MQQQ vs. TSMG

Last updated Apr 2, 2026

Compare and contrast key facts about Tradr 2X Long Triple Q Monthly ETF (MQQQ) and Leverage Shares 2X Long TSM Daily ETF (TSMG).

MQQQ and TSMG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MQQQ is a passively managed fund by AXS that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Aug 30, 2024. TSMG is an actively managed fund by Leverage Shares. It was launched on Jan 14, 2025.

Performance

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

MQQQ vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
MQQQ Tradr 2X Long Triple Q Monthly ETF	-11.27%	35.43%
TSMG Leverage Shares 2X Long TSM Daily ETF	18.85%	76.34%

Returns By Period

In the year-to-date period, MQQQ achieves a -11.27% return, which is significantly lower than TSMG's 18.85% return.

MQQQ

• 1D: 2.43%
• 1M: -8.42%
• YTD: -11.27%
• 6M: -9.68%
• 1Y: 40.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: 2.29%
• 1M: -16.16%
• YTD: 18.85%
• 6M: 24.81%
• 1Y: 225.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MQQQ vs. TSMG - Expense Ratio Comparison

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

MQQQ

Tradr 2X Long Triple Q Monthly ETF

TSMG

Leverage Shares 2X Long TSM Daily ETF

Return for Risk

MQQQ vs. TSMG — Risk / Return Rank

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

MQQQ

MQQQ Risk / Return Rank: 54
MQQQ Sharpe Ratio Rank: 45
MQQQ Sortino Ratio Rank: 55
MQQQ Omega Ratio Rank: 55
MQQQ Calmar Ratio Rank: 62
MQQQ Martin Ratio Rank: 55

TSMG

TSMG Risk / Return Rank: 95
TSMG Sharpe Ratio Rank: 97
TSMG Sortino Ratio Rank: 94
TSMG Omega Ratio Rank: 89
TSMG Calmar Ratio Rank: 98
TSMG Martin Ratio Rank: 97

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. TSMG - 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 TSM Daily ETF (TSMG). 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	TSMG	Difference
Sharpe ratio Return per unit of total volatility	0.87	2.94	-2.08
Sortino ratio Return per unit of downside risk	1.51	3.06	-1.56
Omega ratio Gain probability vs. loss probability	1.21	1.39	-0.17
Calmar ratio Return relative to maximum drawdown	1.69	6.67	-4.98
Martin ratio Return relative to average drawdown	5.73	20.63	-14.91
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. TSMG - Sharpe Ratio Comparison

The current MQQQ Sharpe Ratio is 0.87, which is lower than the TSMG Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of MQQQ and TSMG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MQQQ	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	2.94	-2.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.04	-0.50

Correlation

The correlation between MQQQ and TSMG is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MQQQ vs. TSMG - Dividend Comparison

MQQQ's dividend yield for the trailing twelve months is around 2.27%, less than TSMG's 9.66% yield.

	TTM	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	2.27%	2.02%	0.02%
TSMG Leverage Shares 2X Long TSM Daily ETF	9.66%	11.48%	0.00%

Drawdowns

MQQQ vs. TSMG - Drawdown Comparison

The maximum MQQQ drawdown since its inception was -42.16%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for MQQQ and TSMG.

Drawdown Indicators

	MQQQ	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-42.16%	-63.67%	+21.51%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	-35.29%	+10.06%
Current Drawdown Current decline from peak	-17.75%	-24.61%	+6.86%
Average Drawdown Average peak-to-trough decline	-7.62%	-18.24%	+10.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	11.41%	-3.95%

Volatility

MQQQ vs. TSMG - Volatility Comparison

The current volatility for Tradr 2X Long Triple Q Monthly ETF (MQQQ) is 13.84%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 28.00%. This indicates that MQQQ experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MQQQ	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.84%	28.00%	-14.16%
Volatility (6M) Calculated over the trailing 6-month period	26.46%	54.68%	-28.22%
Volatility (1Y) Calculated over the trailing 1-year period	46.81%	77.04%	-30.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.28%	81.23%	-36.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.28%	81.23%	-36.95%