MQQQ vs. TSMG

Last updated Jun 3, 2026

MQQQ (Tradr 2X Long Triple Q Monthly ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. MQQQ is passively managed, while TSMG is actively managed. Over the past year, MQQQ returned 83.05% vs 327.45% for TSMG. A 0.67 correlation means they provide meaningful diversification when combined. MQQQ charges 1.30%/yr vs 0.75%/yr for TSMG.

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.

Returns By Period

In the year-to-date period, MQQQ achieves a 39.32% return, which is significantly lower than TSMG's 94.33% return.

MQQQ

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

TSMG

• 1D: 4.98%
• 1M: 23.80%
• YTD: 94.33%
• 6M: 108.01%
• 1Y: 327.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MQQQ vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
MQQQ Tradr 2X Long Triple Q Monthly ETF	39.32%	35.43%
TSMG Leverage Shares 2X Long TSM Daily ETF	94.33%	76.34%

Correlation

The correlation between MQQQ and TSMG is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.67

The correlation between MQQQ and TSMG has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

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: 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

TSMG

TSMG Risk / Return Rank: 91
TSMG Sharpe Ratio Rank: 97
TSMG Sortino Ratio Rank: 87
TSMG Omega Ratio Rank: 79
TSMG Calmar Ratio Rank: 96
TSMG Martin Ratio Rank: 95

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	2.60	4.61	-2.01
Sortino ratio Return per unit of downside risk	3.07	3.97	-0.90
Omega ratio Gain probability vs. loss probability	1.40	1.48	-0.08
Calmar ratio Return relative to maximum drawdown	3.40	9.46	-6.06
Martin ratio Return relative to average drawdown	12.24	30.96	-18.71
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 2.60, which is lower than the TSMG Sharpe Ratio of 4.61. The chart below compares the historical Sharpe Ratios of MQQQ and TSMG, 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	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	4.61	-2.01
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.79	-0.47

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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.18%	-17.02%	+9.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.00%	10.79%	-3.79%

Volatility

MQQQ vs. TSMG - Volatility Comparison

The current volatility for Tradr 2X Long Triple Q Monthly ETF (MQQQ) is 8.50%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 22.57%. 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	8.50%	22.57%	-14.07%
Volatility (6M) Calculated over the trailing 6-month period	24.50%	54.92%	-30.42%
Volatility (1Y) Calculated over the trailing 1-year period	32.19%	71.57%	-39.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.26%	81.08%	-37.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.26%	81.08%	-37.82%

MQQQ vs. TSMG - Expense Ratio Comparison

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

Dividends

MQQQ vs. TSMG - Dividend Comparison

MQQQ's dividend yield for the trailing twelve months is around 1.45%, less than TSMG's 5.91% yield.

Position	TTM	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.45%	2.02%	0.02%
TSMG Leverage Shares 2X Long TSM Daily ETF	5.91%	11.48%	0.00%

Frequently Asked Questions

Can I hold both MQQQ and TSMG in my portfolio?

MQQQ and TSMG have a correlation of 0.63, 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 TSMG?

TSMG has higher volatility (22.57%) compared to MQQQ (8.50%). In terms of maximum drawdown, MQQQ dropped -42.16% vs TSMG's -63.67%.

Which ETF is better, MQQQ or TSMG?

On 1-year performance, TSMG leads with 327.45% vs 83.05% for MQQQ. On fees, TSMG is cheaper at 0.75% 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 TSMG?

Over the 1-year period, TSMG has performed better with a 327.45% 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 TSMG?

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

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

TSMG has the higher dividend yield at 5.91%, compared with 1.45% for MQQQ.

What is the main difference between MQQQ and TSMG?

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

Which has better risk-adjusted returns?

TSMG currently has the higher Sharpe Ratio (4.61 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.