with a 98.68% return vs 83.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MQQQ or QTUM?

QTUM is cheaper with a 0.40% expense ratio, compared with 1.30% for MQQQ.

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

MQQQ has the higher dividend yield at 1.45%, compared with 0.70% for QTUM.

What is the main difference between MQQQ and QTUM?

MQQQ is categorized as Leveraged Equities, while QTUM is Technology Equities. MQQQ tracks NASDAQ-100 Index (200%), while QTUM tracks BlueStar Machine Learning and Quantum Computing Index. They also come from different issuers: AXS and Defiance. Their fees differ too: 1.30% for MQQQ and 0.40% for QTUM.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (3.78 vs 2.60), 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.